Fossil Energy
Aqualis ASA Buys Aqualis Offshore
Aqualis ASA (formerly Clavis Pharma ASA) has today successfully completed the acquisition of 100% of the shares in Aqualis Offshore Ltd., a specialized offshore marine and engineering consultancy group, for NOK 70 million. The acquisition has been settled though the issue of 43.75 million shares, at
Wood Mackenzie: Lack of Water is a Risk to Global Energy Industry
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, according to Wood Mackenzie’s latest research report “Troubled waters ahead? Rising water risks on the global energy industry”, which utilizes data and maps fr
Rialto Energy Wraps Up Vitol Deal, Pens New PSC (Cote d’Ivoire)
Rialto has completed the previously announced transaction with Vitol E&P (“Vitol”) and also signed a new Production Sharing Contract (“PSC”) for Block CI-202, offshore Cote d’Ivoire, replacing the previous PSC. As announced on 16 September 2013, Rialto already had in place a Memorandum of Understand
New Seismic Vessel Launched in Flensburg Shipyard
Flensburg: Where once it was ferries that gave Flensburger Schiffbau-Gesellschaft its international reputation for excellence, now it is ultra-modern special ships.
PGS Ramform Titan Begins Seismic Survey Offshore Falklands
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands has the start of the third 3D seismic survey. The PGS Ramform Titan has started a 3D seismic survey over the mid-Cretaceous Hersilia fan complex within the northern area lic
Welltec Opens Factory in Esbjerg, Denmark
Welltec has today entered into an agreement to establish a purpose-built manufacturing facility in Denmark’s energy capital Esbjerg. The facility is expected to be operational at the end of 2014 with a staff of 25-35 employees. The new facility will increase Welltec’s manufacturing capacity within t
MTOPS to Build Topsides for Petrobras’ FPSO
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a Singapore joint company created by Toyo Engineering Corporation and MODEC, Inc. , has been awarded a letter of intent from MODEC to install topsides units for a Floating Production, Storage and Offloading (FPSO) system. This FPSO, named
Leighton Wins LOFS Contract from Qatar Gas
Leighton Offshore has been awarded another project by Qatar Gas after successfully delivering the replacement of their SPM 1 floating hoses earlier in the year. Leighton’s scope of work For Qatargas Phase 2 will include: – Floating Hose change out works on SPM 2, including flushing of SPM system, in
Bad Weather Keeps Cal Dive in Red
Cal Dive International, Inc. generated a loss for the third quarter 2013 of $3.8 million, or $0.04 per diluted share, excluding a $13.0 million after-tax non-cash impairment charge primarily related to four domestic construction barges. This compares to a loss in the prior year third quarter of $6.6
Seabird Nets Two Contracts for Its Seismic Vessels
SeaBird Exploration Plc has announced the Voyager Explorer has been awarded a contract from a national oil company in the Asia Pacific region. The contract has an estimated duration of about 110 days and start is expected late November. The contract value is about USD 16 million. Additionally, the A
OSM Offshore to Operate Heidrun FSU
OSM Offshore has agreed to enter into a 6 years contract with Norwegian energy company Statoil Petroleum AS to operate the Heidrun FSU. The Heidrun FSU is currently being built by Samsung Heavy Industries at the world’s second-largest shipyard in Geoje Island, Republic of Korea and is expected to be
Lamprell Confirms Caspian Sea Rig Delivery
Lamprell has completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group. The rig has now been delivered to the client and was recently towed out from the Astrakhan re-assembly yard to start operations on its first contract else
CRD-3X Appraisal Well in Vietnam Well Flows Oil
Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract in Vietnam that drill stem flow testing (DSTs) of three key Miocene reservoir sands encountered in the CRD-3X appraisal, well being drilled by “Ocean General” semi- submersible dri
Leighton Secures Four Engineering Projects in Malaysia
Leighton Engineering has been successful in securing four additional projects in recent months to add to their strong track record in undertaking detailed engineering work from the Engineering Centre of Excellence in Malaysia. Leighton Engineering Director Ian Develin said: “The award of these proje