Fossil Energy
National Oilwell Varco BoD approves distribution business spin-off
National Oilwell Varco, Inc. has announced that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc. and will be headquartered in Houston. The separation will be completed by way of a pro rata distribution of a
Ulstein to build ‘CASCO Enabler’ accommodation vessel
Ulstein Sea of Solutions (USOS) has been awarded the design contract for the CASCO Enabler, a high specification DP3 800 POB monohull accommodation vessel by CASCO Offshore, a specialised accommodation subsidiary of the TMA Group. With this contract Ulstein enters into a new offshore market segment.
Eaton’s Thermoplastic Hoses increase safety for subsea O&G works
Power management company Eaton today announced the Synflex® 3395-32 and 3394-32 Thermoplastic Hoses, designed specifically to help increase uptime, safety and reliability for subsea oil and gas applications. The new high pressure hoses are a market exclusive for 2-inch hoses reinforced with Kevlar®
Atlantic Petroleum reports April production is lower than in March
Atlantic Petroleum has announced that during the month of April, Atlantic Petroleum produced a net total of 53,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,767 boe per day net. Production was lower than in March due to minor
Statoil to use Transocean Spitsbergen on Apollo well
Statoil has received consent to carry out exploration drilling of well 7324/2-1 Apollo in production licence 615 in the Barents Sea using the Transocean Spitsbergen mobile drilling rig. Water depth at the site is approx. 430 metres. Drilling is planned to begin in May 2014, with a duration of around
SURF IM Network to meet during OTC week
The first meeting of a new knowledge sharing forum on the topic of subsea integrity management practice will take place in Houston during OTC week. The SURF IM Network is being led by Wood Group Kenny with support from the Industry Technology Facilitator (ITF) and 13 operating companies, including m
AWE installs production liner in Pateke 4-H well
AWE Limited has reported that as at 11:00 hours (11.00am NZDT) today the Pateke-4H development well has been drilled to a revised measured total depth of 4,772m, including a 749m horizontal section through the reservoir, and installation of a 6 5/8 inch slotted production liner has been completed. T
Expro reaches USD 2 bln order book on 40th anniversary
Expro has announced a $2 billion order book celebrating the end of its 40th year. This milestone was achieved at the end of Expro’s 40th anniversary year, thanks to a number of contract wins, including almost $500 million in the last quarter alone. Expro attributes this success due to its market-lea
Siem Offshore reports increase of vessel revenues in Q1
Siem Offshore Inc has announced results for the first quarter of 2014. Results and Finance – First quarter 2014 operating revenue of USD 94.4 million and operating margin of USD 36.9 million (39%), an increase from USD 79.8 million and USD 19.1 million (24%) in first quarter 2013. – Revenues for Pla
Kleven’s profit at NOK 172 mln
The Kleven group delivered a strong financial performance in 2013, with an operating profit of NOK 172 million (USD 28,9 million). ‘An operating profit of NOK 172 million is a solid result in the current market situation,’ said Ståle Rasmussen, CEO of Kleven. Turnover in 2013 was NOK 4.2 billion, a
Wood Group provides SWRP with engineering support
Wood Group has delivered engineering support to the Subsea Well Response Project, a joint industry project to further improve the prevention of, and response to, subsea well-control incidents. Contracted by Shell, on behalf of the SWRP team, Wood Group Kenny led the way and drew on the expertise of
Huntington works influence Noreco’s April production
Norwegian Energy Company (Noreco) in April 2014 produced 5 246 barrels of oil equivalents per day (boepd) on average. Net realised price in April was USD 99.7 per barrel of oil equivalents (USD 110.3 per barrel of oil) after adjustments for inventory, NGL and gas prices. Production from the Huntingt
Nido mobilises its jack-up rig ‘UMW Naga 5’
Nido Petroleum Limited on behalf of the Service Contract 63 Joint Venture partners Nido Petroleum Philippines Pty Ltd, PNOC-Exploration Corporation and Dragon Oil Plc, has announced that the “UMW Naga 5” jack-up rig started mobilisation from Singapore to the Baragatan location in SC 63, offshore, th
EMGS to acquire 3D EM data in North Sea
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from North Energy ASA worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the North Sea. The survey is expected to commence early May, using the vessel BOA Thalassa. BOA Thalassa is a 3D EM vessel with a capacity