Fossil Energy
Lundin begins appraisal drilling at Edvard Grieg field
Lundin Petroleum AB has announced that drilling of appraisal well 16/1-18 on the Edvard Grieg field located in the North Sea sector of the Norwegian Continental Shelf (NCS), has started.
Awilco earns $31.6M in 4Q, 2013
Awilco Drilling PLC reported contract revenue of USD 61.4 million (USD 62.3 million in Q3), EBITDA of USD 40.5 million (USD 46.3 million in Q3) and net profit of USD 31.6 million (USD 36.6 million in Q3). In the fourth quarter Awilco Drilling had rig operating expenses of USD 16.3 million. General a
Air2Work to seize new business opportunities with new CEO at helm
Energy sector breathing equipment specialist Air2Work appointed the new CEO Kevin O’Connor in Aberdeen, and confirmend an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore. Air2Work markets and services breathing a
Sir Ian Wood’s proposals need fast-track execution, Dana CEO says
Dana Petroleum has welcomed the publication of the final report by Sir Ian Wood on maximising recovery in the UKCS. The report UKCS Maximising Recovery Review was commissioned by the UK Government in June last year. Graham Scotton, Dana’s acting Chief Executive said: “Dana welcomes the publication o
Antrim Energy gets more time to submit Fyne FDP
Antrim Energy Inc., a Canada-based international exploration and production company, has informed that the UK Department of Energy and Climate Change (“DECC”) has agreed to amend the terms of UK Central North Sea Licence P077 Block 21/28a to allow for a Field Development Plan (“FDP”) for the Fyne Fi
CEMT awards Bureau Veritas for hydrodynamics research
A team from the Research Department of Bureau Veritas has won the prestigious 2013 CEMT Award in recognition of their research in the field of hydrodynamics. The award is presented by the Confederation of European Maritime Technology Societies for research which makes a significant and valuable cont
Senergy joins Plexus’ subsea wellhead JIP
Plexus Holdings PLC announced that Senergy Holdings Limited has signed up as an additional Consulting Partner to Plexus’ on-going Joint Industry Project (‘JIP’) to develop and commercialise a new and safer subsea wellhead, utilising Plexus’ patented POS-GRIP technology. This follows previous news re
Seadrill 3Q net income at $315M
Seadrill has reported that its consolidated revenues for the third quarter of 2013 were US$1,280 million compared to $1,268 million in the second quarter of 2013. The increase is primarily due to the inclusion of Sevan Drilling and jack-up rigs AOD II and West Tucana, and tender rigs T-15 and T-16 e
Wood Group wins $500M contract from Talisman Sinopec (UK)
Wood Group PSN (WGPSN) has been awarded its first major contract in the UK in 2014. The five year contract extension from Talisman Sinopec Energy UK is valued at $500 million USD and includes an option for two additional, two year extensions. Under the scope, WGPSN will provide engineering & modific
Kongsberg marks 50th delivery of HAIN Reference System
Kongsberg Maritime has delivered its 50th HAIN (Hydro Acoustic aided Inertial Navigation) Reference System, to long-time HAIN user, Ocean Rig. HAIN significantly improves reference data accuracy and update rate sent to Dynamic Positioning (DP) systems to support safer, more reliable and efficient of
Record order intake for Vard
Vard Holdings Limited , one of the major global designers and shipbuilders of offshore and specialized vessels, today announced its fourth quarter and full financial year 2013 (“4Q2013” and “FY2013”) results ended 31 December 2013. Record order intake translates into improved visibility as order boo
Oil & Gas UK welcomes Sir Ian Wood’s report
Oil & Gas UK has welcomed Sir Ian Wood’s final report, published today , setting out his recommendations and strategies for maximising the economic recovery of the country’s remaining oil and gas resource. Commissioned by DECC last year to conduct an independently led review of oil and gas activity
Shell moves ahead with Peterhead CCS project
Shell has signed an agreement with the UK Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design. The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power station in Aberdeenshire, aims to capture 10 million tonn
Rosneft and Mitsui sign MOU
Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and man