Fossil Energy
7 Oil Firms Buy NPD’s Seismic Data
As at 28 June, seven oil companies have purchased the Norwegian Petroleum Directorate’s (NPD’s) seismic package from the southeastern part of the Barents Sea and the ocean areas off Jan Mayen. The seven companies are Chevron Norge AS, Idemitsu Petroleum Norge AS, Det norske oljeselskap ASA, AS Norsk
Lack of Subsea Programmes Support to Impact UK Oil Production and Export
Government ministers, including energy minister Michael Fallon, and MPs will this week be warned that failure to support subsea technology and skills programmes could impact on UK oil production levels and export revenues. At a reception in Westminster on Wednesday 3rd of July, Subsea UK will unveil
GALLERY: Kashagan Production Facilities Completed (Kazakhstan)
The North Caspian Operating Company (NCOC) announced yesterday an important milestone in the development of the Kashagan field. On the occasion of RoK President Nursultan Nazarbayev and British Prime Minister David Cameron visiting the Kashagan project facilities, the NCSPSA Consortium celebrated th
Rosneft, Statoil Start Seismic Survey at Sea of Okhotsk Blocks
Rosneft starts field seismic prospecting at the license blocks Lisyansky, Kashevarovsky and Magadan-1. Rosneft holds geological study at the blocks jointly with its partner Statoil ASA (Norway). Currently 2D seismic along with shipborne gravity magnetic survey are planned for the blocks. The data is
Hunting PLC: Outlook Remains Positive for the Rest of 2013
Hunting PLC the international energy services group today provides a pre-close trading statement ahead of its 2013 Half Year Results to be announced on Thursday 29 August 2013. Dennis Proctor, Hunting’s Chief Executive said,“Trading in the first six months of the year has been supported by increasin
BG to Use AGR’s RMR and CTS Solutions for Knarr Development (Norway)
BG Group has signed an agreement with technology provider AGR Enhanced Drilling for Riserless Mud Recovery services (RMR®) and the firm’s Cuttings Transport System (CTS®). These solutions will be used on a multi-well drilling campaign on the Knarr Field, located in the Norwegian North Sea. Enhanced
Aker Solutions Secures $440 Mln Subsea Contract in UK
Norwegian oilfield services provider Aker Solutions has won a contract worth up to USD 440 million (approximately NOK 2.7 billion) to deliver the subsea production system for an oil field development in the UK North Sea. The delivery includes 25 subsea trees and six template manifolds. It also encom
Top News of The Week June 24 – 29, 2013
Atwood Places Order for 4th Drillship in South Korea SapuraKencana Nets $2.7 Bln PLSV Contract in Brazil GALLERY: Damen Introduces New Arctic Offshore Support Vessel Design Trans Adriatic Pipeline Selected for Shah Deniz Gas Transport Total Splashes More Cash on Egina. Awards Saipem $3Bln Co
Duart Field Restart Delayed for 2014 (UK)
Bridge Energy, the Oslo Børs and AIM listed oil and gas exploration and production company has provided an update on the scheduled restart of production from the Duart field, which is located in the UK North Sea and in which Bridge holds a 50% working interest. As announced by the Company in Septemb
IHC to Build $800 Mln PLSVs for Seadrill, SapuraKencana
After it was yesterday announced that Brazilian oil giant Petrobras had awarded a $2.7 billion contract to charter and operate three Pipe Laying Support Vessels to SNM, the Joint Venture company owned by Seadrill and SapuraKencana, Seadrill today confirmed the deal and revealed the name of the shipb
GALLERY: World Wide Supply Takes Delivery of Damen-Built PSV
The first deliveries from Damen Shipyards Group’s extensive new offshore portfolio open the way to the realisation of the global group’s strategic ambition to challenge comfortable preconceptions on how best to source high performance ships in this specialised market.
Edison’s Claims Against INA Rejected (Croatia)
In the arbitration procedure initiated by Italian oil and gas exploration company Edison International against Croatian oil company INA, d.d., related to the Production Sharing Agreement in the Contract Area of the Republic of Croatia Offshore Adriatic Sea Izabela and Iris/Iva blocks, the Arbitral T
Ulstein Delivers ‘Blue Guardian’ PSV
Norwegian shipbuilding and design group Ulstein has today delivered the platform supply vessel ‘Blue Guardian’ was delivered to Blue Ship Invest. The vessel is contracted to work in the North Sea. ‘Blue Guardian’ is the fifth in a series of six platform supply vessels (PSV) of the PX121 design from
Wood Mackenzie: Azerbaijan Needs More Offshore Rigs
Wood Mackenzie, a global energy and mining research and consultancy group, today praised the BP-led Shah Deniz consortium’s decision to transport Caspian Sea gas through the Trans Adriatic Pipeline to the heart of Europe. Still, Wood Mackenzie added that Azerbaijan could be facing difficulties when