Fossil Energy
Wood Mackenzie: FPSO a cheaper solution for Johan Castberg
Wood Mackenzie’s latest analysis of the Johan Castberg area in the Barents Sea considers the alternative development concepts under consideration by Statoil and partners Eni SpA (ENI) and Petoro AS. Wood Mackenzie says the Norwegian project could achieve an internal rate of return (IRR) of 15.9% a
‘Grampian Dynamic’ ERRV delivered to Craig Group
The Emergency Response and Rescue Vessel (ERRV), the Grampian Dynamic, was recently at Balenciaga Shipyard in Northern Spain.
JFE Steel to supply pipes for Petrobras pre-salt fields
Japan’s JFE Steel Corporation announced today that together with Metal One Corporation it has received an order for 280 metric tons of JFE-UHP-17CR-110 OCTG pipe for casing from Brazil’s national oil company, Petrobras. The pipes will be used on Petrobras’s offshore oil development project in Brazil
Three firms enter rig services pact in Norway
The three oil service providers Bergen Group ASA, Semco Maritime and Apply Rig & Modules have entered into agreement to establish the partnership Hanøytangen Rig Services. The rig services market is growing and with a unique, integrated offering, the partnership sees potential to become a leading pr
Isle of Man seeks expressions of interest for offshore seismic survey
The Department of Economic Development of the Isle of Man is seeking expressions of interest to undertake 3D seismic studies in the Isle of Man’s territorial sea in order to provide further data on potential reserves of hydrocarbons (predominantly natural gas). This is in advance of a hydrocarbon li
Cable Solutions secures contracts from Aker Solutions and Kvaerner
Cable Solutions Worldwide Ltd, which celebrated its 10th anniversary this year and is based in Aberdeenshire’s Craigearn Business Park, has secured a frame agreement to supply electrical wire and cable to Aker Solutions ASA and Kvaerner AS facilities worldwide. Cable Solutions Worldwide Ltd, which
Galp to spud offshore Morocco well on June 15
Tangiers Petroleum, with regards to the drilling campaign in Morocco today said the dry hole cost for the drilling of TAO-1, on a trouble free basis, is ~US$73m and in line with the previous estimate released to market. On this basis, Tangiers is fully covered, for the drilling, by existing cash and
Dong Energy: Hejre jacket installed in North Sea (VIDEO)
292 kilometres northwest of Esbjerg, the support structure for DONG Energy’s Hejre platform is now well planted in the North Sea. Now, the first physical signs of a new platform in the North Sea are there. The 8.400-tonne steel structure, called a jacket, which is the support structure of the Hejre
JBS to distribute Wenaas equipment to UK oil & gas industry
Norway-based Wenaas, the global oil & gas industry’s leading workwear & PPE supplier, has strengthened its presence in the UK by appointing the JBS Group as its supplier for the UK oil & gas industry from Aberdeen. The announcement comes as Wenaas, the safety expert, marks the sale of its one millio
IEA: $48 trillion investment needed to meet energy demand by 2035
Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy
CNRI extends North Sea services contract with PD&MS Energy
A UK-based engineering company PD&MS Energy has secured a major five-year North Sea contract extension with CNR International (CNRI).
Wagenborg secures loan for Walk to Work vessel
Germany’s KfW IPEX-Bank is financing a so-called Walk to Work vessel which will be used by Nederlandse Aardolie Maatschappij (NAM), a joint venture of Royal Dutch Shell and ExxonMobil. Santander acted as structuring bank and equity underwriter of this transaction. The ship is being built at the Roya
Lamprell delivers ‘Hydra’ to Seajacks
Lamprell has delivered a self-propelled jack-up vessel, the “Hydra”, to its client Seajacks. Following a naming ceremony for the vessel which was held at Lamprell’s Hamriyah facility in the UAE on 15 April, Lamprell delivered the “Hydra” yesterday. The vessel will depart the facility shortly en rout
BGP Challenger shoots seismic in Brazil
Seismic survey vessel BGP Challenger recently started a 2D seismic survey offshore Brazil, right after its completion of a 2D survey in Namibia.