Fossil Energy
GDF Suez drills duster in Barents Sea
GDF SUEZ E&P Norge AS, operator of production licence 607, has concluded drilling of wildcat well 7218/8-1 in the Barents Sea. The well was drilled about 65 kilometres southwest of the oil and gas discovery 7220/8-1 Johan Castberg and 130 km northwest of the Snøhvit field in the Barents Sea. The w
AGR, OMV sign well management contract
AGR has entered into a new Well Management Services Contract with OMV (Norge). The contract also covers delivery of other Drilling and Well Engineering services for complete well construction. The Contract is for three years with the option of two further years. AGR has previously worked with OMV on
Kongsberg signs credit facility with five banks
Kongsberg Gruppen ASA has signed a new NOK 1,500 million ($ 252 million) revolving credit facility with a syndicate of five banks. The facility has a tenor of five years, plus two one-year extension options. The new facility is for general corporate purposes, and replaces the NOK 1,000 million revol
COSL acquires new Platform Supply Vessel
China Oilfield Services Limited has taken delivery of the newly purchased platform supply vessel – HYSY613. Equipped with a main-turbine power output of 6,000 horsepower, as well as a DP2 dynamic positioning capability, HYSY613 also has an overall length of 75 meters and gross tonnage of 3,300 tonne
Successful drill stem test in Norwegian Sea for VNG
Faroe Petroleum has announced a successful Drill Stem Test on the 6406/12-3S Pil exploration well (Faroe 25%), drilled 33 kilometres from the Njord production facility (Faroe 7.5%) in the Norwegian Sea. Highlights: – The well flowed at a stable rate of 6,710 bopd of 37° API oil from a 56/64″ choke p
Parkmead increases stake in Athena oil field (UK)
Parkmead has completed the previously announced acquisition of an additional 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field, from EWE VERTRIEB GmbH (“EWE”). Through Parkmead’s acquisition of Lochard Energy Group PLC, completed in July 2013,
NFDS Offshore 2 orders AHTS vessel
NFDS Offshore 2 AS has entered into a shipbuilding contract to finalize a large anchor handling tug supply vessel (AHTS) with NorYards Fosen AS. The contract is conditional that the asset transfer agreement between Bergen Group ASA and Calexco S.a.r.l. is finalized as planned. The work will be perfo
BP’s US pipelines business receives API recognition
BP’s US pipelines business was recognized yesterday for industry-leading safety and environmental performance in 2013 by the American Petroleum Institute (API) at its annual pipeline conference. Don Porter, who leads BP’s US pipelines business, accepted API’s Occupational Safety and Environmental Pe
Aage Hempel to deliver NavCom for ADNOC’s offshore vessels
Aage Hempel, a provider of merchant marine electronic service and focused on 24/7 maritime sales & service, will deliver navigation and communication equipment included Integrated Bridge System from Kelvin Hughes with Shipyard De Hoop in Lobith. The Platform Supply Vessels (PSV) are for Abu Dhabi
McDermott installs Papa Terra platform offshore Brazil
McDermott International, Inc. has installed the P-61 Tension Leg Wellhead Platform (“TLWP”) for the PPT BV Joint Venture, consisting of Petrobras and Chevron. Once fully commissioned and operational, the project will enter the record books as the first use of dry-tree floating technology offshore Br
DECC: Scottish independence would raise energy bills
Launching the UK Government’s Energy Paper analysing the potential impact of independence on Scotland’s energy, Edward Davey MP, Secretary of State for Energy and Climate Change, made the positive case for the UK’s single energy market, showing how independence would increase people’s energy bills.
NOV appoints new, 10th Director to the Board
National Oilwell Varco has announced that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effective April 8, 2014. Clay Williams, National Oilwell Varco’s President and Chief Executive Officer, said: “I am delighted to welcome Marcela to our board. She brings e
Sevan Marine completes Kanfa transaction
Sevan Marine has announced that the previously agreed transaction of 49% of the shareholding in Kanfa to Technip was completed today. Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater
Seadrill earns $165 M selling part of SapuraKencana shares
Seadrill Limited has sold 230 million shares of SapuraKencana raising approximately $300 million in proceeds. The total economic gain realized from this sale is approximately $165 million. Following the completion of this transaction Seadrill will continue to own approximately 490 million shares, re