Fossil Energy
DeepOcean Charters Subsea Installation Vessel
DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has entered into a five and a half year charter agreement starting March 2016 for a new build installation vessel. This key enabler will enhance DeepOcean’s current service offerings in the SURF (Subsea Umbilicals Risers & Flowlines) segment
DW: Offshore Security Is an Expensive Headache
“Energy security” is a term usually associated with security of supply and national self-sufficiency or at least the desire to minimise dependence on hydrocarbon imports. Yet around the world both E&P operators and oilfield service firms struggle with ‘energy security’ at a more basic level – the se
Noreco Quits Crazy Horse Ops (UK)
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) announces an update covering arrangements with Norwegian Energy Company UK Limited (“Noreco”). Proposed Arrangements and Revised Equity Interests Trapoil has been informed
Prosafe, ConocoPhillips Extend ‘Safe Scandinavia’ Deal
Prosafe and ConocoPhillips Petroleum Company U.K. Limited have agreed an extension to the firm period for the provision of the Safe Scandinavia accommodation support vessel at the Jasmine Hook Up and Commissioning Project in the British sector of the North Sea. The duration of the firm extension per
Noreco Announces Refinancing Plans
Norwegian Energy Company ASA (Noreco) is announcing plans today for a refinancing solution which will provide it with a sound platform for continued operation. Several of the largest bondholders and the company’s main shareholders, representing 33 per cent of the shares, have already signalled their
Premier Oil Extends ‘WilPhoenix’ Contract
Awilco Drilling PLC has accepted a Letter of Award (LOA) from Premier Oil UK Limited relating to the 250 days of options in the contract announced on 7th May 2012. The total exercised option period will now extend until completion of the 2014 drilling program or 31st October 2014, whichever comes ea
Top News of The Week October 14 – 19, 2013
Ampelmann Makes a Bang at Offshore Energy 2013 Ampelmann has literally made a bang at the Offshore Energy 2013 Exhibition & Conference. The Dutch specialist in offshore crew and cargo transfer systems attracted attention of many when a band of four, wearing uniforms and helmets with an Amplemann log
Statoil Awards Provision Contract to Atlas Services
Statoil has awarded Atlas Services Group (Atlas) with a framework agreement regarding the provision of drilling and well technology professionals. The five-year contract, which covers Statoils’ operations in Norway but may also be utilised globally, will commence in January 2014. With content Christ
BP to Appoint New Head of Exploration
BP today announced that it will appoint Richard Herbert as its new head of exploration. Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the company, eight leading BP’s exploration function. Herbert will rejoin BP from Talisman Energy
GDF SUEZ E&P Norge Names New CEO
Maria Moræus Hanssen has been appointed Managing Director (CEO) of GDF SUEZ E&P Norge as of 1 January, 2014. She holds Master’s degrees in Petroleum Engineering from Norwegian University of Science and Technology (NTNU) and in Petroleum Economics and Management from Ecole Nationale Supérieure du Pét
Inocean: Life Time Extension for 30-Year-Old FPSO Hulls
Some 44% of the world ship shape FPSO fleet have hulls that are above 30 years of age. All of these are conversions from Oil Tankers that had an initial design life of 25 years. Continued operation of these vessels will bring increasing challenges to maintain hull integrity as fatigue life and corro
RWE Dea Norge Celebrates 40th Anniversary
RWE Dea Norge is celebrating its 40th year in Norway this fall. Since the start-up in 1973 as one of the pioneers in the Norwegian oil and gas industry, the company has steadily grown and has developed a solid knowledge environment with some of the best heads in the business. “Norway has always been
Edda Ferd PSV Departs for Sea Trials (Spain)
Gondan Shipyard announced that yesterday, 17 October, the Edda Ferd PSV departed for Gijon port to carry out sea trials. The Edda Ferd (hull C-444) Platform Supply Vessel (PSV) features a new propulsion concept including diesel generator sets with variable rpm developed together with Siemens’ BlueDr
BOURBON Continues Fleet Modernization (France)
BOURBON announces that it sold 3 vessels, including a tug, an MPSV (Multi-Purpose Supply Vessel) from the Subsea Services fleet and a PSV (Platform Supply Vessel), for an approximate total amount of US$ 38 million generating a total capital gain of approximately US$ 18 million. These three tradition