Fossil Energy
Maersk Drilling 3Q Income Impacted by Costly Start-Ups
Denmark’s Maersk Drilling reported a drop in profit in the third quarter 2012. The company’s net income for the quarter was USD 87 million compared to USD 139 million in the third quarter of 2011. The latest quarterly result was negatively impacted by two delayed contract start-ups and maintenance y
BP, AAR Resolve Disagreements
UK’s BP and Russian consortium AAR, joint shareholders in TNK-BP, today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them, including the current arbitrations brought by each against the other. The agreement includes an immediate waiver of the
WFS Tests Wireless Subsea Modem at The Underwater Centre (UK)
An innovative new wireless subsea modem has been trialled at The Underwater Centre, a unique subsea testing and training facility in Fort William, Scotland. WFS Technologies – the world’s leading supplier of wireless technology for underwater communication, navigation and power transfer – trialled t
EBDC Appoints New Marketing Manager (Denmark)
Esbjerg Business Development Centre is continuing its ambitious growth strategy for the Municipality of Esbjerg, Denmark, as a focal point for the energy sector, through the appointment of Lone Aaboe Jessen as its new Marketing Manager. Jessen has considerable international and regional business exp
Expro Launches SafeWells at SPE ICoTA Conference (UK)
International oilfield services company, Expro, is officially launching its well integrity software solution at this year’s SPE ICoTA European Well Intervention Conference, in Aberdeen. SafeWells is a software solution specifically developed by Expro as an effective well integrity data management sy
CGGVeritas to Fund Fugro Acquisition Through Bond Issue (France)
CGGVeritas announces today the launch of an offering of bonds convertible into and/or exchangeable for new or existing shares (“OCEANEs”) due 1st January 2019 in an initial nominal amount of approximately €315 million, which may be increased up to a maximum nominal amount of approximately €360 milli
Antrim Inks HOA for Fyne Field FPSO (UK)
Antrim today announced a Heads of Terms agreement has been signed with Hummingbird Production Limited, a subsidiary of Teekay Corporation, for an option to lease the “Hummingbird Spirit” Floating Production, Storage and Offloading vessel (“FPSO”) for the development of the Fyne Field in UKCS Central
TTS, Kleven Verft Sign Crane Delivery Contract (Norway)
TTS Group has received an order from Kleven Verft for delivery of an active heave compensated subsea crane. Under the agreement, TTS Offshore Handling Equipment AS, a Bergen-based subsidiary of TTS Group, will deliver the crane which will subsequently be installed on an offshore construction vessel
PGS to Hire Four New Seismic Support Vessels
Norwegian seismic survey specialist Petroleum Geo-Services (PGS) has signed charter agreements with the Faroe Islands-based PF THOR for four new seismic support vessels to assist its seismic operations worldwide. According to the press release issued by PGS, the vessels will be built at Besiktas in
Lundin Spuds Johan Sverdrup Appraisal Well (Norway)
Lundin Petroleum AB has spudded the appraisal well 16/2-16 in PL501 on the Johan Sverdrup discovery located in the Norwegian part of the North Sea, the Swedish company announced today. The well is located on the north eastern flank of the discovery with the objective to establish the depth, quality
KBR, FMC Technologies Awarded Project 20K™ Contracts by BP
BP announced today it has awarded the first contracts for Project 20K™, a multi-year initiative to develop next-generation systems and tools to help unlock the next frontier of deepwater oil and gas resources, currently beyond the reach of today’s technology. The initial contracts will go to KBR and
Lundin Allowed to Drill New Well in North Sea (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/2-16, cf. Section 8 of the Resource Management Regulations. Well 16/2-16 will be drilled from the Transocean Winner drilling facility at position 58°51’1.14’’ north 02°35’50.55’’ east for Lundin Norw
Gazprom, Eni Execs Meet in Moscow
Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni met today at Gazprom’s headquarters in Moscow. During the meeting, the two parties discussed the current situation and the outlook for the cooperation between the two companies in the oil & gas sector. In addition, they analyzed the current environ
Providence: Drombeg Could Hold 872 MMBO (Ireland)
Providence Resources P.l.c., the Irish oil and gas exploration and production company, provides a technical and resource update on Licensing Option 11/9 (“Drombeg”). Providence (80%, Operator) and Sosina Exploration (20%) were awarded Licensing Option 11/9 (“Drombeg”) as part of the 2011 Irish Atlan