Fossil Energy
Faroe Petroleum Names New CFO (UK)
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces the appointment of Jonathan Cooper as Chief Financial Officer. Jonathan Cooper is a chartered accountant by tra
Floatel International: 1Q Net Income Drops (Sweden)
Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the first quarter of the financial year 2013. Period highlights: · In January Statoil exercised a five months charter extension under the present contract for Floatel Superior. This charter extension will commen
CEO Leaves ABB for Private Reasons
ABB Chief Executive Officer Joe Hogan has decided to leave ABB for private reasons. A date for his departure has not yet been decided. Hogan will continue to lead ABB until a successor is announced. He is committed to a smooth transition. “Joe is a great and successful CEO and has done a remarkable
Oblique Icebreakear: Equipped for Oil Spill Response in Freezing Seas
With construction underway on the first ever Oblique Icebreaker, research specialist Aker Arctic Technology has unveiled a new version of the unique vessel type that will bring ice management and pollution control in thick first year ice to a new level. The first ARC 100 is due delivery to the Russi
Inocean Hopes to Win Cat-I Drillship FEED from Statoil
On Tuesday 07.05.2013, at 21:00 Norwegian time, under the heading “Driving Innovation through Collaboration in the Rig Market”, Statoil revealed the first concepts competing for its CAT-I unit – A drillship designed for arctic areas. Inocean is one of three players participating in the ongoing feasi
Repsol Income, Production on the Rise
Spanish national oil company Repsol posted net income of 631 million euros in the first quarter of 2013, a rise of 1.6% from the year-earlier period at current cost of supply. Calculated based on MIFO criteria, net income was 634 million euros. The improved results are based on a strong performance
Teras Offshore Takes Delivery of AHT Vessel
Singapore’s Teras Offshore, a subsidiary of Ezion Holdings, has taken delivery of an Anchor Handling Tug vessel from China’s Cheoy Lee shipyard. The 50 m long vessel named ‘Teras Ariel’ is designed by Wartsila Ship Design Singapore. The vessel accommodates a crew of up to 24. It is powered by twin Y
Jotun Launches ‘Next-Generation’ PFP Coating System
Jotun announced the launch of Jotachar JF750, the next-generation passive fire protection (PFP) coating system that significantly reduces installation time and cuts material costs. Following an extensive development and testing programme, the launch of Jotun’s new mesh free PFP helps owners, fabrica
DNV JIP to Help Speed Up Subsea Forgings Delivery Times
In the construction of a subsea project, one challenge is the long delivery time of large steel forgings used for key components. This is mainly due to compliance with oil companies’ individual requirements. DNV is now inviting the subsea industry to jointly obtain synergies by developing a best-pra
Trelleborg, Saipem Working on FLNG Offloading System
Swedish Trelleborg has teamed up with Italian oil and gas industry contractor, Saipem, to develop a new LNG tandem offloading system. Derived from existing and proven technologies, the latest development in cryogenic LNG floating hoses is set to become a key component in offloading systems for futur
BG to Drill Jordbær Sørøst with Transocean Searcher (Norway)
BG Norge AS (BGN) has received consent to drill exploration well 34/3-4 S with the Transocean Searcher rig. BGN is the operator of production licence 373 S in block 34/3 in the northern part of the North Sea, approx. 120 km west of Florø. The consent relates to drilling of exploration well 34/3-4 S
Talisman Gets Approval to Drill Frode Well (Norway)
Talisman Energy Norge AS (Talisman) has received consent to drill exploration well 2/1-16 S with the Mærsk Giant jack-up rig. Talisman is the operator of production licence 299 in block 2/1 in the North Sea off Norway. The consent relates to drilling of exploration well 2/1-16 S in a prospect called
Blue Thunder PSV Ready for Statoil Contract
The Platform Supply Vessel Blue Thunder was named at Ulstein Verft in Norway today, 8 May 2013. The ship is the fourth of six PX121 designs for Blue Ship Invest, and HR director Torild Bugge in Ulstein Group was the Lady Sponsor. Blue Thunder will be operated by Atlantic Offshore and has received a
100th Drillship with Rolls-Royce Propulsion Equipment
Rolls-Royce Plc has signed a contract to deliver drillship propulsion systems to the world’s largest drilling company Transocean. This latest contract marks the 100th drillship to feature Rolls-Royce propulsion equipment. In recent months Rolls-Royce has won orders to supply propulsion systems for s