Fossil Energy
Eni, Rosneft Team Up in Russian Shelf Development
Today, Eni CEO Paolo Scaroni and Rosneft President Eduard Khudainatov, signed a strategic cooperation agreement in the presence of the Prime Minister of the Russian Federation Vladimir Putin, which provides for the joint development of the licenses in the Black Sea and the Barents Sea on the Russian
Parker Buys UK’s Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has signed an agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling techn
Nord Stream Successfully Completes Its Green Logistics Programme
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
Douglas-Westwood Forecasts USD 335 bln Spending in Offshore O&M Sector
The 2nd edition of the World Offshore Operations & Maintenance Market Forecast, by Douglas-Westwood (DW) forecasts over $335 billion worth of expenditure from 2012-2016 on offshore oil & gas operations & maintenance (O&M). With O&M markets considerably less vulnerable to economic downturn than their
UK: Red Spider’s eRed Completes 100 Operations
Red Spider, the Remote Open Close Technology specialist delivering major savings and reduced risk to the oil & gas industry, has announced completing 100 operations using its ground-breaking eRED tool. The work involving eRED has generated multi-million pound sales for Red Spider and has taken place
Norway: AGR’s Reservoir Management Gets New VP
Newly appointed Morten Heir holds a masters degree in Petroleum Engineering from the Norwegian University of Science and Technology (NTNU, Trondheim) as well as a masters degree in business administration from the School of Economics and Business Administration (NHH, Bergen). He also previously work
Norway: Wintershall Gets OK for Drilling with Borgland Dolphin
The Petroleum Safety Authority Norway has given its approval to Wintershall to carry out exploration drilling of well 33/6-4 with the Borgland Dolphin rig. Well 33/6-4 belongs to production licence 370 in the northern part of the North Sea, adjacent to the median line with the UK.. Water depth at th
Russia: Alexey Miller Hosts BP’s Bob Dudley at Gazprom HQ
The Gazprom headquarters yesterday hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP). The meeting was focused on a development outlook for the global energy market and cooperation between
SeaBird’s Northern Explorer Seismic Vessel En Route to East Africa
Cyprus-based SeaBird Exploration PLC has been awarded a contract in excess of USD 5.5 million in East Africa for the Northern Explorer vessel by a Multi-Client company. The contract will commence in direct continuation of her current contract with Spectrum ASA, and has an estimated duration of 60 da
Norway: Skarv Production Put Off for Q4 2012
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, was notified by BP, the operator of the Skarv project, of postponement of oil and gas production on the Norwegian Continental Shelf from Q2 2012 to Q4 2012. The postponement is caused by a delay in installation of risers due t
Inocean Unveils Mini Version of BW Athena FPSO (Norway)
A short while ago BW Athena arrived the UK North Sea field location – another step towards first oil. Yesterday a ceremony took place at Inocean when a mini version of the vessel was unveiled. In March 2010, BW Offshore signed a letter of intent for the FPSO BW Carmen with Ithaca Energy for work [&h
Shell Closer to Cove Acquisition. Offers USD 1.8 bln
Shell Bidco, a subsidiary of international supermajor, Shell, has increased its Cove Energy takeover bid. The company has placed a bid of around USD 1.8 billion which is a significant increase when compared to the initial USD 1.56 bln that Shell offered in February. Shell’s February bid was cancelle
ConocoPhillips Hires Bergen Group Offshore for Ekofisk Platform Hook-up
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded the contract for the Hook-up of ConocoPhillips’ new Ekofisk 2/4L platform. The contract value for the project is about NOK 175 million, and will generate activity during 2012 and 2013. In 2009 Bergen Group Rose
Norway: Oceanteam’s New Lay Vessel Begins 5-year Charter with McDermott
Oceanteam Shipping ASA has announced that it’s new Lay Vessel, CSV North Ocean 105 which is jointly owned with J Ray McDermott (Norway) AS, has been delivered on time and has immediately commenced a five year time charter. The company’s fleet of CSVs now consists of four partially owned North Ocean