Fossil Energy
Craig’s Latest Emergency Response Vessel Launched in Spain
Craig Group celebrates completion of £35million investment programme with launch of Grampian Defiance. The last in the series of new D class Emergency Response and Rescue Vessels (ERRVs), commissioned by Craig Group in a £35million investment programme, has been launched. The Grampian Defiance, the
Norway: 2011 Results Will Spur Ulstein’s Further Development, CEO Says
Norway’s Ulstein Group yesterday unveiled its results for the full year 2011. The group had an operating income of NOK 2.1 billion and an operating profit of NOK 254 million. ‘We have competent employees and an organisation that provide for execution and delivery precision. The good collaboration we
Bergen Group Offshore to Deliver Manifolds for Alvheim Field (Norway)
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an EPC (Engineering, Procurement and Construction) contract by Subsea 7. The EPC-contract includes delivery of a two slots subsea manifold located at the Alvheim field, operated by Marathon Oil Norge AS. The pl
Total Extends Contract for Pacific Scirocco (Nigeria)
Pacific Drilling S.A. announced today that French oil major Total has decided to extend the initial contract term for the Pacific Scirocco drillship from one to two years. The contract provides for further options, to be exercised at the client’s discretion, which could result in up to three additio
Eaton Aims to Grow its Business in Offshore E&P in Norway
Eaton Corporation yesterday held a Technology Day in Oslo to showcase its wide range of electro-hydraulic systems and products for the oil and gas sector, targeting exploration and production (E&P) companies operating in Norwegian waters. A global diversified industrial manufacturer, Eaton is engage
Croatia: Adria Winch Deck Machinery Recognised by Norwegian Shipyards
Adria Winch, a company specialized in deck machinery, with production facilities in Split, Croatia, recently received a contract from STX OSV’s subsidiary Seaonics AS to provide deck machinery for an STX-design PSV 09 vessel. The Croatian deck machinery specialist had already equipped two STX-design
Nord Stream AG Tests Line 1
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
Fred. Olsen Production: No Go for FPSO Deal in Vietnam
Norway’s Fred. Olsen Production ASA has announced that a letter of intent (LOI) for an FPSO charter contract, in which the company entered with Petrovietnam in December 2011, has expired. Under the LOI, Fred. Olsen Production and Marubeni of Japan were supposed to be awarded contracts for the constr
Shell Aware of PTTEP Bid for Cove. Evaluating Options
Shell Bidco, a subsidiary of Shell, which has been competing with Thailand’s PTTEP over Cove Energy acquisition announced today that it was aware of PTTEP’s yesterday’s increased takeover bid of $1.9 billion. Shell’s previous $1.8 billion bid to acquire all issued or to be issued shares of UK-based
The Netherlands: Total Awards Extensive Platform IRM Contract to Bluestream Offshore
For the second year in a row Bluestream has been awarded the yearly inspection, repair and maintenance program of 21 platforms and 10 subsea domes in the Dutch sector of Total E&P Nederland B.V.. This yearly campaign consists of 3 major phases. All work will be conducted from DSV VOS Shelter. The VO
Norway: Gov’t Approves Valiant’s Acquisition of Stake in Norvarg Discovery
The Norwegian Ministry of Petroleum and Energy has approved the asset transaction between Rocksoruce and Valiant Petroleum (Valiant). The asset transaction, announced in March, includes sale of a 13 per cent interest in the Norvarg discovery, leaving a 7 per cent interest with Rocksource, and an ave
Rocksource to Drill Exploration Well in 1H 2013 (Norway)
Rocksource, a Norwegian oil and gas company focused on exploration has announced that the partnership in PL 506S, BS and CS on the Norwegian Continental Shelf has decided to drill an exploration well in the first half of 2013. The well will test a high risk / high potential prospect in the Stord bas
UK: DPS Offshore Orders Sonardyne Positioning Equipment
Sonardyne International Ltd has received an order for 6G acoustic positioning equipment worth £1m from Forum Energy Technologies, Inc’s equipment rental business, DPS Offshore. The is the second order placed by DPS Offshore in as many months for Sonardyne’s sixth generation hardware platform and inc
Ireland: Barryroe Potential Initial Production Rates Up
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), has provided a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Bar