Fossil Energy
Scarabeo 8 Incident Under Investigation (Norway)
The Petroleum Safety Authority Norway (PSA) has decided to initiate an investigation of the stability incident on the mobile drilling facility Scarabeo 8 in the Barents Sea on 4 September 2012. Scarabeo 8 is a semi-submersible drilling facility owned by Saipem SpA Norwegian Branch (Saipem). The faci
Voith Presents VIP Swing-Out Unit at SMM, Hamburg
With its Voith Inline Thrusters (VIT), Voith currently is the only manufacturer world-wide to produce transverse thrusters with permanent-magnet synchronous machine technology (RIM drives) with a power of 1,500kW. At the SMM, the leading maritime industry trade fair, Voith last week presented a RIM
Det Norske Allowed to Conduct Manned Underwater Ops at Jette Field (Norway)
Det norske oljeselskap ASA (Det norske) has received consent to carry out manned underwater operations on the Jette field in the Norwegian sector of the North Sea. The Jette field is part of production licence 027D and is located in blocks 25/7 and 25/8 in the North Sea. The field is located approx.
Intermoor Installs Conductors for Petrobras’ Papa Terra Project (Brazil)
InterMoor, an Acteon company, has completed installation of the drilling and production conductors for the Papa Terra project, announced Global President Tom Fulton. Petrobras serves as the operator of the Papa Terra concession with a 62.5% interest; Chevron holds the remaining 37.5% interest. Inter
Modus Seabed Names Head of Projects (UK)
Modus Seabed Intervention Ltd has named subsea industry specialist Pat Haggerty as its new Head of Projects. Pat takes on this newly created position to meet the demand for Modus’ services from across the energy sectors and the growth the company is experiencing in these markets. Formerly Regional G
Oil Spill Drill at Goliat Field (Norway)
Goliat, the first oil field in the Barents Sea, will soon be onstream. The first full-scale exercise of Goliat’s oil spill contingency operations will take place between 10th and 14th September. The Goliat project brings with it new organisational principles for oil spill contingency operations on t
Reef Subsea Orders Heavy Duty Cable Plough (UK)
Reef Subsea announced today that its subsidiary company. Reef Subsea Power & Umbilical, has placed an order for a Heavy Duty Cable Plough, which will expand the company’s capabilities and position it as a true leading contractor in subsea trenching and cable installation. Reef Subsea Power & Umbilic
Talisman’s CEO Steps Down (Canada)
Talisman Energy Inc. announced today that John A. Manzoni, President and Chief Executive Officer, has agreed to step down, effective immediately. Hal Kvisle, former President and Chief Executive Officer of TransCanada Corporation and current director of Talisman Energy, is appointed President and Ch
Axis Offshore Orders Accommodation Vessel for North Sea Operations
Axis Offshore has ordered a semi-submersible accommodation vessel satisfying the stringent North Sea operating requirements to be delivered Q1 2015. Axis Offshore is the newly established joint venture between strong and strategically committed shareholders; the Danish shipowner, J. Lauritzen and th
Beach Petroleum Farms Into Est Cobalcescu Licence Offshore Romania
Melrose Resources plc , the oil and gas exploration, development and production company, today announces that it has agreed to farm-out 30 percent of its equity in the Est Cobalcescu exploration concession offshore Romania to Beach Petroleum S.R.L. Following completion of the transaction Melrose wil
Transocean to Sell 38 Rigs for $1.05 Billion
Transocean Ltd. announced today that the company has reached definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings, Ltd. (“Shelf Drilling”) for approximately $1.05 billion. Shelf Drilling is a newly formed company sponsored equally by Castle Harlan, In
47 Oil Firms Apply for Acreage in APA 2012 (Norway)
The Norwegian authorities on Friday received all the applications for Awards in Predefined Areas 2012 (APA 2012). A preliminary count indicates that 47 companies have applied for acreage. This result shows that there is still considerable interest in new acreage and previously awarded and explored a
Hess Finds 1 Billion Reasons to Sell Its Offshore Assets in Azerbaijan
Hess Corporation has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. The transaction, expected to close in the first quarter of 2013, is subject to I
GE: Opportunity for Growth of Subsea Sector in UK
Over 200 business leaders, government officials and members of the press gathered today at the Aberdeen Council and Shire Economic Future conference to discuss ‘Securing Investment for Success’ and heard Rod Christie, CEO Subsea Systems, GE Oil & Gas, speak about the significant opportunity for grow