Fossil Energy
Senergy S&G to support GDF Suez in Cygnus’ offshore construction phases
Senergy’s Survey & GeoEngineering group has been awarded a major contract to support GDF SUEZ E&P UK Ltd in the forthcoming offshore construction phases of its major Cygnus gas project. Senergy S&G has provided survey project management and geosciences engineering consultancy services on the project
RWE Dea expands in Caspian region, signs JSA with Socar
RWE Dea has signed a Joint Study Agreement with the State Oil Company of the Azerbaijan Republic (SOCAR). Both companies will evaluate the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea in close cooperation. The Joint Study Agreement was signed between SOCAR and RWE Dea regard
Cargotec, NIB enter eight-year loan agreement
Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totalling EUR 50 million for financing the acquisition of Aker Solution’s mooring and loading systems unit finalised at the end of January 2014. The mooring and loading systems unit provides mooring equipment, l
Shell’s employee to ‘demystify petrophysics’ at SPE Aberdeen
Alan Johnson, principle petrophysicist at Shell UK and SPE Aberdeen Board Member, is set to ‘demystify petrophysics’ at a Society of Petroleum Engineers (SPE) Aberdeen event this week. Johnson, who joined Shell in 2001 as a petrophysicist and has been working in the oil industry for 39 years, will o
NES to propel Fafnir Offshore’s new PSV
Norwegian Electric Systems (NES) supplies the complete diesel electric system including the QUEST® system to Fafnir Offshore’s next vessel. NES recently got the contract for the hybrid battery diesel electric propulsion system for hull no. 126, a HD833 WE ICE platform supply vessel, with delivery in
Floatel to issue $650 mln term loan
Floatel International Ltd is contemplating issuing a $650 million term loan maturing May 2020. The net proceeds from the loan will be used to refinance existing project finance loans for Floatel Superior, Floatel Reliance and Floatel Victory as well as existing $200 million bond. Floatel has concurr
Statoil divests part of Shah Deniz and South Caucasus Pipeline interest
Statoil has completed the farm-down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestment that was
Pacific Drilling delivers fifth consecutive quarter of increasing revenue
Pacific Drilling S.A. announced revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Net income for first-quarter 2014 was $22.2 million or $0.10 per diluted share. Net income
SeaBird Exploration reports 33 per cent revenue decrease in Q1
SeaBird Exploration PLC has announced its financial results for the first quarter of 2014. 2014 SUMMARY OBSERVATIONS FOR THE FIRST QUARTER – Revenues for the quarter were $33.7 million, a decrease of 33% compared to the comparable period in 2013 and down 13% relative to Q4 2013. – Contract revenues
EnerMech lands Gullfaks job from Technip
EnerMech will provide Technip in Norway with equipment and personnel on two offshore campaigns for Leak Testing (RFO Services) of the Gullfaks Future Oil Export Loading system in the Norwegian North Sea. The contract award follows the appointment of the EnerMech’s PPU (Process, Pipeline & Umbilicals
Download Norwegian Continental Shelf Factbook ‘Facts 2014’
In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy in Norway has published a new edition of its annual book on the Norwegian petroleum sector, Facts 2014. The publication gives a comprehensive overview of the petroleum activity on the Norwegian continental
Two Scottish firms team up to create Scotoil Offshore Services
Two oil and gas suppliers have announced a new joint venture which is to create about 10 jobs in Aberdeen. Environmental management specialists Scotoil Services has amalgamated with design and manufacturing firm BME UK Ltd to create Scotoil Offshore Services Ltd (SOS). The companies, each having 20
OTC 2014: Scotland’s Oil & Gas skills and expertise in high demand globally
New figures released today as part of Scottish Development International’s Survey of International Activity in the Oil & Gas Sector show that international activity now accounts for more than half of total oil & gas supply chain sales from Scotland, totalling a record 50.2 percent. The companies sur
Pinsent Masons hires marine employment law specialist
International legal firm Pinsent Masons has appointed a new Partner who specialises in employment law relating to shipping and marine matters. Katie Williams advises oil and gas companies engaged in offshore supply, construction, diving, drilling and well intervention, and shipping companies providi