Fossil Energy
First Steel Cut for Cygnus Jackets. Project Creates 100 Jobs (UK)
The ceremonial first cut of steel for the construction of the jackets on the Cygnus gas field project was celebrated today by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas at Burntisland Fabrication’s (BiFab) Methil yard in Fife, Scotland. This latest project milestone involves
GE Powers Seadrill’s West Mira Rig
GE’s Power Conversion business (NYSE: GE) has signed a multi-million dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semi-submersible drilling platform HHI is building for Seadrill
FMC, Island Offshore Agree Two Year LWI Contract Extension
FMC Technologies, Inc. announced today that it has been awarded a two year extension to an existing contract by Island Offshore Management AS (Island Offshore) to provide Light Well Intervention (LWI) services. The LWI services will be performed from Island Offshore’s Island Constructor vessel on we
BG Group Income Falls 3 Pct (UK)
BG Group,a UK-based oil and gas exploration and production company, today reported a drop in its quarterly earnings. The company earned $1,18 billion in 1Q 2013 The company’s earnings fell 3% when compared with the same period last year when it achieved $1,22 bilion. BG’s production levels were down
EMAS AMC Wins Subsea EPCI Deal from Statoil
Singapore’s EMAS AMC has been awarded a subsea engineering, procurement and offshore construction contract from Statoil for the Smørbukk South Extension’s project offshore Norway. The contract is valued at approximately US$75 million. Discovered in 1985, the Smørbukk South Extension holds estimated
Norwegian Offshore Safety Watchdog Gets New Director General
Anne Næss Myhrvold has taken over today as the director general of the Petroleum Safety Authority Norway (PSA). Born in 1966, she has worked for BP Norge since 2002 and has been a member of this company’s top management as head of health, safety and the environment (HSE) since 2009. With an MSc in m
Statoil Gets Nod to Use Scarabeo 5 at Visund Sør
Statoil has received consent to use the Scarabeo 5 mobile drilling facility for drilling and completion in connection with production drilling on Visund Sør field in the North Sea, offshore Norway. The consent relates to drilling and completion of wells 34/8-V-1 H and 34/8-V-2 which are part of prod
Trapoil Buys More Stake in Surprise/Nutmeg Discoveries
On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously enter
Havyard Orders MacGregor Cranes for Subsea IMR Ship
Two MacGregor cranes will feature on a new subsea IMR vessel being built by Havyard in Norway for diverse deepwater operations off the west coast of Africa In April, MacGregor, part of Cargotec, signed an order with Norwegian shipyard, Havyard Ship Technology AS, for two MacGregor offshore cranes. B
VARD to Build Offshore Tug for Buksér og Berging
Vard Holdings Limited (“VARD”), formerly known as STX OSV, one of the major global designers and shipbuilders of offshore and specialized vessels, has entered into a contract with Buksér og Berging for the construction of one Azimuth Stern Drive (ASD) offshore tug vessel. The vessel is scheduled for
Shell’s CEO to Retire Next Year
Royal Dutch Shell plc today announced that Peter Voser, as Chief Executive Officer, has elected to retire from the Company in the first half of 2014. Peter Voser was appointed CEO with effect from July 2009 and has been an Executive Director since 2004. Shell’s Chairman Jorma Ollila said “Peter’s le
Shell 1Q CCS Earnings Up 2 Pct
Royal Dutch Shell today reported first quarter 2013 earnings, on a current cost of supplies (CCS) basis, were $8.0 billion compared with $7.7 billion for the first quarter 2012. First quarter 2013 CCS earnings excluding identified items were $7.5 billion compared with $7.3 billion for the first quar
Statoil: Lower Output and Reduced Prices Affect 1Q Earnings
Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 20
Apache Brings Tonto Oil Field to Production (UK)
Apache Corporation has announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 barrels of oil per day. Apache holds a 100-percent working interest in the To