Fossil Energy
Russia, A Home to The Second Largest Oil Deal in History?
After it was yesterday reported that AAR consortium has agreed to sell its stake in TNK-BP for $28 billion to Rosneft, Bloomberg today announced that Rosneft has also tabled a similar bid for BP’s stake in TNK-BP. The value of the potential acquisition will reach an estimated $56 billion, which woul
Rosneft Appoints VP for Offshore Projects (Russia)
Zeljko Runje has been appointed to the newly created position of Vice President for Offshore Projects at Rosneft. He has extensive experience in this field. Developing offshore projects is one of Rosneft’s strategic priorities. In the medium term it will contribute significantly to resource base rep
Statoil: Seabed Template to Help Recover 10 MBOE from New Fram Field
Together with its partners, Statoil is recovering approx. 10 million barrels of oil equivalent through the construction of a seabed template on the Fram H North structure. The seabed template is connected to the A2 template on Fram West, which transports production on to the Troll C platform. Fram H
Statoil to Use Deepsea Atlantic on Gullfaks Satellites (Norway)
Norwegian oil company Statoil has been given PSA Norway’s approval to use Deepsea Atlantic rig for drilling and completion on Gullfaks satellites. Statoil will use the semisubmersible rig for the permanent plugback of the existing well, as well as drilling, sidetrack drilling and completion of a new
North Sea and Gulf Operators to Present Energy Outlook at Offshore Energy
High level representatives of oil and gas companies operating on the North Sea and in the Gulf of Mexico will disclose their outlook on energy production in the respective regions as part of Offshore Energy Exhibition & Conference on 23 and 24 October in the Amsterdam RAI, The Netherlands. Several h
Wood Group Kenny Awarded UK North Sea Job by CNRI
Wood Group Integrity Management (WGIM), part of Wood Group Kenny, has been awarded a significant contract by CNR International (UK) Limited (CNRI) to provide Pipeline Integrity Management (PIM) and Support Services for CNRI’s UKCS assets which include Ninian, Lyell, Tiffany, Toni, Thelma and Murchis
Technip, Heerema Team Up in Ultra-Deepwater Market
Technip and Heerema Marine Contractors (Heerema) announce today that they have signed a worldwide alliance agreement where the two companies will combine their capabilities to help their clients best address the fast growing subsea ultra-deepwater market. Ultra-deepwater projects are expected to be
Seven Viking Launched in Norway
The IMR vessel ‘Seven Viking’, that will be co-owned by Eidesvik Offshore and Subsea 7, was launched from the dock hall at Ulstein Verft on Wednesday 17 October. In her right element, the compact 106.5 m long and 24.5 m wide vessel looks very impressive. The SX148 design will carry out a multitude o
AAR Agrees to Sell TNK-BP Stake for $28 Billion (Russia)
Russian consortium AAR has decided to sell its share in TNK-BP to Rosneft for USD 28 billion, Reuters has reported, citing a source close to the matter. TNK-BP is Russia’s third largest oil company and is parity-owned by UK’s BP and AAR (a consortium of Alfa Group, Access Industries, and Renova). Th
RWE Sells Its Edvard Grieg Interest to OMV (Norway)
RWE AG, through its subsidiary RWE Dea Norge AS, reached an agreement on the sale of its 20% licence interest in the “Edvard Grieg” development in Norway to OMV (Norge) AS, a subsidiary of OMV AG, for a cash purchase price of € 247.9 million as per effective date 1 January 2012 plus a contingent [&h
$50 Million Worth of Contracts for DOF Subsea
DOF Subsea AS has secured multiple contracts awards in Asia, in Atlantic and in the Gulf of Mexico over the last couple of weeks with a total contract value of approximately USD 50 million. In the Asia Pacific Region DOF Subsea have secured several new contracts and extension of existing contracts w
VIDEO: Aker Solutions Secures Shetland Gas Plant Deal (UK)
Aker Solutions has secured a three year contract to provide operations and maintenance services to Total E&P UK Ltd and its joint venture partner DONG E&P (UK) Ltd at the new Shetland Gas Plant (SGP). The agreement includes provision of operations, maintenance and services support personnel for Tota
Songa Offshore Fleet Status Update for September
Songa Offshore, a Cyprus-based drilling contractor, has announced its drilling rig fleet status update for September 2012. Songa Venus achieved an operating efficiency of 98% during the month. The rig continues to operate for Petronas Carigali in Malaysia. Songa Mercur continued its operational prep
GALLERY: BP Installs a 700t Processing Module on Andrew Platform (UK)
BP has announced completion of a major milestone on its Kinnoull project in the UK’s central North Sea. On 14th October the new 700 tonne processing unit for the Kinnoull and Andrew Lower Cretaceous reservoirs, built in Hartlepool, England, was successfully installed on to BP’s Andrew platform, 230