Fossil Energy
OMV buys UK offshore fields from Hess
Austria’s OMV is expanding its position in the UK core area. Agreement has been reached with the U.S. based oil and gas company, Hess to acquire four licenses in West of Shetland (WoS), UK, including the field Cambo and the Blackrock prospect. OMV CEO Gerhard Roiss: “This transaction further strengt
NAVTOR signs e-navigation fleet deal with DOF
E-navigation specialist NAVTOR has signed a e-navigation fleet agreement with DOF Management, the owner and operator of 78 advanced offshore service vessels. The deal will see NAVTOR’s innovative and user-friendly ENC service rolling out across DOF’s high-end CSVs, PSVs and AHTS vessels, which opera
Statoil awards ROV contract to IKM Subsea
IKM Subsea has been awarded a contract by Statoil to provide ROV services at the Gina Krog field.
Statoil discovers gas near Visund
Statoil Petroleum AS, operator of production licence 120, has concluded the drilling of wildcat well 34/8-17 S. The well was drilled on the northeast flank of the Visund field, in the northern part of the North Sea. The well’s primary exploration target was to prove petroleum on the east flank of th
Jumbo nabs Western Isles Development Project job
On Tuesday 12th of March Jumbo signed a Contract with Subsea 7 for the provision of the FPSO Mooring Piles and Ground Chains Installation for the Dana Western Isles Development Project (WIDP). Installation of the mooring piles and chains will be done by Jumbo’s Fairplayer, a Dynamically Positioned H
Statoil gets consent for offshore loading buoys on Gullfaks
Statoil has received consent to use offshore loading buoys on the Gullfaks field in the North Sea. The consent applies to the installation and operation of the OLS 1 and OLS 2 offshore loading systems at Gullfaks. Gullfaks is an oil and gas field located on the Norwegian shelf in the North Sea. The
Wärtsilä cutting workforce in Vaasa, Finland
Finland’s Wärtsilä today announced that the consultation process with employee representatives in Finland has been concluded. The process was initiated on 29 January 2014 with the aim of reducing 200 jobs in Finland. As a result of the negotiations, the redundancy need has been confirmed to be 142
ITF, Tullow working to tackle well integrity issues
ITF, the organisation driving oil and gas industry collaborative technology development is working with Tullow Oil plc to establish a comprehensive, global wells and completions reliability database and is urging more operators to join the project. The aim of the joint industry project is to tackle
Ceona secures $290M loan to pay for new build projects
USD$290 million secured debt facility to finance its two new build projects, the Ceona Amazon vessel and the Polar Onyx Vertical Pipelay System (VLS), along with performance bonds to further support the company’s growth initiatives. The new debt facility will be used for the completion of the Ceona
Statoil gets consent for well intervention at Tune
Statoil Petroleum AS has received consent to use the Island Frontier well intervention vessel at Tune field, in the Norwegian part of the North Sea. In addition to the fields which were included in previous consents, a need has arisen for well intervention work at Tune. In response to an application
Nexen extends GSF Galaxy III contract
International drilling contractor Transocean has received a contract extension for its GSF Galaxy III jack-up rig.
Jaccar preparing Bourbon takeover offer
Jaccar Holdings is looking to take over all of Bourbon shares, the French provider of offshore support vessel for the international oil and gas industry has informed. “BOURBON has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main sh
DNV GL’s JIP works on developing offshore leak detection systems
Leak detection is a considerable challenge facing the industry and DNV GL has therefore taken the lead in establishing a new Joint Industry Project. Twenty key industry players are partnering to develop a best practice for designing and implementing offshore leak detection systems. Over the last few
Decom North Sea hosts lunch and learn event
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, is hosting a lunch and learn event to give supply chain companies the opportunity to present their offshore decommissioning capabilities and encourage knowledge share among members. It takes place on Wednesday, March 19, at the D