Fossil Energy
Most popular articles of the week, August 18 – 24, 2014
Two platform evacuations, Gulf of Mexico lease sale, new rigs in Scotland and Qatar, huge FPSO deal, big oil discovery in Australia…
Weekly rig count: Two offshore rigs enter service in U.S.
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which, the U.S. offshore rig count is at 64.
Petrofac reaches milestone in freefall lifeboat launches (UK)
Petrofac Training Services (PTS) is celebrating a major milestone of 1,000 launches of its freefall lifeboat at its Aberdeen Marine Training Centre. The freefall lifeboat system, which is used on many ships and oil and gas platforms worldwide, uses gravity to propel the lifeboat into the sea and cle
Germany approves RWE Dea sale
Germany’s Economy Ministry has given a green light to the sale of RWE Dea to LetterOne group, headed by Russian billionaire Mikhail Fridman.
Proserv to hold series of workshops to present Artemis 2G
Proserv has today announced it will present a series of global workshops to demonstrate Proserv’s Artemis 2G (A2G), its next generation subsea electronics module for control and monitoring communications as a result of a successful event held in Houston. Workshops are to be held in Stavanger, Aberde
NPD approves Statoil’s wildcat well north of Johan Castberg
The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 7220/2-1, in the Barents Sea. Well 7220/2-1 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig. The drilling programme for well 7220/2-1 relates to drilling of a wildcat well i
$600M investment for CHC
Offshore helicopters owner CHC Group Ltd. and Clayton, Dubilier & Rice (CD&R) today announced they have entered into definitive agreements for CD&R managed funds to invest $500 million in CHC through the purchase of convertible preferred shares to be issued in a private placement. As part of the t
Keppel sells PV Drilling Overseas stake
Singapore’s Keppel Corporation Limited has through its subsidiary Joy Pride disposed of its 35% shareholding interest in PV Drilling Overseas Company Private Limited (“PVDO”) to PetroVietnam Drilling and Well Service Corporation and Overseas Drilling Holdings Ltd for US$350. PVDO, which invests, own
Cal Dive gets $125M loan to refinance debt
Cal Dive International, Inc. has executed commitment letters with three financial institutions providing for a $125 million senior secured credit facility that may consist of both a term facility and revolving facility to refinance the Company’s existing revolving credit facility and provide additio
Oil exports begin from Gazprom’s Gulf of Ob field
Gulf of Ob is the largest bay of the Kara Sea. It is located at the mouth of the Ob River and bordered in the west by the Yamal Peninsula.
API: 87% of U.S. waters kept off-limits for exploration
Opening new areas to offshore energy exploration and production could create nearly half a million American jobs
Atlantic Petroleum farms out Norway asset stake to Repsol
Atlantic Petroleum has announced that the Group has entered into a commercial agreement to farm out 6% of its 15% ownership in licence PL528/528B in the Norwegian Sea. This leaves Atlantic Petroleum with 9% ownership. The deal, with Spanish oil company Repsol, is subject to government approval. Ben
SNC-Lavalin completes Kentz acquisition
SNC-Lavalin Group Inc. has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries.
Statoil to drill wildcat in Barents Sea
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7125/4-3 in the production licence 393 B, in the Barents Sea. Well 7125/4-3 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig, type Aker H-6e. It was built in 2009 at Aker Stor