Fossil Energy
OTC 2014: Trelleborg to present thermal insulation material portfolio
To cater for industry demands, Trelleborg’s offshore operation has consolidated its range of high performance thermal insulation materials, to house them all under one brand – Vikotherm™. The company will present its newest portfolio at the Offshore Technology Conference, in Houston. “As subsea envi
First oil flows at Dana Petroleum’s Western Isles Project
Dana Petroleum has reported that the first production well has now been successfully completed and flow tested and a further three wells have been drilled and cased to surface casing depth in the Western Isles Development Project. All four subsea christmas trees have also been installed on the seabe
McDermott’s derrick barge gets heavy-lift work offshore Indonesia
McDermott International, Inc. has announced that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. “Response time to fast-track work is just one of the key elements to a successful project outcome,” said Hugh Cuthbertson,
Total CEO says Q1 results are lower than last year
Total has announced the results for the first quarter of 2014. Commenting on the results, Chairman and CEO, Christophe de Margerie said: “The Group reported adjusted net income of $3.3 billion for the first quarter, solid results albeit slightly lower than last year. The impact of sharply lower Euro
UK Continental Shelf activities to decrease during next year
Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at ‘a steady low’ for at least the next year, suggests a new report from business advisory firm Deloitte. Poor weather and high costs have already had an impact on the amount of exploration and appraisal (E&A) work conducted b
COSL enhances operational efficiency. Revenue up
China Oilfield Services Limited (“COSL”) announced its unaudited results for the three months ended 31 March 2014. During the first quarter of 2014, the Group ramped up its operational capacity which significantly enhanced its operational efficiency. On drilling services, COSLGift, a newly purchased
UK O&G Industry Safety Awards winners presented
The winners of the UK Oil and Gas Industry Safety Awards were confirmed on Wednesday 30 April in an awards ceremony held at Aberdeen Exhibition and Conference Centre. The event, sponsored by Maersk Oil UK, recognises and honours the companies and people who embody the spirit of safety and innovation
Houston O&G photographer exhibits “The Offshore World” during OTC 2014
A photographer from Houston, Mieko Mahi, will exhibit “The Offshore World” at Silver Street Studios, in Houston, on two days, Sunday, May 4 and Thursday, May 8. “The Offshore World” exhibit features dynamic views of the different equipment and technology used to explore and produce oil and gas in th
FAR and Svenska postpone drilling offshore Guinea Bissau
FAR Limited and Svenska Petroleum Exploration, a Joint Venture partners, have reported that in response to the ongoing elections in Guinea Bissau, the Joint Venture has postponed plans to drill the first well until March 2015. FAR and its Joint Venture partner Svenska Petroleum Exploration AB have a
Rosneft production increases
Rosneft, a leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company, reports the following performance in Q1 2014: daily hydrocarbons production exceeds 5mm boe, EBITDA reaches RUB 289 bn, net debt goes down by RUB 207 bn. In Q1 2014, crude oil and liquids prod
MacArtney upgrades MMT’s FOCUS-2 systems
MacArtney has performed a major upgrade of two FOCUS-2 ROTV systems belonging to Swedish marine survey contractor and specialist, MMT. Both vehicles have been fitted with new state-of-the-art equipment to carry out geophysical survey missions for clients within oil, gas and renewable energy industri
Drydocks World completes ‘Al Ittihad’ rig repairs
Drydocks World the leading international service provider to the marine and maritime sectors including to the oil & gas and energy industry, today announced the completion of major repair and refurbishment of National Drilling Company’s (NDC) jack-up drilling rig Al Ittihad. The company has successf
AGR expands RM UK team
AGR’s Reservoir Management UK division (RM UK) is gearing up for a busy year ahead and has grown its sub-surface department with the addition of Steve Adams, Principal Geologist. Steve, who will be based in AGR’s Aberdeen office, has over 30 years’ experience in the oil and gas industry, with a stro
FMC Technologies honoured with two OTC awards
FMC Technologies, Inc. announced today that it will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of two Spotlight on New Technology Awards. The awards, which honor innovative technologies that significantly impact offshore exploration and production, are