Fossil Energy
Det norske: Johan Sverdrup development concept agreed
Det norske oljeselskap ASA announces a good first quarter 2014. The development of the Ivar Aasen field is on schedule. Fabrication of the living quarters, steel jacket and platform deck is ongoing. A development concept has been agreed for the Johan Sverdrup field. The development of the Ivar Aasen
Aker Solutions reports increased revenue in 1Q
Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered b
Dolphin’s ‘Polar Marquis’ wins 3D seismic contract
Dolphin Geophysical has been awarded a further 3D seismic contract for the ‘Polar Marquis’ to acquire approximately 3.000 sq km in the Black Sea with immediate mobilisation when the vessel is taken on Time Charter, in the middle of May 2014. Atle Jacobsen, CEO commented: “Dolphin is on track deliver
Shah Deniz offshore installation contract awarded
The Shah Deniz consortium announce a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz S
Top Side Offshore Technology introduces ComPro+ Offshore Communication System
Top Side Offshore Technology has launched a new Offshore Communication System ComPro+, based on GSM technology, that bridges the gaps in communication offshore. Built on a private GSM network covering the full offshore installation, ComPro+ facilitates Communication over voice and data, Lone Worker
‘Island Commander’ continues working for ConocoPhillips
Island Offshore’s ‘Island Commander’ has been awarded a contract extension from ConocoPhillips for a period of one year. This means that the vessel will be on a firm contract until June 2015, with further options until 2018. Island Commander was delivered from Vard Brevik in 2009 and went directly o
Allseas to lay second line of South Stream Offshore Pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Shell 1Q earnings decrease to USD 4.5 billion
Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2014. The first quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $4.5 billion compared with $8.0 billion for the first quarter 2013. First quarter 2014 CCS earnings incl
Statoil to plug and abandon well in PL 090
Statoil Petroleum AS, operator of production licence 090, is in the process of concluding drilling of wildcat well 35/11-17. The well was drilled about one kilometre south of the Fram field in the North Sea. The well’s primary exploration target was to prove petroleum in Middle Jurassic reservoir ro
TGS to start Barents Sea seismic reprocessing project
TGS announces a 2D seismic reprocessing project in the Barents Sea Southeast in preparation for the Norwegian 23rd licensing round. The underlying data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum Directorate (NPD) and covers an area of more than 18,000 km. TGS has been applying t
Tullow sells UK assets to Faroe Petroleum
Tullow Oil plc announces that its subsidiary Tullow Oil SK Limited has entered into an agreement to sell 53.1% of its Schooner unit interest (currently 93.1%) and 60% of its Ketch asset (currently owned 100%) in the UK Southern North Sea to Faroe Petroleum (U.K.) Limited. The total consideration is
BOURBON revenues increase
BOURBON announced first quarter 2014 financial results where the Company confirms its objective of 8-10% growth in revenues for 2014 with a slight increase in the EBITDAR/revenue margin. BOURBON 2014 1st quarter revenues were €320.0 million , an increase of 7.9% at constant exchange rates (2.9% at c
Aker Solutions divides into two
Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications a
GDF Suez: First major piece of infrastructure sails out to Cygnus
GDF Suez E&P UK has reported that the latest milestone in the Cygnus gas field project took place as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve and WYE structures’ journey to the Cygnus site in the So