Fossil Energy
Norway: January oil production above NPD forecast
The Norwegian Petroleum Directorate has announced preliminary production figures for January 2014. The figures indicate an average daily production of about 1 948 000 barrels of oil, NGL and condensate. This is almost the same as in December 2013. Total gas sales were about 9.9 billion Sm3, which is
Artificial Lift moves to new headquarters in Houston
Artificial Lift’s President and Chief Executive Officer David Malone announced the company has moved its headquarters from Great Yarmouth, United Kingdom to Houston, Texas. Artificial Lift Company is an oil and gas service company situated in the Westchase District near the Energy Corridor. The comp
Wärtsilä to equip Mariner field FSU with pumps
Finland’s Wärtsilä, the marine industry’s provider of innovative products, solutions and services, has signed a contract for a range of pumping solutions for a new Floating Storage Unit (FSU) which will operate on the Mariner oilfield in the North Sea. Wärtsilä’s contract was signed in late 2013 wit
Aasta Hansteen, Polarled create 200 jobs in Northern Norway
The Aasta Hansteen and Polarled development projects will have significant spinoff effects in the north of Norway. So far the projects are set to ensure jobs for 200 people on the Helgeland coast. “Aasta Hansteen is a pioneer project in Northern Norway. It is the deepest field development on the Nor
Aquatic’s offshore personnel gets health and safety training
Aquatic Engineering & Construction Ltd has worked with Survivex, a specialist in health and safety training provider, to create a bespoke course for its offshore teams who work at height using harnesses. Aquatic’s modular reel drive systems can stand up to 7m high when assembled, and the company’s o
Kvaerner sees revenues grow in 2013
Kvaerner, a Norwegian provider of engineering, procurement and construction (EPC) services, has announced full year 2013 operating results. Kvaerner experienced growth in revenues and margins in the fourth quarter of 2013 compared to the fourth quarter 2012. Also for the year 2013, Kvaerner improved
Hyundai Heavy awards Aasta Hansteen platform job to Kvaerner
Hyundai Heavy Industries (Hyundai) has awarded Kvaerner a sub-contract to provide services for onshore and offshore hook-up and commissioning assistance for the topsides for the Aasta Hansteen project. The onshore-work will be carried out at Stord and the offshore scope will be done at the field in
First Subsea introduces new solution for pipeline recovery
First Subsea Ltd, has announced the integration of Hyperlast™ 101 Twin Sealing system with its range of pipeline recovery tools (PRT) used to recover subsea flowline and gas export production pipelines to the surface. The twin polyurethane seals increase the PRT’s resilience and scope for long-term
DOF signs three new contracts for its vessels
Norwegian owner of offshore support vessel DOF has been awarded contracts for three of its vessels. The company today said that the contracts were secured by its subsidiaries DOF Rederi AS and Waveney AS. Under the contract, the Skandi Fjord construction support vessel, has been hired by Saipem Amer
Wartsila’s power and propulsion for Axis Offshore’s new rig
Wärtsilä has signed a repeat integrated solution order with the Cosco (Qidong) Offshore Co. Ltd shipyard covering another DP3 Dynamically Positioned offshore accommodation rig being built for Singapore based Axis Offshore. The Wärtsilä solution includes the main power generation system, the propulsi
OGN receives process module contract (UK)
OGN Group, the North-East of England offshore engineering, procurement and construction (EPC) specialist, has been awarded a prestigious multi-million pound contract by a leading international oil & gas operator for the construction of a new 800te process module in the North Sea. A workforce of up t
GDF SUEZ orders Plexus’ technology for its North Sea well
Plexus Holdings has received a purchase order worth an estimated £1.5 million ($2.4 M) from GDF SUEZ E&P UK Ltd to supply its POS-GRIP wellhead system for exploration activities in the UK Central North Sea. The new purchase order is for the second of two wells as announced on 23 May 2013 which forme
ABB net income down by 13 pct (Switzerland)
ABB today reported record full-year revenues and higher operational EBITDA, net income and free cash flow despite a challenging market environment. The Board of Directors has proposed to increase the dividend for 2013 to CHF 0.70 per share. “These solid results, delivered in a mixed business climate
Foster Wheeler, AMEC reach agreement on takeover offer
Foster Wheeler AG today announced that it has entered into a definitive agreement with AMEC plc pursuant to which AMEC will make an offer to acquire all the issued and to be issued share capital of the Company. Under the terms of the offer, AMEC will offer to exchange for each outstanding share of F