Fossil Energy
Top News of the Week of Jan 14 – 19, 2013
Top News of the Week of Jan 14 – 19, 2013
Stork Appoints New CFO
With effect from February 1, Stork Technical Services has appointed Pim Oomens as member of the Board of Management. He will become Chief Financial Officer with effect from March 1. Pim Oomens is the successor to Hans Turkesteen, who will leave the Stork group on March 31. Hans Turkesteen has been C
Schlumberger Revenue Rises to $42.15 Bln
The world’s largest oilfield services provider, Schlumberger, today reported full-year 2012 revenue of $42.15 billion versus $36.96 billion in 2011. Full-year 2012 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $5.58 billion, representing diluted e
Noreco Makes Changes to Its Management Team (Norway)
Norwegian Energy Company ASA (Noreco) is implementing changes to its management team. John Bogen has been appointed COO & VP HSE. Bogen holds an MSc from the Norwegian Institute of Technology (NTNU) within Industrial Engineering. He has more than 30 years of experience from the petroleum industry an
ROMAR Reports Growth in Turnover (UK)
Oilfield service company ROMAR International has announced its 2012 financial results showing the turnover exceeded £4 million from £2.5 million in 2011. The growth comes on the back of a successful year for the company in which- it secured a multimillion pound contract extension with major operator
Transocean Pens Another Sedco 714 Deal with Total (UK)
Transocean, a Switzerland-based offshore drilling contractor, has secured a new contract for its Sedco 714 semi-submersible rig. The drilling company announced in its Fleet Status Report yesterday, that the oil company Total E&P UK, a subsidiary of the French oil major Total, is extending the rig co
DECC Approves Nexen’s Solitaire Development Plan (UK)
Nexen Petroleum U.K. Ltd. announced today that it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Solitaire field development, a project that’s expected to produce eight million barrels of oil. The Solitaire field is located in central North Sea b
Oil Flows Through Brent Pipeline. Cormorant Alpha Rig Remains Shut (UK)
Abu Dhabi National Energy Company PJSC (TAQA) has confirmed that initial flows of crude oil have resumed in the Brent pipeline system following a precautionary shutdown on Monday. The pipeline system, which is operated by TAQA and runs through the Cormorant Alpha platform, was halted after hydrocarb
2012: Record Year for Upstream M&A Activity, Wood Mackenzie Says
2012 was another record year for upstream M&A activity totalling $232 billion of spend according to Wood Mackenzie’s annual M&A review. The year was dominated by three major transactions in the second half of the year: Rosneft/TNK-BP; CNOOC/Nexen; and Freeport/Plains. Excluding these deals, while it
Eni Norge Wins Operatorship in Barents Sea PL 697 (Norway)
As part of the Awards in the Predefined Areas (APA) round for 2012 Eni Norge has been awarded operatorship in PL 697 and partnership in PL 696 in the Barents Sea, as well as partnership in PL 091 D in the Norwegian Sea. Eni Norge said it was pleased with the award. It confirms their […]
SPE London Announces Keynote Speakers (UK)
The Society of Petroleum Engineers London Section (SPE London) announced that this year’s conference for oil & gas industry and City professionals will focus on: ‘Managing oil and gas portfolios in uncertain markets’. SPE London also confirmed that the keynote speakers include: Didier Holleaux, CEO,
TAQA Working to Restore Oil Flow Following Rig Shutdown (UK)
TAQA has begun the process of restoring the flow of an estimated 80,000 barrels per day (bpd) of crude oil in the Brent pipeline system following a precautionary shutdown on Monday. The pipeline system, which is operated by TAQA and runs through the Cormorant Alpha platform, was halted after a small
Wartsila Names New Quality Department VP (Finland)
Philip Maguire, BSc (Hons) in Electrical and Electronic Engineering, has been appointed Vice President, Wärtsilä Quality, as of 1 February 2013. Maguire will be responsible for Wärtsilä’s group-wide quality programme and the quality organisation. He will be a member of the Wärtsilä PowerTech managem
IKM Provides ROV Services to Nexans (Norway)
IKM Subsea has secured a 3+2 year frame agreement by Nexans Norway for ROV services. The contract has an expected value in excess of 100 million NOK. Initially the frame agreement will include ROV services onboard Nexans Cable lay ship, Skagerrak Nexans. Further ROV work on other vessels chartered b