Fossil Energy
Farstad Sells ‘Far Grimshader’ PSV
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the Far Grimshader platform supply vessel. Delivery of the 1983-built vessel to the new owner has taken place today, Friday 7 February 2014. Sale of the vessel will give a booked profit of around NOK 15 million (US
Baker Hughes: International Offshore Rig Count Down by 4 in January
Baker Hughes Incorporated announced today that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302, down 4 from the 306 counted in De
Deltamarin to Design Kraken FPSO
Deltamarin has signed a contract with Bumi Armada for the basic design of a floating production, storage and offloading (FPSO) unit. In November 2013, the Malaysia-based international offshore oilfield services provider, Bumi Armada, announced that they have secured a contract to supply the unit to
Gazprom Considers Nord Stream System Expansion
The Gazprom headquarters hosted a meeting between Alexey Miller, Chairman of the Company’s Management Committee and Matthias Warnig, Managing Director of Nord Stream AG on 5 February. The parties addressed the possibility of building up capacities of the Nord Stream gas transmission system via the B
ATP UK, IOG to Submit Blythe Field Development Plan in 3Q, 2014
The previously announced acquisition of ATP Oil & Gas UK shares by Alpha Petroleum (UK) Holdings Limited is scheduled to complete on Monday 10th February. The news has been reported by Independent Oil and Gas Plc (IOG), a partner in the ATP UK-operated Skipper and Blythe licences in the UK North Sea
UK: Rochelle Frustrates Endeavour
Weather in the North Sea continues to be a challenge for service vessels to perform the work necessary to get Rochelle back on production
Statoil to reduce capex by $5 Billion
Statoil’s fourth quarter and preliminary 2013 results and capital markets update Statoil’s fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today’s Capital Markets Update, Statoil presents its plan for reduced capital expenditure
Subsea Expo: Award Winners Revealed
A host of successes within the subsea sector were celebrated last night (Wednesday 5th February) at Subsea UK’s ninth annual awards ceremony, which celebrates outstanding achievement across the UK. Sponsored by Forum Subsea Technologies, the dinner, which was attended by over 800 people, closed the
ROVOP Wins New Enterprise Accolade at Subsea UK
The business success of subsea specialist ROVOP has been industry applauded after the company won the New Enterprise accolade at last night’s (Wednesday 5 February) Subsea UK business awards. Subsea UK’s coveted New Enterprise award, which represents the fourth industry accolade that ROVOP has won,
Gazprom, Lukoil Team Up to Prevent Offshore Oil Spills
Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Ravil Maganov, First Executive Vice President of LUKOIL signed a Cooperation Agreement on prevention of and response to emergencies caused by oil and petroleum product spills in the locations of the companies’ offshore faciliti
Bibby Offshore Named Company of the Year at Subsea Expo (UK)
Subsea installation contractor, Bibby Offshore, won the Company of the Year award at the 2014 Subsea Expo Awards on Wednesday 5 February 2014. Celebrating the highest performing companies and individuals in the subsea energy sector, winners were announced at the awards ceremony held at the Aberdeen
Premier Oil to submit Catcher FDP next week. FPSO supplier selected
Premier Oil today announced it has selected a preferred bidder for the Catcher Floating Production Storage Offloading unit. The company said that it was a long and tough competition between three FPSO suppliers, but did not reveal who the successful bidder was, adding that it was in the process of f
Gazprom to Invest $287M in Sakhalin Region in 2014
The Gazprom headquarters hosted a working meeting on Tuesday between Alexey Miller, Chairman of the Company’s Management Committee and Alexander Khoroshavin, Governor of the Sakhalin Region. The meeting noted a significant amount of Gazprom’s investments in the Sakhalin Region –the Company’s capital
Statoil Awards Sleipner ISP Contract to Bilfinger
Statoil has awarded Bilfinger Industrier Norge a contract for the provision of insulation, scaffolding and painting (ISP) services on an offshore platform in the Sleipner gas field. In doing so, the energy company has exercised an option under a framework contract which it signed with the Bilfinger