Fossil Energy
Safety Forum’s Meeting Adresses Key Industry Issues (Belgium)
Summary of meetings with key players in the EU Commission and the Norwegian delegation for the EU on 20 September was one of the topics at the Safety Forum’s meeting in Brussels on 21 September. In addition, mutual information and updates were provided as regards on-going issues, and the Safety Foru
Bourbon Offshore Takes Delivery of New PSV
China’s Zhejiang Shipbuilding Co. Ltd. has delivered the platform supply vessel Bourbon Calm to its owner, Bourbon Offshore, on 2 November 2012. Bourbon Calm is the third in a series of four platform supply vessels of ULSTEIN’s PX105 design to Bourbon Offshore Norway from this yard. The ship has a l
Record Quarterly Revenues for TGS (Norway)
Norwegian seismic survey specialist TGS yesterday, November 1, reported record net revenues of USD 245 million in Q3 2012. This is a a 53% increase compared to USD 136 million in Q1 2011. This is the highest quarterly revenue figure in the Company’s history. Net late sales totaled USD 139 million, u
Faroe Petroleum: No Development of Freya and Fulla Discoveries
Faroe Petroleum, an independent oil and gas exploration firm, has announced today, November 2, it will relinquish the licence P161, located west of Shetland Islands. The licence, operated by Faroe Petroleum with 50 per cent interest, contains Freya and Fulla discoveries, however, the company has bee
Aquaterra Energy to Supply Centralisers for BP’s Caspian Platform
Aquaterra Energy, a supplier of centraliser products has secured a contract to design and install 260 centralisers for BP Azerbaijan in their latest development on the West Chirag Platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The Aquaterra Energy contract includes pre-en
Rockhopper Secures Extension of Licences in Falkland Islands
Rockhopper, the North Falkland Basin oil and gas exploration company, has received notification that The Falkland Islands Government has granted a one year extension (to 18 November 2013), with no further work commitments, of Production Licences PL023 and PL024, in which Rockhopper has a 40 per cent
AGR: New Software Brings Revolution to Logistics Planning in O&G Industry
Aberdeen-based oil and gas service and technology provider AGR has launched a new logistics and materials management software programme for the oil and gas industry. The new software looks set to revolutionise logistics planning for the oil and gas industry by streamlining what previously required m
SapuraKencana Wins $229 Mln Underwater Services Job (Malaysia)
Petronas Carigali Sdn Bhd has sent a letter of award to Allied Marine & Equipment Sdn Bhd, for the provision of underwater services on a 3,5 years contract. Under the contract, worth approximately $229 million, Allied, a subsidiary of SapuraKencana, will provide underwater services, including inspec
PSA Norway: Heidrun Emergency Preparedness Need Improvement
The Petroleum Safety Authority Norway (PSA) today announced it had carried out an audit of leadership and management of preparedness on Statoil’s Heidrun field from 3-4 September 2012. The objective of the audit was to gain an overview of processes and systems that contribute to ensuring comprehensi
Seadrill Buys More Shares in Asia Offshore Drilling
International drilling contractor Seadrill Limited has today acquired additional 12,883 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of NOK 28.70 per share (USD 5.03) . Following this acquisition, Seadrill will be the owner of 65.89% of the total number of outstandin
Statoil Sets Timeline for Utsira High Power Supply
Norway’s state-controlled oil company Statoil today recommended a timeline for joint power supply from land to the Edvard Grieg, Ivar Aasen, Johan Sverdrup and Dagny fields, which will start power deliveries to this area of the Utsira High in the North Sea from 2018. The recommended proposed timelin
Fairstar: Commissioning of White Marlin, Christening of Finesse
Dockwise subsidiary Fairstar Heavy Transport N.V. today announces the commissioning of a new Type 1 Vessel to be named White Marlin and the christening of its most recent new-build vessel, Finesse. On acquiring Fairstar Heavy Transport N.V. in July 2012, Dockwise took charge of a set of vessel devel
Statoil Extends Wireline Services Contract with Aker Solutions
Statoil has exercised a two-year contract option with Aker Solutions for provision of mechanical wireline services on Statoil operated fields and mobile drilling units on the Norwegian continental shelf. The initial three-year contract period started in 2009. Statoil has now exercised the first of t
Statoil Says Farewell to Glitne Field
When Glitne field came on stream in 2001, the intention was for it to produce for 26 months. Twelve years later its final drops of oil are being extracted and it has now been decided to close the field, Statoil, owner of 5.9% stake in the field says today in a press release. Glitne oil […]