Fossil Energy
Video: IMO Oil Spill Response film
International Maritime Organisation IMO has launched its latest film at the International Oil Spill Conference 2014 (5-8 May) in the United States. This film tells the story of how IMO, a specialised agency of the United Nations, and IPIECA, an oil industry body, work together to help create resourc
Power from land for Utsira Height to delay Johan Sverdrup?
A majority in the Norwegian Energy and Environmental Committee today presented a proposal to the Storting which involves the supply of power from land to the entire Utsira Height. Power from land to all of Utsira is one of three options in the concept study for Johan Sverdrup. Statoil and partners a
South Stream offshore project progressing well
The Supervisory Board of Directors of South Stream Transport B.V. met today at the Company’s headquarters in Amsterdam. During the meeting, the four Shareholders noted that the offshore Project is on track. Dr. Henning Voscherau, Chairman of the Supervisory Board: “The progress of the Offshore Proje
Harvey Gulf sells rig towing division
Today marks two milestones at Harvey Gulf International Marine. After 59 years of towing drilling rigs, Harvey Gulf has sold its towing division. Harvey Gulf also announced a fourth generation of the Guidry family, Ashton Guidry, son of CEO Shane Guidry, has joined the company. Shane Guidry announce
Another delay for Goliat FPSO. Unit to leave Korea in 2015
The Goliat FPSO will depart the Hyundai yard in South Korea in early 2015, a decision taken at a licence meeting on Friday 16 May, Eni Norge has reported.
GAC to improve Novorossiysk base for Black Sea ops
GAC Russia is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian oil majors are gran
Kris Energy’s quarterly loss deepens
KrisEnergy Ltd., an independent upstream oil and gas company, recorded a rise in revenue for the first quarter of 2014, but its net loss increased too. Revenues in the first three months of 2014 rose 5.5% to US$21.2 million compared with the three months ended 31 March 2013 (“1Q2013”) as a result of
Babcock buys Avincis
Babcock International Group PLC, UK’s engineering support services organisation, has completed the acquisition of Avincis Mission Critical Services Topco Limited (“Avincis”).
INPEX acquires stake in offshore block in Australia
Japan’s INPEX has through its subsidiary INPEX Browse E&P Pty Ltd (INPEX Browse) been granted Release Area WA-502-P as an exploration permit following the 2013 Australian Offshore Petroleum Acreage Release
BMT Group appoints new Board member
BMT Group Ltd, an international design, engineering and risk management consultancy, has announced that Charles Packshaw has joined the Board of Directors as a non-executive Director. Packshaw has thirty years’ experience working with financial institutions in the City of London and is currently Hea
Wärtsilä bags order for Aasta Hansteen spar platform
A new spar platform being built for Statoil’s Aasta Hansteen field off the coast of Norway will feature Wärtsilä’s Inert Gas and Nitrogen Generator systems. The contract has been issued in the first quarter 2014 by Hyundai Heavy Industries (HHI) of South Korea, the yard building the platform. The Wä
Sevan Drilling takes mobilisation fee for Sevan Louisiana
Norwegian drilling contractor Sevan Drilling has received a mobilisation fee for its Sevan Louisana drilling rig.
Polarcus’ revenues down
Polarcus Limited, a UAE-based owner of seismic survey vessels announced a drop in revenue for the first quarter 2014. The company said that the effects of the challenging market conditions at the end of 2013 spilled over into the start of 2014, as the Company recorded lower revenues during the quart
JX Nippon hires Deep Producer 1 FPSO
Malaysia’s TH Heavy Engineering has received a contract from JX Nippon Oil & Gas Exploration for the Layang Development Project, located in Block SK10, offshore Sarawak, Malaysia. Under the contract, THHE will deliver and install the Deep Producer 1 FPSO at the project location, and lease the FPSO u