Fossil Energy
Spaniard East Well a Dry Hole (UK)
Premier Oil-operated Spaniards East well in UK block 15/21 in the North Sea has reached a total depth of 10,694 feet and is being plugged and abandoned as a dry hole. The well, which was spudded on October 14, 2012, encountered 75 feet of Jurassic sands but these were shown to be water wet on [&hell
BG Secures $3 Billion Syndicated Committed Credit Facility
UK’s natural gas company BG Group today announces a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines. The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank
Kongsberg: New Concept to Enhance Safety & Efficiency for Seismic Surveys
The KONGSBERG SIMOPS concept has been adapted to provide real-time monitoring of all assets during multi-vessel seismic survey operations,
Keppel Secures S$160 Mln Worth of Contracts
Keppel Offshore & Marine Ltd’s (Keppel O&M) subsidiaries, Keppel Subic Shipyard, Inc. (Keppel Subic Shipyard) in the Philippines and Keppel Verolme BV (Keppel Verolme) in the Netherlands, have secured contracts totalling S$160 million. Keppel Subic Shipyard has been awarded a contract from Shell Phi
PSA Inspects ConocoPhillips’ Electrical Personnel (Norway)
During the period 25 – 26 September 2012, the Petroleum Safety Authority Norway (PSA) conducted an audit of ConocoPhillips Skandinavia AS’ (CoPSAS) follow-up of electrical installations and personnel responsible for such installations. The objective of the audit was to verify compliance with regulat
SapuraKencana, Seadrill to Merge Tender Rig Businesses
SapuraKencana Petroleum Berhad and Seadrill Limited have entered into a non-binding memorandum of understanding (“MOU”) to combine and integrate both companies’ tender rig businesses. The two companies including their predecessor companies have operated part of their tender rigs businesses together
BMT Secures Quad 204 FPSO Job (UK)
Page Europa has awarded a contract to BMT Scientific Marine Services Inc (BMT) to provide an Integrated Marine Monitoring System (IMMS) for the new Quad 204 FPSO that will replace BP’s Schiehallion FPSO operating West of the Shetland Islands. The IMMS will provide real-time data on the local meteoro
Statoil to Use West Alpha for Norwegian Sea Exploration
Petroleum Safety Authority Norway has granted approval to oil company Statoil to carry out exploration drilling with West Alpha offshore drilling rig. Statoil will use the 1986. built semi-submersible rig to drill the 6610/10-1 well, located in PL 286 in the Norwegian Sea. The drilling, in a water d
Aker Solutions’s Order Backlog at Its Highest Level Ever
Norwegian oilfield services provider Aker Solutions, on Friday, November 2, reported its operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 per cent higher than in the first nine months of 2011. Quarterly earnings before interest, tax, depreciation
Lilaas Lever Technology for Global Offshore PSV
Lilaas AS has secured the breakthrough order for its innovative electronically-controlled LO1 lever range, which was officially launched at this year’s SMM exhibition in Hamburg. The company will supply its first LO1 units to US-based Marine Technologies LLC, which is delivering a BridgeMate thruste
Director Says 2012 Dron & Dickson’s Most Successful Year to Date (UK)
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2011/12 of more than 33% on last year, with turnover increasing to £37.6 million from £27.6 million. The growth comes on the back of a number of significant contract wins for t
Deep Sea Supply Wins AHTS Deals in Malaysia, Brazil
Deep Sea Supply, a Norwegian owner of offshore support vessels, has secured a 1 year contract for the AHTS vessel “Sea Eagle 1” for operations in Malaysia. The shipowner did not disclose the name of the client, but only said the client was “an international oil company”. The value of the contract, w
Bibby Offshore: New Diving Support Vessel Creates 60 Offshore Positions
Aberdeen-based subsea installation contractor Bibby Offshore has announced it will increase staff numbers by a further 60 as it takes over ownership of the Dive Support Vessel (DSV) Toisa Polaris. The vessel came under the control of Bibby Offshore in January 2012 on a two-year time charter with opt
Kvaerner Revenues Fall in 3Q 2012 (Norway)
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounte