Fossil Energy
Statoil: Offshore upgrades to unlock 180 million barrels of oil
The upgrading of the Oseberg B drilling facilities in the Norwegian North Sea has been completed, and drilling from the new plant starts in June, Norwegian oil company Statoil today announced. Statoil is upgrading the drilling facilities on several installations in order to increase the fields’ valu
Ferguson teams up with New World Logistics (Vietnam)
Ferguson Group is expanding its reach in South East Asia, forming a new partnership in Vietnam with local company New World Logistics JSC, operating out of bases in Vung Tau, Ho Chi Minh, Nha Trang, Haiphong and Hanoi. Vietnam, which is estimated to have the second highest level of oil reserves in t
Total to relinquish Barents Sea block
French oil major Total will divest the PL 535 production licence following poor drilling results, a partner in the block said today. According to North Energy, which owns a stake in the licence, PL 535 (Norvarg) is set to be relinquished after results from and analyses of the appraisal well failed t
Dolphin Geo profit drops despite revenue growth
Dolphin Geophysical AS, Norwegian supplier of marine geophysical services, has reported net income of $6.2 million for the Q1 2014, compared to $8 million in Q1 2013. Dolphin Geo’s revenues for Q1 2014 were USD 80.2 million, compared to USD 69.1 million in Q1 2013. Recorded EBITDA was USD 22.7 milli
TWMA wins drill cuttings management job offshore Abu Dhabi
TWMA, the global provider of oil and gas waste management solutions, announces a significant contract win for Abu Dhabi Marine Operating Company, ADMA-OPCO, to carry out work in three of Abu Dhabi’s offshore fields. Due to begin this quarter, the contract will see TWMA provide specialist drill cutti
UK: Offshore workforce up by 8.6%
Statistics in the 2014 UK Offshore Workforce Demographics Report published by Oil & Gas UK yesterday reveal the total number of people travelling offshore has increased by 8.6 per cent compared to 2012, with offshore workers in the 24-29 age group recording the highest percentage growth at almost 14
Ceragon: New competence center for Oil and Gas in Norway
Ceragon Networks Ltd., wireless hauling specialist, has opened its new competence center in Bergen, Norway, which will be committed to boosting the company’s operations serving the Oil and Gas market. The center will spearhead Ceragon’s research, sales, support and strategic efforts to the market, a
BSEE to support Energy Institute High School in Houston
Bureau of Safety and Environmental Enforcement Director Brian Salerno met with faculty and staff at the Energy Institute High School in Houston. Energy Institute is the first high school in the nation focused on preparing students for careers in the energy field. While at the Energy Institute, Direc
Vietnam: Factories set on fire in response to China’s offshore rig deployment
China’s deployment of an oil rig in disputed waters of the South China Sea has driven protests in Vietnam in which several foreign factories have been set on fire by protesters. According to Vietnamese media reports, thousands of workers in the country’s southern parts are staging violent anti-China
ConocoPhillips sets goal to deliver bigger return to stockholders
ConocoPhillips held its Annual Meeting of Stockholders where it reaffirmed its goal to deliver double-digit annual returns to shareholders and elected Charles E. “Chuck” Bunch to serve on the ConocoPhillips board of directors.
Boskalis reports higher revenues
Royal Boskalis Westminster N.V. has released an update on its 2014 developments. Boskalis said it realized a higher revenue in the first quarter of 2014 compared to the same period in 2013. Adjusted for the acquisition of Dockwise, which was only included in the consolidated figures from the second
HB Rentals’ offshore service modules achieve new industry standard
Offshore accommodation and workspace specialists, HB Rentals, has become one of the first companies in the UK to achieve a newly revised industry standard for certification of offshore equipment.
OBL to buy 25% interest in Vic/P47 from SER (Australia)
Oil Basins Limited (OBL) has acquired a share in a block located in southeast Australia’s Bass Strait. OBL has executed formal agreements with Strategic Energy Resources Ltd (SER) whereby the Company acquires SER’s 25% interest in Vic/P47, including the Moby Gas Field Location. OBL has nominated t
Nova Scotia allocates $12M for offshore geoscience research
Nova Scotia yesterday welcomed BP Exploration Canada’s fleet of 10 exploration vessels to kick off one of the largest seismic programs in the world.