Fossil Energy
Oil & Gas UK: There is an undeniable skills shortage within the industry
Oil & Gas UK has issued a response to the reports that the oil and gas sector could create up to 39,000 jobs in the UK over the next two years, according to new research released today by the Bank of Scotland. Dr Alix Thom, Oil & Gas UK’s employment and skills issues manager, says […]
Rosneft to begin aerial gravity-magnetic survey in Eastern Arctic
Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Ole
ExxonMobil donates $9.7 M to education
ExxonMobil and its employees are donating $9.7 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Program. The program matches donor pledges 3:1 up to $7,500 to qualified colleges and universities in the United States, along wi
Subsea 7 extends option for Skandi Seven
Subsea 7 has exercised the final extension option on the vessel Skandi Seven. Subsea 7 has exercised the final extension option on the vessel Skandi Seven, and the vessel is firm from April 2015 until end March 2017. Skandi Seven is designed as a vessel for world wide operations. Skandi Seven is a c
Atea wins three year contract with Statoil
Atea AS signs an agreement with Statoil to deliver network products and support to Statoil worldwide. The agreement is valid for 3 years with an option for 2 more years. Estimated annual contract value is NOK 50 million ($8.34 M). The agreement includes delivery of network products, both hardware an
Havyard-designed PSV hull all set for outfitting
Extensive research is behind Havyard`s PSV WE (Wave Edition) design. The first hull of this characteristic design arrived to Havyard`s shipyard in Leirvik this week for further outfitting. After four weeks towing from Turkey, Havyard`s newbuild 120 «Polarsyssel», arrived to the shipyard in Leirvik t
Europe’s energy policy needs to change, says Statoil VP
There is a pressing need to change Europe’s energy policy framework to make it more predictable and market oriented. This was a key message conveyed by Statoil natural gas senior vice president Rune Bjørnson at a conference in Brussels earlier this week. Statoil is the second-largest supplier of gas
Big job boom expected in North Sea. SNP throws Scottish independence card
The SNP, a social democratic political party committed to Scottish independence, today welcomed an extensive survey of companies in the North Sea oil and gas sector expecting to create up to 39,000 jobs over the next two years. The survey commissioned by the Bank of Scotland, found expectations of e
Kvaerner completes Edvard Grieg jacket
Norwegian fabrication company Kvaerner on Wednesday celebrated the completion of the jacket, which is a part of Lundin Petroleum-operated Edvard Grieg project, at its yard in Verdal. Following the tradition the jacket got a symbolic name based on historical Norwegian culture. According to Kvaerner’s
Noreco’s Director calls it quits
Norwegian Energy Company has announced that the Director David Gair has given notice of his resignation from the Board of Directors of Noreco for personal reasons, effective 25 April 2014. David Gair was a Director independent of the largest shareholders. In consultation with the company’s Nominatio
3sun Group completes full life cycle project for North Sea player
3sun Group, a specialist provider of products and services to the global energy industry, has successfully completed a full life cycle project for a North Sea oil and gas exploration and production company, worth more than £1million. The client’s topside system posed a significant challenge as the a
Opus Offshore orders two more drillships in China
Singapore’s soon-to-be drilling contractor Opus Offshore has ordered two new drillships from China’s Shanghai Shipyard.
‘Tor Viking’ charter contract cancelled
Sweden’s Viking Supply Ships A/S (VSS) announces that the charter agreement for “Tor Viking” has been cancelled. The charter agreement was for the 2014 and 2015 seasons in sub-Arctic waters with options for 2016 and 2017. The duration of each season is approximately 7 months including mobilization a
Siemens’ technology for South Stream pipeline
South Stream Transport contracted Siemens AG to provide electrical and instrumentation systems for the South Stream Offshore Pipeline. The German company will deliver telecommunication equipment and local control systems for the Russian and Bulgarian landfall as well as the Central Control Room and