Fossil Energy
BCC Research: EOR market to reach $34.4B figure by 2018
The global market for enhanced oil recovery (EOR) technologies was valued at $21 billion in 2012 and was estimated at $22.6 billion for 2013.
Lime acquires 20% in PL509CS from North Energy
Lime Petroleum Norway AS has on 20 February 2014 signed an agreement with North Energy ASA to acquire a 20 per cent stake in a new licence in Norway, PL509CS. North Energy was awarded operatorship of the licence in Predefined Areas (“APA”) on 21 January 2014. The acquisition of the 20 per cent stake
BP extends Platform Drilling Services contract with Odfjell
BP has chosen to extend the present Platform Drilling Services contract in the UK for a further 4 years from December 2014, by declaring two 2-year options. This brings the contract to a renewal date in December 2018. In addition, BP has one remaining 2-year option. The value of the 4-year extension
Mermaid operations unaffected by Bangkok protests
Mermaid Maritime, a Thai-based company which provides offshore support services to the oil and gas industry, said today that its operations are unaffected by the ongoing protests in Thailand. According to Reuters, imports in Thailand fell 15.5 percent in January, the biggest drop in more than four y
Kosmos records loss of $91M in 2013
Kosmos Energy Ltd. announced financial and operating results for the fourth quarter and full year 2013. For the fourth quarter of 2013, the Company reported net income of $4 million, or$0.01 per basic and diluted share. For the full year 2013, the Company generated a net loss of $91 million or $0.24
Hyundai Heavy orders MacGregor cranes for Subsea 7 vessel
MacGregor, part of Cargotec, has won an order for two subsea cranes from South Korean shipyard Hyundai Heavy Industries Co Ltd. The active heave-compensated cranes will have an SWL of 100-tonnes and 25-tonnes respectively. They will be fitted on board a new 160m heavy construction vessel (hull 2654)
Gassco to remove Ekofisk 2/4-S steel jackets and tripod
Gassco has received consent for the removal of steel jackets and tripod on Ekofisk 2/4-S, in the North Sea, offshore Norway.
Lundin begins appraisal drilling at Edvard Grieg field
Lundin Petroleum AB has announced that drilling of appraisal well 16/1-18 on the Edvard Grieg field located in the North Sea sector of the Norwegian Continental Shelf (NCS), has started.
Stone Energy hits oil pay at Cardona well (USA)
Plans are to flow the Cardona well to the Stone owned and operated Pompano platform with first production in early 2015.
Awilco earns $31.6M in 4Q, 2013
Awilco Drilling PLC reported contract revenue of USD 61.4 million (USD 62.3 million in Q3), EBITDA of USD 40.5 million (USD 46.3 million in Q3) and net profit of USD 31.6 million (USD 36.6 million in Q3). In the fourth quarter Awilco Drilling had rig operating expenses of USD 16.3 million. General a
Air2Work to seize new business opportunities with new CEO at helm
Energy sector breathing equipment specialist Air2Work appointed the new CEO Kevin O’Connor in Aberdeen, and confirmend an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore. Air2Work markets and services breathing a
Sir Ian Wood’s proposals need fast-track execution, Dana CEO says
Dana Petroleum has welcomed the publication of the final report by Sir Ian Wood on maximising recovery in the UKCS. The report UKCS Maximising Recovery Review was commissioned by the UK Government in June last year. Graham Scotton, Dana’s acting Chief Executive said: “Dana welcomes the publication o
Antrim Energy gets more time to submit Fyne FDP
Antrim Energy Inc., a Canada-based international exploration and production company, has informed that the UK Department of Energy and Climate Change (“DECC”) has agreed to amend the terms of UK Central North Sea Licence P077 Block 21/28a to allow for a Field Development Plan (“FDP”) for the Fyne Fi
CEMT awards Bureau Veritas for hydrodynamics research
A team from the Research Department of Bureau Veritas has won the prestigious 2013 CEMT Award in recognition of their research in the field of hydrodynamics. The award is presented by the Confederation of European Maritime Technology Societies for research which makes a significant and valuable cont