Fossil Energy
Johan Sverdrup Partners to Decide on Development Concept in Early 2014
Statoil ASA and the partners in the Johan Sverdrup oil field in the North Sea continue their work to evaluate and optimise the field development concept. As announced in February 2013 a concept selection was scheduled to be agreed within the partnerships of PL501, PL265 and PL502 (the “partnership”)
DOF Wins $64.6 M Worth of New Vessel Contracts
DOF has been awarded a new 3 year contract from Fugro Subsea Services Ltd. for Skandi Olympia. The contract will start in March 2014. Fugro Subsea Services Ltd. has the right to extend the contract with 2 additional years in addition to the 3 year firm period. DOF has signed two one year contracts w
UTEC to Laser Scan Shearwater Platform
UTEC StarNet has announced that the company is currently performing laser surveys on the Shearwater platform in the North Sea. The survey work follows on from a recently-completed project on the Shell Gannet platform and involves use of cutting edge technology to digitally capture, in high detail, a
Ross Offshore, Det norske Sign Borgland Dolphin Agreement
Ross Offshore today announced a new contract award with Det norske oljeselskap. The new contract is in addition to the existing Frame Agreement between the companies. The new contract is specified towards the exploration well PL 553 Kvitvola within the NCS 5 Consortium on Borgland Dolphin. Ross Offs
Total Increases Ownership in Valleys Offshore Block
Norwegian Energy Company (UK) Ltd, a fully owned subsidiary of Norwegian Energy Company ASA, has entered into an agreement to sell 35 percent of UK license P2032 (Valleys) to Total E&P UK. After this transaction, Noreco will keep a 15 per cent interest in the license. According to the agreement, Tot
‘Noble Bully I’ Receives ‘Global Floating Rig of the Year’ Award from Shell
The “Noble Bully I” was awarded by Shell with this year’s Global Floating Rig of the Year award, recognizing her as the best performing floating rig for Shell worldwide in 2013, Huisman has announced. The “Noble Bully I” is the first drillship featuring the Huisman Dual Multi Purpose Tower. Huisman
Aibel Builds Subsea Compressors Testing Facility for Statoil
Aibel has built a new Kårstø testing facility for Statoil which is designed to test subsea compressors. This week the pilot compressor was hoisted into place in the test pool. “Yes, it was lifted into place on Tuesday morning. It weighs 265 tons, and represents an important milestone for the project
Atlantic Petroleum Acquires Interest in Barents Sea Block
Atlantic Petroleum has reached an agreement with Det norske oljeselskap ASA to acquire a 10% interest in the Norwegian Licence PL659 in return for carrying a share of the cost of the upcoming exploration well. The agreement is subject to approval by the Norwegian authorities. Det norske is the opera
Kongsberg K-SIM DP Simulator Receives Class A Certification from DNV
The latest version of K-Sim DP, a Dynamic Positioning (DP) Manoeuvring simulator from Kongsberg Maritime, has received the prestigious Class A Certification from Det Norske Veritas (DNV). This makes it compliant with the highest DNV standard for DP simulators according to Standard of Certification o
Chevron Hires ‘Blackford Dolphin’ for North Sea Drilling
Dolphin Drilling Ltd has entered into a contract for a minimum period of 572 days with Chevron North Sea Ltd for work in the UK sector of the North Sea with the semi -submersible Blackford Dolphin. The contract is expected to start early second quarter 2015 in direct continuation from previously ann
Transocean Receives Two Drilling Contracts Worth $292 M
Transocean Ltd. last night issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since November 18, 2013. The total value of new contracts since the November 18, 2013 Flee
Technip Provides Life of Field Services to North Sea Operators
Technip was awarded four contracts by Shell UK, Fairfield Energy, Ithaca Energy and TAQA during 2013. As the longevity of fields represents a key challenge for the energy industry, Technip aims to deliver a suite of subsea maintenance services including inspection, repair, maintenance, decommissioni
‘Aquila Explorer’ to Carry Out Seismic Survey in the Far East
SeaBird Exploration Plc has announced that the Aquila Explorer seismic vessel has been awarded a 2D contract in the Far East region. The contract has an estimated duration of about 60 days and an estimated value of approximately USD 8 million. Startup is expected early January 2014. SeaBird is a glo
BP to Write Off $1.08 B on Pitanga Well Miss. Hails 2013 Exploration Success
BP today said that 2013 had been its most successful year for new field exploration for almost a decade. During the year, BP has participated in 15 completed wildcat exploration wells which have resulted in seven potentially commercial discoveries, giving a new field exploration success rate of over