Fossil Energy
MEO in quest for farm-in partner after Apache bails out (Australia)
MEO Australia Limited has informed that Apache Northwest Pty Ltd has elected not to exercise its option to farm-in to the AC/P50 and AC/P51 exploration permits, offshore Australia. Under the Option Agreement signed in June, 2014, Apache had until 30th September 2014 to elect to potentially acquire a
Huntington setback for Noreco
Norwegian Energy Company ASA is facing tough times ahead as it has received information of an unplanned shut-down of Huntington field in the UK North Sea. The company has said its liquidity may be impacted.
Atkins buys Houston Offshore Engineering
Houston Offshore Engineering has specialist experience in the design of offshore deepwater floating production platforms
Strong maritime presence
The conference program, with this years’ cross-cutting theme “the future is in the water”, offers a platform for discussing key topics and solutions for the offshore community. Together with the Royal Association of Netherlands Shipowners, Offshore Energy will feature a session on the rules and re
The future is in the water, but is it in subsea processing?
To meet rising energy demand, the world needs to develop all available energy resources. Despite substantial growth in renewables, hydrocarbons will continue to play a dominant role. As the days of easy – onshore – oil and gas are over, the locus of E&P activities is increasingly shifting to the off
Creative and flexible funding for offshore contractors
The global energy sector operates in a highly dynamic and competitive business environment. The total offshore capital expenditures of oil and gas companies are expected to exceed USD 270bn year-on-year by 2018, Cornelie Goedhuis, Global Head – Natural Resources, ING Bank, says. “So while the size
Collaboration key to industry’s success
“If we do not organize ourselves differently as industry, we miss sustainable opportunities”, states Alexander van Noort, country manager Denmark and The Netherlands at Schlumberger. A sentiment carried throughout the Offshore Energy Stakeholders meeting held on 19 March in the Maastoren in Rotter
Offshore wind industry needs standardization
Cost reductions are a huge industry focus. I am confident that we can lower the levelized costs of energy by 30 to 40 percent for those projects that will achieve FID in 2020. Of all the possible reductions in CapEx and OpEx, one of the innovations that needs to come forward is standardization of of
Installation of largest transformer at sea – excellent example of Holland’s Glory
Dutch offshore companies realized a unique operation in the North Sea. Under the direction of Seaway Heavy Lifting, one of the world’s largest convertor platforms – a “power socket at sea” – has been installed to the west of Sylt, the East Frisian island. At 83 meters long, 56 meters wide, and 26
Petra Energy starts topside maintenance ops for Petronas
Malaysia’s Petra Energy has started the topside major maintenance services (TMM) contract for Petronas’ Sabah operation earlier than planned. The contract was first awarded on 21 May 2013 for five years effective from 21 May 2013 and will expire on 20 May 2018. The TMM Services was originally schedu
Pertamina shells out $2B for stake in Murphy’s Malaysian business
Murphy Oil Corporation will sell 30% of its Malaysian oil and gas assets for $2.0 billion to Indonesia’s oil company Pertamina. The effective date of the transaction will be January 1, 2014 with closing expected to take place in two phases. The first phase is expected to be completed in the fourth q
Report: Subsea equipment demand in growth mode
Escalating energy requirements and declining reserves in existing wells are lending momentum to subsea exploration, fuelling the adoption of subsea equipment globally, Frost & Sullivan report reveals. As attractive returns and higher recovery rates position subsea exploration to challenge the near-s
Deep Sea Mooring opens new office in Australia
Deep Sea Mooring (DSM), a provider of mooring solutions, is expanding its international footprint with the opening of a new office in Perth, Australia. The facility, which will officially open 8 October, will provide sales and technical support to customers across Australasia. To support its mooring
Bristow Group: New contracts to generate $2.8B in revenue
Bristow Group Inc., the provider of helicopter services to the offshore energy industry, has announced that since the beginning of calendar year 2014, it has secured several renewal and new multi-year contracts for oil and gas and search and rescue operations (SAR). The announcement was made in adva