Fossil Energy
Huntington, Nini fields keep Noreco’s production stable
Norwegian Energy Company (Noreco) in March 2014 produced 8 615 barrels of oil equivalents per day (boepd) on average. Net realised prices in March were USD 98.3 per barrel of oil equivalents (USD 105.7 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the first quarter 2014
Rolls-Royce design for wave piercing offshore vessel
The vessel is designed to pierce through the waves under harsh weather conditions, making it possible to keep a more constant speed, reduce the use of fuel and increase on board safety.
Technip, Sevan Marine agree Kanfa transaction
Sevan Marine ASA has on April 3 entered into an agreement with Technip Norge AS (“Technip”), a wholly owned subsidiary of Technip S.A, regarding the sale of 49.0% of the shareholding in KANFA AS (“KANFA”). The parties have agreed not to disclose the purchase price at this point in time. Upon complet
AGR Enhanced Drilling changes name
Offshore technology provider AGR Enhanced Drilling has announced it is changing its name as of tomorrow, April 4, to Enhanced Drilling. The move comes after last year’s legal demerger from AGR Group. At that time, the website enhanced-drilling.com was established with its focus on the solutions and
Odfjell Drilling invests in Robotic Drilling Systems
Through an agreement with current shareholders, Odfjell Drilling becomes the major shareholder in Robotic Drilling Systems AS (RDS). RDS has developed a system which has the potential to become the next generation drill-floor technology representing a huge potential to improve safety and efficiency
McDermott sells Harbor Island fabrication yard
McDermott International, Inc. announced today that one of its subsidiaries has sold the site of the former Harbor Island fabrication yard near Corpus Christi, Texas, which closed in 2003, for proceeds of $31.7 million. A gain of $25 million from the sale is expected to be recognized in the second qu
PTTEP acquires offshore acreage in Brazil
Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, disclosed that on April 3, 2014, the company signed a Farm-in/Farm-out Agreement with BG Group. The deal is for 4 predominantly deep water blocks with 25% participation interest. This is PTTEP’s fi
ConocoPhillips preparing to install BOP at Poseidon (Australia)
Karoon Gas Australia has informed that at 0600 WST on 4 April 2014, the hole at the Poseidon-1 well, offshore W. Australia, was at a depth of 2,459 metres and preparations were being made to install the BOP and riser prior to drilling ahead in the 12‐1/4” hole section. Since spudding on 19 [&helli
Ophir, WHL Energy Seychelles Farm-In to receive approval
Australian energy company WHL Energy Limited has received notice that regulatory approvals will be granted for the previously reported farm-out agreement with Ophir Energy pic (“Ophir”). Under the agreement Ophir is farming-in to earn a 75% interest in WHL Energy’s offshore Seychelles petroleum expl
Solstad takes over as president of Norwegian Shipowners Association
On Monday March 31st, Lars Peder Solstad was elected new president of the Norwegian Shipowners Association (NSA). He takes over the position from Trond Kleivdal. “Norway has one of the world’s largest and most advanced fleets. The maritime industry creates jobs across the country and contributes 160
MOCE2014 reflects the popularity of the maritime and offshore industry
Yesterday, 2 April, the eighth edition of the Navingo Maritime & Offshore Career Event (MOCE) took place at the Beurs-WTC building in Rotterdam. The event, aimed at career within the maritime and offshore industry, welcomed 4449 visitors. The 131 exhibitors spoke highly of the event itself as well a
KTR-WG wins Kashagan oil field contract (Kazakhstan)
KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture will support the critical rotating equipment on the Kashaga
Anadarko enters $5B Kerr-McGee settlement deal
Anadarko Petroleum Corporation has entered into an agreement with the plaintiffs (the “Litigation Trust”) in the Tronox Adversary Proceeding to resolve all claims against Kerr-McGee Corporation and certain of its subsidiaries and affiliates (collectively “Kerr-McGee“), which stemmed from alleged act
ConocoPhillips working to reduce deepwater exploration cost
ChonocoPhillips’ Chief Technology Officer Ram Shenoy shares his vision of the future. What does a chief technology officer at an E&P company do? My responsibilities cover all aspects of developing and incorporating technology and innovation into ConocoPhillips’ businesses, including defining and r