Fossil Energy
Maersk Extends Contract for DOF’s Skandi Caledonia PSV (Norway)
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia Platform Sup. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has n
BG Group Enters USD 500 mln Credit Agreement with Export Development Canada
BG Group, a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets, today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to ex
UK: Stork Subsea Expects Delivery of New Dive Intervention Craft
Stork Technical Services Subsea, the subsea division of the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, has invested more than £2million in a new specialist dive intervention craft (IC) and full diving spread to meet
Norway: PSA Brings Q&A on Activities in Northern Areas
The Petroleum Safety Authority Norway has compiled a number of general and more complex questions about the petroleum activities in the northern areas, from a health, safety and environment perspective. Here are some of the Q&A 1. Where are the northern areas? The Norwegian Government’s strategy for
UK: Another Queen Award for ROV Specialist
SMD has been honoured with the prestigious Queen’s Award for Enterprise in the International Trade category for its growing presence and success in global markets. This is the second Queen’s Award the company has won in the last two years. In 2011, SMD was presented with the Queen’s Award for Innova
Borders & Southern Makes Significant Discovery Offshore Falklands
Borders & Southern announces it has made a significant gas condensate discovery approximately 140 kilometers south of the Falkland Islands. Well 61/17-1 was drilled to a total depth of 4876m and came in very close to prognosis. As predicted, the strong AVO anomaly represented a porous sandstone rese
Trapoil: Orchid Well Re-drilling (UK)
Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has been advised by Summit Petroleum Limited that the 12 ¼” hole section of the Orchid well bore has been re-drilled as a mechanical side-track. The partners i
Italy: Guendalina Gas Field Pays MOG’s Debt
The Board of Mediterranean Oil & Gas Plc, the central Mediterranean producer, developer and explorer of oil and gas assets, has announced that production from the Guendalina gas field, located offshore Italy, in the first quarter of 2012 achieved an average gross production (100% basis) of 580,000 s
PSA Orders ConocoPhillips to Fix Pressure Relief System on Tor Field
The Petroleum Safety Authority Norway (PSA) has issued a notification of order concerning non-conformity with requirements in the regulations for the pressure relief system on Tor 2/4 E. Operator ConocoPhillips has been aware of this non-conformity for some time. The notification is based on an indi
Dutch Dockwise to Convert Black Marlin to Type 1 Vessel
Dockwise Ltd, a Dutch heavy-lift and transportation company, today announces the decision to convert its Type 2 vessel, the Black Marlin, to a Type 1 vessel similar to its sister ship, the Blue Marlin. Conversion will lift the Black Marlin’s carrying capacity from 56,000 to 76,000 tonnes. The design
Aker Solutions to Supply Umbilicals for Statoil’s Svalin C Project
Aker Solutions has been awarded a contract by Subsea 7 for the design and fabrication of a control umbilical for Statoil’s Svalin C project on the Norwegian continental shelf. Contract value is undisclosed. Scope of work includes a six kilometre long control umbilical, connectors, engineering and pr
Eurocopter Delivers Helicopter for Brazil’s Offshore Oil & Gas Market
Eurocopter has delivered the first from an initial contract for four EC225 helicopters to OMNI Helicopter International (OHI). During this occasion, OHI also placed a second order for six additional aircraft of this type, bringing to ten the total number of EC225s that they will operate for oil & ga
Keppel Sells its Norwegian Arm
Keppel Corporation Limited (KCL) has today entered into a share purchase agreement (“SPA”) for the sale of 8,750,000 shares , representing 100% of the share capital of Keppel Norway AS (“Keppel Norway”), KCL’s indirect wholly-owned subsidiary, at a consideration of approximately NOK0.137 per Share t
Elgin Incident: Gas Leak Rate Decreases
French oil and gas company Total today announced that the two technical solutions to stop the gas leak on well G4 of the Elgin platform are progressing according to plan. As announced, drilling of the G4 relief well (G4-K1) commenced while in parallel experts continued with key tasks in preparation