Fossil Energy
GDF SUEZ, BG Norge Pen Helicopter Contracts
On Thursday 28 February GDF SUEZ and BG Norge signed a long-term contract for the use of helicopter resources from Florø. Under the agreement, BG will use the helicopter which GDF SUEZ has on contract with CHC Helicopter Service. At most, BG will need up to ten trips per week to the Knarr field in [
NCS Survey Wins Rig Positioning Contract from Statoil
NCS Survey AS has been awarded a three-year contract with two one-year options with Norwegian operator Statoil for the supply of rig positioning services on the Norwegian Continental Shelf. The contract commenced on the first of the year. NCS Survey AS was established in November 2012 and is based i
AGR Group Announces Internal Restructuring, Norway
Following the successful refinancing of AGR Group, the Group’s two business areas, Petroleum Services and Drilling Services, are now financed separately. This enables the two divisions to seek separate strategic alternatives with autonomous managements. Under the leadership of Åge Landro, EVP Petrol
Norway: Statoil to Carry Out Exploration Drilling with Songa Trym in North Sea
Statoil Petroleum AS (Statoil) has received consent to carry out exploration drilling with the Songa Trym mobile drilling facility in the North Sea. The consent relates to drilling of well 16/8-3 S with an optional sidetrack. The well is part of production licence 360. The objective of the drilling
New Boss for Gazprom Dobycha Shelf (Russia)
Anatoly Sorokin was elected as Director General of Gazprom Dobycha Shelf. Sorokin was born in 1960 in the Orenburg Region. In 1983 he graduated from Kuibyshev Polytechnic Institute, majoring in Technology and Comprehensive Mechanization of Oil and Gas Developments. Sorokin is a successor of Alexande
Sevan Marine’s EBITDA Negative
Norway’s Sevan Marine yesterday reported that its operating revenue from continued operations for fourth quarter 2012 amounted to USD 36.8 million. EBITDA was negative with USD 2.5 million, and due to impairment charge of USD 51 million, operating loss was USD 53.6. Net profit from continued operati
Dana Starts Drilling in Moray Firth (UK)
Aberdeen-based Dana Petroleum has commenced drilling operations in the Moray Firth area of the North Sea close to the Captain field. Dana is drilling an operated well targeting the Magnolia prospect in block 13/23a, which comprises early Cretaceous sandstones. Dana’s UK Managing Director Paul Griffi
Michael Cohen (IEA): Offshore Oil Production Continues to Be Essential for Global Production
“Despite the rapid pace of growth in onshore oil production in North America, offshore oil production will account for 30% of the growth in global oil production capacity of 9.3 mb/d between 2011 and 2017”, said Michael Cohen (Senior Oil Market Analyst at the International Energy Agency) during his
WSM Opens Ship Management Office in Bergen, Norway
Wilhelmsen Ship Management (WSM) opens a new ship management office in Bergen, on Norway’s West Coast. The office will offer technical ship management and manning services to the offshore sector and ship owners based in the region. “The largest growth in Norwegian shipping takes place in the offshor
EMGS Sells 3D EM Data for $10 Mln
Norway’s Electromagnetic Geoservices ASA (EMGS) has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quarter of 20
Repsol’s Net Income Drops 6.1%. Upstream Unit Improves
Spanish oil company Repsol posted net income of 2.060 billion euros for 2012, a 6.1% decline from the year earlier. At current cost of supply (excluding the change in value of the oil inventories that the company stocks as part of Spain’s strategic reserve) Repsol’s net income was 2.048 billion euro
Lundin Drills Duster at Ogna Prospect (Norway)
Lundin Petroleum AB announces the completion of the exploration well 8/5-1 on the Ogna prospect located in Block 8/5, (PL453S), in the southern part of the North Sea sector of the Norwegian Continental Shelf. The well was drilled with the Mærsk Guardian jack-up rig. The exploration well 8/5-1 was ta
Pacific Drilling Reports 4Q 2012 Income of $16.5 Mln
Offshore drilling contractor Pacific Drilling S.A., today announced revenue of $191.9 million and net income of $16.5 million or $0.08 per diluted share for the three months ended December 31, 2012. This compares to revenue of $172.0 million and a net loss of $2.0 million or $0.01 per diluted share
Emerson to Upgrade Safety and Automation Systems on Visund Platform
Statoil has awarded Emerson Process Management, a business of Emerson , a $33 million contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea. Previously selected by Statoil as one of its preferred automation and safety suppliers, Emerson will provide