Fossil Energy
Østensjø Rederi Takes Delivery of World’s Most Environmentally Friendly PSV
Edda Ferd was today delivered from Astilleros Gondan yard in Spain to Østensjø Rederi. The vessel will in a couple of days sail for Aberdeen, where it will be delivered to Shell UK Ltd. on a long-term charter. Edda Ferd has a host of innovative solutions onboard, and has been designed with focus on
Shipping Magnate Blystad Leaves Songa Offshore Board
Songa Offshore SE announces that Arne Blystad yesterday resigned from his position as Director with immediate effect. Blystad is an independent investor, who owns and operates shipping and investment activities through a group of companies. Blystad is a Norwegian citizen and resides in Oslo, Norway.
Chevron Puts Off Rosebank Project. Cameron Continues Work on Equipment
Cameron, a provider of subsea solutions for the offshore oil and gas industry, was advised of Chevron’s decision to defer its Rosebank project while it works with partners to improve the project economics. Cameron had announced receipt of an award from Chevron for OneSubsea early in the third quarte
Ampelmann Buys Dutch Offshore Solutions
Ampelmann, the Dutch-based leading supplier of Motion Compensated Gangway (MCG) systems to the offshore energy sector has expanded its global footprint through the acquisition of Dutch Offshore Solutions. Financial details for the transaction were not disclosed. Ampelmann provides systems to safely
29th Greenpeace Activist Released from Prison in St. Petersburg
Phil Ball from Oxford in England today became the 29th Greenpeace detainee to be granted bail and released from detention in St Petersburg. Only Australian Colin Russell remains behind bars in Russia for his part in a protest at a Gazprom-operated Arctic oil platform in September. Phil Ball’s brothe
No Future without Fossil Fuels, Statoil CEO Says
“We have to live with fossil fuels as the dominant part of the energy mix for decades,” says Statoil’s President and CEO Helge Lund at the 2013 Autumn Conference. “The big question is therefore how to make production cleaner than today, and make consumption more efficient. This is not simply a task
‘Rem Etive’ Stays with Fugro for Three More Years
Norwegian owner of offshore support vessels Rem Offshore has secured contracts for Rem Etive and Rem Supplier. Rem Offshore ASA have extended the current charter for Rem Etive with Charterer Fugro TSM for another 3 years firm taking the firm charter period into late May 2017 with a further 2 yearly
BP, Topaz Agree $100M PSV Charter Deals
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announces the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately US$ 100 million. Topaz has acquired two European built Platform S
Songa Offshore Raising Cash for Cat D Rigs
Songa Offshore SE has today proposed a comprehensive refinancing by way of raising up to USD 425 million in new capital. The amount would be raised by way of a combination of a fully guaranteed equity issue through a private placement with gross proceeds in the amount of approximately USD 250 mill
Statoil, NASA Work Together on O&G Research
Statoil and the National Aeronautical and Space Administration (NASA) have formed a partnership to explore how technologies and knowledge from the space and oil and gas industries can be relevant to one another. Statoil and NASA have formed an agreement to explore a wide range of technologies to ass
Wintershall to Link Maria Field to Statoil’s Platform
Wintershall and the two license partners Petoro AS and Centrica Resources (Norge) AS have a preferred solution for the development of the Maria field in the Norwegian Sea. According to the solution, the reservoir would be linked to the already existing infrastructure nearby via an underwater install
Top News of The Week October 18 – 23, 2013
Top News of The Week October 18 – 23, 2013
Aker Solutions Divests Well Intervention Services Business
Norway’s Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion (USD 658 Million). The agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate
Statoil Gets Nod to Use Songa Delta for Drilling at Svalin C
The Petroleum Safety Authority Norway (PSA) has given approval to Statoil for the use of Songa Delta rig for drilling and completion works at Svalin C field. The consent applies to drilling and completion at Svalin C of wells 25/11-H-4 H / AH / BH and 25/11-H-3 H / AH. The planned start-up is Decemb