Fossil Energy
Archer secures contract extension on Statoil’s Peregrino
Archer Limited has announced that Statoil Brasil Oleo e Gas Ltda., has exercised the first of two options to extend its contract with Archer for the provision of Platform Drilling Management Services on their Peregrino Field Development. The original contract was for a fixed four-year term starting
Lime Petroleum surrenders three North Sea licenses
Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by 23 July 2014. Following the assessment of resul
AGSL’s Asset Guardian software for North Sea operator
Asset Guardian Solutions Ltd (AGSL), which specialises in protecting companies’ process critical software assets, has announced that it has been awarded a key contract by a major North Sea operator in Aberdeen, Scotland, for an undisclosed amount. The contract requires AGSL to provide Asset Guardian
O&G UK to shed light on upstream oil and gas labour market
Oil & Gas UK, in conjunction with oil and gas industry skills organisation OPITO and the Department for Business, Innovation & Skills (BIS) today (July 24) announces it has commissioned EY to ‘map’ the UK upstream oil and gas labour market to provide valuable intelligence. This constitutes a major p
Cameron raises bar on full year outlook
Cameron has reported earnings per share for the second quarter of 2014 of $1.00 excluding unusual items. This compares to earnings per share for the second quarter of 2013 of $0.77 excluding unusual items. The unusual items for the second quarter of 2014 were after-tax credits of $0.02 per share and
EMSA gets funding for O&G pollution response
The EU Council has adopted a regulation to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014 to 2020. The final adoption of the legislative act by the Council follows an agree
Statoil to set up modular drilling rig on Heimdal
Statoil has received consent for installation and temporary operation of a modular drilling rig (MDR) at the Heimdal facility. Installation will begin in the third quarter of 2014 with commissioning scheduled for November. Heimdal is a gas field lying under 120 metres of water in block 25/4 in the c
Diamond Offshore makes $90M in Q2
Diamond Offshore Drilling, Inc. has reported net income of $90 million, or $0.65 per share, for the second quarter of 2014, compared with net income of $185 million, or $1.33 per share, in the same period a year earlier. Revenues in the second quarter of 2014 were $692 million, compared with revenue
Bibby Offshore receives Chancellor of the Exchequer (UK)
Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby Offshore’s new
Northern Petroleum wins new permit offshore Italy
Northern Petroleum has been awarded the C.R149.NP permit offshore in the Sicily Channel adjacent to the Northern Petroleum operated permit C.R146.NP. The permit C.R149.NP was applied for in order to encompass an extension of the Vesta prospect, mapped within the Company’s adjacent C.R146.NP permit.
Farstad secures multiple charter deals
Norway’s Farstad Shipping ASA has secured multiple charter contracts worth approximately NOK 1.75 billion. Farstad Shipping ASA has been awarded the following charter contracts: Inpex has awarded contracts to AHTS Far Sword (2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L, 14.700 BHP
Conbit replaces flare tip on OFON2 off Nigeria
At the end of June 2014, one of Conbit’s specialist lifting crews replaced the flare tip on the OFON2 complex, offshore Nigeria. A team of 5 people completed the job within a limited shutdown period. The OFON field is located in block OML 102, approximately 45 km off the southeast coast of Nigeria a
Technip takes profit dive in 1H 2014
On July 22, 2014 Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Technip’s second quarter results were highlighted by an order intake of 7.1 billion euros, revenues of 2.6 billion euros, compared to 2.4 billion same time last year (9% r
Wood Group Kenny upgrades riser design software Flexcom
Wood Group Kenny (WGK) has announced that findings from the first and second phases of a Joint Industry Project into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea sy