Fossil Energy
BOEM reviews impacts of seismic surveys off Atlantic coast
The Bureau of Ocean Energy Management (BOEM) published a final environmental review of geological and geophysical (G&G) survey activities off the Mid- and South Atlantic coast that establishes multiple mitigation measures designed to minimize the impacts to marine life while setting a path forward f
Tullow to drill N. Sea well using Borgland Dolphin rig
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Tullow Oil Norge for the well 31/2-21 S, located in the Norwegian part of the North Sea. The well 31/2-21 S will be drilled from the Borgland Dolphin semi submersible drilling rig, following completion of the drilling of wildc
CIMC Raffles begins construction of Frigstad Deepwater rig
China’s rig builder CIMC Raffles has started construction of a second seven-generation ultra-deepwater submersible drilling rig for Frigstad Deepwater. The steel cutting ceremony was held this morning in the company’s Haiyang production base. Harald Frigstad, the President of Frigstad and Yu Ya, P
ExxonMobil awards Hebron subsea job to Subsea 7
Subsea 7 S.A. today announced the award of a US$75 million three-year subsea construction services contract by ExxonMobil Canada Properties. The contract supports the Hebron heavy oil field development, located in the Jeanne d’Arc Basin 350 kilometres southeast of St. John’s, Canada. The contract sc
L-3 SAM Electronics to supply equipment for ‘Ceona Amazon’
L-3 SAM Electronics has been awarded a major contract to provide complete electrical packages, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for Ceona Amazon, the 199-meter offshore construction and pipelaying vessel to be delivered this com
Out of service rig impacts Rowan’s 4Q
In Q4 Rowan Companies plc generated net income from continuing operations of $49.7 million, or $0.40 per share, compared to $70.5 million, or $0.57 per share in the fourth quarter of 2012. The current quarter reflects a non cash impairment charge on a property held for sale which reduced net income
Every fourth vessel on Brazilian Continental Shelf owned by Norwegians
The Minister of Foreign Affairs of Norway, Børge Brende, met with the Norwegian business community in Rio de Janeiro on the occasion of his visit to Brazil, on 19th February 2014. Børge Brende stated that he was content to visit the country once again and meet with the Norwegian business community,
Lukoil receives $200M Loan for Shah Deniz development
The European Bank for Reconstruction and Development (EBRD) is continuing to invest in projects that will strengthen the security of energy supply in its region of operations. The EBRD is extending a senior loan of US$ 200 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of LUKOI
Maersk Oil profit hurt by low oil prices and output
Danish oil company Maersk Oil reported a 58 per cent drop in its full year net profit for 2013. Last year, the company earned $1 billion, compared to $2.4 billion earned in 2012. The company said that the profit was negatively affected by lower average entitlement production of 235,000 boepd (257,00
DOF makes $21M in Q4 2013
DOF Group ASA, company that provides offshore support vessels to the international oil and gas industry Group operating income for Q4 totalled $434,4 million ($340,2 million in 4Q 2012 ). Operating profit before depreciation (EBITDA) was $137 million ($114,2 million Q4 2012). Net profit was $20,96 m
TAQA worker dies at Harding platform
TAQA has informed that one worker died in an accident aboard its Harding platform in the UK sector of the North Sea early this morning. The TAQA employee fell overboard during a maintenance activity on the platform. He was recovered from the sea by a support vessel and transferred to Gilbert Bain Ho
New DNV GL headquarters in Singapore
DNV GL, the world’s leading ship classification society and one of the world’s leading risk and sustainability service providers with more than 500 employees in Singapore, moves its operations in the new headquarters to meet the growing services demand in the region. The new headquarters was officia
Maersk Drilling reports rise in profit. Expects slowdown in 2014
Danish offshore drilling contractor Maersk Drilling made a profit of $528M in 2013, up from $347M. The result was driven by full utilisation of all rigs and impacted positively by higher operational uptime and higher day rates. During 2013 Maersk Drilling entered into several new major contracts and
New Super Puma helicopters to serve Angola’s oil and gas sector
Milestone Aviation Group, a helicopter leasing company, and SonAir, the largest African helicopter operator and a subsidiary of the Angolan national oil company Sonangol, announced that three of Milestone’s record order for 30 of Airbus Helicopters’ EC225s will begin performing airlift duties for An