Fossil Energy
Mexican petroleum industry opens up and presents business opportunities
The Mexican petroleum industry reform is unarguably one of the most topical developments this year with potential great impact on the industry and added volumes of hydrocarbons production. As the Mexican market has been more or less closed for private initiatives since 1938, the recent change empowe
UKCS decom to cost over $23B in next decade
Oil & Gas UK today launches its annual Decommissioning Insight – an industry forecast for decommissioning activity and expenditure on the UK Continental Shelf (UKCS). This year the report focuses on the activity of 28 operators in the UKCS – providing intelligence on their decommissioning plans fo
TGS ‘declares’ Gulf of Mexico survey
TGS, a Norway-based seismic survey specialist, announces the expansion of its Constitution group of WAZ 3D projects with the start of the Declaration survey.
SBI Offshore exec calls it quits
SBI Offshore Limited has announced the resignation of Giang Sovann as Executive Director of the Company effective from 8 October 2014. Following his resignation, Giang Sovann has relinquished his position as a member of the Board Risk Committee. According to the company’s release Sovann tendered his
Monjasa approved as oil spill responder in Dubai
The Dubai Maritime City Authority (DMCA) has announced the approval of Danish company Monjasa as the dedicated Oil Spill Responder (OSR) for Tier 2 and 3 spills in Dubai’s anchorages and offshore waters. As the dedicated OSR for Dubai, Monjasa is committed to keeping a vessel on standby 24/7 for i
Delta House FPS reaches GoM location
LLOG Exploration, a U.S.-based oil and gas exploration and production company, has announced that Delta House FPS system arrived on location in the U.S. Gulf of Mexico.
Three Swissco vessels bound for Middle East
Singapore’s Swissco has secured three charters worth US$17.3 million. The offshore support vessels, comprising two new workboats and one anchor handling tug supply vessel, will be deployed in the Middle East. Sam Kwai Hoong, Group Chief Financial Officer of Swissco, said: “Once again, our strong ind
DNV GL creates team to meet subsea sector growth
The subsea sector is reportedly set to quadruple in size, with projected annual revenues of £85bn by 2020. Currently 45% of the UKCS (United Kingdom Continental Shelf) production comes from subsea wells and with an increased focus on maximising economic recovery, one of the key challenges is to incr
Ezra wraps up three Noble Energy contracts
Ezra Holdings’ subsea services division, EMAS AMC, has finalised three contracts with Noble Energy valued collectively at over US$300 million. The scope of work includes engineering, procurement, construction and installation of subsea tie-backs for the Big Bend, Dantzler and Gunflint field developm
Nautronix’s subsea positioning system for Aasta Hansteen
Nautronix, a provider of through water communication and positioning technology to the offshore industry, has secured an order to supply NASNet®, an underwater positioning system for Subsea 7. The system will be used on the Aasta Hansteen field, which is located in the northern part of the Norwegian
Marine Platforms counting days to ‘African Inspiration’
On 5 November, Havyard’s shipyard in Leirvik in Sogn will hand over the ship to the Nigerian company, and on the following day the ship will be named and duly celebrated in Fosnavåg in Møre og Romsdal county.
Double win for Petrofac
Petrofac’s Offshore Projects & Operations business unit has been awarded two major reimbursable contracts in the UKCS and the Middle East. In the Central North Sea, Petrofac has been selected to provide engineering and construction support worth up to $120m for Chevron’s three operated assets – the
MPX to plug Aragon well
MPX North Sea limited has informed that well operations drilling and open hole logging operations have been completed on the Aragon exploration well 9/14a-15A in Licence P1763, offshore UK.
Lundin spuds Storm (Norway)
Swedish operator Lundin Petroleum AB has begun drilling of exploration well 33/2-1 in PL555, in the North Sea, offshore Norway. The well will investigate the hydrocarbon potential of the Storm Prospect in PL555, which is located 200 km west northwest of Florø on the Norwegian west coast and approxim