Fossil Energy
Fairstar Names New CFO (The Netherlands)
Fairstar Heavy Transport N.V. (FAIR) announces that Fairstar’s Supervisory Board and Management Board have unanimously decided to appoint Ingmar den Blanken (32) as Chief Financial Officer of Fairstar as from 26 June 2012. Mr. den Blanken succeeds Mark de Haas in the role of CFO. The Supervisory Boa
Norway: Statoil to Remove Statfjord Field Loading Buoy
Statoil Petroleum AS has received consent from the Petroleum Safety Authority Norway to remove the SPM-C loading buoy on the Statfjord field. The loading buoy on Statfjord C is located in the North Sea in block 33/9. Water depth at the site is 145.7 metres. The activity is scheduled to start in July
Solstad Expands Fleet with Two AHTS Vessels (Norway)
Solstad Offshore has today taken over the ownership of the AHTS «Nor Spring» and «Nor Captain». The vessels have been on bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost price is 100% financed by a loan of USD [&h
Standard Drilling Selling Under Construction Rigs for USD 426 Mln (Cyprus)
Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has today entered into a final SPA for the sale of one rig (B324) under construction and further issued the buyer an option to purchase a second rig (B337) under construction. If the option is exercised the gross combined price will be USD
Cairn’s Subsidiary Acquires Stake in PL497 (Norway)
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continent
Maersk Oil: There Is More Oil and Gas to Be Found in Danish North Sea
Maersk Oil will drill an exploration well on the Maja licence in the Danish North Sea after the Danish Energy Agency (DEA) granted it a two-year extension to two licences in the region. The well will target a High Pressure High Temperature (HPHT) prospect in the licence and will be drilled within th
Aker Solutions to Provide EPCI Services for ExxonMobil NCS Assets
Aker Solutions has been awarded a frame agreement by ExxonMobil Exploration and Production Norway AS. Contract value is undisclosed. The frame agreement covers engineering, procurement, construction and installation for ExxonMobil’s operated assets on the Norwegian continental shelf (NCS). The fixed
Emerson to Supply Control and Safety Systems for BP’s North Sea Fields (UK)
BP Exploration has selected Emerson Process Management, a global business of Emerson (NYSE: EMR), as automation contractor of choice for offshore oil and gas operations in BP’s North Sea Region. Emerson will be BP’s preferred supplier of integrated control and safety systems for five offshore fields
Ensco Orders Another Drillship in South Korea
Given rising customer demand, Ensco plc (NYSE: ESV) has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benef
Maersk: 40 Years of Oil Production (Denmark)
4 July 2012 marks Maersk Oil’s 40 years anniversary as an oil producing company by the launch of a book charting the history of the company through anecdotes of current and former employees. Maersk Oil invites shareholders to celebrate the day at Esplanaden. In the book Maersk Oil – under the surfac
New Contracts for Solstad’s AHTS Vessels (Norway)
Statoil ASA has exercised its option to extend their present contract with Solstad Offshore ASA (SOFF), for hire of the large AHTS “Normand Ferking” (build -07) for 1 year. With this extension the vessel will be on contract to September 2013. Statoil still holds options to extend with further 2 x 1
Italy’s Saipem Secures Multiple Offshore Drilling Contracts
Saipem has been awarded new offshore and onshore drilling contracts worth approximately $500 million. In offshore drilling, Saipem has signed a two year extension of the contract with Eni for the charter of Perro Negro 8, which is engaged in activities offshore Italy in the Adriatic Sea. The contrac
Norway: Ministry of Petroleum Offers 72 Barents Sea Blocks
Today, 26 June, the Ministry of Petroleum and Energy (MPE) has announced the 22 nd licensing round on the Norwegian continental shelf. Eighty-six blocks/parts of blocks are being announced in this round; 14 in the Norwegian Sea and 72 in the Barents Sea. “The interest in exploring in the Barents Sea
PSA Norway Inspects Emergency Preparedness Level on Troll B
The Petroleum Safety Authority Norway (PSA) carried out an audit of emergency preparedness on Statoil’s Troll B platform on 26 March 2012. The objective of the activity was to gain an overview of processes and systems that contribute towards ensuring comprehensive leadership and management of emerge