Fossil Energy
Wood Group announces acquisition of Agility Projects
Wood Group has reached an agreement with Agility Group to acquire Agility Projects AS, a Norwegian engineering, procurement, construction management, installation and commissioning company, for a total consideration of NOK 1,008m (approximately $164m1). Based in Sandefjord, near Oslo, Agility Projec
James Fisher, KDM Marine in JV to service offshore and subsea markets
James Fisher and Sons plc, the UK’s marine services provider, has announced the formation of a new venture with Aberdeen based company KDM Marine – James Fisher Mass Flow Excavation – to jointly offer their market-leading subsea excavation capability and resources to the offshore industry in a singl
DONG Energy invests in its Danish expansion
The positive development within the offshore industry has made it necessary for DONG Energy to extend the company’s office and storage facilities in the Port of Esbjerg. Therefore, DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies’ existing lease agreemen
Tax regime must be simplified and headline rates reduced, Oil & Gas UK says
Oil & Gas UK has welcomed HM Treasury’s announcement today (14 July) of a formal consultation into the future of the UK offshore oil and gas tax regime. The industry’s leading trade body believes the sector faces an uncertain future and that the tax review is therefore now urgently needed. The UK co
ISS names new Managing Director in Brazil
Inchcape Shipping Services (ISS) has appointed experienced maritime professional Henrique Schlaepfer as its new Managing Director Brazil. Based in Rio de Janeiro, Henrique will report directly to regional Executive Vice President, Jaime Otero. Starting his maritime career in 1984, Henrique served as
Noble Corp. gives green light to Paragon spin-off
Noble Corporation plc’s board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinar
IFS partners with Deloitte in Benelux
IFS, the global enterprise applications company, has signed an agreement with Deloitte, making the professional services firm its strategic partner for the deployment of IFS Applications™ in the offshore, oil & gas and maritime industry in the Benelux. Through the agreement, IFS is expanding its par
PSA audits barrier management on Johan Sverdrup
On 20 and 21 May 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s barrier management in the early phase of the Johan Sverdrup 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
Tangiers: TAO-1 drilling going as planned
Tangiers Petroleum Limited has provided an update on the drilling of the TAO-1 exploration well,located offshore Morocco. No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced. As th
Karoon hires ‘Olinda Star’ semi for Santos Basin blocks
Karoon has executed final agreements with members of the QGOG Constellation S.A. group for contracting the “Olinda Star” semi‐submersible drilling rig. The “Olinda Star” has been contracted to complete up to four wells in Karoon’s 65% owned and operated Santos Basin blocks, S‐M‐1037, 1101, 1102, 116
EMGS hired for 3D acquisition in Barents Sea
Electromagnetic Geoservices ASA (EMGS) has received a contract worth $2.7 million from OMV (Norge) AS and its partners in PL537 for 3D EM data acquisition in the Barents Sea. The survey will start in July using the vessel Atlantic Guardian. Atlantic Guardian is a cable laying / seabed mapping vessel
African Petroleum to farm-out interest in block offshore Côte d’Ivoire
African Petroleum Corporation Limited has entered into an agreement with Buried Hill Africa Limited to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Block CI-509 and an additional cash
Most popular articles of the week, July 7 – 13, 2014
Petrobras facing $15B loss in case of SBM Offshore contracts termination Petrobras, Brazil’s state-controlled oil company, has said that it may have a reduction of $15 billion in net income between 2014 and 2018 in case of termination of current contracts with SBM Offshore. Offshore helicopter saf
Baker Hughes: U.S. offshore rigs up by 2
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the U.S. Offshore rig count is up by 2 rigs from last week. BHI Rig Count: U.S. + 1 to 1875 rigs U.S. Rig Count is up 1 rig from last week to 1875, with oil rigs up 1 […]