Fossil Energy
Forum Energy Technologies Names New COO
Forum Energy Technologies, Inc. has announced the appointment of Prady Iyyanki to the position of Chief Operating Officer. In this newly created role, he will be responsible for leading Forum’s global operations and driving growth and operational excellence across the organization. Prady will be bas
Deep Sea Supply Receives ‘Sea Spear’ PSV
Deep Sea Supply has taken delivery of the Platform Supply Vessel “Sea Spear” of PX 105 design from Sinopacific Shipyard. The vessel is owned by a company which is 50% owned by Deep Sea Supply and 50% by BTG Pactual. The vessel’s main characteristics are the size of 4700 dwt, 1000 m2 deck area, cle
Songa Offshore Reports High Rig Operating Efficiency in December
Songa Offshore, an international offshore drilling company, has announced its rig fleed update for December 2013. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operation
ONGC, Oil India Complete Rovuma Area Acquisition (Mozambique)
ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore Block, Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Limited, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Limited. On 25t
Greencarrier Expands Services to O&G Industry
Greencarrier Shipping & Logistics AS is planning to expand its services to the oil and gas industry, appointing a new head of the energy and projects business unit and opening an office in Stavanger, Norway. The Scandinavian company, which offers the full range of freight forwarding and logistics
COSL, Pemex Ink Module Rig Deal
China Oilfield Services Limited , announced that it recently entered into a long-term cooperation contract for COSL4, a 2000HP module rig, with Petróleos Mexicanos (PEMEX) for operation period of over 1,700 days at higher contract day rates. COSL has had a six-year-long cooperation with PEMEX. Recen
ConocoPhillips’ 4Q Production Hit by Weather-Related Downtime
ConocoPhillips has provided an update on fourth-quarter production guidance. The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for con
KONGSBERG Moves Operations to ‘Subsea Valley’
As from the 1st of January, KONGSBERG has installed 330 employees in a new building in Asker, Norway. Located in the heart of “Subsea Valley”, the new office building will be the main headquarters for the Group’s Oil & Gas business area in addition to accommodating some of the Group’s defence activi
Drifting FPSO Damages Bualuang Riser. Shuts Production
Salamander Energy announces that due to a damaged production riser, production from the Bualuang oil field in the Gulf of Thailand has been temporarily shut-in. During bad weather conditions, the Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure.
Fieldwood Energy Buys Gulf of Mexico and Gulf Coast Assets
Fieldwood Energy LLC (“Fieldwood”) announced today the acquisition of entities comprising SandRidge Energy, Inc.’s (“SandRidge”) Gulf of Mexico and Gulf Coast business unit for $750 million, based on an effective date of December 1, 2013 and subject to customary purchase price adjustments. As part o
Noreco’s December 2013 Production Rises
Norwegian Energy Company (Noreco) in December 2013 produced 5 269 barrels of oil equivalents (boe) per day. Net realised price in December was USD 100.7 per boe (USD 110.3 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the fourth quarter 2013, production was 4 628 boe pe
Aker Solutions Names New Head of UK Business
Aker Solutions hires David Currie as head of its UK business to help lead the company’s expansion in a key market. Currie comes from FMC Technologies, where he has since 1985 held various positions, most recently as director of global subsea operations. A native of Scotland, he will be based in Aber
PTTEP Announces 2013 Achievement and Five-Year Plans
PTTEP has announced the 2013 achievement and five-year plans. Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP revealed 2013 achievement, strategic plan and 5-year plan. 2013 Achievement In 2013, PTTEP has steadily grown as the Thai national petro
BOURBON Sells 12 Vessels to ICBCL
BOURBON announces the transfer of ownership of 12 vessels to the Chinese company ICBC Financial Leasing (“ICBCL”) for a total value of approximately US$ 378 million, as part of the sale and bareboat charter agreement for up to 51 vessels signed with ICBCL on April 9, 2013. With the 9 vessels already