Fossil Energy
Norwegian Electric Systems clinches GMS supply deal
Norwegian Electric Systems has won the contract to supply a Gulf Marine Services’ S-Class jack up barge with a Diesel Electric propulsion system and Automation package. The full package includes diesel engines, generators, switchboards, transformers, thruster motors, variable frequency drives and a
Galp profit falls
Portugal’s energy company Galp Energia today reported its second quarter 2014 EBITDA of €271 m, down 11% YoY due to weak international refining environment and Sines refinery maintenance. The company’s net profit also experienced a plunge. In the exploration and appraisal activities segment, Galp
Crowley christens ‘Ocean Sky’
As part of the company’s new vessel build program, Crowley Maritime Corp. christened the third of four tugboats in the ocean class series –Ocean Sky– in Houston on Friday, July 25, 2014. The ceremony served to formally welcome the third dynamic positioning (DP) tugboat to the company’s expanded ocea
Valemon topside reaches Norway after 11.500-mile journey (VIDEO)
The topside to be installed at the Statoil-operated Valemon field in the Norwegian North Sea, has reached Norway after a long journey from the Far East.
Solan oil tank arrives in Lerwick
A large steel oil storage tank to be installed west of Shetland as part of Premier’s development of the Solan field has arrived in Lerwick onboard a heavy-transport vessel Xiang Yun Kou, to make use of the port’s deep-water quays and anchorage. The vessel is berthed at Holmsgarth 5 and local enginee
Record revenue for Forum Energy Technologies
Forum Energy Technologies, Inc. has announced second quarter 2014 revenue of $428 million compared to $368 million for the second quarter 2013. Net income for the quarter was $40 million or $0.41 per diluted share compared to $30 million or $0.32 per diluted share for the prior year period. Included
New Zealand Greens launch plan to ban deep sea oil drilling
The Green Party has launched its plan to protect New Zealand beaches from oil spills. The plan is the second component of the Party’s environmental priority this election: Rivers clean enough to swim in again, and beaches safe from oil spills. The key policy points in the Green Party’s plan to prote
Premier Oil names Finance Director
Premier Oil, the UK-based independent oil and gas company, has announced that Richard Rose will join Premier’s Board as Finance Director on 8 September 2014. Rose is qualified as a chartered accountant with Ernst & Young and has spent over 20 years within the energy sector including 13 years working
Contract extensions for GMS vessels in MENA region
Gulf Marine Services has informed that contract extensions have been exercised for two of its Small Class vessels in the MENA region.
FAN-1 drilling resumes offshore Senegal
FAR Ltd has informed that drilling has resumed on the FAN-1 well offshore Senegal.
WorleyParsons supports Woodside’s NWS project
WorleyParsons has been selected to provide engineering, procurement and construction management services under a ‘Brownfield EPCM Services Outline Agreement’ for the Woodside-operated North West Shelf Project in Australia. Under this framework agreement, WorleyParsons will deliver brownfield EPCM se
No hydrocarbons at TAO-1
Tangiers Petroleum has provided the following update on the TAO-1 exploration well located in the Tarfaya Offshore Block, Morocco. The TAO-1 exploration well, operated by Galp, has intersected the shallowest and secondary objective, Assaka. Based on currently available information, no hydrocarbon sh
BSEE tests Murphy’s readiness to respond to oil spill in GoM
The Bureau of Safety and Environmental Enforcement (BSEE) initiated a day long unannounced drill involving Murphy Exploration and Production Company last week. The exercise tested Murphy’s ability to respond to a simulated spill event in accordance with its Oil Spill Response Plan (OSRP). The scenar
Rosneft to carry out seismic survey in Kara Sea
Rosneft has reported that on July 24, 2014 research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey will be carried out in the three Vostochno-Prinovozemelsky licenses. The field work will be conducted in the surface area that t