Fossil Energy
Eni Delays Goliat Production Start-Up. Costs Reach $6.2 Bln (Norway)
By agreement with the partners in the Goliat licence, and due to the delay in the delivery of the production platform, Eni Norge has decided to postpone production start-up at the Goliat field until the third quarter of 2014. The Goliat field development is based on large turnkey contracts (EPC) for
Big Oil Company Catches Nor Tigerfish (Norway)
Solstad Offshore ASA (SOFF), a Norway-based shipping company focused primarily on offshore oil & gas industry, has been awarded a contract with a large oil company for the 5500 bhp AHTS «Nor Tigerfish» . The unnamed oil company has chartered the vessel, of Kiam Chian design, on a 1-year firm contrac
Aquila Explorer Hired for Survey in Asia Pacific
SeaBird Exploration Plc has announced that it has received a letter of award from a National oil company in the Asia Pacific region for its seismic vessel, Aquila Explorer. The work program value is approximately USD 5 million and will start in late August following completion of the current contrac
GE to Buy Subsea Leak Detection Specialist (Norway)
GE has entered into an agreement to acquire Naxys, a Norway-based company which provides the oil & gas industry with leak detection & condition monitoring systems for subsea installations. “Through its commitment to innovation, Naxys has developed world-class sensor expertise and technology that fit
DNV’s Students Develop Arctic Oil Spill Response System (Norway)
DNV’s summer students presented the results of seven weeks of intense and targeted work to develop a realistic and suitable concept for a year-round Arctic oil spill response system, including requirements for people, vessels and equipment. DNV’s summer project is an annual programme organised durin
Chinese Rig Reaches Norwegian Waters
COSLPromoter, the semi-submersible rig which was delivered on 25 April by COSL Drilling Europe AS, a subsidiary of China Oilfield Services Limited, has recently arrived in Norwegian waters following a long journey from China. The voyage, which took 79 days and covered 15,097 nautical miles, was succ
New Decree Allows CYGAM to Get Back to Work Offshore Italy
CYGAM Energy Inc. , an emerging oil and gas company with interests in Tunisia and Italy, has announced the following update regarding the current drilling moratorium offshore Italy. The Italian government published Legislative Decree 83/2012 (the “Decree”) on June 26, 2012 in the Italian Official Ga
Shah Deniz Partners Shell Out Cash for TAP
The Trans Adriatic Pipeline announced today that TAP and its existing shareholders EGL, Statoil and E.ON Ruhrgas have reached an agreement with members of the Shah Deniz Consortium to secure funding for the TAP project. These funds will contribute towards continued work in several important areas du
Kongsberg Nominated for Two ONS Innovation Awards (Norway)
The new Kongsberg Offshore Vessel Simulator – Deck Operator Trainer (seismic streamer function) and the Kongsberg Evotec Bulk Hose Securing Unit have both been nominated for the ONS Innovation Awards, the winners of which will be announced during ONS 2012 at a special innovation lunch on Wednesday 2
Statoil: We Need Commercial Concept to Justify Shtokman Investment (Russia)
Statoil is still trying to find a solution, which will allow the company to participate in the Shtokman project. Both technical and commercial challenges must however be solved before Statoil makes a final investment decision. It was not possible to arrive at a solution for the Shtokman development
Hercules Offshore Buys More Shares in Discovery Offshore S.A.
Discovery Offshore S.A. announced today that Hercules Offshore Inc. has on 8 August 2012 acquired 2,658,500 shares in Discovery Offshore at an average price of approximately NOK9.50 per share. Following the acquisition, Hercules Offshore holds 21,012,834 shares in the Company, corresponding to 32.1%
Providence Increases Its Acreage Offshore Ireland
Providence Resources P.l.c., the Irish oil and gas exploration and production company, has, together with its partner Lansdowne Oil and Gas plc (“Lansdowne”), a new licensing option over five part blocks adjacent to the Barryroe oil field, by the Irish Department of Communications, Energy and Natura
Bibby Offshore: Successful Evacuation Drill
Aberdeen-based subsea installation contractor Bibby Offshore is leading the way in saturation diving safety in the North Sea after recently carrying out fully successful evacuation trials. The trials involved mating a Self Propelled Hyperbaric Lifeboat (SPHL) from the company’s Diving Support Vessel
Fenner Seals Acquisition of Norwegian Seals
Fenner’s wholly owned subsidiary, Fenner Norway AS, has today exchanged contracts to purchase 100% of the share capital of Norwegian Seals, a privately owned group of companies with operations in Norway and the UK. Norwegian Seals manufactures and distributes performance critical seals into the oil