Fossil Energy
Lloyd’s Register Energy – Drilling Recognized with Queen’s Award
Aberdeen’s Lord Lieutenant George Adam, acting on behalf of Her Majesty the Queen, presented ModuSpec Engineering UK Limited, now Lloyd’s Register Energy – Drilling with the Queen’s Award for Enterprise in International Trade award to mark its sustained business expansion. Lloyd’s Register Energy –
Boa Offshore to Refinance Debt via Bond Loan
Boa Offshore AS is contemplating to issue a new unsecured bond loan in the Norwegian bond market with maturity in December 2018. The purpose of the loan is refinancing of existing debt and for general corporate purposes. In conjunction with the contemplated bond issuance, Boa Offshore AS will cons
UK: Independent Firms Receive Record Number of Oil & Gas Licences
UK independent oil and gas companies will be incentivised to invest and undertake additional exploration, as Government awarded a further 52 oil and gas licences today, bringing the total number of offers of awards in the 27th Round to 219 – an all-time record. The offers included licenses being awa
Fabricom Receives $115M Slaipner Field Contract
Statoil has awarded Fabricom AS a two-year option agreement for maintenance and modification on the Sleipner field in the Norwegian North Sea, starting August 2014. The estimated total value of the contract is calculated to 700 MNOK ($115 million). The option is part of a 2010 framework agreement to
Bridge Energy Delisting from Oslo Børs
Oslo Børs has received an application from Bridge Energy ASA, an oil and gas exploration and production company, for delisting of the company’s shares. Pursuant to Continuing Obligations section 15.1 (4) cf Stock Exchange Act section 25 (1), Oslo Børs has today made the following resolution: “The sh
Subsea Engineering & Training Specialist Jee Ltd to Double Staff
Independent subsea engineering and training company Jee Ltd yesterday announced the expansion of its Aberdeen office as part of the firm’s vision for strategic growth, with the potential of increasing staff numbers by 110% in Aberdeen city and Shire. The new ‘Subsea Corridor’ premises are more than
Last Greenpeace Activist Released on Bail by St. Petersburg Court
Australian activist Colin Russell has been granted bail today by a St. Petersburg court, the last of the Arctic 30 detainees to be ordered released on bail after taking part in a protest at a Gazprom-operated Arctic oil platform in September. He has spent 71 days in detention. Like those of the Arct
Dolphin Energy, Nord Stream Exchange Subsea Pipelines Expertise
Dolphin Energy Limited today announced it had signed a Memorandum of Understanding (MOU) with Nord Stream AG, the company that is providing a new natural gas supply route from Russia to Europe. The MOU was signed in the presence of Dolphin Energy’s General Managers in the UAE and Qatar, Ibrahim Ahme
Palfinger Expands through Double Acquisition
The PALFINGER Group finalized the contracts for two acquisitions. The majority takeovers of Palfinger systems GmbH and the Megarme Group will expand PALFINGER’s portfolio for the shipping and offshore industries as the Group will henceforth provide access and working systems meeting the special dema
Lundin to Use ‘Island Innovator’ for North Sea Wildcat
Lundin Norway AS has received the PSA Norway approval to use the Island Innovator drilling rig in the Norwegian sector of the North Sea. The company will use the rig to drill and perform production testing of wildcat well 25/10-12 in production licence 625. Drilling is planned to begin in December,
Noreco’s 3Q Net Loss Deepens
Norwegian Energy Company ASA (Noreco) today presents its third quarter 2013 report, with a negative EBITDA of NOK 284 million and a net loss of NOK 569 million for the period. The results for the quarter were marked by a number of significant one-off write-offs and write-downs related to exploration
Prospector Offshore Completes Sale of Jack-Up Rig to Seadrill
Prospector Offshore Drilling S.A. has completed the previously announced sale of an under-construction jack-up rig. Reference is made to the Company’s announcement on 15 November 2013, regarding the agreement with Seadrill Jack-up Holding Ltd., a subsidiary of Seadrill Limited, for the sale and purc
New Contracts for Scana Propulsion
Scana Industrier ASA has through its subsidiary Scana Propulsion in November signed new contracts where one contract is for delivery of a propulsion systems to Kleven Verft, and two contracts are for delivery of tunnel thrusters to Nordic Yards and Guangzhou Salvage Bureau. The contracts have a tota
Maersk Training Names UK Managing Director
Maersk Training announced today that the company appointed Stuart Cameron as UK Managing Director. Cameron, who was previously managing Maersk Training in Newcastle, will now oversee both UK training centres in Aberdeen and Newcastle, and will be responsible for driving further the company’s expansi