Fossil Energy
Hungarian MOL to Buy Wintershall’s UKCS Assets
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%) as we
Rig Maintenance Delays Muridava Drilling (Romania)
Sterling Resources Ltd. has announced the GSP Prometeu jack-up rig scheduled to drill an exploration well on the Muridava Block 27 has returned to its operations base in Constanta for completion of necessary maintenance work.
Former Australian Energy Minister Joins BG Group
BG Group today announces changes to its board with the appointment of two Non-Executive Directors and also the succession of a new Senior Independent Director. With effect from 1 January 2014, Pam Daley and Martin Ferguson will join the board as Non-Executive Directors and Dr. John Hood will succeed
HitecVision Sells Stream AS to MRC Global
HitecVision announces the sale of Stream AS to MRC Global for a total consideration of $260 million (NOK 1.600 million) on a 100% enterprise value basis. HitecVision and Converto Capital acquired Stream in 2010 through the public to private transaction of Bjørge ASA. Subsequent to the delisting, a t
SeaBird’s Voyager Explorer Contract Cancelled
SeaBird Exploration Plc has informed that a contract previously announced for the Voyager Explorer with a national oil company in the Asia Pacific region, has been cancelled after a series of delays. The contract had an estimated duration of about 110 days and start was expected mid-November. The co
Total Hires FSO from KNOT
KNOT FSO 1 AS, a wholly owned subsidiary of Knutsen NYK Offshore Tankers AS, of which NYK has a 50 percent share, has signed a time-charter contract with Total E&P Norge AS for a floating, storage, and offloading unit (FSO). For this project, a KNOT shuttle tanker will be converted into an FSO unit
Saipem Sells Firenze FPSO to Eni for $463M
The Board of Directors of Saipem S.p.A. has approved today the signing of an agreement with Eni for the sale of the Firenze FPSO (Floating Production Storage and Offloading) business line for €336 million ($463 million). The agreement will see the sale to Eni of the Firenze FPSO unit, currently depl
Heerema Begins Construction of Its Largest Jacket Ever – Gina Krog
Heerema Fabrication Group’s Vlissingen yard in the Netherlands today celebrated the ceremonial first cut steel of the Gina Krog jacket, the largest launch jacket ever built at HFG for client Statoil Petroleum AS and destined for the Gina Krog field development in the central part of the North Sea. S
East of England Hopes to Benefit from Decommissioning Boom
James Gray, inward investment director for EEEGR and the East of England Energy Zone (EEEZ), has welcomed the progress of a group set up to encourage energy businesses across the region to work together to attract as much work as possible from the predicted boom in decommissioning Southern North Sea
Ceona Hires ‘Normand Pacific’
Solstad Offshore ASA (SOFF) has entered into a contract with Ceona, where Ceona charter the CSV “Normand Pacific”. Ceona has chartered the vessel for a period of 1 year firm with an additional 1 year option. The contract begins in April 2014. The contract value is confidential between the parties,
Edinburgh College Student Wins OPITO Award. Dreams of Offshore Installation Manager Career
A young trainee who has his sights firmly set on an exciting career in the oil and gas industry has won the coveted OPITO Apprentice of the Year award. Edinburgh College student, John Paterson (22) faced competition from technicians across Scotland to win the top honour in the Upstream Oil and Gas I
Supply Vessel Crashes into ‘Maersk Innovator’ Rig
An offshore supply vessel crashed yesterday into the Maersk Innovator rig, located in the Norwegian part of the North Sea. According to the Norwegian news website Aftenbladet.no, the vessel hit the rig yesterday around 15:00. No injuries have been reported. Jacob Korsgaard, CEO of Maersk Drilling No
Flexible Pipe Specialist FlexTech Satisfied with Initial Progress
Flexible pipe specialist FlexTech has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year. Flexible pipe expert Craig Keyworth established the Aberdeen-based company in March of this year, after operating as a
Mintra to Train EnQuest UK Workers
Mintra Training Portal Limited, a leading provider of learning and competency solutions for the oil and gas industry has secured a contract to deliver training management services to EnQuest’s UK employees. The three year deal will see Mintra deliver practical, e-learning and classroom training for