Fossil Energy
Wison teams up with WorleyParsons
Wison Offshore & Marine (Wison) has signed a Memorandum of Understanding with WorleyParsons Services Pty Ltd. under which the companies will jointly pursue the execution and delivery of ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects. Under the agreement, the co
POSH in Mexican OSV joint venture
PACC Offshore Services Holdings Ltd. has signed a term sheet with Grupo Pegaso, a Mexican conglomerate. Pursuant to the term sheet, Grupo Pegaso will acquire interests in the Company’s joint ventures in Mexico which are involved in the owning and chartering of offshore support vessels.The parties ar
Harkand to inspect Nexen’s North Sea assets
Harkand, a global name in subsea inspection, repair and maintenance and light construction, has been awarded Nexen Petroleum UK Ltd’s 2014 ROVSV inspection services work along with a longer term frame agreement. The contract marks the first piece of work Harkand has undertaken for the operator. The
O&G UK delighted with Government’s response to Wood Review
Oil & Gas UK has welcomed the announcement by the Energy Secretary, the Rt. Hon. Edward Davey MP, of Government support for Sir Ian Wood’s UKCS Maximising Economic Recovery (MER UK) Review. Malcolm Webb, Oil & Gas UK’s chief executive, said: “The offshore oil and gas industry welcomes the reaffirmat
Mubadala Petroleum strikes deal with Somalia
Mubadala Petroleum, an Abu Dhabi upstream oil and gas exploration and production company, has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia. During the first half of 2014, a high level engagement took place between the U.A.E. a
Trelleborg’s foam buoyancy systems for Shah Deniz
Trelleborg’s offshore operation has been awarded a substantial order for its foam buoyancy systems, for the prestigious second phase development of the Shah Deniz field offshore Azerbaijan. Contracted by oil and gas company, BP, Trelleborg will supply a buoyancy package; filled with its high tempera
Det norske makes $27M in Q2 2014
Det norske oljeselskap has reported revenues of NOK 454 (286) million ($73 million) in the second quarter, where petroleum revenues account for NOK 143 million and other revenues account for NOK 311 million, relating to gain from two asset swaps resulting in a 40% ownership in PL457. Exploration exp
Aker profit drops despite revenue growth
Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new A
Trinity acquires stake in two Centrica blocks off Trinidad
Trinity, the leading independent E&P company focused on Trinidad and Tobago, has secured an agreement with Centrica plc to acquire its 80% interests in Blocks 1a and 1b offshore the west coast of Trinidad for a headline consideration of US$23 million. The Assets contain four gas discoveries with agg
Aussies’ offshore jobs protected
The Australian Parliament has made the decision in protecting Australian jobs by blocking the Abbott Government’s attempts to flood the offshore oil and gas sector with cheap foreign labour. The Senate voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) vis
ConocoPhillips hits gas at Pharos-1
Karoon Gas Australia Ltd. has reported that since the last update, the 6‐1/2” hole section was drilled from 4,949mRT to a total depth of 5,220mRT. Final Total Depth of 5,220mRT was reached at 1940 WST on 10th July 2014. Wireline logging operations started on the 12th of July 2014 and are ongoing at
Van Oord’s jack-up equipped with monopile gripper frame
Temporary Works Design (TWD) has announced that the company has completed the design and assisted in the fabrication of a monopile gripper frame for Van Oord. The gripper is designed to keep the monopiles in the correct position and inclination, while counteracting the wave, wind, and current loads
EMP kicks off commercial gas production at Kuat field
PT Energi Mega Persada Tbk. (EMP) reported that its 60.49% owned and operated Malacca Strait PSC block, just started its first commercial gas volume of 8.5 million cubic feet per day to the BOB PT Bumi Siak Pusako – PT Pertamina Hulu Energi (“BOB”). The gas output is produced from the block’s Kuat g
RWE: Leiv Eiriksson approved for Titan drilling
RWE-DEA Norge AS has received consent to carry out exploration drilling of well 35/9-X S Atlas in Titan production licence 420 in the North Sea using the Leiv Eiriksson mobile drilling rig. Water depth at the site is around 358 metres and it is around 81 kilometres south-west of Florø. Drilling is p