Fossil Energy
Bilfinger continues work on BP’s North Sea platforms
The engineering and services group Bilfinger has again secured an extension of the contract with BP for the maintenance of oil and gas production facilities in the Norwegian part of North Sea. In the coming two years, the company will deliver extensive corrosion protection, insulation and scaffoldin
Statoil hits gas column in Barents Sea
Statoil Petroleum AS, the operator of production licence 532 in the Barents sea, is in the process of completing the drilling of the Kramsnø prospect (well 7220/4-1). The well has been drilled about 11 kilometres northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea and about 247 kil
Petrobras hires i-Tech for subsea intervention services
Subsea 7 S.A. today announced through its i-Tech division two awards by Petrobras for remote intervention services with a combined value in excess of US $90 million. The contract scope is for the provision of two Remotely Operated Vehicles (ROVs) and underwater positioning services onboard two ROV S
Chevron, Farstad agree long term charters for two AHTS vessels
Farstad Shipping, an owner of offshore support vessel from Norway, has secured a contract extension for two of its vessels in Australia. The company has announced that Chevron Australia has declared their option to extend the contract for the AHTS Far Saracen and the AHTS Far Shogun for another 38 m
Noreco’s 2P reserves at 15.6 mmboe
Norwegian Energy Company has published its Annual Statement of Reserves. The Noreco group’s total proven and probable (2P) oil and gas reserves at the end of 2013 were 15.6 million barrels of oil equivalents, compared to 21.9 mmboe the year before. The group’s net production for the year was 1.5 mmb
Premier Hytemp expands management team
Premier Hytemp, a manufacturer of engineered alloy components for the oil and gas industry, has announced the appointments of two experienced industry professionals to its senior management team.
Sterling’s interim CEO becomes permanent
Sterling Resources has informed that Jacob S. Ulrich, previously Chair and Interim CEO, has been appointed by the board of directors of the Company s permanent CEO with immediate effect. The company added that, to ensure the most effective corporate governance, Ulrich has stepped down as Chair of th
Douglas-Westwood: $99 B will be spent on floating production units by 2014
Douglas-Westwood’s NEW World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion will be spent on floating production systems – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa, commented, “FPSOs will form the largest segment of
Ocean Rig CEO hopes ‘market softness’ will not last for long
Ocean Rig UDW Inc. recorded a net income of $39.7 million, or $0.30 basic and diluted earnings per share, for the three-month period ended December 31, 2013, as compared to a net loss of $71.0 million, or $0.54 basic and diluted losses per share, for the three-month period ended December 31, 2012. T
Heerema creates 250 new jobs in Hartlepool yard
Iain Wright, Shadow Minister for Industry and MP for Hartlepool, UK yesterday welcomed the 250 extra jobs created by the Cygnus gas development. Cygnus, which represents an investment of around £1.4billion by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas, is the largest souther
Statoil increases equipment reliability with GE’s software
Statoil embraces predictive analytics for condition monitoring of heavy rotating equipment. Comprehensive solution provides early warning of impending failure, and deep insight into overall equipment health. GE Intelligent Platforms has announced that Statoil has chosen GE’s Proficy® SmartSignal pre
Eidesvik Offshore worker found dead in North Sea
An Eidesvik Offshore worker died in the North Sea accident on Sunday, around 200 kilometers northeast of Stavanger, Norway. According to Nordlys.no, the man from Tromso was found floating near the Leiv Eiriksson semi-submersible drilling rig, operating for Total oil company. Total is using the rig t
Muehlhan secures loan for expansion
Britain’s marine surface protection company is planning further expansion from its base in Aberdeen after securing new banking facilities from Clydesdale Bank. Muehlhan Surface Protection Limited began trading in 2003 and is 100% owned by Muehlhan AS, a German quoted company with around thirty busin
Nordic Energy identifies 20 prospects in Denmark
20 prospects and leads have now been identified, representing a significant increase from the 8 previously reported