Fossil Energy
Report: Benefits of Cygnus project felt accross UK
A new report published 15 October has revealed the full extent of the economic benefits being generated by the Cygnus gas project – the UK’s largest Southern Gas field discovery in the past 25 years. The report by leading economics consultancy Oxford Economics has highlighted how the project will ad
Det norske to use ‘Transocean Winner’ on Alvheim, Bøyla
The Petroleum Safety Authority (PSA) Norway has given Det norske oljeselskap ASA consent to use the Transocean Winner semi-submersible drilling rig for production drilling at Alvheim and Bøyla in the North Sea, offshore Norway. The background to this consent is Det norske‘s acquisition of Marathon O
CapeOmega to focus on decom works, off Norway
HitecVision, a private equity investor focused on the upstream offshore oil and gas industry, has established a new company, CapeOmega. CapeOmega has been established as a start-up E&P company focusing on late life production and decommissioning on the Norwegian Continental Shelf (NCS). After decade
DNO starts drilling in Sfax permit off Tunisia
DNO ASA, the Norwegian oil and gas operator, has announced the start of drilling of the Jawhara-3 well inthe Sfax Offshore Exploration Permit in the Republic of Tunisia. The Jawhara-3 is the first of several exploration and appraisal wells planned in the permit. The well will be drilled four kilomet
Greenpeace boards Eni’s Prezioso platform (Gallery)
Activists from the Greenpeace ship Rainbow Warrior have boarded the Prezioso offshore oil platform operated by the Italian oil company ENI in the Sicilian Channel. The activists yesterday morning unfurled a 120 meter square banner depicting the Italian Prime Minister, Matteo Renzi, with a message sa
Bumi Armada, Husky-CNOOC delay FPSO contract signing
Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC oil company have agreed to delay the signing of an FPSO contract. The companies in August 2014 signed a letter of intent (LOI) subject to which Bumi Armada would deliver a floating, production, stor
BG Group confirms Helge Lund as new CEO
UK’s BG Group has revealed Statoil’s Helge Lund as Chief Executive and as an Executive Director with effect from 2 March 2015. Lund is currently the Chief Executive Officer of Statoil, a $77 billion international energy company, operating in 36 countries. Over the past 10 years, Lund has led the tra
Statoil’s CEO Helge Lund resigns after 10 years in position
Statoil President and CEO Helge Lund has informed Statoil’s board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas company. The board of directors has appointed Eldar Sætre as acting president and CEO of Stat
Extreme weather suspends ‘Safe Bristolia’
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has informed its accommodation rig Safe Bristolia has sustained damage in a storm last week. The company has said that last week, operation of the rig was suspended due to damages sustained to lifeboats after experiencing extreme weather.
Petrobras: FPSO Cidade de Mangaratiba goes live in Iracema (Brazil)
Petrobras has announced that platform Cidade de Mangaratiba went into operation yesterday (October 14) at the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11, off Brazil. The start-up of the new platform was anticipated since the original expected start-up, as prov
Expro goes Down Under
A UK-based international oil field services company, Expro, has secured a major new contract to supply a high rate well testing package and ancillary services for the INPEX-operated Ichthys LNG Project, offshore Australia. The contract, worth over $50m, will see Expro provide well testing, large bor
INTECSEA, OPC join forces
Oilfield Production Consultants (OPC), an independent consultancy for advice and management to the E&P sector, has formed an alliance with INTECSEA. The two companies have also signed a memorandum of understanding (MOU) that brings together the subsurface expertise of OPC and the subsea facilities,
Oil & Gas UK addressing concerns about Ebola virus
In March 2014 an outbreak of Ebola, a severe viral illness, began in Guinea, West Africa. The outbreak spread to neighbouring Liberia and Sierra Leone and has continued since then. Oil & Gas UK has published Ebola guidance note on how to respond to potential health and safety risks in the UK offshor
Parosha Innovators delivers four moonpool doors
Parosha Innovators B.V. has recently delivered four moonpool doors; three of those to Hyundai Heavy Industries and one to the Ulstein Group. The moonpool doors are specifically designed by Parosha Innovators B.V. to optimize the functionality of the offshore vessel and to ensure the efficiency durin