Fossil Energy
Bumi Armada loans $750M for Kraken FPSO
Bumi Armada has secured a loan to finance construction of the Kraken FPSO, a unit which will mark the company’s entry to the North Sea oil and gas market. Malaysia-based international company, Bumi Armada Berhad announced that its wholly-owned subsidiary, Armada Kraken Pte Ltd (“Armada Kraken”) has
‘Jumbo Javelin’ arrives at Damen Shiprepair Rotterdam
In the early morning of Friday March 28, 2014 the Jumbo J-Class heavy load carrier “Jumbo Javelin” arrived in Dock 7 of Damen Shiprepair Rotterdam for repairs and 2nd special survey. The “Jumbo Javelin” is the first of four Heavy Load Carriers, all built by the Romanian Damen Shipyards at Galatz. Th
PD&MS, Harlen invest in rig and subsea services facility in Scotland
PD&MS Energy and specialist fabrication and engineering firm Harlen have committed £2.5million of investment towards a new state of the art rig repair and subsea fabrication facility in one of Scotland’s premier ports. The 38,750sq ft facility on Princess Alexandra Wharf at Port of Dundee is expecte
Bibby Offshore opens ‘The Hangar’
Award-winning subsea installation contractor, Bibby Offshore, has further expanded its operations in Westhill, Aberdeenshire, with the opening of a purpose built workshop and warehouse facility this month. Named, The Hangar, the building has been leased for 15 years and has in excess of 50,000 squar
Malta: Minister of Transport visits seismic vessel
Malta’s Minister for Transport and Infrastructure, Joe Mizzi, visited the seismic vessel Artemis Atlantic while it was berthed at Valletta Harbour on 26th March. Following the visit, the vessel enter upon a seismic survey to the North of Malta. The seismic survey is part of the contractual obligatio
AGR drills northernmost wells in Norway for OMV
AGR was assigned by OMV to drill a well in the Barents Sea. As a result of establishing different drilling targets and challenging reservoirs, the operation ended with two wells drilled with the Leiv Eiriksson rig. AGR delivered the Wisting wells with no major delays and excellent results achieved i
Ithaca Energy reaches record earnings
Ithaca Energy Inc. releases its financial results for the twelve months ended 31 December 2013, independently assessed year-end reserves and an operations update. Les Thomas, Chief Executive Officer commented: “2013 marked a step-change in the development of the Company. Production, cashflow and res
BP discusses oilfield digitalisation at SPE Intelligent Energy 2014
BP will draw from the success of its innovative Field of the Future® programme and pose challenging questions of the industry on the future aspirations for the digital oilfield at SPE Intelligent Energy 2014 in Utrecht, from April 1-3. Under the theme empowered by real time® integrated data, BP will
Most popular articles of the week, March 24 – 30, 2014
Read the most popular articles of the week: World’s largest jack-up rig, biggest FSRU, Myanmar offshore awards, Greenpeace rig-climbers, Gulf of Mexico spar platform.
Repsol approves YPF compensation agreement
Repsol’s Annual General Meeting today ratified the agreement reached with the Government of Argentina which recognises the company’s right to receive $5 billion in compensation for the expropriation of 51% of YPF and YPF GAS and stipulates guarantees for effective payment as well as the termination
Havyard ready to go public
Havyard, a Norwegian provider of offshore ship design, shipbuilding technology, ship equipment and systems and services to the international oil and gas industry, today filed for listing on the Oslo stock exchange. According to information from the stock exchange, Oslo Børs has received a request fo
Briggs Marine expands by forming new diving division (UK)
One of the UK’s leading marine contractors, Briggs Marine, has continued its expansion of specialist services by launching a new in-house commercial diving division. Briggs Marine has appointed Alistair Blue as Dive Superintendent to head up the new division. Alistair, an ADC certified Air Diver, ha
Eni reduces stake in Galp Energia
Italian oil companyEni S.p.A. has successfully completed the placement of 58,051,000 ordinary shares corresponding to approximately 7% of the share capital of Portugal’s Galp Energia SGPS S.A. (“Galp”) . The aggregate consideration of the Offering amounted to approximately € 702.4 million. The Offer
Rolls-Royce to propel Volstad’s offshore construction vessel
Rolls-Royce has won a contract to deliver a unique package of advanced ship equipment for a new offshore construction vessel currently being built in Turkey for the Norwegian ship owner Volstad Shipping AS. The contract is worth approximately £13.5 million to Rolls-Royce. The package includes the ne