Fossil Energy
PGS Signs Loan Deals to Finance Ramform Titans
In April 2011, Norway’s PGS ordered two new generation Ramform Titan-class vessels, with options for another two vessels, from Mitsubishi Heavy Industries Ltd. Deliveries of the two first vessels are in Q1 and Q4 2013. Export credit financing in Japan for the new builds has now been concluded. The e
Statoil Confirms Wireline Tractor Services Contracts (Norway)
Welltec and Aker Well Services will deliver solutions for equipment deployment and maintenance in horizontal wells on more than 40 installations on the Norwegian continental shelf. This technology is important to increase recovery on Statoil’s fields offshore. Statoil has, together with its partners
Siem Offshore Declares Options for Two OSCVs (Norway)
Siem Offshore has declared the options with STX OSV for the design and construction of two additional Offshore Subsea Construction Vessels (“OSCV”). The vessels will be equipped with a 250t AHC crane and with Launch and Recovery Systems (“LARS”) for Remotely Operated Underwater Vehicles (“ROV”). The
Reef Subsea Works for Shell, Statoil, Offshore Norway
Reef Subsea today announced that its subsidiary company, Reef Subsea Norway, based in Bergen, has been awarded an ROV service contract for seabed gravity and subsidence monitoring on Statfjord, Mikkel and Ormen Lange subsea fields offshore Norway operated by Statoil and A/S Norske Shell. The 21 day
Ashtead Technology Offshore Moves to New HQ (UK)
Ashtead Technology Offshore, a leading international subsea equipment solutions specialist, has announced its move to new global headquarters in Westhill, Aberdeen. The investment in the new premises follows on from the recent appointment of Allan Pirie as CEO. The new facility has doubled the compa
Decom North Sea Elects 10 New Directors (UK)
Decom North Sea (DNS), the offshore oil & gas decommissioning forum, held its annual general meeting last night in St Andrews, with 10 new directors elected from across all sectors of the decommissioning industry. The meeting heard that the supply chain body now has 213 fee paying members. Attendees
Eni Gets Go-Ahead to Use Transocean Spitsbergen on Marulk (Norway)
PSA Norway has granted approval to Eni Norge AS for the use of Eni Gets Go-Ahead to Use Transocean Spitsbergen on Marulk (Norway) for production drilling on the Marulk gas field in the Norwegian Sea. The consent relates to use of the semi submersible drilling rig Transocean Spitsbergen for drilling
Siem Offshore Orders Installation Support Vessel (Norway)
Siem Offshore Inc. (SIOFF) has entered into a shipbuilding-contract with Fjellstrand AS in Norway for the construction of one Installation Support Vessel, with option for one additional vessel. The associated gross project cost for the first vessel, ready for operation, is approx. USD 55 million. Th
SBM Offshore, CompactGTL Sign Cooperation Agreement
SBM Offshore, a Dutch-based firm and a specialist in the supply of leased FPSOs, has signed a Commercial Development Agreement with CompactGTL Ltd, the pioneer of modular gas to liquid solutions, to work exclusively together on offshore projects. The use of GTL technology for floating production sys
Ithaca’s Q3 Production Rises (UK)
Ithaca Energy reports third quarter 2012 (“Q3-2012” or the “quarter”) production results and provides an update on Athena operations. Production volumes in the quarter came from the operated Athena, Beatrice, Jacky and Anglia fields and the non-operated Cook, Broom and Topaz fields. Total net export
Barryroe Concept Development Engineering Study Awarded (Ireland)
An Irish based offshore oil and gas exploration and production company Providence Resources has provided an update on its Barryroe oil field in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of its partner Lansdowne Oil and Gas plc (20%). The area is locat
M-I SWACO Introduces Ultra-High Temperature Drilling Fluid
M-I SWACO, a Schlumberger company, yesterday announced the release of the RHADIANT† ultra-high temperature non-aqueous drilling fluid system. This system eliminates drilling fluid product degradation, prevents wellbore control issues such as barite sag and provides a thin filter cake for enhanced lo
Stricter Rules to Ensure Safety in EU Offshore Sector
A series of new European rules must ensure the safety of offshore oil and gas drilling operations following the adoption, with a large majority, of a Report by Ivo Belet Member of the European Parliament by the Committee on Industry, Research and Energy of the European Parliament. Ivo Belet said: “E
West Hercules Not Ready for AoC Yet, PSA Norway Says
The Petroleum Safety Authority Norway (PSA) carried out an audit activity from 30 August to 1 September 2012 focusing on factors related to maintenance management, technical safety, working environment and preparedness on board the West Hercules facility. The PSA’s activity was carried out as part o