Fossil Energy
Kleven Orders TTS Crane from Offshore Construction Vessel (Norway)
Kleven shipyard from Norway has ordered an active heave compensated subsea crane for an offshore construction vessel from TTS Offshore Handling Equipment. The crane will be installed on board an offshore construction vessel which Kleven will build for Rem Offshore. The value of the crane is approxim
ConocoPhillips UK Hires KL Brofjord PSV
ConocoPhillips UK has recently chartered the KL Brofjord platform supply vessel from Norway’s K Line Offshore, a subsidiary of Japan’s Kawasaki Kisen Kaisha, Ltd. (“K” Line). According to Westshore Shipbrokers, the oil firm has hired the PSV on a five-month firm contract with additional three monthl
Hess to Extend WilHunter Contract (UK)
Awilco Drilling PLC has signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilHunter semi submersible drilling rig for additional work related to their 2013, 2014 and 2015 abandonment program in the Central North Sea. The current firm contract duration of 400 days is to be extende
BR Industrier Acquires AGR Well Services and Cleanup (Norway)
AGR Group ASA has signed an agreement whereby BR Industrier AS, acquires 100% of the shares in AGR Well Services AS and AGR Cleanup AS in a combined transaction. The companies are a part of AGR’s Tools & Technology division. The purchase price for the two companies is MNOK 43,2. The transaction will
Wintershall to Use Transocean Arctic for PL 418 Drilling (Norway)
Wintershall Norge AS has received consent to conduct drilling of an exploration well in a prospect in production licence 418 in the northern part of the North Sea, Norway. The drilling operation will be carried out with the Transocean Arctic semi-submersible drilling rig. Wintershall is the operator
“Ship of the Year” Crashes into Breakwater (UK)
The offshore supply vessel North Sea Giant collided with a breakwater last week at Peterhead port, Scotland, a local newspaper Buchan Observer reports. According to Buchan Observer, the vessel, named Offshore Support Journal’s “Ship of the Year 2012″, sustained damage to its hull when high winds cau
Statoil to Use Transocean Searcher on Tyrihans Field (Norway)
Statoil Petroleum ASA has received consent to use Transocean Searcher for intervention work on the Tyrihans field. The consent relates to use of the Transocean Searcher semi-submersible drilling facility to carry out intervention work in well 6407/1-B-3 H, which is part of production licence 091. Th
Mechanical Failures Extend Yard Stay for Songa Trym (Norway)
Songa Offshore, a drilling contractor based in Cyprus, yesterday announced that due to unexpected mechanical failures to already overhauled, installed and certified equipment and late delivery of OEM equipment, the completion of the yard stay for Songa Trym will be further delayed. The work and acce
BP Reports 4Q Profit of $4 Billion (UK)
British oil giant BP today announced reported profit of $4.0 billion for the fourth quarter 2012, compared to $5.0 billion for the same period in 2011. For the full year the profit was $17.6 billion compared to $21.7 billion in 2011. According to Reuters, the results are better than those predicted
Blue Water Transports Dismantled Rig from UAE to Russia
Following a successful delivery of the EDC Neptune from UAE to Russia in 2012, Lamprell Energy has again selected Blue Water Shipping as their transport partner to deliver a LeTourneau S116E jack-up rig from their Hamriyah yard to Russia. “We selected Blue Water Shipping due to their competitive bid
BG’s 4Q Earnings Drop 29 Pct. 2013 Capex Set at $12 Billion
BG Group, a UK-based oil and gas company, today announced that its full year 2012 earnings rose 3% to $4.4 billion. The company’s 4Q 2012 earnings dropped 29% to $1 billion The recently appointed, BG Group’s Chief Executive, Chris Finlayson said, “Earnings in the fourth quarter were down 29% to $1.0
Boskalis Buys More Dockwise Shares (The Netherlands)
Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired 28,340 ordinary shares in Dockwise in the course of trading yesterday. All these Shares were acquired through Euronext Amsterdam and were purchased at an average price of EUR 18.49 per Share with a maximum price of EUR 18.50
Ithaca Completes Cook Field Acquisition (UK)
Ithaca Energy Inc. has completed the acquisition of the wholly owned UK subsidiary company of Noble Energy Capital Limited (a subsidiary of Noble Energy Inc. which owns the 12.885% non-operated interest in the Cook field. Following the transaction, the Company now holds a 41.345% in the Cook field.
BP, Maersk Drilling Developing New Breed of Offshore Drilling Rigs
BP announced today it has reached an agreement with Maersk Drilling to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources. The agreement is part of BP’s Project 20KTM, a multi-year