Fossil Energy
Production from Huntington oil field interrupted
Production from the Huntington field in the UK has been interrupted since 12 April whilst work is undertaken to replace a number of couplings that are part of the inert gas system on the floating production and storage unit. Noreco, a Norway-based oil company with a stake in the field, said that acc
Ocean Installer, FlexTech enter flexible pipe installation deal
Flexible pipe specialist FlexTech has signed a contract for flexible pipe installation with Ocean Installer in a £500,000 deal. Aberdeen-based FlexTech will deliver the detailed design of a flexible pipe installation spread as well as installation analysis and project support to Ocean Installer, a
Reef Subsea splits into three
Reef Subsea has announced a re-organization to create three independent companies; Reef Subsea, X-Subsea and Technocean Subsea, all with separate management and independent strategies. Reef Subsea was created in 2010 in a joint venture between the oil and gas private equity investor HitecVision and
PSA Norway in Draugen platform inspection
On 26 and 27 February 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of the dewatering system on Draugen production platform in the Norwegian Sea. The objective of the activity was to obtain more information concerning the implementation of the dewatering system, and the anal
Mediterranean Oil & Gas: 1Q revenue in line with expectations
The Board of Mediterranean Oil & Gas Plc announces the following operational update for the three months ended 31 March 2014. MOG’s total net production for Q1 2014 was 4.23 MMscm (equivalent to 0.15 Bcf, or 26,875 boe). This represents average net production of 46,975 scm per day or 299 boe per day
Technip sells Seamec stake to Hal Offshore
Technip has announced today that it has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited to HAL Offshore Limited, India at a consideration of Rs 97 per share (translating to €20 million for 51% stake and up to 29 million for 75% [&hell
Ireland O&G 2014 summit to serve as platform for networking
The 2nd Annual Ireland Oil & Gas 2014 Summit, organised by London leading business-intelligence group International Research Networks, will take place in Dublin on 4th-5th June. Following the success of the first edition, 200 senior level delegates from existing and potential operators in the Irish
Veripos to co-host offshore positioning workshop
Veripos has announced that the company will be co-hosting an Offshore Positioning Industry Workshop – The latest Position Monitoring Technology, Radisson Blu, Ålesund, Norway, May 22, 2014. This industry event is aimed at Captains, owners, operators and DPOs and is a free one-day user workshop focus
Aquaterra Energy to build Drill Centre Templates for Premier’s Catcher
Aquaterra Energy has been awarded a contract to design and build six Drill Centre Templates (DCT) for Premier Oil’s Catcher Development in the UK North Sea. The complete DCT contract is worth up to £10 million. The contract was awarded following pre-qualification and tender management by the Aquater
8.500t Hejre jacket loaded on a barge
Heerema Fabrication Group at Vlissingen, The Netherlands, has today successfully placed an offshore jacket, bound for the Hejre field in Denmark, onto a Heerema barge. The 60 x 35 x 85 m jacket, weighing 8.500t, is being built by Heerema for Technip as a part of the platform which will be installed
Noble’s spinoff Paragon Offshore names Senior VP and CFO
Noble Corporation plc today announced that Steven A. Manz has been appointed to the position of Senior Vice President and Chief Financial Officer of Paragon Offshore Ltd., the standard specification offshore drilling company to be created upon separation from Noble. He will report to Randall Stilley
UK Energy Minister visits Nigg yard to see Cygnus project progress
UK Energy Minister Michael Fallon today visits Nigg fabrication yard, a key construction site for the Cygnus project, the largest Southern gas field in the North Sea to be approved and developed in the past 25 years. A partnership between GDF Suez, Centrica and Bayerngas, the Cygnus project is worth
Gulfmark Offshore CEO excited about what 2014 has in store
GulfMark Offshore, Inc. today announced its results of operations for the three-month period ended March 31, 2014. For the first quarter ended March 31, 2014, revenue was $119.6 million, and net income was $16.6 million, or $0.63 per diluted share. Quintin Kneen, President and CEO, said, “I am excit
Severn Glocon wins Enterprise, International Trade award
Valve engineering specialist Severn Glocon Group has been awarded a Queen’s Award for Enterprise, International Trade for the second time in four years. The award recognises the British manufacturer’s three year trajectory of continuous growth in overseas sales. Between 2010 and 2012 international t