Fossil Energy
Cyprus: Prosafe’s Flotel Utilisation at 83.3 pct
Prosafe, the world’s leading owner and operator of semi-submersible accommodation rigs (flotels), announced that rig utilisation in the first quarter of 2012 was 83.3 per cent. Regalia, Safe Scandinavia, Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regen
UK: Acteon Appoints New Vice President
Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
Italy: Eni’s Profit Rises 42 pct on Higher Oil Prices
Eni, the international oil and gas company based in Italy, today announces its group results for the first quarter of 2012. The Italian oil giant reported first quarter 2012 net profit of €3.62 billion (USD 4.77 bln), a 42% increase when compared to the same period in 2011 when it recorded a net pro
GEOSHIPS Holds Open Day on Board New MPSV (UK)
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet on 25 April. Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a contract
Fairmount Delivers Saipem’s Scarabeo 6 Rig to The Netherlands
Fairmount Marine’s tug Fairmount Expedition has delivered the semi-submersible drilling rig Scarabeo 6 safely in Rotterdam, the Netherlands, for her dry-dock period at shipyard Keppel-Verolme. The 27 year old Scarabeo 6, owned by Italian offshore company Saipem, was towed from offshore Abu Qir, Egyp
Elgin Gas Leak: Total Installs Diverter on G4 Well (UK)
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
UK: Premier Gets Nod for Solan Field Development Plan
Premier has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to produce approxima
Turkish TPAO Hires GSP Jupiter Rig for Black Sea Drilling
Romania’s GSP Offshore has announced that it has signed a contract for its jack-up drilling rig GSP Jupiter with Turkish national oil and gas company TPAO. GSP Jupiter has been awarded a contract for offshore drilling services, for Istranca 1 well (+ 1 optional well) on Black Sea Block 3920 on the T
Borders & Southern Raises Cash for Falklands Seismic
Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acrea
UK: Viper Subsea, Velocious Work Together to Reach Worldwide Exposure
UK-based Viper Subsea has signed a new collaboration agreement with Perth based Velocious. The agreement enables both companies, each of whom are already globally recognised as providers of high quality subsea solutions, to expand their offerings to overseas markets and collaborate on product supply
UK: EnQuest Increasing Its Interest in Kraken
EnQuest PLC (‘EnQuest’) today announces that it has agreed with First Oil plc (‘First Oil’) the proposed acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’), bringing EnQuest’s total interest in Kraken to 60%. Today’s agreement is subject to th
Shell’s 1Q Earnings Reach USD 7.7 bln
Shell’s first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices.
Kherson Constructs Six Suction Anchors for Saipem (Ukraine)
On March 30, 2012 PJSC Kherson Shipyard before time completed the construction of 6 pcs. offshore Structures of Suction Anchors (Hull No.18027) for Italian Offshore Saipem Company, designed to secure the underwater pipeline in the Caspian Region. The overall dimensions of each structure are as follo
Norway: PSA Inspects Lundin’s Management of Brynhild Subsea Facilities
On 27 March 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of Lundin Norway AS’ management of the Brynhild field development project, connected to subsea facilities and pipelines. The Brynhild field is being developed with a subsea facility with four wells that will be connec