Fossil Energy
Oil & Gas UK Applauds Statoil’s Mariner Investment Decision
Oil & Gas UK the representative body for the UK offshore oil and gas industry has welcomed Statoil’s investment of over £4 billion in the UK’s oil and gas reserves. Mike Tholen, Oil & Gas UK’s economics director, said: “An investment of this magnitude in the UK’s oil and gas reflects this industry’s
Wood Group Bags Contract for Nexen’s GEAD (UK)
Wood Group ODL has been awarded a contract worth £500,000 (GBP) to deliver tailored documentation and training systems to Nexen Petroleum UK Limited for its Golden Eagle Area Development (GEAD), in the UK North Sea. Under the contract, ODL will develop site specific operating procedure manuals, proc
Italy’s Fincantieri to Splash USD 1.2 Bln on STX OSV Acquisition
Italy’s Fincantieri has signed an agreement for the acquisition from STX Europe of 50.75% of STX OSV, a company listed on the Singapore Stock Exchange and world leader in the construction of offshore support vessels for oil and gas extraction and production. With 21 shipyards in 3 different continen
Linjebygg Offshore Wins Draugen Platform Contract (Norway)
Today Linjebygg Offshore has been awarded a contract for the delivery of insulation, scaffolding and surface treatment services to the Draugen platform. The contract between Aibel and Linjebygg Offshore (LBO) has a total value of around NOK 600 million (USD 107.7 mln) over five years. In addition to
Boskalis Bags Two Scandinavian Offshore Contracts Worth USD 132 Mln
Royal Boskalis Westminster N.V. (Boskalis) has acquired two offshore energy-related contracts in Scandinavia with a combined value of around EUR 100 million. Boskalis Offshore has been awarded in joint venture a contract by the international energy company Statoil for various rock installation works
Statoil Makes FID for $7 Bln Mariner Development (UK)
Statoil has made the investment decision to develop the Mariner oil field development in the UK North Sea. The project entails investments of more than USD 7 billion and is the largest new offshore development in the UK in more than a decade. “Statoil has extensive heavy oil experiences from offshor
SeeByte, Bluefin Cooperate on Pipeline Inspections Software Solutions
SeeByte, the global leader in creating smart software for unmanned maritime systems, and Bluefin Robotics, the leading provider of Autonomous Underwater Vehicle (AUV) solutions, have announced their collaboration to provide enhanced software solutions for deepwater export pipeline inspections. The c
BP Extends Safe Scandinavia’s Valhall Operations (Norway)
Prosafe and BP Norge AS have agreed to extend the Safe Scandinavia’s operations at Valhall in the Norwegian part of North sea until 31st January 2013. In addition, Prosafe has granted BP Norge AS an additional one-month option. The value of the one-month contract extension is approximately USD 9.3 m
TGS, CGGVeritas Sign Seismic Vessel Charter LoI
Norway’s TGS announces that it has signed a Letter of Intent with France-based CGGVeritas Services S.A. to charter a 12 streamer vessel, for 3D multi-client projects in Europe during the 2013 summer season. The charter will begin in April and last for approximately six months. The details of the ind
Olympic Shipping Orders Subsea Construction Vessel
Norway’s Olympic Shipping has declared an option for delivery of another subsea support and construction vessel of the MT 6022 MK II design at Kleven Maritime. Delivery date is scheduled for March 2014. Over the last two years Olympic has contracted 6 first class vessels at a value of in total NOK 3
Boskalis Increases Dockwise Takeover Offer (The Netherlands)
Boskalis has today submitted an increased offer for all the issued and outstanding ordinary shares (the Shares) of Dockwise. The offer stands at EUR 18.50 per share which is an increase of 50 euro cents relative to the offer made on December 17. The offer values Dockwise at EUR 733 million with an e
Eni Completes Appraisal Drilling at Goliat Field (Norway)
Eni Norge AS, operator of production licence 229, has completed drilling of appraisal well 7122/7-6 on the Goliat field, in the Barents Sea, offshore Norway. The objective of the well was to investigate the reservoir properties in the oil-bearing zones that are included in the approved field develop
EMGS, Shell Pen a 3-Year Global Frame Agreement
Norway’s Electromagnetic Geoservices ASA (EMGS) today signed a three-year global frame agreement with Shell International Exploration & Production B.V. (Shell) for the provision of 3D electromagnetic (EM) services. Roar Bekker, EMGS chief executive officer, commented: “We are pleased to enter into t
Statoil Extends Contract for West Epsilon Jack-up Rig (Norway)
North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced today that Norway’s Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of