Fossil Energy
GE Oil & Gas inks $300M offshore equipment deal with Petrobras
GE Oil & Gas yesterday announced a more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 feet (2,000 meters). This award includes eight manifolds that will be designed with retriev
Hilong takes over ‘Hilong 106’ pipelay derrick barge
China’s Hilong has taken delivery of the ‘Hilong 106’ pipelay derrick barge, boosting its expansion into the offshore engineering and services sector. The “Hilong 106” was built by Shanghai Heavy Industries (Group) Co., Ltd. and purchased by Hilong in late December 2013. The 167-m long, 46-m wide “H
Hyperdynamics Board member calls it quits
Hyperdynamics Corp. has announced the resignation of Lord David Owen as a member of its Board of Directors.
Mermaid bags Middle East subsea contracts
Mermaid Maritime has been awarded two saturation diving services contracts. Both Contracts are estimated to be of approximately 6‐8 months duration in total in the Middle East. The first of these two contracts has already begun and the second will start back‐to‐back upon completion of the first. The
Rowan CFO steps down ‘to pursue other opportunities’
Rowan Companies plc, a US-based drilling contractor has informed that J. Kevin Bartol, Executive Vice President, Chief Financial Officer & Treasurer, has decided to leave the Company to pursue other opportunities. Bartol will continue to serve until a successor is chosen and a smooth transition is c
Marine Contracting to build bridge for Cantarel field facilities
Singapore-based Marine Contracting has been awarded a contract by Jord Oil & Gas B.V. to install an interconnecting bridge and tripod support structure for the Cantarell field in Mexico. The bridge will connect PEMEX’s existing facilities to a jack-up rig with compression facilities.The EPCI (Engine
Report: Scotland should learn from Norway and create oil fund
A new economic analysis of a potential Scottish Oil or Sovereign Wealth Fund has found that in 24 years Scotland could earn the same annual revenue from an oil fund as current revenues from North Sea oil and gas tax receipts. The new economic outlook, undertaken by economists for oilandgaspeople.com
New winch system to improve offshore supply ops in Canada
Rolls-Royce is developing the intelligent winch system in order to improve the safety of offshore oil and gas workers and increase the availability of cargo transfer opportunities.
Lloyd’s Register bags inspection contract with Woodside
Lloyd’s Register Energy has informed that the company has been chosen by Woodside as one of its global inspection providers. The new contract will help to ensure the components and equipment Woodside procures globally meet quality expectations, LR Energy says. Woodside is an independent oil and gas
Two ‘promising’ offshore blocks for RWE Dea in Egypt
In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more than 30 years. Dea will become o
Solstad sells 29 years old AHTS
Solstad Offshore, a Norway based offshore ships supplier, has entered into an agreement for the sale of “Normand Draupne” AHTS built in 1985 to an international buyer. The vessel is expected to be handed over to new owners during December 2014. The sale of the vessel will have a positive cash effect
OGN: Scottish independence could jeopardise UKCS future
With the Scottish Independence referendum looming, the England-based engineering and construction company reveals its preference.
Statoil suspends another rig on ‘overcapacity’
Norwegian oil giant Statoil will lay up the COSL Pioneer semi-submersible drilling rig in the fourth quarter of 2014, “due to overcapacity in our rig portfolio.”
Eni strikes oil in Angola
Eni made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola.