Fossil Energy
Statoil: Situation at Snorre A Resolved. Workers Return to Platform
Statoil has informed that cementing of the Snorre A well in the Norwegian part of the North Sea, where the company on Saturday lost drilling fluid, is completed. “Favourable weather conditions have allowed unloading and new supply of drilling fluid has arrived on board,” Statoil said in an update. T
‘Island Pioneer’ Sold for $70 M
Island Offshore Shipholding, LP, (IOSH) today announces that Island Pioneer KS, where IOSH owns 70 %, has sold the Island Pioneer Multi-Purpose Supply Vessel for MNOK 435 (around $75 million) in total proceeds. The transaction generates MNOK 265 in liquidity for IOSH, after repayment of loans and mi
MLS Charters PSV ‘Volstad Supplier’
Volstad Shipping AS has entered into a contract with Maritime Logistic Service AS (MLS), where MLS charter the “Volstad Supplier” for a period estimated until mid-June 2014 with startup mid-January 2014. Charter hire has been set at NOK 200.000 per day. For PSV “Volstad Princess”, the contract with
Mintra to Train Oro Negro’s Offshore Workforce
Mintra Training Portal Limited, a leading provider of learning, training and competency solutions for the oil and gas industry, has won a six figure contract to deliver training management services for Mexican oil services company, Oro Negro. This contract will see Oro Negro utilise Mintra’s online
BG Group Awards Air Energi with 5-Year Framework Deal
Air Energi Group, the global workforce solutions provider for the oil and gas industry, has been awarded a global framework agreement with major operator, BG Group. The agreement will see Air Energi supply both permanent and consultant services to support BG Group’s operations in Europe, the America
Ulstein Sea of Solutions Designs Petrofac JSD 6000
Sharjah based Petrofac is to build the Petrofac JSD 6000 deepwater derrick lay vessel, a customised ULSTEIN SOC 5000 developed by Dutch design company Ulstein Sea of Solutions. The vessel will be constructed at the ZPMC yard in China and be available for construction and installation activities in e
DNV GL: Skills Crisis Is a Major Concern for North Sea Operators in 2014
New DNV GL research reveals industry hampered by skills shortages and rising costs. The North Sea and Norway have become less attractive as investment destinations in 2014, according to oil and gas professionals surveyed in a new report released today by DNV GL, the leading technical advisor to the
Statoil: Well Incident at Snorre. Workers Evacuated
Statoil has informed that on Saturday evening a situation arose in which drill fluid was lost as a new well was being drilled on Snorre A, in the Tampen area of the North Sea in Norway. While it was possible to quickly reduce the loss of drill fluid to the reservoir, adverse weather conditions creat
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Riser Incident Forces Lundin to Halt Operations on Bredford Dolphin Rig
Swedish oil and gas exploration company Lundin Petroleum has announced that an incident occurred yesterday morning at 01.45 on the Bredford Dolphin rig, offshore Norway. “There was a breach in the riser 65 metres under the deck of the rig. The safety distance to the reservoir is good which means the
Kvaerner Secures Work on the World’s Largest Spar Platform
Technip Norge AS has awarded Kvaerner a sub-contract for the Fjord Base and Support Services related to the upending and make ready for mating operations of the substructure for the Aasta Hansteen Spar platform. Kvaerner’s scope includes providing services and assistance to Technip during mooring,
Shell CEO Slams 2013 Performance
Royal Dutch Shell plc today updates on its expected 2013 results. Fourth quarter 2013 figures, which are expected to be published on January 30, 2014 , are expected to be significantly lower than recent levels of profitability, considering current oil and gas prices and the downstream oil products i
Chevron Hires GSF Arctic III for North Sea Drilling
Transocean has secured a $48 million drilling contract for its GSF Arctic III semi-submersible rig. The rig will be used by Chevron on a two-well contract in the U.K. sector of the North Sea at a dayrate of $410,000. The rig’s previous dayrate was $339,000. Furthermore, in its fleet status report is
Ezra Works on Optimising Subsea Services Business
Ezra Holdings Limited has appointed J.P. Morgan (S.E.A.) Limited to advise the Company on strategic options, aimed to optimise the international profile and competitive position of its subsea services division, EMAS AMC. Potential options include a listing in the United States of America. The Compan