Fossil Energy
Baker Hughes: U.S. Offshore rigs rise to 60
Baker Hughes Incorporated has published its Weekly Rig Count. U.S. offshore rigs are on the rise.
Production partially resumes from Snorre B
No connection has been proven between formation of the pit and well after a pit was discovered at a subsea template at Snorre B platform on 17 May, Statoil said today.
Rosneft, Ministry of Emergency Situations of Russia pen Arctic deal
Rosneft President, Chairman of the Management Board Igor Sechin and Minister of Civil Defense, Emergencies and Disaster Relief of the Russian Federation Vladimir Puchkov signed a cooperation agreement. The parties agreed upon cooperation in the region of protection of territories and population duri
Painkillers, not cocaine found on Piper Bravo
Powder found on Piper Bravo platform turns out to be a legal medicine and not cocaine as previously suspected.
Technip opens new umbilical factory
Housed in one of the tallest single floor buildings in Europe, at 58 metres, the world’s most advanced steel tube umbilical manufacturing facility, which reinforces Technip Umbilicals’ position as a key subsea player, has been officially opened. The increased capability will allow the company to acc
Vallianz buys Ulstein-designed PSVs
Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, will be boosting its fleet capabilities with the addition of platform supply vessels of Ulstein P128 and PX128 designs. Two Ulstein P128 vessels have been acquired and will be delivered
Statoil gets nod for Apollo well in Barents Sea
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 7324/2-1 in the Barents Sea. Well 7324/2-1 (Apollo) will be drilled from the Transocean Spitsbergen drilling facility at position 73°51’47.90″ north and 24°32’29.90″ east. The drilling program for w
Lundin gets green light for new well in Norwegian North Sea
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-8, in the Norwegian part of the North Sea. Well 16/4-8 S will be drilled from the Bredford Dolphin semi-submersible drilling rig at position in the central part of the North Sea. The drilling progr
Fitch: Reduced day rates ahead for offshore drillers
Offshore drillers are facing a softening market with credit implications linked to asset quality and financial flexibility, according to Fitch Ratings.
Island Offshore orders $168M vessel from Vard
Vard Holdings Limited has secured a new contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design.
Remontowa to construct new AHTS
Poland’s Remontowa Shipbuilding S.A has received an order to build an AHTS vessel for a new client. The contract for construction of an anchor handling, tug and supply vessel destined to serve in harsh environment conditions was signed on 8th of May 2014. The vessel will be built for a Canadian – No
Jacka raises cash. Focuses on Nigeria and Tunisia
Jacka Resources Limited today announced the successful completion of the fully underwritten Entitlement Offer which raised $2.8 million.
Gazprom, GDF SUEZ discuss Nord Stream expansion options
A working meeting of Vitaly Markelov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee with Jean-Francois Cirelli, Vice-Chairman and Deputy Chief Executive Officer of GDF SUEZ took place today within the St. Petersburg International Economic Forum 2014. The parties discusse
Oil&Gas drilling techniques to be used on Mars?
As the search for oil & gas reserves continues, exploration and production activities are occurring in increasingly harsh environments and drilling is going deeper than ever before.