Fossil Energy
OMV expands into Namibian waters
OMV is taking the next step to expand its exploration business in Sub-Saharan Africa by entering an offshore exploration project in Namibia. This is the third major milestone to build up a significant exploration position in the region after acquiring interests in Madagascar and Gabon in 2013. OMV C
Statoil divests part of interest in Block 39 offshore Angola
Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited (“WRG”) in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. “This is part of Statoil’s active
NPD: Norwegian shelf still holds significant resources
The Norwegian Petroleum Directorate (NPD) believes that oil reserves could grow by 1200 million standard cubic metres (Sm 3 ) over the next ten years. The new target was launched when the NPD presented its resource report on 3 April. The report provides an overview of the resources in fields and dis
Det norske awards well management deal to Ross Offshore
Ross Offshore AS today announces a contract award with Det norske oljeselskap ASA (Det norske). The contract is for seven years, with three year’s firm, and two plus two years optional. The contract consists of planning and implementation work, including total well management, as part of Det norske’
Bøyla field step closer to first oil (Norway)
The development of the Bøyla Field (PL 340) located close to the Alvheim Area in the North Sea, has passed an important milestone towards first oil.
SOCO gets new CFO
SOCO announces that Anya Weaving will join the Company as Chief Financial Officer with effect from 1 May 2014. Weaving joins SOCO from Bank of America Merrill Lynch where she was a Managing Director in Mergers and Acquisitions (“M&A”) with responsibility for the oil and gas sector. Weaving has been
Marine Contracting scores Jasmine FPSO contract (Thailand)
Singapore’s Marine Contracting Pte Ltd has been awarded a contract to replace mooring and flexible riser systems on the “FPF-003” FPSO, located at the Jasmine Field offshore Thailand. The contract has been awarded by Petrofac, and, according to a press release issued by Marine Contracting, the offsh
BSEE funds oil spill response research in drift ice conditions
The Bureau of Safety and Environmental Enforcement (BSEE) has announced that it is investing up to $600,000 for targeted oil spill response research in drift ice conditions. In a Broad Agency Announcement (BAA) released on the federal government’s business opportunities website, the bureau called fo
ABB nets $175M Zirku Island Job (UAE)
ABB, the Swiss-based power and automation technology group, has been awarded a $175 million contract to upgrade the power generation capacity at Zirku oil and gas processing facilities in the Gulf. The order, which covers engineering, procurement and construction (EPC), was awarded by Zakum Developm
Cyprus: Poseidon subsea cable system goes live
Radius Oceanic Communications, Inc., and Cyta have announced testing and commissioning are complete on the Poseidon submarine cable system, a fiber optic network built to serve the oil and gas and scientific markets in the Eastern Mediterranean. Radius and its regional telecom partner, Cyta have als
InterMoor expands its management team
InterMoor announces the appointment of Duncan Cuthill to the role of General Manager of InterMoor Marine Services Ltd. Cuthill will report directly to Alan Duncan, MD of InterMoor Ltd. and will be responsible for the InterMoor Marine Services Business in the UK and Mediterranean regions. Cuthill hol
Hitachi equipment for Petrobras’ FPSO
Hitachi, Ltd. has delivered six sets of centrifugal compressors for a Floating Production, Storage, and Offloading system (FPSO) for Brazil’s oil company Petrobras. Hitachi received an order from Modec and Toyo Offshore Production Systems (“MTOPS“) for these compressors in January 2013. This is the
Swire Pacific Offshore expands fleet with ‘Pacific Leader’ PSV
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of its first L-Class vessel, Pacific Leader in Japan on Friday, 28 March 2014. The naming ceremony of Pacific Leader was held 10.30 am at Maizuru Shipyard, Japan Marine United Corporation (JMU), Japan. Th
Victory Park Capital buys Surefire Industries
Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, and Surefire Industries USA, LLC announced today that VPC has acquired substantially all of the assets of Surefire Industries USA. Based in Houston, Texas, the company is a leading manufacturer