Fossil Energy
Statoil to Drill 20 to 25 Exploration Wells in Norway Next Year
Statoil has announced “an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years.” Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s ex
SBM Offshore Fires COO
SBM Offshore, a Dutch FPSO specialist, confirms that effective immediately Bruno Chabas, CEO, has temporarily taken over the role of COO following the dismissal of Jean-Philippe Laures, COO. “Although no further comments can be made at this time regarding the circumstances leading up to his dismissa
Cyprus: Gov’t and Total Pen LNG Development Deal
The Republic of Cyprus (Republic) today signed a Memorandum of Understanding (MoU) in respect of the Cyprus Liquefied Natural Gas (LNG) Project with Total E&P Cyprus B.V. (Total). This follows the award in February to Total of Exploration and Production Sharing Contracts for Blocks 10 and 11 of the
VIDEO: R2S Software Reduces Need to Visit Offshore Facilities
Aberdeen based visual asset management specialists Return To Scene (R2S) will transport guests to offshore platforms, tour alien subsea environments and the virtual world of installations still in the design phase – all directly from the comfort of their cinema seats this week. Return to Scene will
Repsol Earnings Down on Libya Disruptions, Weak Refining Margins
Repsol posted net income of 1.41 billion euros in the first nine months of 2013, calculated at current cost supply (CCS), 17.4% lower than the same period of the previous year. Adjusted net income from continuing operations was 1.572 billion euros, up 9.4% from the year-ago period. The company said
GC Rieber Shipping Profit Up on Vessel Sale
GC Rieber Shipping today announced it has delivered its best quarterly result in the company’s history. The company had an overall fleet utilisation of 96 percent, corresponding to the same level in the third quarter last year. Sale of vessel has released a substantial amount of cash and GC Rieber S
Transocean Orders Five Jack-Ups from Keppel. Eyeing Five More
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5 KFELS Super B Class jackup rigs for US$1.1 billion. The rigs are scheduled to be delivered progressively from
Lundin Completes Another Johan Sverdrup Appraisal Well
Lundin Petroleum has informed that the Johan Sverdrup appraisal well 16/3-7, located in the south-eastern part of PL501, in the Norwegian part of the North Sea, is completed. Appraisal well 16/3-7 is located at the south-eastern flank of the Johan Sverdrup discovery. It was drilled approximately 3 k
Oil & Gas UK: Offshore Flights Safety Concerns Taken Very Seriously
Oil & Gas UK has released a response with regards to the Unite’s ‘Back Home Safe’ campaign which calls for immediate improvements to the safety of offshore flights. “Oil & Gas UK acknowledges the concerns raised by the Unite Union and takes them very seriously. Oil & Gas UK is working closely with S
Scott Replaces Scott as Sevan Drilling CEO
The Board of Sevan Drilling has today announced that Scott McReaken will succeed Scott Kerr as Chief Executive Officer of Sevan Drilling ASA.
Qatargas, Centrica Pen £4.4 Bln Gas Sales Deal
Centrica plc, the parent company of British Gas, today announced it has entered into a 4 ½ year LNG supply agreement with Qatargas for the purchase of up to 3 million tonnes per annum of liquefied natural gas (LNG). The £4.4billion deal builds on Centrica’s existing agreement with Qatargas, signed i
Sir Robert Smith Hails Proserv’s Apprenticeship Program
Sir Robert Smith Bt, MP has visited market leading production technology services company Proserv to see how the firm develops the engineers of tomorrow. At Proserv’s test and assembly base at Birchmoss, near Echt in Aberdeenshire, the MP for West Aberdeenshire and Kincardine took a tour of the faci
CLS Offshore Buys Fabrication Facility with Barclays’ Support
Barclays has supported CLS Offshore Limited with a £2m loan through the Funding for Lending Scheme to purchase their unique quayside fabrication facilities and business premises at Gorleston, Great Yarmouth. In addition to the aforementioned loan, Barclays has also provided various trade finance fac
Competentia Delivers Consulting Services to Statoil
The consulting company Competentia has secured their first frame agreement with Statoil regarding the delivery of technical consulting services within the field of drilling and well technology as well as exploration and petroleum technology, mainly for Statoil’s Norway operations. The contract durat