Fossil Energy
Statoil to plug and abandon well in PL 090
Statoil Petroleum AS, operator of production licence 090, is in the process of concluding drilling of wildcat well 35/11-17. The well was drilled about one kilometre south of the Fram field in the North Sea. The well’s primary exploration target was to prove petroleum in Middle Jurassic reservoir ro
TGS to start Barents Sea seismic reprocessing project
TGS announces a 2D seismic reprocessing project in the Barents Sea Southeast in preparation for the Norwegian 23rd licensing round. The underlying data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum Directorate (NPD) and covers an area of more than 18,000 km. TGS has been applying t
Tullow sells UK assets to Faroe Petroleum
Tullow Oil plc announces that its subsidiary Tullow Oil SK Limited has entered into an agreement to sell 53.1% of its Schooner unit interest (currently 93.1%) and 60% of its Ketch asset (currently owned 100%) in the UK Southern North Sea to Faroe Petroleum (U.K.) Limited. The total consideration is
BOURBON revenues increase
BOURBON announced first quarter 2014 financial results where the Company confirms its objective of 8-10% growth in revenues for 2014 with a slight increase in the EBITDAR/revenue margin. BOURBON 2014 1st quarter revenues were €320.0 million , an increase of 7.9% at constant exchange rates (2.9% at c
Aker Solutions divides into two
Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications a
Fairmount delivers Ensco 5006 rig to Singapore
Tugs Fairmount Summit and Fairmount Alpine have towed rig ENSCO 5006 safely from Cyprus to Singapore. The Fairmount twins towed the rig over about 13,000 miles. Before the departure off Limasol, Cyprus, both Fairmount tugs performed anchor handling work for the rig. On request of its owners cargo an
GDF Suez: First major piece of infrastructure sails out to Cygnus
GDF Suez E&P UK has reported that the latest milestone in the Cygnus gas field project took place as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve and WYE structures’ journey to the Cygnus site in the So
LCE and OSIsoft work on real-time asset management system for O&G industry
Life Cycle Engineering has announced a partnership with OSIsoft to offer predictive analytics and intelligent asset management solutions for the oil and gas industry. The partnership was established to develop a customized risk-based asset management system that is based on algorithmic prediction an
OTC 2014: Lankhorst Ropes to showcase mooring rope made for Eni’s FPSO
Lankhorst Ropes’ breadth and depth of experience in meeting the mooring challenges facing operators is the focus at this year’s Offshore Technology Conference 5-8 May in Houston on the WireCo WorldGroup booth, no. 1671 in the Reliant Center. Strongest Gama 98® to date The booth will feature Lankhors
Adriatic Marine acquires three OSVs
Adriatic Marine LLC has entered into a contract with C & E Boat Rental LLC to take over operations of one 220’ DP-2 and two 170’ DP-1 Offshore Supply Vessels. Adriatic Marine will also take delivery of another 220’ DP-2 OSV presently under construction for C & E Boat Rental in Bayou La Batre, Alabam
Saipem to assist in South Stream pipeline construction
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately €400 million ($552 Mln). The entire offshore South Stream project consists of four parallel g
Spike increases Barents Sea presence
Spike Exploration Holding AS has recently signed an agreement with Tullow Oil Norge AS to swap a 15% interest in licence PL494/B/C for a 15% interest in PL722. PL722 is located in the Hoop area in the Barents Sea. The prospectivity of the PL722 acreage is very attractive, especially after the nearby
VNG to drill second and third well in licence 586
The Norwegian Petroleum Directorate has granted VNG Norge AS a drilling permit for well 6406/12-3 B and A, cf. Section 8 of the Resource Management Regulations. Well 6406/12-3 B & A will be drilled from the Transocean Arctic drilling facility at position 64°01’52.37″ north and 6°45’17.46″ east after
E.ON granted permission to drill in Norwegian Sea
The Norwegian Petroleum Directorate has granted E.ON E&P Norge AS a drilling permit for well 6507/5-7, in the Norwegian Sea. Well 6507/5-7 will be drilled from the Borgland Dolphin drilling facility at position 65°32’29.71″ north and 7°34’25.68″ east. The drilling programme for well 6507/5-7 relates