Fossil Energy
Tri Tool opens facility to serve O&G industry in Gulf region
Tri Tool Incorporated has announced that they will be opening a new 15,000 square foot office and warehouse location to better serve the Offshore and Onshore Pipeline Oil & Gas industries in the Gulf Region. On May 7th, Tri Tool will be hosting a grand opening event inviting Offshore Technology Conf
Gastech 2014 focuses on offshore and subsea technology
The easy days of oil and gas production appear to be over as companies must find new energy resources in deep water or the Arctic regions where harsh climatic conditions create the ultimate challenge. Global gas industry leaders will share their knowledge and expertise on the many challenges present
Ceona secures $290M loan to pay for new build projects
USD$290 million secured debt facility to finance its two new build projects, the Ceona Amazon vessel and the Polar Onyx Vertical Pipelay System (VLS), along with performance bonds to further support the company’s growth initiatives. The new debt facility will be used for the completion of the Ceona
CB&I scores $625M Wheatstone project gig
CB&I today announced it has been awarded a contract by Bechtel valued in excess of $625 million (approximately A$690 million) to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashb
Tullow’s Force Majeure in Guinea unwarranted, Hyperdynamics says
Hyperdynamics Corporation announced today that it has communicated to the Government of Guinea and Tullow its response to Tullow’s assertion without advance notification or discussion of force majeure and suspension of plans to start drilling of an exploratory well offshore Guinea. “Hyperdynamics be
Statoil gets consent for well intervention at Tune
Statoil Petroleum AS has received consent to use the Island Frontier well intervention vessel at Tune field, in the Norwegian part of the North Sea. In addition to the fields which were included in previous consents, a need has arisen for well intervention work at Tune. In response to an application
Nexen extends GSF Galaxy III contract
International drilling contractor Transocean has received a contract extension for its GSF Galaxy III jack-up rig.
Jaccar preparing Bourbon takeover offer
Jaccar Holdings is looking to take over all of Bourbon shares, the French provider of offshore support vessel for the international oil and gas industry has informed. “BOURBON has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main sh
DNV GL’s JIP works on developing offshore leak detection systems
Leak detection is a considerable challenge facing the industry and DNV GL has therefore taken the lead in establishing a new Joint Industry Project. Twenty key industry players are partnering to develop a best practice for designing and implementing offshore leak detection systems. Over the last few
Qatar Petroleum hosts oil spill response demonstration for primary students
Qatar Petroleum’s Offshore Operations Manager Mubarak A. Al-Hajri has welcomed students and teachers from Doha College Primary School who attended the oil spill response demonstration conducted by QP’s Oil Spill & Emergency Response Department. The demonstration, which was held at QP’s Ras Abu Aboud
Decom North Sea hosts lunch and learn event
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, is hosting a lunch and learn event to give supply chain companies the opportunity to present their offshore decommissioning capabilities and encourage knowledge share among members. It takes place on Wednesday, March 19, at the D
Mediterranean Oil & Gas Plc sells gas Repower Italia
Mediterranean Oil & Gas Plc has announced that its subsidiary Medoilgas Italia SpA has signed a ‘take and pay’ gas sales contract with Repower Italia SpA relating to the Company’s entire net gas production from the Guendalina gas field and all of its onshore Italy gas fields for a further period of
Pacific Radiance exercises options for two new PSVs
In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. The contract included options for two more vessels, and the options are now declared. “The contract wi
Socar worker dies in Caspian Sea
Azerbaijani oil company SOCAR has informed that one of its workers died in an incident at the Oil Rocks field, in the Azerbaijani sector of the Caspian Sea. The company said that the incident occurred around 3 p.m. on March 15 during the repair works, when four workers fell into the sea. Three were