Fossil Energy
SPE Aberdeen marks 40th anniversary
SPE Aberdeen reaches its landmark 40th anniversary in 2014. “Having arrived shortly before the first drop of oil was extracted from the North Sea, SPE Aberdeen hopes to be here when the last drop of oil comes out of it,” SPE Aberdeen said in the press release SPE is an oil and gas industry membershi
Technics wins leasing contract in Indonesia
Mainboard listed Technics Oil and Gas Limited, a full service integrator of compression systems and process modules for the global offshore oil and gas sector, has announced that it has been awarded its 3rd leasing contract worth S$17.3 million. It involves a 5 years leasing and maintenance contract
Primeline in LS36-1 gas field production trials (China)
Primeline Energy Holdings Inc. has announced that the trial production of gas from the LS36-1 gas field has now started. As previously announced, with the completion of the last section of the gas sales pipeline and connection to the provincial gas grid, the LS36-1 gas field development was complete
Transocean in IPO launch
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced that it has started an initial public offering of 17,500,000 common units representing limited liability company interests pursuant to a Registration Statement on Form S-1 previously filed
Cosco bags $300M in offshore and shipbuilding contracts
The Board of Directors of COSCO Corporation (Singapore) Limited has announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured contracts valued at approximately $300 million to build one accommodation barge and seven bulk carriers. C
PSA audits communications on BP’s Ula (Norway)
From 11 to 13 June 2014, the Petroleum Safety Authority Norway (PSA), with technical assistance from Telenor Maritim Radio, Radioinspeksjonen, carried out an audit of the Ula platforms. The objective of the audit was to assess whether BP Norge AS meets the regulatory requirements within emergency pr
NOF Energy members in Ichthys FPSO deal
Two NOF Energy members have joined forces to complete contracts on a production and storage vessel which will be used off the Australian coast. Flexible Engineered Solutions International of Ashington, supplied Diverless Bend Stiffener Connectors for the Floating Production, Storage and Offloading (
Trinity International Services gains contract extension in Norwegian North Sea
Trinity International Services, an offshore catering, hotel-keeping, design and consultancy provider, has gained a contract extension worth more than £5million with a major oil and gas drilling company. Aberdeen-headquartered Trinity has signed a three-year renewal with Stena Drilling, for work on i
Searcher Seismic starts 2D survey in West Luzon Basin (Philippines)
Searcher Seismic has announced the proposed acquisition of the Pinatubo multi-client 2D seismic survey. Searcher plans to acquire the 3,843 km survey covering a 10 by 20 km grid in the West Luzon Basin. The survey includes coverage over the PECR5 bid round blocks 8,9,10 & 11. The Pinatubo 2D survey
Wintershall chooses 8over8’s contract management platform
Global oil and gas exploration and production company, Wintershall Holding GmbH, has selected 8over8® Limited’s contract management platform to underpin its global capital development strategy. Wintershall has recently acquired a number of licences and fields in the Norwegian North Sea. The company
Vard records profit jump in Q2
Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, has announced its financial results for the second quarter of financial year 2014 (2Q2014), and first half ended 30 June 2014 (1H2014). Revenues for 2Q2014 were NOK 2.94 billion, in line with the corresponding per
Fugro commits to Angolan market
To accommodate the future needs of the rapidly growing Angola offshore oil and gas industry Fugro has opened its new facility in the SONILS Oil Service Centre in Luanda. Angola is now the second largest oil producer in Sub-Saharan Africa, after Nigeria. The official opening of the facility on 10 Jul
FEESA becomes part of KBC’s oil and gas strategy
KBC Advanced Technologies plc has purchased FEESA Ltd, a UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of $17 million (£10 million) plus one million KBC shares, totalling $19.1 million (£11.2 million). The acquisition of FEESA ma
Petrobras’ June oil production up 1.7 per cent (Brazil)
Brazil’s state-controlled oil company Petrobras has announced that the company’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% from May’s production of 1,975 thousand bpd. Including the production operated by Petrobras for its partners in Brazil, the volume reached