Fossil Energy
SOCAR, Statoil to Jointly Develop Zafar-Mashal Field (Azerbaijan)
Azerbaijan’s state-controlled oil company SOCAR and Norway’s Statoil have reportedly signed an agreement for joint development of Zafar-Mashal field in the Caspian Sea. Trend.az has reported the news, citing an unnamed source. The source told the Azeri news agency that the deal is expected to be sig
Floatel to Use Private Placement Cash for Newbuild Program and Capex Increase
Swedish owner of offshore accommodation facilities, Floatel International, is contemplating a private placement of approximately USD 150 million through the issuance of new shares in Oslo directed towards Norwegian and international investors. “The Private Placement will further strengthen Floatel I
Det Norske Hires Prosafe’s Accommodation Rig for Ivar Aasen
Norwegian oil company Det norske oljeselskap ASA has hired Prosafe’s Safe Scandinavia accommodation rig on a six months contract scheduled to start in June 2016. The Safe Scandinavia will be deployed at the Ivar Aasen Development Project in the Norwegian sector of the North Sea as a support during t
NPD OKs Total’s Barents Sea Drilling Plans. Leiv Eiriksson Still Awaiting AoC
The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 7225/3-2, located in the Norwegian Sector of the Barents Sea. Total will use the Leiv Eiriksson semi-submersible drilling rig, built in 2001, for operation at the well which is a part of production licence
Egdon to Drill in N. Sea Offshore Licence from Onshore Location
UK’s Department of Energy & Climate Change (DECC) has awarded Egdon Resources a licence covering offshore blocks 41/18 and 41/19 located adjacent to the North Yorkshire coast. The licence, awarded as a result of 26th UK Seaward Licensing Round, will be a Traditional Licence with Egdon Resources U.K.
ABB: PSV with Onboard DC Grid Delivered (Gallery)
ABB, the leading power and automation technology group, today announced that the first vessel to feature Onboard DC (direct current) Grid has been delivered to Norwegian offshore owner Myklebusthaug Offshore by Kleven Yard. The system will allow the ship to operate at the highest energy efficiency l
Dutch IHC Merwede Hopes to Benefit from Petrobras’ Investments
Dutch company IHC Merwede, which develops and builds innovative vessels, advanced equipment and life-cycle support services for the dredging, mining and offshore industries today announced its revenue for the full year 2012 was € 895 million. The company’s net profit for the period was € 37 million.
Songa Offshore Releases March Fleet Update
Songa Offshore, a Cyprus-based drilling contractor, has announced its drilling rig fleet status update for March 2013. Songa Venus achieved an operating efficiency of 99% during the month continuing working for Petronas Carigali in Malaysia. The rig is currently underway to Labuan Malaysia where it
COSLPromoter Starts Drilling for Statoil (Norway)
China Oilfield Services Limited has announced that COSLPromoter, a semi-submersible drilling rig of the Group, has officially commenced operation in Norwegian North Sea for an eight-year service contract with Statoil ASA on 2 April 2013 Norwegian Time. As COSL’s third semi-submersible drilling rig b
CGG’s Fleet Breaks Industry Records
French seismic acquisition specialist CGG announced today that its new fleet, with the addition of four high-end vessels from its recent acquisition of Fugro Geoscience, set two new industry records that highlight the strength of its marine capabilities. The longest offsets in the industry for a ful
Petroceltic Awarded Exploration Permit in Central Adriatic (Italy)
Petroceltic International plc , the upstream oil & gas exploration company focused on North Africa, the Mediterranean and the Black Sea regions, has announced an update on its activities in Italy. Central Adriatic – New permit award Petroceltic’s wholly owned subsidiary, Petroceltic Italia Srl, has
Citec Buys French Oil & Gas Engineering Consultancy Akilea
Finalnd’s Citec is strengthening its competence and offering within the oil and gas segment by acquiring the French oil & gas engineering consultancy Akilea Engineering. Akilea designs offshore platforms, oil refineries, pipelines and power plants. The company’s service offering includes engineering
FMC Technologies Bags Subsea Contract from Statoil (Norway)
FMC Technologies, Inc. announced today that it has received an order from Statoil for subsea equipment for the Smorbukk South Extension Project, offshore Norway. The order has an estimated value of $96 million in revenue. FMC Technologies’ scope of supply includes subsea trees, wellheads, a manifold
Senergy Adds New Members to Its Management Team (UK)
Global-leading energy services company Senergy has enhanced its senior management team with a number of key appointments to consolidate its position for future growth. The company, which provides fully-integrated project and asset development services across the energy industry, anticipates creating