Fossil Energy
Dana’s USD 1.5 Bln North Sea Project Moves Ahead (UK)
Dana Petroleum has entered the detailed engineering design phase on the $1.5 billion Western Isles development project in the UK North Sea. The Western Isles project will develop two discovered oil fields called Harris and Barra in the Northern North Sea, 160km east of the Shetlands and 12km west of
Kleven Orders Offshore Crane for Eidesvik’s New Vessel (Norway)
Cargotec has secured a substantial new contract from Norwegian company Kleven Maritime. Delivery includes a 400-tonne MacGregor active heave-compensated offshore crane with an outreach of 15m. A second smaller crane, which will have a safe working load of 100-tonnes at 9m outreach, is also included
OSD to Design PSV for Chinese Client
Offshore Ship Designers UK division OSD-IMT has been awarded a contract to supply the design for a modified version of its IMT 982 Platform Supply Vessel to be built at the new shipyard facility of Honghua Offshore Oil & Gas Equipment in Jiangsu, China. The contract is the result of increased market
Lack of Documentation Reason for Yme Platform Evacuation, Talisman Says
Talisman Energy, the operator of the Yme field and Yme MOPUstor platform which was yesterday evacuated, provided more details on the matter. “The reason why we chose to evacuate the installation was that we failed to receive a piece of documentation regarding the jack-up, and for security reasons we
Saudi Arabia’s ADC Buys Rig from Standard Drilling
Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has entered into a final SPA for the sale of one rig (B325) under construction for a total consideration of USD 213,5m. The buyer is Arabian Drilling Company, a company incorporated in Saudi Arabia. The sale of the rig will give an estimate
Fairstar Plans Private Placement to Finance New Vessel ‘FATHOM’ (The Netherlands)
Fairstar Heavy Transport N.V., a provider of high-end ocean transportation services, announced today that it intends to issue up to USD 335 million of five-year, senior secured debt securities in a private placement not registered under the U.S. Securities Act of 1933. The proceeds of the proposed o
Statoil Abandons North Sea Duster (Norway)
Norway’s Statoil , operator of production licence 552, is in the process of completing the drilling of wildcat well 34/7-35 S. The well was drilled about 4 kilometres east of the Tordis field in the Norwegian sector of the North Sea. The objective of the well was to prove petroleum in Upper and Midd
Ensco Promotes CFO to Executive Vice President (UK)
Ensco plc (NYSE: ESV) announced that Chief Financial Officer James W. Swent III has been promoted to Executive Vice President effective immediately with expanded responsibilities. Mr. Swent has been Senior Vice President – Chief Financial Officer since 2003. “Jay has played a critical role in our tr
Yme MOPUstor Platform Evacuated (Norway)
Poland’s oil and gas company Lotos has informed that Yme MOPUstor platform, located in the Norwegian part of the North Sea was evacuated, Reuters reports. Lotos, which owns 20% stake in the Yme field, said it was awaiting further update from Talisman Energy, the operator of the platform. The problem
ROMAR Invests in R&D to Meet Oilfield Decommissioning Industry Demand
Aberdeenshire-based oilfield service company ROMAR International has expanded its product range with the launch of a new swarf recovery unit, as a result of more than doubling investment in research and development (R&D). To ensure it can respond to the future increased demands of the offshore well
Technip Receives LoI for World’s Largest Spar Hull
French oilfield services provider Technip has received a Letter of Intent for the world’s largest Spar hull for the Aasta Hansteen field development, offshore Norway Technip received a Letter of Intent from Norway’s supermajor Statoil for their Aasta Hansteen (previously named Luva) field developmen
Global Offshore Services Buys AHTSV (The Netherlands)
Global Offshore Services Ltd has informed the Bombay Stock Exchange that its Dutch subsidiary Global Offshore Services B. V. has acquired an Anchor Handling Tug cum Supply Vessel (AHTSV). The vessel is a 60 Ton AHTSV built in August, 2009, having FIFI 1 and DP1 capabilities. The company did not reve
Denmark Gives Nod for Second Nord Stream Pipeline
The Danish Energy Agency yesterday granted Nord Stream permission to operate the second of its twin pipelines that will transport natural gas from Russia to Europe. The permit to operate the first pipeline was granted a year ago, in July 2011. The operations permit was granted as Nord Stream has met
T.D. Williamson Completes North Sea Pipeline Inspection for Perenco UK
In spite of working in high winds, driving rain, sleet and snow, the offshore phase, during which all site work was carried out, was completed in just 23 days. TDW used a gas magnetic flux leakage (GMFL) tool to carry out the inspection in the North Sea. The ILI run – from launch to trap – was achie