Fossil Energy
TAQA Completes Acquisition of BP’s North Sea Assets
TAQA, the global energy company based in Abu Dhabi, on Saturday, June 1, 2013, completed the acquisition of UK North Sea oil and gas assets from BP. TAQA takes over as operator of the Harding field and production platform in the Central North Sea, complementing the company’s existing assets in the N
Top News of the Week May 27 – June 1, 2013
Top News of the Week May 27- June 1, 2013
Keppel FELS Delivers ‘Discovery Triumph’ Rig Ahead of Schedule
Keppel FELS Limited (Keppel FELS) has delivered its first KFELS Super A Class jackup rig to the Luxembourg-headquartered Discovery Offshore S.A. Discovery Offshore, a drilling contractor focused on ultra high-specification jackups is managed by NASDAQ-listed Hercules Offshore, Inc. Named Discovery T
Rem Fortune PSV Delivered (Norway)
Earlier this month Kleven delivered the platform supply vessel Rem Fortune to Rem Offshore. The ship was christened at Kleven’s Ulsteinvik shipyard on 15th May by June Wågsholm Rooney and will enter a long-term contract with energy company ConocoPhillips.Kleven and Rem Offshore have a working relati
Norway to Establish Research Centre for Arctic O&G Activities
The Research Council of Norway has decided to establish the new research and knowledge center for petroleum activities in the northern areas and the Arctic in Tromsø. The research team at the centre in Tromsø is to help find solutions to challenges relating to the extraction of petroleum resources i
Update: Island Innovator Leakage Stopped (Norway)
Odfjell Drilling has issued a press release in which it says that the leakage on Island Innovator has been plugged, and the heeling of the rig is reduced. Further work is proceeding to normalize the situation on the rig, Odfjell said. The leakage occurred through a seawater inlet to a pump room in a
Island Innovator Tilts in Hanøytangen. Workers Evacuated
Island Innovator semi-submersible rig, on a yard-stay in Hanøytangen, Norway, has been evacuated after it tilted 4 degrees, a local news site has reported. According to Bergens Tidende news portal, 63 people have been taken off the facility in a peaceful manner. Around 4 o’clock this morning, the ri
Innovation Award for Eni (Norway)
Eni Norge has won the 2013 Emergency Preparedness Award for Innovation and Development. The award was announced in Stavanger on Wednesday 29 May during the annual Emergency Preparedness Conference. Eni Norge receives the award in recognition of its leading role in the development of new survival sui
Kleven Orders Subsea Crane from TTS
Norway’s TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract with a value of approx. 65 – 70 MNOK with Kleven Verft AS. This is the sixth contract with the Norwegian shipyard in the last 15 months. The contract concerns delivery of a 250 ton active heave com
Eni Starts Sale of 6.7 Pct of Galp Energia Shares
Italy’s Eni has started, through an accelerated bookbuilding procedure, the sale of 55,452,341 ordinary shares corresponding to approximately 6.7% of the share capital of Portugal’s Galp Energia SGPS S.A. The Shares will be placed with qualified institutional investors with Goldman Sachs and Medioba
Subsea 7 Wins $170 Mln Mariner Contract from Statoil
Subsea 7 S.A. has announced the award of a contract valued at approximately US$170 million from Statoil for the Mariner field, located in the UK sector of the North Sea. The contract is for the engineering, procurement, installation and construction (EPIC) of 39km of rigid flowlines and flexible ris
Xcite Energy Cancels ‘Rowan Norway’ Rig Option
Xcite Energy Resources Limited (“XER”), has cancelled its option for a jack-up drilling unit from British American Offshore Limited, a subsidiary of Rowan Companies, Inc. The rig contract was initially entered into in February 2011 and subsequently amended in February 2012 ahead of the pre-productio
Shell UK Charters World’s Most Environmentally Friendly PSV
Østensjø Rederi today announced it has been awarded a 5-year contract for Edda Ferd PSV by Shell UK. The company already has two PSVs, Edda Fram and Edda Frende, working for Shell UK. The company already has two PSVs, Edda Fram and Edda Frende, working for Shell UK. Now a third one will be added. [&
Oil & Gas UK Expands Board of Directors
Terry Savage, corporate relationship director of Global Energy Group, a leading service and contracting company which provides a range of services associated with the construction and maintenance of critical assets in the energy sector and owns one of the largest dry docks in Europe, is to join the