Fossil Energy
Seascape Surveys Expands ROV Fleet
Seascape Surveys of Singapore has acquired their third Saab Seaeye Tiger ROV for operations in Indonesia. “The Tiger offers a good combination of size and power for jacket inspections,” says Seascape’s managing director, Peter Reichlmeier. He explains that Tigers are used for digital inspection work
Hess Announces $5.8 B Capex. Allocates $500 M for Exploration
Hess Corporation has announced a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for production, $925 million (16 percent) for developments and $550 mi
Rem Offshore Orders Platform Supply Vessel
The vessel will be able to operate in challenging arctic conditions.
Bumi Armada Bags Two PSV Contracts in Angola
The vessels will support Total on the drilling campaign on Block 32 offshore Angola
Bad Weather Hinders Huntington Field Production
Production from the E.ON operated Huntington offshore oil field, located in the UK sector in the North Sea, has been reduced, Noreco, a partner in the field has reported. So far in January reported Noreco share of production from the Huntington field is approximately 3 200 barrels of oil equivalents
‘Normand Reach’ Reaches Norway
The hull of the Normand Reach construction support vessel has arrived in Norway where it will be outfitted. The vessel’s hull was launched on December 20th in a yard in Romania, and it took it a month to reach VARD’s Aukra yard in Norway. The vessel, owned by Solstad Offshore, has an overall length
JDR’s Umbilicals and Reels for West African Field Development
JDR, a leading provider of technology connecting the global offshore energy industry, has won a contract with FMC Technologies in Kongsberg to design and supply umbilicals and reels for Intervention Workover Control System (IWOCS) for a West African field development. The project calls upon JDR’s fi
Lundin Hires ‘Viking Queen’
Lundin Petroleum has hired the ‘Viking Queen’ Platform Supply Vessel from the Norwegian offshore vessels owner Eidesvik for an undisclosed fee. The contract for the PSV Viking Queen is for 15 wells with options for 5 more wells. Duration for the firm period is minimum 900 days. The contract will beg
Lankhorst Ropes Nets Largest Ever Deepwater Mooring Lines Contract
Leading offshore rope manufacturer, Lankhorst Ropes has been awarded a contract by HHITECH (Hyundai Heavy Industries and Technip USA consortium) to supply the mooring lines for Statoil’s Aasta Hansteen Spar platform to be located in the Norwegian sector of the Norwegian Sea. It is the largest single
Keppel 4Q Profit Rises 9 Pct
Singapore’s offshore rig builder Keppel has reported its net profit of S$332 million for the fourth quarter of 2013, a 9% increase compared to 4Q 2012’s S$305 million. The company’s full year net profit decreased 26% to S$1.4 billion, compared to 2012’s S$1.9 billion. Net Profit for 2012 included re
Wintershall Scores Second Most Operatorships in 2013 APA
Wintershall is continuing its growth course in northern Europe: in the current licensing round APA 2013 (“Award in Predefined Areas”), the Norwegian Petroleum and Energy Ministry has awarded eight new exploration licenses to Germany’s largest internationally active oil and gas producer. Wintershall
U.S. Court of Appeals: Chukchi Sea Lease Sale Unlawful
The Court of Appeals for the Ninth Circuit yesterday ruled that the Department of the Interior violated the law when it sold offshore oil and gas leases in the Chukchi Sea off the coast of Alaska. The decision stems from a lawsuit filed by a coalition of Alaska Native and conservation groups made up
Pacific Drilling Appoints New CFO
Pacific Drilling S.A. has announced that Paul T. Reese, currently Vice President Controller, will assume the role of Chief Financial Officer, effective February 28, 2014. Reese will succeed the company’s current CFO, William Restrepo, who is leaving the company to pursue another opportunity. “Paul’s
GDF SUEZ E&P Norge Becomes Partner in PL637 B
GDF SUEZ E&P Norge was awarded partnership in PL637 B, which is a license extension to PL637, in the 2013 Awards in Predefined Areas (APA 2013). “We are happy with the license award, which confirms our interest in the northern North Sea and is important in securing the potential upside to the PL637