Fossil Energy
DOF Subsea Orders Seven ROVs from Forum Energy Technologies
Forum Energy Technologies, Inc. today announced that it has received an order from DOF Subsea AS, Bergen, Norway to supply seven Perry™ XLX 200HP work-class remote operated vehicle (ROV) systems, including five Dynacon Launch and Recovery systems (LARs). The ROV systems will be delivered during the
EMGS, North Energy Pen 3D EM Data Agreement
Electromagnetic Geoservices ASA (EMGS) has signed an agreement with North Energy ASA (North Energy) worth NOK 100 million (USD 16.1 million). The agreement includes a sale of 3D EM data from EMGS’ existing multi-client data library in the Barents Sea for USD 12.1 million and sale of services relat
Wood Group PSN Lands Two Deals in Africa Worth $250 M
Wood Group PSN (WGPSN) has secured two major contract extensions in Africa, worth around $250 million USD. WGPSN has secured a five year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa in a deal worth more than $140 mi
Kleven to Build Marin Teknikk Designed IMR Vessel
Kleven has signed a contract with Olympic Shipping for the building of an IMR vessel of MT 6021 design. The contract value is around NOK 400 million (USD 64.7 million), and the vessel will be delivered from Kleven Verft in March 2015. ‘It is a great pleasure for us to be able to contribute to [&hell
INPEX Gets Upper Zakum Oil Field Extension
INPEX has announced that the Government of Abu Dhabi has decided on the extension of the Concession for the Upper Zakum Oil Field, offshore Abu Dhabi, United Arab Emirates (UAE). The Concession has now been extended to 31st December 2041 by adding more than 15 years to the previous term. The Upper Z
Faroe Petroleum Announces Spud of Pil Well (Norway)
Faroe Petroleum, announces the spudding of the VNG-operated Pil exploration well 6404/12-3S (Faroe 25%). The Pil prospect (Licence PL 586) is located within tie-back distance (33 kilometres) to the Njord platform in which the Company holds a 7.5% interest. The prospect is a combined structural and s
Hibernia Leak Stopped. 6.000 Liters Spilled (Canada)
Hibernia Management and Development Company Ltd. (HMDC) has informed Canadian authorities that they have stopped the oil leak from its Hibernia platform. According to the C-NLOPB, HMDC estimates the volume leaked from the Northern Offshore Loading System (OLS) to be 6,000 litres. HMDC has reported t
CGX Stops Repsol, RWE Dea Farm-Out Deal in Guyana
CGX Energy Inc. announced today that its wholly-owned subsidiary, CGX Resources Inc., obtained an injunction order from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. (“Repsol”) from proceeding with the 30% farm-out of the Kanuku petroleum prospecting license to RWE Dea AG pendi
Statoil: Situation at Snorre A Resolved. Workers Return to Platform
Statoil has informed that cementing of the Snorre A well in the Norwegian part of the North Sea, where the company on Saturday lost drilling fluid, is completed. “Favourable weather conditions have allowed unloading and new supply of drilling fluid has arrived on board,” Statoil said in an update. T
‘Island Pioneer’ Sold for $70 M
Island Offshore Shipholding, LP, (IOSH) today announces that Island Pioneer KS, where IOSH owns 70 %, has sold the Island Pioneer Multi-Purpose Supply Vessel for MNOK 435 (around $75 million) in total proceeds. The transaction generates MNOK 265 in liquidity for IOSH, after repayment of loans and mi
Cobalt Names EVP and Chief Development Officer
Cobalt International Energy, Inc. has announced the appointment of Gregory S. Sills as Executive Vice President and Chief Development Officer with accountability for the planning and execution of Cobalt’s worldwide projects. This appointment is effective January 27, 2014. Sills brings to Cobalt more
MLS Charters PSV ‘Volstad Supplier’
Volstad Shipping AS has entered into a contract with Maritime Logistic Service AS (MLS), where MLS charter the “Volstad Supplier” for a period estimated until mid-June 2014 with startup mid-January 2014. Charter hire has been set at NOK 200.000 per day. For PSV “Volstad Princess”, the contract with
Mintra to Train Oro Negro’s Offshore Workforce
Mintra Training Portal Limited, a leading provider of learning, training and competency solutions for the oil and gas industry, has won a six figure contract to deliver training management services for Mexican oil services company, Oro Negro. This contract will see Oro Negro utilise Mintra’s online
Tullow Oil Hires MSI for Metocean Services Offshore Côte d’Ivoire
MSI has been providing metocean measurement services to Tullow Oil in Uganda since 2006, and more recently in Gabon. In late 2013, MSI was awarded a contract by Tullow Oil to measure near surface and near seabed current profiles in approximately 2,400m water depth, during a drilling programme by the