Fossil Energy
Statoil Orders Flexible Risers from Technip
Technip has been awarded a contract by Statoil to fabricate and supply flexible risers for several fields on the Norwegian Continental Shelf. The contract also includes options for further risers and flowlines. These flexible pipes will be used to renew the flexible pipe based infrastructure on Stat
Aibel: Troll Project at Peak of Construction Period
The Troll project is now at the peak of its construction period, Norwegian company Aibel said today. Around 850 Aibel employees and subcontract personnel are working on the new modules that will increase the lifetime of the Troll field. Friday saw the last major lifting effort in Thailand. Section 5
ION: NarwhalTM to Improve E&P Efficiency in Icy Conditions
ION Geophysical Corporation today announced the launch of NarwhalTM, the first fully integrated ice management system designed to reduce risk and improve efficiency in seismic data acquisition and drilling operations in or near ice, such as in the Arctic. The Arctic contains an estimated 25% of the
‘Blue Protector’ PSV Enters North Sea Spot Market
The platform supply vessel ‘Blue Protector’ was delivered from Ulstein Verft on 23 September 2013. The vessel is owned by Blue Ship Invest and managed by Atlantic Offshore. The vessel is going to the spot market in the North Sea. ‘Blue Protector’ is the final newbuild in a series of six platform sup
Offshore Solutions Provides Walk-to-Work System for Maersk Oil FPSO
Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, has signed a North Sea contract with Maersk Oil UK to provide marine access support to the floating production, storage and offloading (FPSO) unit Global Producer III. Located 185 miles north east of Aberdeen, Scot
Oyster Petroleum Confirms West of Shetland Farm-In Deal
Oyster Petroleum Ltd, a new exploration and production company focused on the UKCS, has confirmed the acquisition of a package of licence interests located in the West of Shetlands basin from Ithaca Energy (UK) Limited (‘Ithaca’). The transaction will see Oyster acquire a 9% interest in UK licences
Logitel Offshore Takes $9 Mln Loan from Sevan Marine
Sevan Marine and Logitel Offshore have entered into an agreement pursuant to which Sevan Marine will provide a new USD 9 million convertible loan to Logitel Offshore. The terms and conditions will be the same as under the existing USD 51 convertible bond agreement, which will be amended and increase
Total’s CEO Presents Company Objectives
Christophe de Margerie, Chairman and CEO of Total, is presenting to the financial community the company’s outlook and objectives for the coming years as well as the social and environmental strategy of the Group. The event is webcast and the presentation is available on the website www.total.com. Th
Thalassa to Buy Go Science Limited
Thalassa, a company with a focus on marine seismic operations, has entered into heads of terms and paid a non-refundable deposit of £360,000 in respect of the proposed acquisition of the business, intellectual property and other assets of GO Science Limited (“GO Science”). GO Science Limited was pla
Kongsberg Improves Its eBird® System (Norway)
Kongsberg Seatex has now given the users of the sophisticated eBird® system the ability to equip SmartWing® with two additional features – a compass and a GNSS receiver. The innovative approach of placing a GNSS receiver in the wings opens new opportunities for improving the efficiency of an operati
Breagh Start-Up Postponed for Mid-October (UK)
Sterling Resources Ltd. has been advised by RWE Dea UK, the operator of the Breagh gas field, that production start-up will now be delayed until mid-October. During the plant start-up process it was discovered that remedial work on three small heat exchangers is required; one of which requires remov
Statoil Makes Gas Discovery in Iskrystall
Statoil ASA has together with its partners Eni Norge AS and Petoro AS made a gas discovery in the Iskrystall prospect in PL608 in the Barents Sea. Well 7219/8-2, drilled by the drilling rig West Hercules, has proved an approximately 200 metre gas column. Statoil estimates the volumes in Iskrystall t
Ithaca Farms-Out More UK Assets
Ithaca Energy Inc. announces further UK exploration portfolio farm-out transactions. When combined with the previously announced UK farm-outs the Company is now fully carried for the forecast cost of drilling the UK exploration well commitments transferred as part of the Valiant Petroleum plc acquis
PGS, Toisa Put Money Into Seafloor Geophysical Solutions
Petroleum Geo-Services (PGS) along with Toisa Seismic Limited (Toisa) have today entered into an agreement to invest in Seafloor Geophysical Solutions (SGS). A strategic cooperation agreement with SGS provides PGS exclusive rights to market and offer SGS node services to clients in the Brazilian mar