Fossil Energy
GDF Suez to drill Barents Sea well with Transocean Barents rig
The Norwegian Petroleum Directorate has granted GDF SUEZ E&P Norge AS a drilling permit for wellbore 7218/8-1, in the Barents Sea. The company will use the Transocean Barents drilling rig for the operation, following completion of the drilling of wildcat well 7222/11-1 for Det norske oljeselskap in
Aibel to build topside modules for TEN FPSO in Ghana
Aibel Thailand has signed the contract for the topside procurement and fabrication of the Tweneboa, Enyenra & Ntomme (TEN) project with MODEC. The scope includes seven modules with an overall weight of 9,400 tonnes. The modules will be transported from Aibel’s yard in Thailand to Singapore where the
Farstad Shipping gets new charter contracts
Norwegian provider of large offshore vessels Farstad Shipping has been awarded several new charter contracts. The company today said that new charter contracts are worth $103.1 million, excluding options. Statoil has declared their one year option to extend the contract for the PSV Far Serenade, and
BOEM: Gulf of Mexico March lease sale covers 40 mln acres
The U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. “These lease sales underscore
Norway: January oil production above NPD forecast
The Norwegian Petroleum Directorate has announced preliminary production figures for January 2014. The figures indicate an average daily production of about 1 948 000 barrels of oil, NGL and condensate. This is almost the same as in December 2013. Total gas sales were about 9.9 billion Sm3, which is
Artificial Lift moves to new headquarters in Houston
Artificial Lift’s President and Chief Executive Officer David Malone announced the company has moved its headquarters from Great Yarmouth, United Kingdom to Houston, Texas. Artificial Lift Company is an oil and gas service company situated in the Westchase District near the Energy Corridor. The comp
SkyVision signs 5-year contract with Sapetro
SkyVision Global Networks Ltd. today announced the successful implementation of its project with SAPETRO which includes the installation of a full suite of SkyVision connectivity solutions in Benin and the ongoing management of the project. The 5-year contract consists of an end-to-end voice and dat
HMAS Sirius patrols trough Australian oil and gas fields
Complementing the Australian Government’s border protection operations, the Australian Navy’s HMAS Sirius support ship has concluded a patrol through the North West Shelf oil and gas fields. This patrol, known as Exercise RED RAPTOR, was designed to provide an overt security presence through the cri
Wärtsilä to equip Mariner field FSU with pumps
Finland’s Wärtsilä, the marine industry’s provider of innovative products, solutions and services, has signed a contract for a range of pumping solutions for a new Floating Storage Unit (FSU) which will operate on the Mariner oilfield in the North Sea. Wärtsilä’s contract was signed in late 2013 wit
Polarcus: Challenging 4Q on global slowdown in project awards
Polarcus Limited announces the release of its fourth quarter and preliminary full year 2013 financial statements. Polarcus recorded an increase in EBITDA margin to 41% with low utilization being offset by lower costs in 4Q 2014. Reduced finance costs due to less debt and reduced interest rates furth
Aasta Hansteen, Polarled create 200 jobs in Northern Norway
The Aasta Hansteen and Polarled development projects will have significant spinoff effects in the north of Norway. So far the projects are set to ensure jobs for 200 people on the Helgeland coast. “Aasta Hansteen is a pioneer project in Northern Norway. It is the deepest field development on the Nor
ONGC borrows $2.5B to pay for Rovuma field stake
ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has entered into separate agreements with two consortiums of international banks to raise USD 2.5 billion by way of offshore borrowings to finance its acquisition of 10% participating interest in Rovuma Ar
Aquatic’s offshore personnel gets health and safety training
Aquatic Engineering & Construction Ltd has worked with Survivex, a specialist in health and safety training provider, to create a bespoke course for its offshore teams who work at height using harnesses. Aquatic’s modular reel drive systems can stand up to 7m high when assembled, and the company’s o
Nexus Energy denies Shell, ConocoPhillips takeover talks
The Australian newspaper yesterday reported that Nexus Energy could sell its assets or even the whole company either to Shell or to ConocoPhillips. However, Nexus Energy has issued a press release saying it is “not in discussions with Shell or ConocoPhillips in relation to any potential transaction,