Fossil Energy
LR Senergy calls for solutions to drilling challenges
The CEO of global leading energy services company LR Senergy, James McCallum has issued a stark warning that oil and gas productivity will drop if the drilling sector doesn’t unite and take urgent action to tackle the drilling skills shortage and focus on excellence in well delivery processes. Speak
Naga 3 jack-up rig towed to PV Marine Shipyard
Tug Fairmount Expedition has towed jack-up rig Naga 3 safely from Labuan, Malaysia, to the PV Marine Shipyard in Vung Tau, Vietnam. The Fairmount Expedition was mobilized from Singapore for this 575 miles voyage. During the voyage the Fairmount Expedition only made use of two of her four main engine
Ampelmann expands to Singapore
Offshore specialist company Ampelmann from Delft in The Netherlands opens its first office abroad in Singapore. Ampelmann rents out high-tech systems to enable safe transfer between vessels and offshore structures and has been working across the globe since its founding in 2008. At this moment the r
ExxonMobil shows strong performance in Upstream
ExxonMobil, world’s largest publicly traded international oil and gas company, has announced its quarterly results. ExxonMobil Chairman Rex W. Tillerson commented: “ExxonMobil’s first quarter earnings and cash flow reflect the company’s continuing focus on delivering profitable growth and creating l
TTS Group works on reducing costs in Norway and Germany
TTS Group has decided to implement measures to reduce costs in Norway and Germany. Due to a weaker market than expected in the offshore and heavy lift sector, the Group will, during the first half of 2014, implement a workforce reduction of approx. 10% of the total workforce in the group. Today the
Ocean Installer wins subsea installation job in GoM
Ocean Installer has been awarded a subsea installation job in the Gulf of Mexico with one of the world’s leading international oil and gas companies on its largest deepwater producing field which sits in over 1800m water depth. This is Ocean Installer’s first SURF contract in the GoM and marks a mil
NPD to map unexplored acreage subsurface in Norwegian Sea
This summer, the Norwegian Petroleum Directorate (NPD) will map the subsurface on the Mørerand High and Gjallar Ridge South in the Norwegian Sea, which is in the western part of the continental shelf. The objective is to acquire knowledge about unexplored acreage. The so-called shallow drilling will
ShawCor reports increased revenues in 1Q
ShawCor Ltd has announced first quarter revenue of $479.1 million increased by $24.4 million, or 5%, from $454.7 million reported in the first quarter a year ago. Revenue also increased by 17% from the $409.8 million reported in the fourth quarter of 2013. EBITDA in the first quarter of 2014 was $10
Offshore structures expert enters FoundOcean’s team
Offshore structures expert Naval Sondhi recently joined FoundOcean to lead its SMR design services division. Jim Bell, FoundOcean Managing Director said, “Naval’s 30 years’ detailed knowledge of the design and analysis of strengthening, modification and repair systems for jackets marries perfectly w
Caterpillar presents new offshore generator at 2014 OTC Houston
Caterpillar Oil & Gas will introduce a new platform to the Cat® C175-16 offshore generator set at 2014 OTC Houston exhibition. This new platform offers a 50 Hz power rating for offshore drilling and production applications. The Cat C175-16 offshore generator set has become the preferred power source
Lundin Petroleum: Johan Sverdrup appraisal well hits oil
Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, announces that the Johan Sverdrup appraisal well 16/2-19 found 6 metres of good quality oil filled sandstone of lower Jurassic/upper Triassic age in the Geitungen area in the north eastern part of the Johan Sverdrup discovery
Statoil discovers oil in Drivis prospect, Barents Sea
Operator Statoil has together with PL532 partners made an oil and gas discovery in the Drivis prospect in the Barents Sea. This concludes the 2013/2014 exploration programme around the Johan Castberg field. Well 7220/7-3 S, drilled by the rig West Hercules, has proven a 68 metre gross gas column in
‘Ceona Amazon’ en route to Lloyd Werft for outfitting
Ceona announced that its fully-owned pipelay and heavy subsea construction vessel – the Ceona Amazon – has successfully floated at Crist yard in Poland on 25 April. The vessel is currently being towed to the Lloyd Werft yard in Bremerhaven (Germany) for extensive outfitting. The flooding of the larg
EMGS receives pre-funding for US GoM survey
EMGS has received additional pre-funding for the ongoing Daybreak 3D multi-client electromagnetic survey in the Alaminos Canyon protraction of the US Gulf of Mexico. The survey started on 22 February and is expected to be completed mid-June with integrated data delivery starting in June. The survey