Fossil Energy
Wood Mackenzie: Asian Oil Companies Need to Strive Towards Internationalisation
The overall production outlook for Asian companies is relatively robust in the near-term but looking towards the longer-term, a continued shift by major Asian companies towards internationalisation and higher-risk resource themes will be crucial to production growth. Norman Valentine, Senior Corpora
PSA Norway Finds Room for Improvements on Scarabeo 8 Rig
During the period 28-29 February 2012, the Petroleum Safety Authority Norway (PSA) , a Norwegian governmental supervisory authority, carried out an inspection targeting maritime systems and load-bearing structures on board Scarabeo 8. Scarabeo 8 is a semi submersible rig of “Moss CS 50 MkII” design
Ireland: Providence’s Slyne Basin Acreage Shows Exciting Gas Potential
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company provides a technical update on Licensing Option 11/12 (“LO 11/12”) which is located in c. 300 metre water depth in the Slyne Basin, c. 70 km off the west coast of Ireland. LO 11/12 wa
The Netherlands: Heerema’s Projects at Discovery Channel’s ‘Mega Rigs’
Groundbreaking projects built by Heerema Fabrication Group to be showcased throughout the UK and Netherlands in the two part series ‘Mega Rigs’ on Discovery Channel. The series, produced by Discovery Channel, will follow the story of Centrica Energy’s F3-FA and Ensign projects from the design stages
UK: Former Expro, Petrofac Men Join Stats Group
Pipeline isolation specialist, STATS Group, has appointed two new directors as it gears up for major international expansion following a £7.8 million equity investment. Former Expro executive chairman, Graeme Coutts, takes on a non-executive role in what is his first appointment since retiring from
2012 UK Oil and Gas Industry Safety Awards Winners
The winners of the 2012 UK Oil and Gas Industry Safety Awards, sponsored by Maersk Oil, were announced at a special lunchtime awards ceremony in Aberdeen yesterday (18 April 2012). The showcase event, held at Aberdeen Exhibition and Conference Centre, saw over 400 attendees at the event ranging from
USA: Noble Corporation Earns USD 120 million in 1Q 2012
Noble Corporation today reported first quarter 2012 earnings of $120 million, or $0.47 per diluted share, versus $127 million, or $0.50 per diluted share, for the fourth quarter of 2011. Earnings for the first quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services r
Elgin Gas Leak: Total Spuds Relief Well (UK)
Oil major Total has announced that the Sedco 714 rig has initiated drilling of the first relief well as part of the company’s strategy to stop the Elgin G4 gas leak. The gas has been flowing freely to the atmosphere from the G4 well since March 25 when the company was forced to evacuate all [&hellip
UK: GE Oil & Gas, Expro Ink Framework Agreements with Hydrasun
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has received three framework agreements worth a total of £3.5million per year to the company. The recent agreements, for work in the North Sea and internationally, are with
Denmark: Dong Energy Welcomes New CEO
DONG Energy’s Board of Directors has decided to appoint Henrik Poulsen as the new Chief Executive Officer (CEO) of DONG Energy. Henrik Poulsen joins from TDC A/S, where he is currently CEO. He will take up his new role no later than 1 November 2012. Fritz Schur, Chairman of the Board of Directors, c
Norway: Statoil Awards Research Prize to IRIS Chief Scientist
Eric Cayeux has been awarded the Statoil research prize 2012 for his work in automated drilling, which include scientific breakthroughs that will be of great importance to the industry. The prize of NOK 200,000 and a lithography by Håkon Bleken was awarded by Karl Johnny Hersvik, Senior Vice Preside
DONG Energy: Costs for Siri Platform Repair Rising (Denmark)
As announced in June 2011, Denmark’s leading energy company, DONG Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. Following the progress of the project, the repair cost estimate has been increased from the initial expected
Nord Stream Line 2 Hits the Seafloor
The Nord Stream Project took another major step forward today with the completion of offshore pipelay of the second of its twin 1,224-kilometre gas pipelines through the Baltic Sea ahead of schedule. Following extensive pre-commissioning and commissioning, Line 2 is scheduled to begin transporting g
Malaysia’s Bumi Armada Bags Caspian Sea Gig from Lukoil
Malaysia-based Bumi Armada Berhad has received an engineering procurement, installation and commissioning (EPIC) contract valued at approximately USD 200 million from the Russian oil major, OAO Lukoil. The EPIC contract is for the Filanovsky field development in the Russian sector of the Caspian Sea