Fossil Energy
MetOcean Solutions: New weather prediction tool to improve offshore facilities safe operation
A new type of forecasting capability will help the oil and gas industry in Australia better prepare for the impacts of marine weather, potentially avoiding operational delays and costly damage from unexpected conditions. New Zealand company MetOcean Solutions is launching Offshore Motion Forecasts,
COES2014: Experts discussed future of offshore engineering equipment in deepwater
On July 9-10, the fourth China Offshore Engineering Symposium (COES2014) was held in Beijing. The symposium, themed with Going Deep – Global Challenges and Local Perspectives for Offshore Engineering Industry, elaborated on offshore oil and gas industry from the current domestic political environmen
Blue Water Energy invests in Unique Maritime Group
Unique Maritime Group (UMG), one of the world’s leading integrated turnkey subsea and offshore solutions provider, has announced a pivotal strategic equity investment from Blue Water Energy. Founded in 1993, UMG is a specialist in the provision of services, and the sale and rental of equipment for t
Workers stuck on North Sea rig due to helicopter leak
A crew consisting of 18 oil workers has been left stranded on a North Sea Ensco 102 rig when discovered that the helicopter, that was supposed to fly them home, is leaking fluid. The problem with the Airbus EC225, that was supposed to take the workers home, was discovered when the rig workers lined
Athens Group’s system for drilling rig testing gets patented
Athens Group, a provider of independent, 3rd-party technology assurance services for oil and gas drilling and production systems, has announced receipt of U.S. Patent No.: 8793114, entitled Method and System for Drilling Rig Testing Using Virtualized Components from the United States Patent and Trad
Second O&G safety survey from Litre Meter
Litre Meter has launched the second in a series of oil and gas industry safety surveys that will be introduced throughout 2014. The survey is designed to enable manufacturers and resellers to test assertions about functionality and construction and quality of manufacture. The new survey concentrates
Shell: Third major discovery in Norphlet (GoM)
Shell has announced its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring this Jurassic play
Equistone offloads PD&MS to Inflexion
Equistone Partners Europe has exited PD&MS, the fast-growing specialist provider of Engineering, Procurement and Construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion. The mid-market private equity firm has achieved a 2.9x return on total investment afte
PSA inspects Premier Oil’s management of Bream Project
On 29 April 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Premier Oil’s management of the early phase of the Bream project prior to the plan for development and operation (PDO). The objective of a pre-PDO audit is to monitor that the operator’s plans and decisions in the
DCD Marine Cape Town working on SPS and upgrade of ultra-deepwater rig
DCD Marine Cape Town was awarded the contract by a leading global driller to carry out the SPS (special periodic survey) and upgrade on its ultra-deepwater rig. “It is gratifying to have gained recognition for the quality turnkey service we provide, and once again our experienced project management
Vard lands PSV order from E.R. Offshore
Vard Holdings Limited, global designer and shipbuilder of offshore and specialized vessels, has secured a contract for the design and construction of one Platform Supply Vessel (PSV) for E.R. Offshore. The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of
AGR: Operators should take advantage of falling rig rates
AGR, an independent well management company, is urging operators in the North Sea to capitalise on increasing availability and falling rig rates. During the company’s annual rig briefing to operators in London last week (Tuesday, 8 July 2014) delegates heard that a softening rig market means that op
Saipem bags two FPSO contracts in Brazil and Angola
Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts ar
Petrobras extends platform maintenance contract with Skanska
Skanska has renewed two contracts to perform maintenance services on offshore platforms for Petrobras in the area of Macae, Brazil. The combined amount of the contracts is about $87 million (BRL 192 million, about SEK 547 million), which will be included in order bookings for Skanska LA in the third