Fossil Energy
EnerMech Profits to Double (UK)
Mechanical engineering services company, EnerMech Ltd, doubled turnover in 2011 to £102 million, up from £50.6 million in 2010, according to its latest group accounts. The Aberdeen-based group delivered an £8.4 million profit (EBITDA) and forecast 2012 profits would almost double to £14 million on e
JDN Monorail BOP Handling Hoists Pass First Annual Inspection (Norway)
Four J D Neuhaus EH 60 air operated monorail hoists supplied for offshore BOP handling have completed 12 months satisfactory operation to customer requirements and have also successfully passed their first annual inspection. These hoists were supplied and initially mounted in Norway by Westcon Løfte
Wintershall Discovery Oil at PL 457 (Norway)
Wintershall Norge AS, operator of production licence 457, has completed drilling of wildcat well 16/1-16 (Asha Noor) and appraisal well 16/1-16 A. The 16/1-16 and 16/1-16 A wells were drilled about three kilometres east of the 16/1-9 discovery well in the Ivar Aasen discovery and about three kilomet
Songa Offshore Appoints New Directors
Songa Offshore SE, an international offshore drilling contractor, yesterday announced an extension of its Board of Directors with the appointment of two new independent directors, Arnaud Bobillier (56) and Steven James McTiernan (61). The newly appointed directors have extensive experience of the in
Tidewater Buys Three Platform Supply Vessels from STX OSV (Norway)
STX OSV Holdings Limited, has announced that Tidewater Inc. has acquired contracts for three Platform Supply Vessels (PSVs) under construction at STX OSV in Norway. STX OSV had originally secured the contracts for the design and construction of three vessels for STX Pan Ocean Co. Ltd. in 2010, and T
Boskalis Raises Cash to Finance Dockwise Acquisition (The Netherlands)
Royal Boskalis Westminster N.V. (Boskalis) has successfully raised EUR 320 million of equity at a price of EUR 33.00 per ordinary share. A total number of 9,696,969 new ordinary shares (the Shares) were placed, 4,896,180 through an accelerated bookbuild offering (the ABB Offering) and 4,800,789 thro
Norway Upstream Sector Thriving, Wood Mackenzie Report Says
Wood Mackenzie’s annual review of the Norwegian upstream sector shows that the country’s oil and gas industry is thriving: 2012 was a record year for capital investment, M&A activity, and licences awarded. However, this was tempered by an underwhelming year for exploration and concerns about the sec
CB&I Bags $250 Million Mariner Topsides Design Contract
CB&I has been awarded a project valued in excess of US$250 million by Daewoo Ship building & Marine Engineering Co, Ltd. (DSME). CB&I’s scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is part of the Mariner
Rem Offshore Secures Contract for Rem Installer OSCV (Norway)
Norway’s Rem Offshore ASA has entered into a long term contract agreement with an international subsea company for the OSCV vessel “Rem Installer”. The vessel, of MT 6022 design, will be delivered from Kleven Verft AS in June 2013. The firm contract period is 3 years, with an option for charterer to
Ramboll Oil & Gas Wins Polarled Pipeline Design Contract (Norway)
Statoil has awarded Ramboll Oil & Gas the detailed design contract for the 36” Polarled pipeline project (previously named the NSGI project), as well as detailed design for the 30 km 18” Kristin Gas Export pipeline connecting to the Polarled pipeline. The Polarled pipeline project, which crosses the
Wood Mackenzie: Mixed UK Upstream Sector Review
Wood Mackenzie’s annual UK upstream review concludes that continued high oil prices and fiscal engagement between the UK Government and industry have given companies the confidence to invest in the UK. However optimism generated by high levels of capital investment and M&A activity has been dampened
Statoil Gets Approval to Use COSLPromoter at Troll (Norway)
Statoil Petroleum ASA has received consent to use COSLPromoter for drilling, completion, well workover, well intervention and plugback of production wells on the Troll field in the Norwegian part of the North Sea. The consent relates to use of the semi-submersible COSL Promoter drilling facility to
Gas from Norway More Attractive than Ever, Gassco CEO Says
Gas piped from fields off Norway to receiving terminals in Germany, Belgium, France and the UK totalled 107.6 billion standard cubic metres (scm) in 2012, up by 13.4 billion from 2011. “This represents a new record for Norway’s annual gas deliveries,” says Brian Bjordal, chief executive of transport
Suncor About to Complete Romeo Drilling (UK)
Suncor is about to complete drilling of exploration well 30/11c on the Romeo prospect in license P1666 in the UK North Sea. The well is being drilled by the Awilco WilHunter rig. The well has encountered oil at three different stratigraphic levels within the Jurassic and Triassic comprising in aggre