Fossil Energy
Odfjell Drilling Provides Engineering Services for Lundin
Lundin Norway AS has awarded Odfjell Drilling a frame agreement for engineering services. The first project comprises verification of the rig Safe Boreas which is under construction. “We are pleased to announce the award of an engineering frame agreement with Lundin Norway which we see as a very att
Noble’s Jack-Up Stays with Centrica Until 2016
UK’ oil and gas company Centrica has extended a contract for Noble Julie Robertson jack-up rig, owned by Noble Corporation. The jack-up rig, which has been under a contract with Centrica since March 2012 on a dayrate of $118,000, will stay with the UK-based operator until April 2016 on an increased
CNPC to Buy Into Eni’s Mozambique Assets for $3.75 Bln?
China National Petroleum Corporation is reportedly interested in acquiring a stake in Eni’s gas reservoirs located in Area 4, offshore Mozambique. Reuters has quoted an unnamed source from the Italian government claiming that the China’s state-run oil company is in talks with the Italian energy gian
Ulstein Verft Welcomes New Managing Director
Kristian Sætre has been appointed managing director of Norway’s Ulstein Verft. He will take the position by 1 June 2013. Kristian Sætre has a solid background and 30 years’ experience from the maritime industry. He has worked in Scana for more than twenty years, most recently as managing director fo
Valiant, Maersk Sign Farm-Out Agreement for Isabella Prospect, UK
Valiant Petroleum plc announced that its wholly owned subsidiary Valiant Causeway Limited (“Valiant”) has signed a farm-out agreement with Maersk Oil North Sea UK Limited (“Maersk Oil UK”) with regard to its Isabella prospect located in the UK Central North Sea Blocks 30/6b, 30/11a & 30/12d (P1820).
Dagny Field Renamed to Gina Krog Field (Norway)
The Norwegian Ministry of Petroleum and Energy has decided to rename the Dagny field in the North Sea, Statoil, the operator of the field, announced today. As from today 8 March – International Women’s Day – the field will be known as Gina Krog. Krog (1847-1916) was a well-known champion of women’s
2H Offshore Names Additional Directors (UK)
2H Offshore Inc., an Acteon company, has named Glen Jewell and Hanh Ha as additional directors of its London office. The roles came into effect at the start of 2013. Jewell and Ha will join John McGrail and Alex Rimmer and will share responsibility for the management of the engineering activities an
DeepOcean Installing Fiber Optic Cable for Aasta Hansteen Development
DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding BV, today announced an award from Statoil for the Aasta Hansteen fibre optic cable. The project includes procurement, installation and burial of 140km of fibre optic cable in water depths up to 1300m. The Aasta Hansteen project is the first
Standard Drilling: No Rigs, No Need for COO
Standard Drilling (SDSD) has signed a separation agreement with its COO, Mike Kelley. Kelley will be relieved from his day-today responsibilities with immediate effect but will remain at the Company’s disposal until August 2013. Standard Drilling CEO, Martin Nes, says : “In light of the recent rig n
Bridge Enters Deal for Joint Development of Asha and Ivar Aasen
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company , announces that, as a 20% licence partner in PL457 containing the Asha discovery, it has signed an agreement regarding the co-ordination and joint development of PL001B (the “Ivar Aasen field”) and PL457 Asha discov
Ceona Hires GC Rieber Shipping’s Newbuild CSV
GC Rieber Shipping ASA has entered into a charter agreement with Ceona Services (UK) for its high capacity subsea newbuild for a fixed period of 5 years, with options for up to five years. The vessel will commence working for Ceona immediately upon delivery from Ulstein Verft in the first quarter of
Farstad to Sell Two AHTS Vessels to Ocean Yield (Norway)
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Ocean Yield of a sale and leaseback of two AHTS. The vessels, both UT 731 CD design, are under construction at Vard Langsten in Tomrefjord (previously STX OSV Langsten) for delivery ultimo Marc
Atlantic Petroleum Gets Loan to Finance Exploration and Appraisal Ops in Norway
Atlantic Petroleum’s fully owned Norwegian subsidiary Atlantic Petroleum Norge AS has entered into a NOK 300MM bank credit facility with DnB to finance the Company’s growth plans in Norway. The 3 year facility is put in place to finance Atlantic Petroleum’s planned Norwegian exploration and appraisa
Shell Awards Draugen Service Contract to ABB
ABB, the leading power and automation technology group, has signed a service contract valued at $260 million for a period of 9 years with A/S Norske Shell to provide integrated service and support solutions for the Draugen offshore oil platform and the nearby Ormen Lange onshore gas processing plant