Fossil Energy
Antelope Oil acquires CTE Industries
Antelope Oil Tool & Manufacturing Co., LLC has acquired CTE Industries LTD. Headquartered in Edmonton, AB, CTE was founded in 2006, and is an independent manufacturer and supplier of oilfield cementation equipment. Its products include float shoes, float collars, cement plugs and centralizers for th
Eni issues clarification of CEO renumeration
Eni clarifies that the total remuneration paid to Chief Executive Officer Paolo Scaroni in 2013 amounted to €4.555 million, 29% lower than his remuneration in 2012 (€ 6.397 million). The amount of € 5.81 million noted in the hearing held at the Senate on 2 April 2014 refers to a theoretical present
Weatherford relocates from Switzerland to Ireland
Weatherford International Ltd. has announced that its Board of Directors has approved changing its place of incorporation from Switzerland to Ireland. Weatherford’s shareholders will be asked to approve the proposed change at an Extraordinary General Meeting of Shareholders expected to be held in Ju
Norway offers new blocks in Norwegian, Barents and North Sea
The Ministry of Petroleum and Energy has announced today the APA 2014, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. Application Area The predefined areas (APA boxes) have been extended with more blocks since APA 2014. The new areas include six
Lukoil: Oil potential at exploration well (Côte d’Ivoire)
LUKOIL Overseas has completed drilling its first offshore exploration well, Capitaine East-1x, at block CI-101 in the Republic of Côte d’Ivoire. The well penetrated through 140 meters of sandstone from a Turonian formation. The survey confirmed the presence of hydrocarbons, indicating the oil potent
Afren appoints Non-executive Director
Afren plc has announced the appointment of Iain McLaren as a Non-executive Director of the Company. Iain McLaren will join the Audit and Risk Committee, and eventually become its Chairman. A chartered accountant, McLaren has over forty years’ experience working in international financial markets, ac
Aquaterra to provide drilling installation services for DONG Energy
Aquaterra Energy, the offshore engineering solutions provider, has been awarded a four year frame agreement with DONG Energy to provide Drilling Installation Support Services for its Hejre development. DONG Energy is one of the leading energy groups in Northern Europe. Headquartered in Denmark and p
Saipem to standardize Intergraph’s Smart 3D
Intergraph has announced that Saipem, a leading engineering, procurement, project management and construction company, has chosen to standardize on Intergraph® SmartPlant® and SmartMarine® Enterprise engineering solutions. The agreement includes Intergraph next-generation 3D design software Smart™ 3
Leni to pay MOG’s legal costs in Malta case. Prepares an appeal
Last week the Commercial Court handed down judgment in the legal case brought by Leni Gas & Oil Plc and Leni Gas & Oil Investments Ltd (“LGO”) against MOG’s subsidiary Malta Oil Pty Limited. The judgment ruled that LGO’s case “failed at every stage”. The Board of MOG has informed that, following a h
Veripos moves to new HQ in Dyce, Aberdeen
Veripos has announced that it has moved into its new purpose-built headquarters facility in Dyce, Aberdeen. The new building incorporates a state-of-the-art network control centre, research and development laboratory, workshops, warehouse, dedicated training facilities and the operations centre for
Farstad takes delivery of ‘Far Sirius’ AHTS
Norwegian owner of offshore support vessels Farstad has expanded its fleet with a brand new anchor handler. The AHTS vessel, named Far Sirius, has today been delivered from Vard Langsten yard to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will trade the spot mark
PV Shipyard to provide hull repairs for Seadrill’s jack-up rig
Vietnam’s PV Shipyard has won a contract to provide hull repairs and yard services for Seadrill’s West Ariel jack-up rig. The rig arrived in PV Shipyard’s jetty on April 1, 2014. West Ariel jack-up rig was operating at the White Tiger Field, offshore Vietnam for Vietsovpetro JV before its arrival to
Nautronix names senior management duo
Nautronix has announced the strengthening of its senior management team. The move is due to the company’s growth within their Survey Services division and the significant opportunities available for their subsea positioning system, NASNet®. Sam Hanton, who initially joined Nautronix in 2008 and has
First contract for new series of arctic PSVs design by Wärtsilä
A new platform supply vessel (PSV) to be built for operating in arctic conditions is to be designed and powered by Wärtsilä. This is the first confirmed contract for Wärtsilä Ship Design’s new series of arctic PSVs. Wärtsilä will also supply an integrated package that includes machinery, and the ele