Fossil Energy
Governor Parnell Disappointed by Shell’s Decision to Drop Drilling Offshore Alaska
Alaska’s Governor Sean Parnell is disappointed by Shell’s announcement that it will not be exploring off Alaska’s coast in 2014. “Today’s news is extremely disappointing for Alaska, but certainly understandable given the recent Ninth Circuit Court ruling,” Governor Sean Parnell said. “Multiple years
Huisman Builds Pipelay Systems for Five Offshore Vessels
Huisman, a Dutch specialist in lifting, drilling and subsea solutions, currently has five new built pipelay systems out on the quayside of their production facility in Schiedam, The Netherlands. These “high five” showcase the latest in pipelay technology and underline the added value of the new prod
Canada Introduces Energy Safety and Security Legislation
Joe Oliver, Canada’s Minister of Natural Resources, yesterday introduced the Energy Safety and Security Act. This Act is expected modernize safety and security for Canada’s offshore and nuclear energy industries, ensuring a world-class regulatory system and strengthening safety and environmental pro
China: Aframax Tanker to be Converted into Semi-Submersible Heavy Lift Vessel
FKAB China have recently secured a design order from ZPMC’s Shipping arm for conversion of the 15 years old aframax tanker “Mako” to semi-submersible heavy lift vessel. After conversion the heavy lift vessel will be able to transport container cranes, offshore rigs and other heavy cargo. Cargo can b
New Board Chairman at Wood Group
Wood Group announces the appointment of Ian Marchant as Chairman of the Board following the retirement of Allister Langlands at the end of the Annual General Meeting, scheduled for 14 May 2014. Ian has been a director of Wood Group since 2006 and has been senior independent non-executive director si
Douglas-Westwood: Deepwater Expenditure to Increase 130 Pct
Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period, totalling $260 billion (bn) from 2014 to 2018, with growth driven primarily by Africa and the Americas. Douglas-Westwood (DW) has launched the 12th edition of its World Deepwater Market Forecast 2014
EOC Limited Names New CFO
EOC Limited, one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, announces that Chan Eng Yew, 41, Chief Financial Officer (CFO) will be stepping down at the helm after attaining a steady revenue stream for the Group in FY13. EOC started FY14 with a fourfo
ConocoPhillips Plugs Grace-1 Well. No Hydrocarbons Found
The wireline logging program including pressure measurement and reservoir fluid sampling across a zone of interest encountered in the Jurassic volcanic interval was completed. The zone was found to be water bearing. Once the well is plugged and abandoned, the Transocean Legend rig has a one month ma
BSEE: Gas Leak at ‘Rowan Louisiana’ Rig. Workers Evacuated
The Bureau of Safety and Environmental Enforcement (BSEE) and the Coast Guard are responding to a loss of well control event at Vermilion Block 356 in the Gulf of Mexico, approximately 108 miles southwest of Lafayette, Louisiana. The operator, EnVen, reported that it was drilling from the jack-up ri
Damen to Repair Two KNOT’s Shuttle Tankers
Damen Shiprepair Brest (France) received a booking for the dry-docking and repairs of two shuttle tankers managed by Knutsen NYK Offshore Tankers A/S. The 88,109 GRT sister vessels Karen Knutsen and Sallie Knutsen expect to arrive end February and Middle of March respectively. Damen Brest’s Managing
Danish Parliament Approves Goldman Sachs’ Investment in Dong Energy
The agreement on capital increase in DONG Energy has been approved by the Danish Parliament’s Finance Committee
Exxon Mobil 4Q Earnings Down 16 Pct
Exxon Mobil, the U.S. based oil giant has reported a 16% drop in its fourth quarter results. Fourth quarter 2013 earnings were $8.4 billion, down 16% from the fourth quarter of 2012. Full year 2013 earnings were $32.6 billion, down 27% from 2012. Capital and exploration expenditures were $9.9 billio
PWA-ProSep Helping Clients Increase Oil Recovery
Houston headquartered oil, gas and water treatment specialist, PWA-ProSep has secured contracts worth $10.5million this year for technologies to be delivered to clients operating in Africa, Norway, Malaysia, South America and the USA. The company, which offers a life-cycle portfolio of patented solu
Oil & Gas UK Boss: We Are Not Drilling Enough Wells
Deloitte earlier this week issued a report in which it said only 47 exploration and appraisal wells were drilled on the UK Continental Shelf (UKCS) in 2013, compared with 65 in 2012 Malcolm Webb, chief executive of Oil & Gas UK, an organisation representing the UK offshore oil and gas industry, said