Fossil Energy
Faroe Spuds Novus Well
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the UK and Norway,has announced the spudding of the Faroe-operated Novus (PL645) well no. 6507/10-2S in Norway. The Novus prospect is located some
Top News of The Week November 4- 9, 2013
Top News of The Week November 4-9, 2013
Johan Sverdrup Partners Propose Gas Pipeline to Kårstø
The partners in Johan Sverdrup field, in the Norwegian sector of the North Sea, have recommended that associated gas from the field be piped to the Kårstø facility. This has been confirmed by Statoil on behalf of the partnership. Gas transport forms part of the choice of development concept for Joha
Oil & Gas UK Awards 2013 Winners Revealed
The winners of the Oil & Gas UK Awards 2013, sponsored by Shell U.K. Limited, have been announced. All five were presented with their awards at a ceremony in Aberdeen on 7 November, where over 600 people from across the oil and gas industry and from throughout the United Kingdom gathered to celebrat
Aqualis ASA Buys Aqualis Offshore
Aqualis ASA (formerly Clavis Pharma ASA) has today successfully completed the acquisition of 100% of the shares in Aqualis Offshore Ltd., a specialized offshore marine and engineering consultancy group, for NOK 70 million. The acquisition has been settled though the issue of 43.75 million shares, at
Wood Mackenzie: Lack of Water is a Risk to Global Energy Industry
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, according to Wood Mackenzie’s latest research report “Troubled waters ahead? Rising water risks on the global energy industry”, which utilizes data and maps fr
New Seismic Vessel Launched in Flensburg Shipyard
Flensburg: Where once it was ferries that gave Flensburger Schiffbau-Gesellschaft its international reputation for excellence, now it is ultra-modern special ships.
Welltec Opens Factory in Esbjerg, Denmark
Welltec has today entered into an agreement to establish a purpose-built manufacturing facility in Denmark’s energy capital Esbjerg. The facility is expected to be operational at the end of 2014 with a staff of 25-35 employees. The new facility will increase Welltec’s manufacturing capacity within t
OSM Offshore to Operate Heidrun FSU
OSM Offshore has agreed to enter into a 6 years contract with Norwegian energy company Statoil Petroleum AS to operate the Heidrun FSU. The Heidrun FSU is currently being built by Samsung Heavy Industries at the world’s second-largest shipyard in Geoje Island, Republic of Korea and is expected to be
Lamprell Confirms Caspian Sea Rig Delivery
Lamprell has completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group. The rig has now been delivered to the client and was recently towed out from the Astrakhan re-assembly yard to start operations on its first contract else
Rem Offshore Secures Two PSV Charters
Rem Offshore ASA has entered into a contract with a major oil company for the charter of the PSV-vessels “Rem Server” and “Rem Supporter”. The contract applies for the summer season 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to start around Ma
Profitable 3rd Qarter for Pacific Drilling
Pacific Drilling S.A. today announced revenue of $193.2 million for the three months ended September 30, 2013, as compared to revenue of $176.8 million for the second quarter of 2013 and $172.0 million for the third quarter of 2012. Net income for the third quarter of 2013 was $30.3 million or $0.14
Oil Major Hires Siem Offshore Trio
Norwegian offshore shipping player Siem Offshore has secured contract for three of its offshore vessels with a “major oil company.” The company did not reveal the name of the client, but it revealed the names of the vessels and the financial value of the whole deal. The ships hired are two AHTS vess
Stork Subsea Division Welcomes ‘Edradour’
Stork Technical Services (Stork), the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors are delighted to announce a further £2 million investment in their new daughter craft The Edradour. The Edradour will be delivered to t