Fossil Energy
Wood Group PSN Names New CFO (UK)
Wood Group PSN (WGPSN) has appointed a new chief financial officer (CFO). David Kemp joins Wood Group’s largest division from Trapoil, an independent E&P company where he was financial director. He replaces Duncan Skinner, who is retiring from the industry. Born in Thurso, in the Scottish Highlands,
Nordic Energy to Acquire Exploration Licence in Danish North Sea
Nordic Energy PLC, a company focused on making investments in the North Sea oil and gas sector, has announced NikOil Limited `NikOil’), a private company jointly owned by the Directors of Nordic, has been awarded by the Danish Government the 3,600 sq km offshore exploration and production licence 01
Seadrill, SapuraKencana Wrap Up Tender Rig Deal
Seadrill and SapuraKencana have today completed the the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencan
Ramboll Setting Up Tromsø Office (Norway)
Ramboll Oil & Gas’ 4th Norwegian office opens up in Tromsø this summer. Initially, it is expected that environmental consultancy services to oil and gas companies working in the region will make up the primary service offering. “Following two decades of providing consultancy in the Arctic, Ramboll i
Oil & Gas UK Launches Campaign to Raise Awareness of O&G Industry Importance
Oil & Gas UK today (30 April 2013) announced the launch of a nationwide awareness campaign, “Energising the Nation’s Future”, at an event attended by leading figures from the oil and gas community. The campaign is designed to improve awareness and understanding of the oil and gas industry and better
Denmark: Dong Energy Combines Its Business Units
Denmark’s DONG Energy has decided to streamline its corporate structure by combining the business units Energy Markets and Sales & Distribution. Today, Energy Markets is responsible for sourcing, trading and wholesale sales, while Sales & Distribution is responsible for sales to business customers a
Brady in Talks to Acquire Energy Equity Resources
The Board of Brady, the AIM listed natural resources focused investing company, today announces that it is at an advanced stage of acquiring the entire issued share capital of Energy Equity Resources (Norway) Limited (“EERNL”). EERNL is a UK incorporated company with oil and gas interests in Nigeria
Coretrax Names Operations Manager (UK)
Aberdeen-based oilfield services firm Coretrax Technology Limited has appointed an operations manager to focus on the planning, development and execution of wellbore cleanup and displacement. In his new role, Jim Hepburn is responsible for the pre and post job analysis of wellbore cleanup activities
Dry Well for Dong E&P Norge
Dong E&P Norge AS, operator of production licence 289, offshore Norway, is about to complete drilling of wildcat well 3/7-9 S. The well was drilled about 5 kilometres northwest of the Trym field in the southern part of the North Sea. The objective of the well was to prove petroleum in Middle Jurassi
Poland’s Remontowa to Build Cable Layer for Siem Offshore
Siem Offshore has entered into a shipbuilding contract with Remontowa Shipbuilding S.A. in Poland. The contract has been signed for the construction of a dynamically positioned Cable Lay Vessel (“CLV”) scheduled for delivery in April 2015. The associated gross project cost for the first vessel, read
VIDEO: BP Reports Underlying Profits of $4.2 Billion
BP today announced its financial results for the first quarter of 2013. Underlying replacement cost profit for the quarter was $4.2 billion, compared to $3.9 billion in the fourth quarter and $4.7 billion in the first quarter of 2012.
Seadrill Partners Appoints New Board Member
Seadrill Partners LLC, a limited liability company recently formed by Seadrill Limited to own, operate and acquire offshore drilling rigs, announced yesterday that Tony Curry has been appointed to its board of directors. Curry will also serve on the conflicts committee of Seadrill Partners. Simultan
Bongkot Sales Drive PTTEP 1Q Profit Growth (Thailand)
Thailand’s oil company PTTEP today revealed its first quarter Operating Results and the company performance. 1st Quarter Operating Results (Unreviewed): Net profit of USD 680 million, an increase of 15% The company and its subsidiaries posted a net profit of USD 680 million (equivalent to 20,258 mil
Norway: Talisman to Drill North Sea Well with Maersk Giant Jack-Up Rig
The Norwegian Petroleum Directorate has granted Talisman Energy Norge AS a drilling permit for well 2/1-16 S, in the Norwegian part of the North Sea. Well 2/1-16 S will be drilled from the Mærsk Giant jack-up rig, at position 56°51’1.72’’ north and 3°18’52.69” east. The drilling programme for well 2