Fossil Energy
Boskalis Secures Cash for Dockwise Acquisition (The Netherlands)
Boskalis which in December 2012 announced its decision to make an all cash voluntary public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend (the Offer), today confirmsthat it has the necessary funds available to finance the Offer. T
RQM365 AS: New Recruitment Company for Offshore Workers (Norway)
A new recruitment company named RQM365 AS has been established in Ulsteinvik, Norway. The company will conduct recruitment, qualification and manning for the oil industry, especially targeting platform. Many significant discoveries and high activity on the Norwegian continental shelf represents a ma
Iceland Awards Two Production Licences in Dreki Area
Iceland’s Orkustofnun has on January 4, in the presence of the Norwegian Minister of Petroleum and Energy, Ola Borten Moe, and Minister of Industries and Innovation, Steingrímur J. Sigfússon, issued two licences for exploration and production of hydrocarbons in the Dreki Area. Orkustofnun granted li
EnerMech Opens Second Norwegian Base
Mechanical engineering company, EnerMech, is to open a second Norwegian base as part of a £3 million (NOK 27.7 million) investment to grow its Scandinavian business. The new base and workshop in Bergen was selected to be closer to Norway’s largest shipyards and to offer a rapid response service to e
Endeavour Moves Rig to East Rochelle Prospect (UK)
Endeavour International Corporation yesterday announced that the Transocean Prospect semi-submersible drilling rig has been mobilized to the Rochelle field to complete the drilling of the East Rochelle development well in the U.K. Central North Sea. After a short mobilization period, anchoring and s
Statoil to Use Ocean Vanguard Rig for Drilling at PL 502 (Norway)
Statoil Petroleum ASA has received consent to carry out exploration drilling with the Ocean Vanguard semi-submersible drilling rig in block 16/5, offshore Norway. The Petroleum Safety Authority Norway (PSA) has granted Statoil consent for exploration drilling of well 16/5-3. The drilling is schedule
Lotos Drills Duster in Norwegian North Sea
LOTOS EPN AS, operator of production licence 498 in the Norwegian sector of the North Sea, has completed drilling of wildcat well 7/8-6 S. The well is dry. The drilling took place 35 kilometres northwest of the Ula field in the southern part of the North Sea. The objective of the well was to prove [
Rolls-Royce to Provide Power and Propulsion for Four OSVs in China
Rolls-Royce, the global power systems company, has won a £26 million order to provide an integrated design, power and propulsion and equipment package for four Rolls-Royce UT 771 CDL offshore supply vessels to be built at COSCO (Zhoushan) Shipyard Co. Ltd, in China for a Hong Kong owner. The contrac
EMGS Reports 2012 Results and Vessel Schedule (Norway)
Electromagnetic Geoservices ASA (EMGS) has published an update on full year 2012 results and vessel schedule. Based on preliminary and unaudited results, EMGS expects to report 2012 annual revenues of approximately USD 200 million and EBITDA of approximately USD 50 million. Total fourth quarter 2012
ITF Names New CEO (UK)
ITF, the global technology facilitator, has confirmed today that Patrick O’Brien will become its new Chief Executive Officer. Dr O’Brien, who is currently the Group Director Strategic Business and Marketing with Wood Group Kenny, will officially begin his role on 1st April 2013 and takes over from M
PSA Inspects Telecommunications Systems on Ekofisk (Norway)
The Petroleum Safety Authority Norway (PSA) carried out an audit of the Ekofisk 2/4H, 2/4-Q, 2/4-C and 2/4-FTP facilities during the period 19-21 November. In relation to radio and telecommunications systems, the objective of the audit was to verify the technical condition, maintenance, expertise an
Trapoil to Acquire 45 Percent Interest in Orchid Oil Discovery (UK)
Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announced that it has entered into non-binding heads of terms potentially to acquire an additional 45 per cent working interest in Licence P.1556, Block 29/1c
Ocean Installer, McDermott Form North Sea Pipelay Alliance
Norwegian subsea entrepreneur Ocean Installer and leading offshore engineering and construction company McDermott have established an exclusive alliance to jointly meet customers’ increasing rigid pipelay needs in the North Sea subsea market. The alliance marks McDermott’s re-entry into the North Se
MOG Updates on Italian Operations
The Board of Mediterranean Oil & Gas Plc announced an operational update related to the Company’s activities in Italy. MOG’s total net production for 2012 was 50.68 million scm (equivalent to 1.8 billion scf or 319,000 boe). This represents an average net production of 138,470 scm per day or 872 boe