Fossil Energy
AGR, Lundin continue cooperation
AGR’s Facilities Solutions division, part of the global service company AGR, announces that its Frame Agreement with Lundin Norway had been extended for another three years.
Scana pens two propulsion equipment contracts
Scana Propulsion, a subsidiary of Scana Industrier ASA, has signed two contracts for delivery of propulsion equipment to sophisticated offshore vessels. The total value of the contracts are about 38 million NOK. The contract with Flensburger Schiffbau GmbH in Germany is for delivery of propulsion sy
Ithaca Energy: Q2 production in line with expectations
Ithaca Energy Inc. has provided a production update following the end of the second quarter of the year (“Q2-2014”). Average pro-forma production in Q2-2014 was approximately 14,400 barrels of oil equivalent per day (“boepd”), 94% oil, including the contribution from the assets being acquired from S
Seadrill gets three rigs refinanced
Seadrill Limited has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a US$900 million fa
EOC to acquire EMAS Marine from Ezra
EOC Limited today entered into an agreement with its largest shareholder, Ezra Holdings Limited to consolidate EMAS Marine, the offshore support services division of Ezra. The enlarged EOC Group will leverage EMAS Marine’s extensive execution capabilities and established track record in asset manage
‘BOA Thalassa’ mobilized for Barents Sea survey
Electromagnetic Geoservices ASA (EMGS) has received a contract from A/S Norske Shell and its partners in PL706 for 3D EM data acquisition in the Barents Sea. The survey will start in July and has an expected duration of approximately 10 days using the vessel BOA Thalassa. The vessel of the MT 6007 d
PTTEP hires UMW Naga 5 for Myanmar drilling
Malaysia’s UMW Oil & Gas has received a contract for its recently delivered jack-up rig UMW Naga 5.
EOC expands fleet with new accommodation vessel
EOC Limited has today announced that it will acquire a new accommodation and support vessel. EOC has entered into a memorandum of agreement to acquire a newbuild accommodation and support vessel, for a purchase price of US$32.5 million. The vessel is designed to meet the classification requirements
Hyundai Heavy introduces automatic welding solution for offshore structures
Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced today that it developed a new automatic welding process for building offshore facilities. The new hot-wire TIG (Tungsten Inert Gas) robot welding process combines convent
Offshore helicopter safety report reveals ‘macho bullying culture’
On 23 August 2013, a Super Puma L2 helicopter, owned by CHC, on its way from the Borgsten Dolphin semi-submersible drilling rig, was on approach to Sumburgh Airport when it crashed. Four passengers were killed. That was the fifth accident in four years involving a helicopter carrying oil and gas ind
Emerson to train Baku Higher Oil School students
On July 8, an agreement was officially signed between Emerson and Baku Higher Oil School (BHOS) under State Oil Company of Azerbaijan Republic (SOCAR) in Baku, Azerbaijan. Under the Agreement, organizations will take actions to support research and educational programs on process automation at oil a
Entrada, CFG Bridge to help UK firms do business in Brazilian oil sector
Aberdeen-headquartered Brazilian market specialist EntradaB2B has joined forces with CFG Bridge to facilitate farm-in opportunities for UK companies seeking access to the exciting Brazilian oil sector.
Kongsberg to supply Heerema with offshore crane simulator
Heerema Marine Contractors (HMC) has selected Kongsberg Maritime’s K-Sim Offshore simulation platform to enhance crane operator training and the safe, efficient implementation of heavy lift operations. With the contract signed on May 21st 2014, delivery of what will become the world’s most advanced
Forum Energy gets SC72 extension
Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, today confirms that the Philippine Department of Energy has granted the Company’s request for an extension to the second sub-phase of Service Contract 72 (“SC72”). The deadline for compl