Fossil Energy
Simon Møkster Places Order for Multi Service Vessel (Norway)
Norway’s Simon Møkster Shipping increases its focus on the subsea market by ordering a new build special designed for ROV work, survey, diving and light construction work. In addition, the vessel will be able to provide services to windmill construction work. It is designed by Multi Maritime AS in F
GC Rieber Shipping Orders Subsea Vessel from Ulstein (Norway)
GC Rieber Shipping has today ordered a new high capacity subsea vessel from Ulstein Verft with an option of one additional vessel. The new building, to be delivered in the first quarter of 2014, represents a total investment of approximately NOK 800 million. “The market for this type of vessel is ex
Bergen Group Land Eldfisk EPCI Gig from ConocoPhillips (Norway)
Bergen Group Rosenberg has been awarded a brownfield modification project by ConocoPhillips. The contract will generate activity during 2012 and 2013, and has an estimated value in the range of NOK 350 million (USD 57 million). The EPCI-contract (Engineering, Procurement, Construction and Installati
Statoil Allowed to Drill New Well in PL 318 (Norway)
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for well 35/2-3, located in PL 318 in the Norwegian part of the North Sea. Statoil will use the Scarabeo 8 semi-submersible drilling rig, owned and operated by Saipem SpA Norwegian Branch. The drilling programme for well 35/2-
USA: Schlumberger, NOV Complete Wilson Transaction
Schlumberger Limited has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Founded in 1921, Wilson is a leading distributo
BP to Sell Its Stake in TNK-BP (Russia)
British oil major BP announced today that it has received unsolicited indications of interest regarding the potential acquisition of its stake in TNK-BP. TNK-BP is a leading Russian oil company, owned equally by BP and Alfa Access Renova. The company was formed in 2003 as the result of the merger of
Fairstar Accepts Delivery of FORTE in China
Fairstar Heavy Transport N.V. (FAIR) has taken delivery of the semi-submersible heavy transport, FORTE. The closing documentation has been completed to the satisfaction of Fairstar’s bankers, classification society and the Dutch Flag State. Fairstar has drawn down on the USD 247 million facility led
Maersk’s Jack-Up Rig for Statoil’s Dagny Field (Norway)
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
Douglas-Westwood Forecasts USD 135 bln Expenditure on Subsea Hardware over 5 Years
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
No Shell Contract for Bond Offshore Helicopters (UK)
International oil and gas giant Shell has chosen not to sign a major contract with Bond Offshore Helicopters, a UK company specialising in providing offshore helicopter transportation services between Aberdeen, Scotland and several North Sea oil platforms, BBC reports. Shell had been close to awardi
Sonardyne’s Technology Improves ROV Control, iSurvey Says
Norwegian survey and positioning specialists, iSURVEY Group AS, has chosen to invest in a SPRINT (Subsea Precision Reference Inertial Navigation Technology) system from Sonardyne International to support its ROV surveys and deep water marine construction activities. The purchase follows trials of th
Lundin Gets Consent to Use Transocean Arctic Rig in PL 501 (Norway)
Swedish oil and gas exploration an production company, Lundin Petroleum has received consent from PSA Norway to carry out exploration drilling with the Transocean Arctic semi-submersible drilling rig. The consent relates to drilling and production testing of appraisal well 16/2-13 which belongs to p
Sterling Hires GSP Jupiter Jack-Up for Two Wells Offshore Romania
Sterling Resources Ltd. has trough its subsidiary in Romania, Midia Resources SRL (“Midia”), entered into a contract with Grup Servicii Petroliere SA (“GSP”) for the drilling of offshore exploration wells “Ioana” in Block XV Midia and “Eugenia” in Block XIII Pelican. Midia, on behalf of Sterling and
Maersk Acquires Noble’s Stake in Two UK North Sea Fields
Maersk Oil, a fully-owned subsidiary of the A.P. Moller – Maersk Group, has signed a definitive agreement with Noble Energy Inc for the purchase of their 30% interest in the Maersk Oil operated Dumbarton and Lochranza fields, as well as the Global Producer III FPSO (Floating Production Storage and O