Fossil Energy
Repsol marks 25th anniversary on stock market
Repsol has celebrated the 25th anniversary of its flotation on the stock market in a ceremony held at the Madrid Stock Exchange. During the event, Repsol Chairman Antonio Brufau rang the bell symbolically to celebrate Repsol’s entrance into the stock markets on May 11, 1989. Repsol began trading sim
Statoil divests stake in block offshore Angola
Norwegian oil comany Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P.
Tampnet buys AirTap
Tampnet AS, the Norwegian-based leading offshore high capacity and low latency communications provider, has reached an agreement to acquire the wireless Managed Services provider AirTap Communications, LLC from a group of private investors. AirTap is a Louisiana-based Managed Services provider with
Oil & Gas UK issues new BOP guideline
Oil & Gas UK has released issue 2 of its guidelines on Blowout Preventer (BOP) operations for offshore wells to improve cross industry understanding of well-related issues on the UK Continental Shelf (UKCS). In addition to providing operators, drilling and well service companies and other duty-holde
Hydratight, AS Connector working on subsea pipeline IRM solutions
Hydratight, one of the world’s leading pipeline joint integrity companies, and AS Connector, a dedicated deepwater engineering company, have signed a formal agreement to jointly supply subsea pipeline inspection, repair, and maintenance (IRM) solutions. This collaboration comes as a response to bett
Marine Cybernetics becomes part of DNV GL
DNV GL, has acquired Marine Cybernetics, a company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the offshore and maritime industries. Marine Cybernetics was established in 2002 as a spin-off from the Norwegian University of Science and Te
Douglas Westwood: North Sea – Hope for Declining Production?
Western Europe will continue to rely on imported Russian gas into the 2020s as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term, Douglas Westwood said in its DW Monday report. Following Moscow’s intervention in Ukrai
SMD to deliver 2nd Atom ROV to Assodivers
Greece based Assodivers have ordered an additional SMD Atom 100hp 3000m rated work class remotely operated vehicle (ROV) complete with Launch and Recovery system (LARs). The work class ROV system will be delivered during the third quarter of this year and will complement their existing Atom ROV syst
Eni names Claudio Descalzi new CEO
Eni’s Board of Directors on Friday appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to
Saipem BoD approves appointment of CEO
The Board of Directors of Saipem S.p.A. held a meeting on May 6, 2014, and confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. Umberto Vergine, born in Milan in 1957 is a Chartered Civil Engineer from Politecnico di Milano and joined Eni in 1984. Having started his career in Agip as
Lundin CEO: Encouraging appraisal results at Edvard Grieg
Lundin Petroleum AB has successfully completed the appraisal drilling and testing of the well 16/1-18 on the Edvard Grieg field in the North Sea sector of the Norwegian Continental shelf. The Edvard Grieg field was discovered by well 16/1-8 drilled in 2007. The appraisal well 16/1-18 was drilled 2.4
ConocoPhillips gets nod to use Maersk Innovator at Ekofisk
ConocoPhillips Skandinavia AS (COPSAS) has received consent to use the Mærsk Innovator jack-up drilling facility for drilling and completion of two wells at Ekofisk 2/4-M in the North Sea. The Ekofisk field was discovered in 1969 and is the oldest of the oil and gas fields in production on the Nor
Fastnet Oil & Gas Names New CFO
Fastnet Oil and Gas plc, the E&P company focused on exploration acreage in Africa and the Celtic Sea, has appointed Will Holland to the Board of Directors as Chief Financial Officer, with immediate effect. Holland has over 20 years of experience in the oil and gas business, primarily gained in Afric
Centrica to plug and abandon Butch East well
Faroe Petroleum announced that drilling has reached target depth on the Centrica-operated Butch East exploration well 8/10-5S and a subsequent up-dip appraisal well 8/10-5A, the first of two back-to back-wells in Licence PL405, following up the Butch Main discovery (Faroe 15%). The Butch East explor