Fossil Energy
Dockwise Increases Holding in Fairstar (The Netherlands)
Dockwise Ltd, The Netherlands-based marine transport specialist has announced that following purchases in the market yesterday it has now acquired 95% of the shares of Fairstar Heavy Transport N.V. The announcement comes only a week after Dockwise announced it had acquired approximately 10.2% in its
AF Group to Deliver 6 Cranes for Statoil’s Statfjord Platforms (Norway)
AF Group (AFG) has received a letter of intent from Statoil ASA for delivery of 6 wireline cranes. 2 cranes at Statfjord C, and 4 cranes at Statfjord B. The contract comprises delivery of cranes with Hydraulic Power Unit and adapted fundaments. The contract will have a value in excess of NOK 60 mill
Atlantic Offshore Orders Another Vessel from Havyard (Norway)
Havyard has been chosen to deliver another Havyard 820-design to Atlantic Offshore for the second time in just a few weeks. The last time the Atlantic / Havyard cooperation was awarded a contract, it was with oil and gas company TOTAL. This time it’s a long-term agreement with Shell UK. “It’s great
Statoil Gets Green Light to Use Ocean Vanguard Rig on Johan Sverdrup (Norway)
Statoil Petroleum AS (Statoil) has been granted consent to use the Ocean Vanguard mobile drilling rig for drilling on the Johan Sverdrup discovery in the North Sea. The consent covers drilling of two wells: 16/2-12 and 16/2-14 Well 16/2-12 is an exploration well which has been given the prospect nam
NPD Starts Nordland IV and V Seismic Survey (Norway)
The Norwegian Petroleum Directorate (NPD) today started seismic data acquisition in the Nordland IV and V areas in the northeastern Norwegian sea. The work is planned to last for one month. The Norwegian Parliament has tasked the NPD with mapping the seabed to gain knowledge regarding potential petr
Keppel to Build Jack-Up Rig for Teniz Burgylau (Kazakhstan)
Keppel Kazakhstan LLP (Keppel Kazakhstan) and its consortium partner Ersai Caspian Contractor LLC, Kazakhstan (Ersai Caspian Contractor), have secured a contract from Teniz Burgylau LLP (Teniz Burgylau), an indirect wholly-owned subsidiary of JSC NC “KazMunayGas” (KazMunayGas) of Kazakhstan, for a K
Norway: Government Ends the Conflict 5 Minutes from Lockout
Norwegian Minister of Labour Hanne Bjurstrøm last night at 23:55 informed the parties involved in the offshore pay dispute that the government would propose to Parliament that the conflict be resolved by compulsory arbitration. At the request of the Minister the parties are to resume work as soon as
Xcite Starts Bentley Field Flow Tests
The Company announces that it has now successfully completed the final part of the 9/03b-7 & 7z well lateral well construction work programme at its Bentley Field, including installation of the smart completions equipment (enabling individual laterals to be flowed, co-mingled or shut-in), the instal
Chevron’s Rosebank Offshore Project Enters FEED Phase (UK)
Chevron Corporation has entered front-end engineering and design (FEED) on the Rosebank oil and gas project in the West of Shetland region. “The Rosebank project is another important step forward in our strategy to grow profitably in core areas of our upstream business,” said George Kirkland, Chevro
Melrose to Drill Kamchia Well Offshore Bulgaria Next Year
Melrose Resources plc, the oil and gas exploration, development and production company announced the results of the interpretation of the seismic data acquired offshore Bulgaria. The results of 3D seismic data acquired over the central area of the offshore Galata Block in 2011 have confirmed the pre
K Line Offshore Has New CEO (Norway)
K Line Offshore AS, a ship owning and operating company in the Offshore Support Vessel segment founded in Arendal, Norway, has named Tomoyuki Okawa a Chief Executive Officer of the company. Okawa begins as CEO on 1st July 2012 and replaces Mr. Katsue Yoshida, who has held the CEO position for the la
PSA Inspects Use of Lifting Equipment on Valhall Field
During the period 7-9 May 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of use of lifting equipment on the BP-operated Valhall field, as well as working environment conditions on Valhall QP. The objective of the audit was to verify the company’s management of technical, oper
Baker Hughes: International Offshore Rig Count for June Up Year-on-Year
Baker Hughes Incorporated announced today that the international rig count for June 2012 was 1,285 rigs. The June international rig count includes the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since 1990. The June rig count of 1
Riverstone Injects USD 150 mln into Fairfield Energy (UK)
Fairfield Energy, the private, North Sea-focused independent oil & gas company, has agreed terms for a major new injection of equity from funds sponsored by Riverstone Holdings LLC, the energy and power-focused private equity firm. Riverstone will initially make a $150 million equity commitment with