Fossil Energy
Ocean Installer Bags Gina Krog EPCI Contract (Norway)
Ocean Installer has been awarded a major Engineering, Procurement, Construction, Installation (EPCI) contract for subsea installations and tie-in operations at the Statoil operated fields Gina Krog (former Dagny) and Eirin. The total contract value is approximately USD 85 million (NOK 500 million),
Top News of the Week March 18 – 23, 2013
Top News of the Week March 18 – 23, 2013
STATS Isolates BP’s Oil Export Line in UK North Sea
STATS Group, an Aberdeen-based company specialising in piping and pipeline integrity and maintenance, has successfully isolated a 24″ oil export line on BP’s Marnock ETAP spur line located in the Central North Sea to allow the replacement of a 16” valve. STATS deployed its 24” Remote Tecno Plug to i
VIDEO: RWE Dea Invites Visitors to Learn More About Mittelplate (Germany)
Germany’s oil company RWE Dea today announced that an info-point has been opened in the Deichpassage in Friedrichskoog-Spitze, to provide more information on the Mittelplate drilling and production island to visitors. Touch-screens, interactive games and multimedia partitions explain how oil is prod
Industry’s Achievers Honoured at Offshore Achievement Awards, UK
The offshore industry’s highest achievers were recognised at last night’s 2013 Offshore Achievement Awards, with Malcolm Webb, chief executive of Oil & Gas UK, picking up the Significant Achievement accolade. The 27th awards ceremony, which saw a record attendance of 530 guests, took place at the Ab
Saipem Extends Contract for CSV Normand Cutter
Saipem Ltd has declared their option to extend the contract for the construction vessel (CSV) “Normand Cutter” with 1 year from May 2013. This is the first of a total of three yearly options. CSV Normand Cutter, designed by Norway’s Vik & Sandvik AS AS, was built in 2001 by Ulstein Verft. The 127,
ONGC Makes Gas Discovery Offshore India
India’s state-owned oil and gas company ONGC has made an offshore gas discovery in NELP block KG-OSN-2004/1 in the Bay of Bengal India. Exploratory well KG-OSN-04-NASA #1, located 25 km south of Narsapur, was drilled to a depth of 2669.43 m. On testing the interval, 2537 – 2543 m, gas flowed at 4,09
BP Plans $8 Bln Buy-Back of Shares (UK)
BP announced today that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP sha
Ocean Installer Wins Arkwright Field Umbilical Installation Contract
Talisman Sinopec Energy UK Limited (Talisman Sinopec Energy) has awarded Ocean Installer a contract for umbilical installation at the Arkwright field in the UK sector of the North Sea. This is Ocean Installer’s second contract award this month. The scope of the work is to install a new 11.5 km umbil
Floatel International Signs Contracts with Total and Statoil
Total E&P Norge AS has awarded a contract to Floatel International for provision of an accommodation and construction support vessel for the Martin Linge Field Development project, offshore Norway. Martin Linge field is located on the Norwegian Continental Shelf, approximately 180 kilometers west of
Far Senator AHTS Ready for North Sea Spot Market
Farstad Supply AS yesterday took delivery of Far Senator AHTS newbuild from Vard Langsten, Norway. To remind, Farstad Supply AS has sold the vessel to Ocean Yield AS and leased it back on a 12 year bareboat charter. The agreement includes options for Farstad Supply AS to buy back the vessel. The ves
Rosneft Completes TNK-BP Acquisition
Russia’s state-owned oil company Rosneft has today completed one of the largest oil industry acquisitions in history. Rosneft today finalised two separate transactions with British oil company BP and Russia’s AAR consortium to acquire TNK-BP. Rosneft has bought BP’s 50% share in TNK-BP in exchange f
Heerema Kicks Off Construction of Montrose BLP
Today Heerema Fabrication Group’s Zwijndrecht yard in the Netherlands officially started the construction of the integrated production Montrose BLP (bridge linked platform) topsides for client Talisman Sinopec Energy UK Limited. At the end of last year HFG’s Zwijndrecht fabrication facility signed t
FMC Technologies to Supply Subsea Equipment for Who Dat Field
FMC Technologies, Inc. announced today that it has received a subsea equipment order from LLOG Exploration for the Who Dat field in the U.S. Gulf of Mexico. The order has an estimated value of $30 million in revenue. The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water