Fossil Energy
Fugro Extends CSV Southern Ocean Charter Contract
Oceanteam Shipping ASA (OTS) confirms the extension of the bareboat charter with Fugro TS Marine Australia for the CSV Southern Ocean until the end of 2018. The extension of the bareboat charter will further strengthen Oceanteam’s contract backlog and secure future earnings. The original charter was
Profitable 3Q for BW Offshore
BW Offshore, an Oslo-based provider of floating production units, has reported that its net profit for 3Q 2013 was $18.0 million, compared with net loss of $57.5 million recorded in the same period od 2012. Operating revenues for Q3 2013 amounted to USD 238.4 million, compared to USD 255.1 million i
Industry Unprepared for Decommissioning of Offshore Structures in Gulf of Mexico?
The deepwater decommissioning challenge in the Gulf of Mexico is approaching fast, prompting concerns that the industry may be unprepared. Several very large jackets greater than 10,000 tons and in water depths of around 1,000 ft or more in the Gulf are in Pre-FEED Status for decommissioning. To dat
ADOC Acquires Unique System’s Monitoring Equipment
Unique System FZE, a Unique Maritime Group company, which is one of the world’s leading integrated turnkey subsea and offshore solutions provider, engineered and supplied a monitoring system that will provide the Abu Dhabi Oil Company Ltd. (Japan) with meteorological and oceanographic data to aide o
Niko Resources CEO to Retire
International oil and gas explorer Niko Resources has announced that Ed Sampson, Chairman, CEO and President of the Company, will retire, effective the end of the calendar year. During his 18 years with Niko, he was the architect of its expansion within India and to many international areas, inclu
Harvest Sells Assets in Venezuela. Scraps Gabon Deal with Vitol
Harvest Natural Resources, Inc. has updated information about its continuing discussions with Pluspetrol Venezuela S.A. to sell Harvest’s 32% interest in Petrodelta, S.A., its Venezuelan equity affiliate. In response to a new proposal by Pluspetrol, Harvest and Pluspetrol have agreed, subject to neg
Noble Corporation Moves to UK
Noble Corporation announced that it completed the change in the place of incorporation of its publicly traded parent company from Switzerland to the United Kingdom on November 20, 2013. Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidia
Rolls-Royce Clinches $138M Offshore Deal with Petrobras (Brazil)
Rolls-Royce has been awarded a $138M, five-year services contract by Petrobras, a world leader in deep and ultra-deep water oil and gas exploration and production, to support its oil production activities offshore Brazil. Rolls-Royce will supply Petrobras with advanced maintenance and repair service
Two Subsea 7 Vessels Arrive at A&P Yard for Repairs
A&P North East has announce that the Subsea7 vessel’s Acergy Discovery and Rockwater 1 will be dry docked at the Tyne facility in November and December. For the Acergy Discovery the main scope of work covers thruster overhaul and general maintenance. The Rockwater 1 scope of work covers Thruster ove
Statoil Evaluating Njord A Options. Thinking of Building New Platform
Faroe Petroleum today announced that Njord field partnership is, among other things, thinking of constructing a new platform, to replace Njord A. As previously announced on 26 September 2013, the Njord operator Statoil has been carrying out a detailed analysis of the platform’s structural integrity.
First Gas Flows from Jasmine Field (UK)
BG Group today announced first gas production from the Jasmine field in the UK North Sea, in which the company has a 30.5% interest. The successful start-up of the field marks the delivery of another of the Group’s key milestones for 2013. Once on plateau, Jasmine is expected to contribute around 30
Ensco Orders $285 Mln Jack-Up Rig from Keppel
Ensco plc is extending its ENSCO 120 Series of ultra-premium harsh environment jackup rigs with the order of ENSCO 123 for delivery in second quarter 2016. The rig will be built under a fixed-price shipyard construction contract with Keppel FELS Limited in Singapore. Including commissioning, systems
BP Makes Deepwater Horizon Response Data Available to Public
BP says that access to data from the Deepwater Horizon Response and environmental assessment will lead to a better understanding of the condition of the Gulf BP has announced it is launching an effort to make a vast quantity of environmental data collected from the Gulf of Mexico publicly available
RGU to Open International Institute for Oil and Gas in Aberdeen
Robert Gordon University (RGU) in Aberdeen is establishing an International Institute for Oil and Gas, as part of the university’s strategy to build on its achievements in this sector and to develop its reputation as a global leader in oil and gas-related training and high value research directly re