Fossil Energy
Expro receives safety award from Italian oil company Eni
The UK-based oilfield services company, Expro, has won the Eni safety award for well testing services at a ceremony held by the Italian operator in San Donato, Milan. The award recognises a contractor that has reached the best results in the field of safety, while working with eni. The judges based
XER signs MOU with Teekay for FSO at Bentley field
Xcite Energy has entered into a Memorandum of Understanding with Teekay Shipping Norway AS, which sets out the principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading facility for the life of the Bentley field. XER and Teekay intend to work together on an e
EMGS Q1 vessel utilisation rises to 66%
Electromagnetic Geoservices ASA has provided the summary of vessel activity and utilisation for the first quarter of 2014. EMGS defines “vessel utilisation” as the percentage of the vessel charter period spent on contracted or multi-client data acquisition. Vessel utilisation for the first quarter 2
Statoil: Gudrun field worth the wait (VIDEO)
At 07.25 on 7 April, Statoil and its partners (GDF SUEZ and OMV) started production on the Gudrun oil and gas field in the North Sea. “Gudrun is the first new Statoil-operated platform to come on stream on the Norwegian continental shelf since 2005. This is a red-letter day for the company,” says Ar
Alfa Laval buys Frank Mohn AS for $2.16 Billion
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has signed an agreement to acquire Frank Mohn AS, a leading manufacturer of submerged pumping systems to the marine and offshore markets. The acquisition, which strengthens Alfa Laval’s fluid handling portfolio
Tullow refinances credit facility
Tullow Oil plc (Tullow) has refinanced its US$500 million corporate revolving credit facility and has successfully increased the size of the facility to US$750 million and extended the tenor to April 2017. The arrangement is a fully committed, secured and revolving credit facility and replaces the p
EMGS hired by North Energy for North Sea survey
Electromagnetic Geoservices ASA (EMGS) has received a Letter of Award (LOA) from North Energy ASA for a contract of NOK 20 million (USD 3.3 million) for 3D EM data acquisition over and in the vicinity of license PL509S in the North Sea, offshore Norway. “This contract means that EM is becoming accep
Dolphin enjoys high-demand for its seismic vessels
Norwegian seismic survey specialist Dolphin Geophysical today said it re-positioned the operative seismic vessels in end of 2013 and has achieved high vessel utilization and good performance on theseismic fleet which provided the company with historical high total revenues of $80 million for the fir
ION, Polarcus to shoot seismic offshore Ireland
ION Geophysical Corporation is collaborating with Polarcus to acquire a new 4,000 sq. km. 3D multi-client seismic survey offshore southwest Ireland, the first major survey of the significantly underexplored deep-water Southern Porcupine Basin. Drilling results in the area have proven the existence o
Scottish oil worker shot dead in Brazil
An oil worker from Scotland has been killed in a carjacking attempt in Rio de Janerio, Brazil. According to the Aberdeen-based Press and Journal, a Diamond Offshore employee Peter Campsie, 48, from Angus, Scotland was shot dead in a municipality of Niteroi, Wednesday, April 2, as two robbers tried t
Most popular articles of the week, March 1 – 6, 2014
Read about new FPSO in Africa, a prison sentence for an oil company CEO, world’s largest offshore platform, offshore oil computer game, big job boom in North Sea, Kulluk drillship grounding etc
HitecVision raises $1.9 B for further investments
HitecVision, the leading European private equity investor focused on the oil and gas industry, has received commitments of USD 1.9 billion for its new fund HitecVision VII L.P., exceeding the USD 1.5 billion target. The strong interest from existing and new investors attests to HitecVision’s value c
Oil & Gas UK: There is an undeniable skills shortage within the industry
Oil & Gas UK has issued a response to the reports that the oil and gas sector could create up to 39,000 jobs in the UK over the next two years, according to new research released today by the Bank of Scotland. Dr Alix Thom, Oil & Gas UK’s employment and skills issues manager, says […]
Rosneft to begin aerial gravity-magnetic survey in Eastern Arctic
Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Ole