Fossil Energy
Fastnet Gets More Time to Decide on Celtic Sea Drilling
Fastnet Oil & Gas Plc has been notified by the Irish Department of Communications, Energy and Natural Resources that Licensing Option 12/3 (“Mizzen”) and Licensing Option 12/2 (“Molly Malone”) in the Celtic Sea have been extended for a further 18 months so that the further agreed work programme can
Noble’s Spinoff Paragon Offshore Gets CEO
Noble Corporation plc has announced that Randall D. (Randy) Stilley has been selected to serve as president and chief executive officer of Paragon Offshore, the standard specification offshore drilling company to be created upon separation from Noble. “The Board of Directors is pleased that Randy wi
Aubin Group, Flexlife Cooperate on Oil and Gas IM Solutions
Offshore chemical engineering specialist Aubin Group has formed a co-operation agreement with subsea flexible pipe specialist Flexlife to create an industry first in subsea integrity management (IM). Aubin Integrity, a division of Aubin Group, and Flexlife are working together to provide full-servic
North Sea Energy Inc. Withdraws from Jacky Field
North Sea Energy Inc. is withdrawing from the Jacky field in the UK sector of the North Sea. The company yesterday announced it had signed an agreement with Ithaca Energy (UK) Limited and Dyas UK Limited , whereby under the terms of the Agreement, North Sea Energy agrees to withdraw from the Jacky F
STATS Group Appoints Two New Directors (UK)
Pipeline engineering specialist, STATS Group, has appointed two new directors as part of a strategy to increase its international presence in key oil and gas regions. The newly created roles see Dave Vernon promoted to Director of Isolation Services and Dale Millward promoted to Director of EPRS & S
MacGregor Wins AHC Subsea Cranes Order from IHC Merwede
MacGregor, part of Cargotec, has won an order worth around EUR 23 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK-headquartered global offshore specialist, Subsea 7. Delivery of the c
GE Oil & Gas Enhances Subsea Manufacturing Facility in Aberdeen
GE Oil & Gas has invested £4m into its subsea manufacturing facility in Aberdeen, Scotland, leading to the creation of 20 new jobs across 2014. This follows the recruitment of 30 new employees at the site last year, with the investment also expected to contribute to an increase in output, allowing t
Siri Area Fields Back In Production
Thursday the 28th of January, the oil tanker Siri Knutsen was connected via pipelines to three of the Siri area’s four oil fields, offshore Denmark. Thus, E&P is again able to produce from the Siri area, and yesterday Nini East delivered the first oil drops. The fields in the Siri area have not been
Ensco Sells Two Cold-Stacked Jack-Up Rigs
Ensco plc has sold its two remaining cold-stacked jack-up rigs for $33 million. The net book value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million, which will be included in first quarter 2014 operat
Songa Offshore: High Operational Efficiency in January
Songa Offshore, an international offshore drilling company, has announced its rig fleet update for January 2014. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational
Eni CEO, Turkmen President Discuss Caspian Sea Exploration Potential
Eni’s CEO, Paolo Scaroni, has today met with the President of Turkmenistan, Gurbanguly Berdimukhamedov, in Asgabat to discuss Eni’s projects and activities in the country with a particular focus on potential new offshore exploration activities in the Caspian Sea. During the meeting, they also discus
KBR to Design Heerema’s New Semisubmersible Crane Vessel
KBR announced today it has been awarded a contract for the basic design development for Heerema Offshore Services’ large new semisubmersible crane vessel (NSCV) through its subsidiary GVA. A member of KBR’s Hydrocarbons Business Group, GVA completed seven months of feasibility and conceptual studies
CRC-Evans Opens Offshore Division HQ in Alness, Scotland
CRC-Evans Pipeline International, Inc. (CRC-Evans) – an international leader in pipeline construction technologies and product development – celebrated the official grand opening of its new Offshore Division Headquarters in Alness, Scotland on the morning of Tuesday, January 28. Guests included CRC-
Sevan Marine Acquires Technology for Offshore LNG Transfer
Sevan Marine ASA has acquired the technology rights of TORP LNG AS and its affiliates. This acquisition gives Sevan Marine ownership of the proprietary HiLoad technology for offshore loading of LNG (Liquefied Natural Gas). The HiLoad technology was originally developed for offshore loading of crude