Fossil Energy
Polar Onyx Launched at Ulstein Yard
GC Rieber’s Polar Onyx was recently launched at Ulstein Verft, and is now a ready for the final outfitting stage at the yard. GC Rieber has a charter agreement with Ceona Services (UK) Limited for its high capacity subsea newbuild for a fixed period of 5 years, with options for up to five years. The
Veripos Awarded “Rising Star” Prize (Belgium)
Veripos Inc. was successful in winning the “Rising Star” award at the European Small and Mid-Cap Awards Ceremony in Brussels on the evening of 19 November 2013. The Awards, which are sponsored by the European Commission, are designed to promote the best practices and success stories of the most dyna
Spike Exploration to Buy Remaining Bridge Energy Shares
Spike Exploration has launched compulsory offer for remaining Bridge Energy shares. Reference is made to the announcement dated 13 November 2013 in connection with settlement of the voluntary offer from Spike Exploration Holding AS to acquire all shares in Bridge Energy ASA not already owned by Spik
Breagh Production to Remain Shut for Two Months
After RWE Dea last week announced that production from the Breagh offshore field had been shut due to a number of mechanical issues, Sterling Resources today said it could take up to 8 weeks for production to resume. Sterling Resources Ltd. announced today that the key physical investigative work ha
VIDEO: OPITO Calls for Common Global Training Standards in Oil&Gas Industry
OPITO is heightening its campaign for common global training standards across the oil and gas industry to dramatically improve safety with the launch of a short film. https://www.youtube.com/watch?v=TJkXuysJAM4&feature=player_embedded Following its world premiere at the OPITO Safety and Competence
Centrica Orders POS-Grip Wellhead System for North Sea Well
Plexus Holdings PLC has received an order from Centrica to supply its POS-GRIP wellhead system (5,000 psi) and services for the GROVE 49/10a-4 (G1) production well in the southern North Sea. The contract is worth up to £850,000 with revenues expected to start in the first quarter of Plexus’ 2014 fin
Total Gets Drilling Permit for North Sea Well (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Total E&P Norge AS a drilling permit for well 25/5-8, in the North Sea part of the Norwegian Continental Shelf. Well 25/5-8 will be drilled from the Leiv Eiriksson drilling rig at position 59°37’05.65” north and 02°23’44.48” east. The drilling pr
Atlantic Offshore Wins Two Charter Contracts
Atlantic Offshore, a Norway-based provider of offshore support vessels, today announced it has entered into two charter deals. Nexen UK has awarded Ocean Tay supply vessel a 2 year firm contract + up to 12 months options, with start up in December 2013. Ocean Tay is present in Sunderland underlying
South Stream Transport: Pipeline Will Not Harm the Environment (Bulgaria)
South Stream Transport has published the Bulgarian Environmental Impact Assessment (EIA) Report. The EIA Report contains the findings of the environmental studies for the construction and operation of the Bulgarian Sector of the South Stream Offshore Pipeline, and concludes that the environment will
Statoil to Pay Oseberg C Penalty
Norway’s Statoil has decided to accept the NOK 10 million (USD 1.6 million) fine imposed on the company for sending 180 cubic metres of wash water with chemicals and scale stored on board the Oseberg C platform with the oil flow to Sture by mistake in May 2011. Wash water is defined as hazardous was
Eni Fires Up Supercomputer
Italian oil giant Eni has fired up its new Petaflop class supercomputer. The supercomputer will support hydrocarbon exploration activities, providing the computing capacity needed to improve the accuracy and resolution of the geophysical and geological studies, which are essential to locate and deve
Prosafe’s Jasminia Rig Awarded New Contract in Mexico
Prosafe has been awarded a contract extension for its Jasminia accommodation rig in Mexico. Mexico’s Cotemar group has confirmed that Jasminia has been awarded a contract from end November this year until end December 2015. The contract value is approximately USD 32.7 million. The Jasminia was bui
Rialto Energy Appoints CFO
Rialto Energy announces that Andrew Rose, currently Interim Chief Financial Officer, has been appointed Chief Financial Officer of Rialto Energy. Andrew’s appointment will be effective 1 December 2013, and is subject to passing of the resolutions concerning adoption of the new Performance Rights Sha
CEPSA Launches $2.2 B Coastal Energy Takeover Bid
Coastal Energy Company announced today that it has entered into a definitive merger agreement providing for the acquisition by Compañia Española de Petroleos, S.A.U. (“CEPSA”) of all of the issued and outstanding shares of Coastal at a price of C$19.00 per common share in cash. The purchase price re