Fossil Energy
Seadrill, Husky to Enter $1.2 Bln Rig Contract
Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance
Cyberhawk, Stork Win Oil & Gas UK Award for Offshore Aerial Inspection Innovation
Remote aerial inspection company Cyberhawk Innovations and Stork Technical Services have won the Business Efficiency category in the Oil and Gas UK Awards 2012 for a money-saving and time-saving assessment of offshore asset condition. The inspection is the first offshore inspection in the North Sea
Reef Subsea: Q1000 Subsea Trenching ROV Trials Complete (UK)
Reef Subsea today announced that its subsidiary company, Reef Subsea Power and Umbilical Ltd., with offices in Stockton-on-Tees and Aberdeen, has successfully completed a series of offshore trials on its recently launched Q1000 subsea trenching ROV. The capabilities of both the trencher and its Laun
Floatel Superior to Be Repaired in 1-2 Weeks, Owner Says
Floatel Superior accommodation rig, which was on November 7 evacuated after it had tilted 4 degrees due to a hole in the ballast tank, arrived at Kristiansund on Friday, November 9. The owner of the unit, Floatel International, informed that a first inspection of the damage was carried out confirmin
Teekay Buys HiLoad DP Unit from Remora
Teekay Offshore Partners on Friday announced that it has entered into an agreement to acquire a 2010-built HiLoad Dynamic Positioning (DP) unit from Remora AS (Remora), a Norway-based offshore marine technology company, for a total purchase price of approximately $55 million. The HiLoad DP unit is a
EnerMech Completes Hydraulics Job on GSF Galaxy 1 (UK)
Mechanical engineering company, EnerMech, has completed a £500,000 hydraulics workscope on Transocean North Sea’s jack-up rig, GSF Galaxy 1. The rig was docked at Global Energy’s Nigg facility in the Cromarty Firth, where EnerMech engineers performed an overhaul of the leg chock system and rig skidd
Prospector Offshore Drilling Secures Loan to Finance Rig Construction
Prospector Offshore Drilling S.A. has entered into a non-binding terms and conditions agreement with the China Development Bank Corporation for a senior secured credit facility to finance the final installment of the shipyard construction contract with Dalian Shipbuilding Industry Offshore Co., Ltd.
Oil Starts Flowing from Causeway Field (UK)
Oil has started flowing from the Causeway Field in UKCS Block 211/23d, Antrim today announced. The company holds 35.5% working interest in the field. Commissioning of the Causeway field has now commenced with gross production rates of around 4,500 barrels of oil per day on a 53% choke. Initial produ
SBM Offshore Sells GustoMSC (The Netherlands)
SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximat
Poland’s Lotos Starts Drilling at Skagen Prospect, Offshore Norway
The Polish energy company LOTOS Exploration & Production Norge has started the drilling of its first operated exploration well on the Norwegian Continental Shelf. Exploration drilling on the Skagen oil prospect in production licence 498 in the North Sea began on 9 November. Located about 32 kilometr
GC Rieber Secures Contracts for Two Vessels (Norway)
Norway’s GC Rieber Shipping today, November 9, announced it has entered into a charter party with Boa Marine Services Inc. for the CSV “Polar Queen” for a firm period until April 2013. The agreement also includes options for 2 years extension after expiry of the firm charter period. Boa Marine Servi
Northern Petroleum Makes New Board Appointments (UK)
Northern Petroleum announced that Nick Morgan and Keith Bush have been appointed to the Board of Directors. Morgan will become Finance Director. Morgangained a degree from Exeter University, trained with Price Waterhouse and is a member of The Institute of Chartered Accountants in England and Wales.
Winners of 2012 Oil & Gas UK Awards Announced
The winners of the 2012 Oil & Gas UK Awards, sponsored by Shell U.K. Limited, have been announced. All five were presented with their awards at a ceremony at the Aberdeen Exhibition and Conference Centre on 8 November, where over 600 people from across the oil and gas industry had gathered to celebr
Sea Trucks Secures Subsea Installation Contract in Mexico
Sea Trucks Group yesterday announced it was recently awarded a contract in Mexico with Tradeco for a pipeline installation project for Pemex. It concerns the AKAL field project; 3 subsea pipelines of 24” dia to connect 4 platforms, located in the Gulf of Mexico, approx. 90 km north east of Ciudad De