Fossil Energy
Fritz Schur Steps Down as Dong Energy’s Chairman
Fritz Schur is stepping down as chairman of the Board of Directors of Denmark’s Dong Energy, after nine years at the helm. Yesterday, the Danish Parliament’s Finance Committee approved the final implementation of the investment agreement between the Danish State, DONG Energy, Goldman Sachs, Arbejdsm
Huntington Oil Field Resumes Production
Production from the Huntington offshore oil field, located in the UK sector in the North Sea, has resumed, Iona Energy has reported. Production was restricted from January 15th due to the Voyager Spirit FPSO storage tanks being full and extreme weather preventing the shuttle tanker connecting for of
Governor Parnell Disappointed by Shell’s Decision to Drop Drilling Offshore Alaska
Alaska’s Governor Sean Parnell is disappointed by Shell’s announcement that it will not be exploring off Alaska’s coast in 2014. “Today’s news is extremely disappointing for Alaska, but certainly understandable given the recent Ninth Circuit Court ruling,” Governor Sean Parnell said. “Multiple years
Huisman Builds Pipelay Systems for Five Offshore Vessels
Huisman, a Dutch specialist in lifting, drilling and subsea solutions, currently has five new built pipelay systems out on the quayside of their production facility in Schiedam, The Netherlands. These “high five” showcase the latest in pipelay technology and underline the added value of the new prod
New Board Chairman at Wood Group
Wood Group announces the appointment of Ian Marchant as Chairman of the Board following the retirement of Allister Langlands at the end of the Annual General Meeting, scheduled for 14 May 2014. Ian has been a director of Wood Group since 2006 and has been senior independent non-executive director si
Douglas-Westwood: Deepwater Expenditure to Increase 130 Pct
Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period, totalling $260 billion (bn) from 2014 to 2018, with growth driven primarily by Africa and the Americas. Douglas-Westwood (DW) has launched the 12th edition of its World Deepwater Market Forecast 2014
Damen to Repair Two KNOT’s Shuttle Tankers
Damen Shiprepair Brest (France) received a booking for the dry-docking and repairs of two shuttle tankers managed by Knutsen NYK Offshore Tankers A/S. The 88,109 GRT sister vessels Karen Knutsen and Sallie Knutsen expect to arrive end February and Middle of March respectively. Damen Brest’s Managing
Danish Parliament Approves Goldman Sachs’ Investment in Dong Energy
The agreement on capital increase in DONG Energy has been approved by the Danish Parliament’s Finance Committee
PWA-ProSep Helping Clients Increase Oil Recovery
Houston headquartered oil, gas and water treatment specialist, PWA-ProSep has secured contracts worth $10.5million this year for technologies to be delivered to clients operating in Africa, Norway, Malaysia, South America and the USA. The company, which offers a life-cycle portfolio of patented solu
Oil & Gas UK Boss: We Are Not Drilling Enough Wells
Deloitte earlier this week issued a report in which it said only 47 exploration and appraisal wells were drilled on the UK Continental Shelf (UKCS) in 2013, compared with 65 in 2012 Malcolm Webb, chief executive of Oil & Gas UK, an organisation representing the UK offshore oil and gas industry, said
Aker Solutions, Cargotec Complete Pusnes Transaction
Aker Solutions has completed the sale of its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion ($ 288 million) The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the global off
Kongsberg Confirms Contract for Petrofac’s New Derrick Lay Vessel
Kongsberg has confirmed it has been appointed as the supplier and integrator of all electrical, telecom and integrated control systems for the new Petrofac JSD 6000 deepwater derrick lay vessel. The vessel will be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China for Petrofa
Hugh McClure to Oversee Dana’s Development Projects
Dana Petroleum has appointed Hugh McClure as Director of Capital Development Projects to oversee all future and existing operated assets.
iSURVEY Group Opens Offshore Division (UK)
iSURVEY Group has announced the launch of a new offshore division as part of UK growth plans. iSURVEY Group, a Norway-based provider of survey and positioning services to the global oil and gas and telecommunications sectors , is establishing a new Aberdeen-based entity supporting clients operating