Fossil Energy
Kongsberg wins contracts in China and Korea
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ)
Seadrill Partners buys stake in Seadrill Operating
Seadrill Partners LLC has entered into an agreement with Seadrill Limited pursuant to which it will acquire an additional 28% interest in Seadrill Operating LP for approximately $373 million. After completion of the acquisition, the Company will own a 58% interest in Seadrill Operating which is now
EOC to add two new accommodation vessels to its fleet
EOC Limited, a provider of offshore oil and gas development and production solutions, has announced that it would be adding two new accommodation/maintenance vessels to its fleet, in line with its focus on growing its offshore accommodation business. EOC has entered into shipbuilding contracts worth
Announcing Offshore Energy Exhibition & Conference 2015, The Netherlands
We are pleased to announce that next year’s Offshore Energy Exhibition & Conference will be held on 13 & 14 October 2015. Save the date and join tens of thousands international professionals again at the meeting place for the offshore industry in Amsterdam. Offshore Energy is an annual event focused
Statoil to use ‘Floatel Superior’ on Valemon
Statoil has received consent from the Petroleum Safety Authority Norway to use the Floatel Superior mobile accommodation facility as a flotel for the Valemon field. Floatel Superior was completed in March 2010 at Keppel FELS shipyard, Singapore. The facility is operated by Floatel International AB (
Dispersant from Deepwater Horizon spill persists in environment, research shows
The 2010 Deepwater Horizon (DWH) spill in the Gulf of Mexico was the largest accidental release of oil into the ocean, with approximately 210 million gallons gushing from the blown out well. In an attempt to prevent vast quantities of oil from fouling beaches and marshes, BP applied 1.84 million gal
DECC: Oil & Gas provides 70 per cent of UK’s total energy demand
Oil & Gas UK has welcomed today’s report: ‘Delivering UK Energy Investment 2014’ from the Department of Energy & Climate Change (DECC), as a useful contribution to the debate around the future of the oil and gas industry. Malcolm Webb, Oil & Gas UK’s chief executive, said: “As the biggest investor i
Numerous non-conformities identified during Rowan Gorilla VI audit
On 17 and 18 June 2014, the Petroleum Safety Authority Norway carried out an audit of Statoil and Rowan Gorilla VI within the disciplines of maintenance management, logistics (cranes and lifting), drilling and well technology, and emergency preparedness. The purpose of the audit was to assess whethe
Baker Hughes sees profit rise
Baker Hughes Incorporated has delivered record revenue of $5.9 billion for the quarter, up 8% year over year and adjusted profit before tax from operations of $778 million, up 15% sequentially. Adjusted net income for the second quarter of 2014 excludes $62 million in before-tax charges ($39 million
PSA audits barrier management on Statfjord C
From 23 to 25 April 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s barrier management at Statfjord C. The objective of the audit was to review whether Statoil’s management and monitoring of barriers was in accordance with the company’s and statutory requirements,
AGR to work on well management offshore Benin
AGR has been awarded a contract to provide Well Project Management services to Dallas based ‘Hunt Oil’ for the drilling of one exploration well plus one future option well located offshore Benin. AGR’s Executive Vice President, Ian Burdis, said: “AGR is pleased to continue its working relationship w
Woodside revenues jump 25 per cent
Woodside, one of the leading Australia’s independent oil and gas companies, has delivered results for the second quarter of 2014. Recorded sales revenue for the quarter was $1,679 million. Production volumes were 2.2% higher mainly due to higher LNG volumes produced at Pluto. Sales volumes were 7.3%
Renaissance buys into 9 GoM fields
Black Elk Energy Offshore Operations, an independent oil and gas company headquartered in Houston, Texas has entered into a Purchase and Sale Agreement with Renaissance Offshore, a privately held Houston based oil and gas company. Under the agreement, Renaissance will acquire interests in 9 fields i
SPE to honor Petrobras CEO with Lifetime Achievement Award
Petrobras CEO Graça Foster has been selected for the honor of receiving the 2014 Distinguished Lifetime Achievement Award, presented to professionals who have made an outstanding contribution to the world’s oil and gas industry. For the first time ever, a female Brazilian engineer will receive the h