Fossil Energy
Gazprom, Bulgargaz Discuss South Stream Project Implementation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dimitar Gogov, Executive Director of Bulgargaz, was yesterday held at the Gazprom headquarters in Moscow. The parties discussed the issues of bilateral cooperation in the energy sector and the prospects for wid
STATS Completes Pipeline Isolation Project in Dutch North Sea
Pipeline engineering specialist, STATS Group, has completed an isolation project on a 16” subsea pipeline in the Dutch sector of the North Sea on behalf of Wintershall Noordzee BV. The isolation enabled the client to disconnect a flexible gas export pipeline so it could be replaced with a new rigid
Shell Allowed to Use West Navigator Drillship for Draugen Drilling
AS Norske Shell has received consent from The Petroleum Safety Authority Norway to use West Navigator for drilling on the Draugen field in the Norwegian Sea . AS Norske Shell has received the Petroleum Safety Authority Norway’s (PSA’s) consent to use the West Navigator mobile drilling facility. The
Statoil: Permanent Seabed Seismic Streamers to Boost Production
New seismic tools will result in 30 million extra barrels of oil from Snorre and Grane when Norway’s oil company Statoil and its partners now start using permanent reservoir monitoring (PRM). The technology will ensure a better understanding of the reservoirs. Snorre and Grane are two oil fields wit
Rosneft Buys AAR’s Stake in TNK-BP for $28 Bln (Russia)
Rosneft has signed an agreement to purchase from the AAR Consortium (Alfa Group, Access Industries and Renova) its 50% stake in TNK-BP. The purchase price in the transaction is determined based on the base value of AAR’s stake in TNK-BP of $28 bln. Completion of the transaction is subject to approva
BG Waves Goodbye to Chapman. Appoints New CEO
BG Group plc (BG Group) today announces that Chris Finlayson has been appointed as Chief Executive, to succeed Sir Frank Chapman. Chris, who is currently Executive Director and Managing Director BG Advance, will take over as Chief Executive on 1 January 2013. Chris, who has over 35 years experience
Statoil Orders Subsea Equipment for Oseberg Field from FMC Technologies
FMC Technologies, Inc. announced today that it has received an order from Statoil for subsea equipment for the Oseberg Delta 2 Project in the Norwegian sector of the North Sea. The order has an estimated value of $152 million in revenue. FMC Technologies’ scope of supply includes five subsea trees,
Havyard Delivers Havila Charisma PSV (Norway)
The PSV vessel Havila Charisma is today delivered from the yard Havyard Ship Technology in Leirvik in Sogn to a company owned 50% by Havila Shipping ASA. The platform supply vessel is of Havyard 833 L design, the breadth is 19.6 meters and length is 92.8 meters with a deck area of 1100 square meters
Foster Wheeler Awarded Kårstø and Kollsnes FEEDs by Statoil
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has signed a three-year frame agreement with Statoil Petroleum AS for the provision of front-end engineering design (FEED) services for future projects at the Kårstø and Kollsnes processing plants, l
Good Start for Breagh Development, Sterling CEO Says
Sterling Resources Ltd. has announced the results of production testing from the initial three wells completed as part of the on-going Breagh Development in the UK sector of the North Sea. In summary, all well results fall within the range of expected outcomes from the reservoir simulation model. On
Statoil Orders Umbilicals from Nexans for Its NCS Fast-Track Projects
Nexans, a worldwide expert in the cable industry, has been awarded a 45 million Euro contract by Statoil to supply static and dynamic umbilicals for three fast-track projects on the Norwegian Continental Shelf – the Oseberg Delta field (North Sea), the Snøhvit gas field (Barents Sea) and the Smørbuk
Statoil to Use Ocean Vanguard Rig to Drill Exploration Well in PL 169 (Norway)
Statoil Petroleum ASA has received consent to carry out exploration drilling with the Ocean Vanguard mobile drilling facility. The consent relates to drilling of well 25/11-26 which is part of production licence 169. The well is located in the North Sea, west of Stavanger and is situated approx. 178
Aker Solutions, Shell Ink 5-Year Agreement for Delivery of Subsea Umbilicals
Aker Solutions, a Norway-based oilfield services provider, has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally. The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions es
Coretrax Moves to New Headquarters (UK)
Aberdeen-based oilfield services firm, Coretrax, has moved to a new purpose built HQ with an investment of £2.4million into the office and workshop space. Formed in 2008, the company had outgrown its previous offices in Altens, Aberdeen. The firm moved last month to accommodate its range of wellbore