Fossil Energy
BG Group’s Board member retires
BG Group plc announces that Peter Backhouse will retire from the Board at the conclusion of the Company’s Annual General Meeting to be held on 15 May 2014. Commenting, BG Group’s Chairman, Andrew Gould said: “On behalf of the Board, I would like to thank Peter for his considerable contribution to BG
Otto Marine buys MV ‘Seisranger’
Seisranger AS, a company in the Forland Shipping Group, has concluded the sale of the vessel Seisranger to Otto Marine Limited on 30 April 2014. This sale will trigger a NOK 75 million redemption of the NOK 525 million Senior Secured Bond that E Forland AS has outstanding. The MV Seisranger was buil
Det norske: Johan Sverdrup development concept agreed
Det norske oljeselskap ASA announces a good first quarter 2014. The development of the Ivar Aasen field is on schedule. Fabrication of the living quarters, steel jacket and platform deck is ongoing. A development concept has been agreed for the Johan Sverdrup field. The development of the Ivar Aasen
MAC launches AHT ‘Stanford Mustang’
MAC (Mawei Shipyard) has successfully launched the Stanford Mustang, a 50m AHT with a special low air draft design, which will enable safe passage below bridges that connect offshore installations. The Stanford Mustang is a MMC 950 design and will commence a long term contract from delivery in June
Aker Solutions reports increased revenue in 1Q
Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered b
Dolphin’s ‘Polar Marquis’ wins 3D seismic contract
Dolphin Geophysical has been awarded a further 3D seismic contract for the ‘Polar Marquis’ to acquire approximately 3.000 sq km in the Black Sea with immediate mobilisation when the vessel is taken on Time Charter, in the middle of May 2014. Atle Jacobsen, CEO commented: “Dolphin is on track deliver
Shah Deniz offshore installation contract awarded
The Shah Deniz consortium announce a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz S
COSCO: Drilling Tender Barge delivered to Energy Drilling
COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of COSCO Corporation (Singapore) Limited’s 51% owned COSCO Shipyard Group Co., has delivered a Self-Erecting Drilling Tender Barge to Energy Drilling. The delivery documents were signed by the buyer and COSCO Guangdong. The tender barge has a working
Top Side Offshore Technology introduces ComPro+ Offshore Communication System
Top Side Offshore Technology has launched a new Offshore Communication System ComPro+, based on GSM technology, that bridges the gaps in communication offshore. Built on a private GSM network covering the full offshore installation, ComPro+ facilitates Communication over voice and data, Lone Worker
‘Island Commander’ continues working for ConocoPhillips
Island Offshore’s ‘Island Commander’ has been awarded a contract extension from ConocoPhillips for a period of one year. This means that the vessel will be on a firm contract until June 2015, with further options until 2018. Island Commander was delivered from Vard Brevik in 2009 and went directly o
Allseas to lay second line of South Stream Offshore Pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Shell 1Q earnings decrease to USD 4.5 billion
Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2014. The first quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $4.5 billion compared with $8.0 billion for the first quarter 2013. First quarter 2014 CCS earnings incl
MacGregor secures subsea cranes order
MacGregor, part of Cargotec, has signed contracts for four subsea cranes with subsidiaries of a Malaysian shipbuilding, shiprepair and chartering group, Coastal Contracts Bhd. MacGregor 100-tonne SWL active heave-compensated (AHC) subsea cranes will be installed on four subsea support vessels (SSV)
Fastnet concludes Foum Assaka farm-out
Fastnet Oil & Gas Plc, the E&P company focused on exploration acreage in Africa and in the Celtic Sea, announces formal completion of its farm-out of a 9.375% interest in the Foum Assaka Licence, off-shore Morocco, to SK Innovation, the energy and chemicals affiliate of SK Group, South Korea’s third