Fossil Energy
TAQA Completes Maintenance of North Cormorant Platform
The UAE-based operator TAQA has restarted production from its UK North Sea fields after completing maintenance works on the North Cormorant platform. Antrim Energy Inc, Taqa’s partner, today said that the output from the Causeway Field in UKCS P1383 Block 211/23d (Antrim working interest 35.5%) and
Putin Launches Gas Production from Kirinskoye Field
The Onshore Processing Facility (OPF) of the Kirinskoye gas and condensate field in the Sakhalin Region hosted an official ceremony dedicated to the first gas production and its transmission system testing. Taking part in the ceremony were Alexey Miller, Chairman of the Gazprom Management Committee,
Wintershall Opens Bergen Office
Wintershall is continuing to expand its offshore expertise: a new team of staff recently began coordinating the Norwegian offshore production of Germany’s largest internationally active crude oil and natural gas producer from Bergen. The new office was officially opened yesterday together with the m
New Contracts for Rowan EXL III and Rowan Stavanger
Rowan Companies plc has announced it has secured new contracts for two of its offshore rigs. Jack-up rig Rowan EXL III has been awarded an estimated 285-day contract with Freeport-McMoRan in the Gulf of Mexico starting mid-October 2013 at a standby rate of $150,000 per day and then at $180,000 per d
Kvaerner Eyeing New Contracts in Norway and Abroad
Kvaerner reported operating revenues of NOK 3 383 million in the third quarter 2013, compared to NOK 2 430 million in the third quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 166 million, compared to NOK 109 million in the same quarter last yea
Prosafe: 3Q Fleet Utilisation at 91 Pct
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the third quarter of 2013 was 91 per cent, with ten vessels; Safe Scandinavia, Regalia, Safe Caledonia, Safe Bristolia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and S
Inpex Granted New Exploration Licence Offshore Shetland
Japan’s oil company Inpex has announced it was successful in the 27th Seaward Licensing Round in UK, and was granted an offshore Exploration Licence P2019 in the North Sea, jointly with Centrica Resources Limited Centrica), a subsidiary of Centrica plc, a UK-listed energy company and Statoil (U.K.)
Ensco Quarterly Earnings at $619 Million
Ensco plc has reported that diluted earnings per share increased 9% to $1.62 in third quarter 2013 from $1.48 a year ago. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings last year by $0.07 per share. Diluted earnings per sh
Lundin Receives Approval to Drill Exploration Well in PL 410 (Norway)
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/5-5, in the Norwegian sector of the North Sea. Well 16/5-5 will be drilled from the Bredford Dolphin drilling facility in position 58°38’25.93’’ north 02°20’54.42’’ east in production licence 410. The dril
Fred. Olsen Production Expects Increasing FPSO Demand
Fred. Olsen Production reported its operating revenues in Q3 2013 were USD 29.4 million (USD 28.4 million in Q3 2012) with an EBITDA of USD 12.3 million (USD 14.5 million). After depreciation of USD 7.2 million (USD 7.1 million) the operating profit (EBIT) was USD 5.1 million (loss USD 7.4 million).
Kongsberg Expands Offshore Engine Room Training Scope
Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available, while the DE66 Drill Ship model, simulat
Fairmount Delivers Ocean Valiant Rig from Cameroon to Canary Islands
Fairmount Marine’s tug Fairmount Summit has delivered rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit has towed the rig from offshore Cameroon over a distance of almost 3,000 miles. The Ocean Valiant is a semi-submersible drilling rig owned by Diamond Offshore Dr
DONG Energy Reaches 100,000 Boepd Milestone (Denmark)
DONG Energy, Denmark’s largest energy company, now sends more than 100,000 barrels of oil and gas to shore each day from the North Sea and the Norwegian sea on a daily basis. A milestone has been achieved. DONG Energy now extracts more than 100.000 barrels of oil equivalents – oil and gas converted
Saab Seaeye Revives ‘Sea Owl’ ROV
The first 360° ROV to work in any orientation – even upside down – has been re-launched by Saab Seaeye. The Sea Owl concept, successfully introduced by Saab in the 1980s, has been completely re-engineered with new chassis, advanced technology content and increased work capability. Now named Sea Owl