Fossil Energy
No Azerbaijani Gas for Nabucco Pipeline
The Shah Deniz II consortium, which operates Azerbaijan’s largest offshore gas field, informed OMV, as a shareholder of NABUCCO Gas Pipeline International Gmbh (NGPI), about the decision on their preferred gas transportation route to Europe. The Nabucco West project was not selected by the consortiu
Serica Welcomes Centrica Into East Irish Sea Blocks (UK)
Serica Energy plc has reached agreement with Centrica through its subsidiary Hydrocarbon Resources Limited (“HRL”) for the farm-out of UK East Irish Sea Blocks 113/26b and 27c (Licence P.1482), in which Serica presently holds a 65% interest. Under the agreement, HRL will acquire an operated 45% inte
UK Offshore Workforce Growing
Oil & Gas UK’s 2013 Offshore Demographics Report published yesterday (26June) reveals that the UK’s core offshore workforce, which comprises those who spend over 100 nights a year offshore, grew in 2012 to 25,760, the largest since the first report in 2006. Almost 57,000 people travelled offshore in
Statoil to Use Transocean Spitsbergen on Skuld Field, Norway
Statoil Petroleum as has received consent to use the Transocean Spitsbergen rig for drilling in the Norwegian Sea. The consent relates to production drilling and completion for the Skuld field in production licence 128. Water depth at the site varies from 343 to 360 metres. The expected start-up for
Seadrill to Launch Offer for Sevan Drilling Takeover
Seadrill Limited issued June 26, a mandatory notification of trade regarding purchase of shares in Sevan Drilling ASA. Following the notification Seadrill has today purchased an additional 116,934,875 shares in Sevan Drilling at a price of NOK 3.95 per share. Following the purchase, Seadrill owns (i
EMGS Wins $100 Mln 3D EM Data Acquisition Contract
Electromagnetic Geoservices ASA (EMGS) announces that it has been awarded a contract worth approximately USD 100 million by one of the world’s largest oil companies. It is expected that 3D electromagnetic (EM) data acquisition will start in early September 2013, following mobilisation of the vessel
UK: Trapoil Expects Athena Field P2 Well Repairs to Be Quick
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, notes the announcement made today by Ithaca Energy Inc. As part of this announcement Ithaca provided the following operational update with regard t
Cyprus Signs Deal to Develop Offshore Gas Reserves via LNG Plant
The Republic of Cyprus , today signed a Memorandum of Understanding (“MOU”) in respect of the Cyprus Liquefied Natural Gas (“LNG”) Project with Noble Energy International Ltd , Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership , that were granted in 2008 a Production S
TTS Offshore & Heavy Lift Division Appoints New EVP
TTS has appointed a new head of the Offshore & Heavy Lift Division, Mr Geir Storaas, as Executive Vice President Offshore. He will be based at the TTS office in Bergen, Norway. Storaaas has a degree from the Norwegian School of Economics (NHH) and many years of international management experience fr
Eurocopter Delivers 3 Helicopters to O&G Companies in Asia
Eurocopter today announced it has delivered three EC225s helicpoters to to Asian oil and gas operators. The deliveries of three new EC225s to customers in Vietnam and Malaysia further expands the fleet of Eurocopter’s workhorse helicopter deployed worldwide in demanding operating conditions of the o
VIDEO: Ulstein, NOV Present Next Generation Offshore Vessel
In the following video, National Oilwell Varco (NOV) and ULSTEIN present what they describe as the “next generation of modern offshore vessels.” According to the caption of the video published on Ulstein’s YouTube channel “this is the standard for future offshore construction.” The vessel platform u
Jee Celebrates 25th Anniversary (UK)
This year, leading independent subsea engineering and training firm Jee Ltd celebrates 25 years in business. During its history the company has experienced significant growth, expanding from one entrepreneurial engineer to a team of 90. Jee Ltd managing director and founder, Trevor Jee, said: “Reach
OMV to Use Leiv Eiriksson Rig in PL 537 (Norway)
OMV (Norge) as has received consent to conduct exploration drilling of wells 7324/7-1 S and 7324/8-1 in production licence 537 in the Barents Sea. Leiv Eiriksson mobile drilling rig will be used for these drilling operation. Water depth at the site is up to 440 metres. The planned start-up is July 2
Dong Energy Seizes Six Blocks in Faroe Islands
On 25 June the Faroese Trade and Industry Minister awarded six blocks to DONG Energy in the Open Door Licence Round. The awarded blocks are located in the Faroe-Shetland Basin, west of the producing British fields Foinaven and Schiehallion, and DONG Energy has been awarded operatorship and a 100% in