Fossil Energy
AGR Consultancy Gets Services Agreement from Statoil
A major frame agreement for drilling and well technology consultancy manpower has been awarded by Statoil to AGR Consultancy in Norway. Starting in January 2014, the agreement mainly covers Statoil’s operations in Norway, but the services may be performed globally. The five-year contract has extensi
Medvedev Visits Lukoil’s Offshore Platform (Russia)
Dmitry Medvedev, Head of the Russian Federation Government, recently visited LUKOIL’s offshore platform used by the company to extract oil from Yuri Korchagin field located in the Russian sector of the Caspian Sea. LUKOIL started oil production at the above field in 2010. The current oil production
Lundin CFO Calls it Quits After 10 Years
Lundin Petroleum has appointed Mike Nicholson as Chief Financial Officer (CFO) following the decision of Geoff Turbott to step down for personal reasons following 10 years in this position. Nicholson has worked for the Company since 2005 through various roles and most recently as Managing Director i
Prosafe Completes $116 Million Bond Issue
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that it has successfully completed an NOK 700 million (around $116 million) unsecured bond issue maturing in October 2018. The bond carries an interest of 3-month NIBOR plus 2.95 per cent. Settlement date is expected to be 2
Wintershall Hires ‘Energy Swan’ PSV
Golden Energy Offshore has entered into a long term charter agreement with Wintershall Norge AS for one of its PSV vessels. The oil company will hire the Energy Swan platform supply vessel on a 4 year firm contract. Upon expiration of the firm part of the contract Wintershall will have four one-year
NPD Names Director for the Norwegian Sea and Barents Sea
Ingrid Sølvberg (43) joined the Norwegian Petroleum Directorate’s management team on 1 October, as director for the Norwegian Sea and Barents Sea. Ingrid Sølvberg comes from the position of commercial manager in Centrica. She has previously held a number of expert and management positions in Statoil
Aker Solutions Leases New Building in Fornebu
Aker Solutions agreed today to lease a building in Fornebu for an initial 12 years, starting in 2016, to expand its office space capacity near Oslo. The property is under construction and will contain about 32,000 square meters of office and common-area space on completion. Aker Solutions already ha
VNG Gets Approval to Drill Pil and Blue Wells (Norway)
VNG Norge AS has received consent from the Petroleum Safety Authority Norway to carry out exploration drilling of wells 6406/12-3 S and A (Pil and Bue) in production licence 586 in the Norwegian Sea using the Transocean Arctic semi-submersible rig. Water depth at the site is 324 metres. These prospe
Greenpeace Director Wants a Meeting with Putin
Greenpeace International executive director Kumi Naidoo has written to President Vladimir Putin offering to travel to Moscow as early as possible to meet with the Russian President, in an effort to end the imprisonment of 28 activists and two freelance journalists, captured by the Russian authoritie
Proserv Wins Award at EY UK Entrepreneur of the Year 2013
The chief executive of rapidly growing energy technology services company Proserv has scooped the award for Private Equity Backed Business in the EY UK Entrepreneur of the Year 2013 awards. David Lamont was praised for the company’s impressive acquisition strategy, its geographical reach and the opp
Aker Solutions Wins Murchison Platform Decom Job
Aker Solutions has secured the contract for the first phase of decommissioning the Murchison platform in the North Sea after more than 30 years of production. The three year contract was awarded by CNR International (UK) Ltd. Aker Solutions will manage the engineering design, procurement and offshor
Huisman to Deliver Well Intervention System for Helix’s Q7000
Huisman, a Dutch specialist in lifting, drilling and subsea solutions, has secured a new contract from Helix Energy Solutions Group, Inc. for the delivery of a Well Intervention System onboard Helix’s new build Semi submersible “Q7000”. The system, which is based on Huisman’s proven Multi Purpose To
DW: ROV Expenditure to Rise 80%
Douglas-Westwood (DW) forecast the market for the operation of work-class ROVs through to 2017 in this sixth edition of the World ROV Operations Market Forecast. Results forecast total ROV operations expenditure of $9.7 billion, an increase of nearly 80% over the previous five-year period. Drilling
CGG Completes BroadSeisTM Survey Offshore Norway
CGG announced today that it has successfully completed a second BroadSeisTM multi-client survey offshore Norway. The survey covers a 2,300 km2 area in the Barents Sea. Fast-track processing deliverables will be available by the end of 2013 and final processing products by August 2014. BroadSeis Surv