Fossil Energy
Ramboll Achieves Growth in 2012 (Denmark)
2012 was a satisfying year in terms of performance and for the first time Denmark’s Ramboll delivered revenue of EUR 1 billion, equivalent to DKK 7.6 billion. Operating profit before goodwill amortisation (EBITA) amounted to DKK 406 million. This growth is driven by strong performance in Scandinavia
Dana Petroleum’s Netherlands Business Gets New Managing Director
Aberdeen-based Dana Petroleum has appointed as the new Managing Director of its Netherlands business. Nick Dancer, who previously ran Dana’s operations in Egypt, took up his new position on 1 March replacing Reidar Hustoft, who has recently moved to become Managing Director for the company’s Norwegi
Sparrows Wins Several Major Contracts Worth $287 Mln (UK)
Sparrows Group has announced several major contracts totalling more than £190million (USD 287 million). The Aberdeen head-quartered world leader in offshore lifting and mechanical handling services to the oil and gas industry has signed the new deals within the last 90 days. These awards will secure
Lundin’s Johan Sverdrup Appraisal Well Encounters 30m Oil Column
Swedish Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway has announced that the Johan Sverdrup appraisal well 16/3-5 located in PL501 has encountered a 30 meter gross oil column in Upper Jurassic sandstone and Permian Zechstein Group carbonate reservoir. The w
Serica Issues Tender Documents for Columbus Development
Serica Energy plc announces the issue of tender documents for development of the North Sea Columbus field. The Field Development Plan provides for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs)
Lundin Charters Two Island Offshore’s PSVs
Norway’s Island Offshore has secured 2 x term contracts with Lundin Norway AS, for the charter of MV Island Crusader and MV Island Contender platform supply vessels. According to the owner, these two vessels of the UT 776 CD(G), set a new standard in the industry as the first offshore supply vessels
Reef Subsea CEO Steps Down
Reef Subsea Group, a subsea service provider, has announced changes to its management and board with immediate effect. Mark Preece is to step down as CEO of the Reef Subsea Group by mutual agreement. “The board has acknowledged and thanked Mr Preece for his efforts in developing and positioning Reef
STX OSV Renamed to VARD
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has announced that the STX OSV Group of companies will adopt the new brand name VARD. The adoption of the new name, logo and brand identity follows the sale of STX Europe’s majority stak
Sterling Resources Raises $37.5 Mln for Breagh Project in UK
Canadian listed international oil and gas company Sterling Resources Ltd. has closed the first tranche of the private placement portion of its previously announced offering of 73,333,334 common shares in the capital of the Company on a bought deal basis (the “Offering”). Pursuant to the First Tranch
Spectrum Completes Carmot Acquisition
Spectrum ASA, a seismic specialist listed on the Oslo Stock Exchange, today announced it has completed the acquisition of Carmot Seismic AS and Carmot Processing AS. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes cover
RWE Pulling Out from Oil and Gas Exploration and Production
Germany’s RWE AG today decided to withdraw from the exploration and production of crude oil and natural gas. Therefore, RWE intends to look at the options for disposing of all of its shares in RWE Dea AG. The planned disposal would be in line with RWE AG’s strategic repositioning. It would also take
Bond Offshore Helicopters Joins Step Change In Safety
Bond Offshore Helicopters Ltd (Bond), one of the UK’s providers of energy support services, has become a full member of Step Change In Safety. Step Change In Safety was founded in 1997 by the principal oil and gas industry trade associations, with the aim of making the UK the safest place to work in
DONG Makes Oil Discovery Offshore Norway
DONG E & P Norge AS, operator of production licence 147, is about to complete drilling of wildcat well 3/7-8 S. The well proved oil and gas. The drilling took place two kilometres south of the Trym field in the southern part of the North Sea. The primary exploration target for the well was to [&hell
Archer Launches BOP Cleaning Tool
Archer, the global oilfield service provider, has launched its latest tool, the TornarTM Deep Water BOP Cleaner, which has been designed for safe and effective blowout preventer (BOP) and riser cleaning in deep and ultra-deep water environments. The company made the announcement from booth 555 at th