Fossil Energy
PSA: The operators must join forces in the North
A steady, northward move by the Petroleum industry will present new challenges for transport and rescue capacity in the Barents Sea that features big distances and little infrastructure. The far North has been defined as a main priority for the PSA in 2014. Now that the petroleum industry is moving
Oil companies should think cooperatively, say NEA and PSA (Norway)
Technological development and knowledge sharing are crucial for conducting prudent operations and avoiding adverse environmental impacts in the northern reaches of the Norwegian Continental Shelf. “The precautionary principle is fundamental now that petroleum activities are advancing further and fur
PSV ‘Sea Springer’ delivered to Deep Sea Supply
Deep Sea Supply has taken delivery of the Platform Supply Vessel “Sea Springer” of PX 105 design from Sinopacific Shipyard. The vessel is owned by a company which is 50% owned by Deep Sea Supply and 50% by BTG Pactual. The vessel’s main characteristics are the size of 4700 dwt, 1000 m2 deck area, cl
Maersk oil releases environmental report
The Environmental Report 2013 covering Maersk Oil’s oil and gas activities in the Danish North Sea is now available. “Across the business, activity levels were high at Maersk Oil Danish Business Unit in 2013. This was largely due to increased maintenance to safeguard production at our older platform
No production buoy for Fyne development
Enegi, the independent oil and gas company, provided an update on its marginal field initiative through its joint venture, ABT Oil and Gas (‘ABTOG’), with Advanced Buoy Technology (ABTechnology) Limited. This update provides further information on the development of the Fyne field and details of the
Statoil selects location for new head office in UK
Statoil has chosen Prime Four Business Park in Kingswells, Aberdeen as the location for its new operations centre and head office for development and production activities on the United Kingdom Continental Shelf (UKCS). Prime Four Business Park is currently under development, approximately five mile
Shell drops Ormen Lange subsea compression project
The Ormen Lange partners have decided to postpone the Offshore Compression Project for Ormen Lange field, and stop the ongoing concept select work. The partners have been working towards a concept select decision for offshore compression, either a subsea compression solution or a tension leg platfor
PSA inspects Åsgard subsea compression project
On 18 February 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of the Åsgard subsea compression project at Aker Solutions in Egersund, Norway. The objective of the audit was to acquire a status update for the project and to review the equipment that will be produced in Egersun
Statoil strikes oil, gas in North Sea (Norway)
Statoil Petroleum AS, operator of the production licences in the Valemon Unit, has concluded the drilling of wildcat wells 34/10-54 S and 34/10-54 A in the Norwegian part of the North Sea, the Norwegian Petroleum Directorate has announced. The wells proved oil and gas. The wells were drilled about s
Leni pays for going to court with MOG
On 27 March 2014, the Commercial Court handed down judgment in the legal case brought by Leni Gas & Oil Plc and Leni Gas & Oil Investments Ltd (“LGO”) against MOG’s subsidiary Malta Oil Pty Limited. The court found that LGO’s case failed. According to MOG, on 3 April, Justice Males further held that
NPD: March production figures less 2 pct from February
Norwegian Petroleum Directorate has announced that preliminary production figures for March 2014 indicate an average daily production of about 1 913 000 barrels of oil, NGL and condensate. This is 37 000 barrels per day (about 2 percent) less than in February 2014. Total gas sales were about 10.5 bi
National Oilwell Varco to create 45 jobs in Scotland
Global oil & gas services firm National Oilwell Varco is to expand its significant industrial presence in Scotland with the creation of 45 new jobs at its Glenrothes facility, First Minister Alex Salmond announced Tuesday. The Houston-based company, which already employs more than 1,700 people at th
Wärtsilä opens electrical & automation test centre in Norway
Finland’s marine equipment specialist Wärtsilä inaugurated its new electrical & automation test centre in Stord, Norway on 9 April. The new facility is one of the largest test centres in Europe dedicated specifically to electrical and automation systems for marine and offshore applications. The fa
EnQuest sells $650M of senior notes
EnQuest PLC has completed its offering of $650 million aggregate principal amount of 7.0% senior unsecured notes due 2022 at par. Interest will be payable semi-annually. The Notes, the net proceeds of which will be used for general corporate purposes, will be senior obligations of the Company and