Fossil Energy
Mintra to Exceed Growth Targets (UK)
Aberdeen-based Mintra Training Portal Limited has capped its first 18 months in business by securing a clutch of training contracts worth £8million. A leading provider of learning, training and competency solutions for the oil and gas industry, the company is on track to significantly exceed its gro
TAQA Evacuates 92 Workers from North Sea Platform
Taqa Bratani yesterday evacuated non-essential crew from its North Cormorant platform in the UK North Sea, after a gas leak alarm went off. The company has informed that 92 non-essential personnel were moved to the nearby offshore installations. A total of 202 personnel were on board at the time and
Interest in Offshore Achievement Awards Increases (UK)
The recent boom in the energy industry is being reflected in the increased interest for this year’s Offshore Achievement Awards. Inquiries for the Significant Contribution award are already much higher than last year, after the category was widened to take into account a greater number of potential
Lundin Makes Minor Oil Discovery Near Snøhvit Field (Norway)
Lundin Norway AS, operator of production licence 490, has completed the drilling of wildcat well 7120/6-3 S in the Barents Sea, offshore Norway. The well was drilled about 10 kilometres northwest of the Snøhvit field. The objective of the well was to prove petroleum in reservoir rocks from the Early
Romgaz Acquires Stake in Blocks Off Romania
LUKOIL Overseas, an OAO LUKOIL subsidiary, has signed a deal on the reassignment to Romania’s national gas company Romgaz of an 8-percent share of the rights and obligations under concession agreements for hydrocarbon exploration, development and production on the Est Rapsodia and Trident blocks in
PA Resources Farms Out 10 Pct of Its Offshore Germany Licence
PA Resources has farmed out a 10% interest in German licence B20008/73 adjacent to the PA Resources operated Danish licence 12/06 in which the Broder Tuck and Lille John discoveries were made in 2011. Subject to the necessary regulatory approvals, the company’s subsidiary PA Resources UK Limited wil
Boskalis Buying Dockwise for $884 Mln (The Netherlands)
Boskalis has announced its intention to acquire heavy-lift and transportation specialist Dockwise for a total consideration of EUR 682 million ($883,8 million). Boskalis has said that the combination of the two companies provides new strategic opportunities for accelerated growth of the offshore ser
Rosneft, Statoil Promise to Protect Arctic Environment
President and Chairman of the Management Board of Rosneft Igor Sechin and President and CEO of Statoil Helge Lund on Friday signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf. Acknowledging that t
BP Names New Upstream Head
BP today announced the appointment of Lamar McKay, 53, as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013. In his new role, McKay will lead BP’s combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Up
Norway: Gov’t Approves Statoil’s Svalin Development Plan
The Ministry of Petroleum and Energy (MPE) Norway has approved the Plan for Development and Operation (PDO) of Svalin. The field is one of Statoil’s fast-track developments, the ninth in a row. “This is the first tie-in field to Grane, and it is one of the most profitable projects in the fast-track
Noreco Reports Net Loss of USD 42.7 Mln (Norway)
Norwegian Energy Company ASA (Noreco) presented its third quarter 2012 results, with a negative EBITDA of NOK 32 million (5.6 mln USD) and a net loss of NOK 243 million (42.7 mln USD). The Noreco Group had revenues of NOK 240 million (42.2 mln USD) in the third quarter 2012, an increase of 23 percen
Gulfsands Acquires Additional Interest in Tunisia and Italy Permits
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Tunisia and the U.S.A., announces that the Company has reached an agreement to acquire additional participating interest positions in two exploration permits in Tunisia (Chorbane and Ke
Olympic Shipping Takes Delivery of MPSV Olympic Taurus (Norway)
Norway’s Olympic Shipping has taken delivery of the Olympic Taurus MT 6015 Offshore Supply Vessel from Kleven Verft. Olympic Taurus is a Multipurpose Offshore Vessel with diesel electric propulsion, low fuel consumption and high flexibility. The vessel represent a new generation of environmentally f
Ocean Installer Celebrates Half Year in Aberdeen (UK)
Six months after Ocean Installer opened its UK office in Aberdeen, the Norwegian subsea entrepreneurial company yesterday welcomed the industry to celebrate the company’s considerable achievements so far. Martin Sisley, UK Managing Director of Ocean Installer, opened the celebrations by reflecting o