Fossil Energy
Rosneft, Marubeni to Jointly Explore for Oil and Gas. Sign LNG Deal
On April 17, 2013 Rosneft and Marubeni Corporation signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Fumiya Kokubu, Marubeni C
VIDEO: Ulstein’s Stinger Handling System to Enhance Pipe-Lay Ops
Norway’s Ulstein is currently customizing their innovative Chain type Stinger Handling system concept for three different companies on three different continents. The compact system improves both the vessel design and pipe-lay operations, and as acknowledgment on April 16th 2013, the equipment has w
Stena Drilling to Install AGSL Software on Its Entire Fleet
Asset Guardian Solutions Ltd (AGSL), which specialises in protecting companies’ process critical software assets, announced that it has secured a contract with Stena Drilling Ltd of Aberdeen, Scotland. “This contract represents a significant development for AGSL, reinforcing its position within the
Statoil Gets Approval for Barents Sea Exploration Well
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for wellbore 7220/5-2, cf in the Barents Sea. Well 7220/5-2 will be drilled from the West Hercules drilling facility at position 72° 33′ 40.29″ north and 20° 23′ 54.84″ east. The drilling program for well 72
Sterling Raises $225 Mln Through Bond Issue (UK)
Sterling Resources Ltd. has announced the successful placing of the USD 225 million senior secured bond issue (the “Bond”) issued by its UK subsidiary Sterling Resources (UK) Ltd (the “Issuer”). The net proceeds of USD 218.6 million from the Bond will be used (i) to prepay the entire senior secured
Iona Gets Approval for Orlando Field Development (UK)
Iona Energy Inc. yesterday that the Department of Energy and Climate Change (“DECC”) in UK has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan (“FDP”) submitted by the partners. The Orlando Field is owned by Iona (Operator 75%) and Volantis Explorat
OIS Completes Another Well Abandonment in the North Sea
Offshore Installation Services (OIS), an Acteon company, has successfully completed its sixteenth rigless suspended well abandonment campaign involving multiple operators in the Southern North Sea. The multi-operator model for programmes of this kind can deliver significant customer benefits in term
GE Oil & Gas Opens 100 New Positions in UK
GE Oil & Gas yesterday announced that its Subsea Systems business is hosting an invitation-only careers showcase event at its Nailsea subsea controls facility in Bristol this Saturday, April 20. The event comes as GE is looking to fill 100 new positions and is expanding its U.K. subsea production fa
BMT to Provide Caspian Sea Weather Forecasting Services
BMT ARGOSS (BMT), a subsidiary of BMT Group Ltd, has secured a long-term contract to provide an oil major with weather forecasting services for all its North Caspian Sea operations, both offshore and onshore. The scope of BMT’s work includes provision of all forecasting services including Metocean a
Vroon Signs Long-Term Contract with BP (UK)
Vroon Offshore Services has announced that the company has secured a long-term contract with BP for the provision of platform-supply and emergency response and rescue services on the UK continental shelf. These services will be undertaken by A- and B-Class field-support vessels and a platform-supply
Atkins, Shell Pen Enterprise Framework Agreement
Atkins has been selected to provide safety engineering services to Shell under a new Enterprise Framework Agreement (EFA). The contract, which began in January and is set to run for four years, will position Atkins to provide technical and safety engineering services to Shell’s onshore and offshore
Wärtsilä to Equip Heidrun FSU with Inert Gas Systems
Finland’s Wärtsilä, the marine industry’s leading solutions and services provider, is to supply inert gas systems for a Floating Storage Unit (FSU) to be located on Norway’s Heidrun offshore oil and gas field, and for two shuttle tankers that will support the FSU. The FSU is owned by Statoil, the No
Proserv Launches R&D Hub for Subsea Technology (Norway)
An international energy services company Proserv has officially launched a global research and development (R&D) hub in Norway to design innovative subsea controls and communications technologies. This new group strengthens Proserv’s evolving international infrastructure in support of its subsea pro
DeepOcean Wins Subsea Trenching Job at Stella Field (UK)
DeepOcean UK, Ltd. today announced an award from leading contractor Technip for trenching services on the Stella Field Development, operated by Ithaca Energy. The contract includes project management, engineering and associated trenching and backfilling works for the infield flexible flowlines and u