Fossil Energy
Cargotec Buys Mooring and Loading Business from Aker Solutions
Aker Solutions today agreed to sell its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion, or about EUR 180 million. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the glob
Gabon Awards 13 Offshore Blocks
Eleven oil companies have been awarded blocks in Gabon as part of the West African country’s licencing round. According to Reuters, the government has granted 13 blocks. Once the third largest oil producer in Sub-Saharan Africa, the country is hoping to improve the declining oil output, as large oil
Research & Markets: Oil and Gas Security Market to Reach $30 Bln Number by 2018
Research and Markets has announced the addition of the “Oil and Gas Security Market” report to their offering. According to the report the total oil and gas security market is expected to grow from $23.23 billion in 2013 to $29.98 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) o
Schlumberger Introduces Sonic-While-Drilling Service – SonicScope
Schlumberger announced today the release of the SonicScope* multipole sonic-while-drilling service for wells with large boreholes. The SonicScope service provides high fidelity measurements to determine formation pore pressure and breakout limits to improve drilling risk management. “When drilling i
Siem Offshore Enters Two Charter Agreements
Siem Offshore and Marine Platforms Limited have entered into a new contract for the MRSV “Siem Marlin”. The contract is made at market terms and is for a firm period of one year with start in April 2014. Also, Statoil has exercised the option to charter the large-size PSV “Siem Sailor” for one addit
Interview: DylanGroup Forges Ahead
As the offshore industry moves toward further expansion and building-up of its capacities there is an ever-growing need for resourceful and reliant steel partners in the market who can provide custom-made steel piping products and services. In order to find out more about the on-going projects and t
Eni: Mozambique Stake Sale Moves Net Profit Up
Eni the international oil and gas company, today announces its group results for the third quarter and nine months 2013. Adjusted Net Profit In the third quarter of 2013, adjusted net profit was €1.17 billion, down 29.4% when excluding Snam’s contribution to continuing operations in the third quarte
Statoil Awards Consultancy Services Contract to OPC
A framework agreement to supply Drilling, Wells and Petroleum Technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the 5 year contract runs until 2018 and has options to extend until 2023. The agreement covers the provision of consultants for the specialist discipli
CNOOC: Oil Flows from Suizhong 36-1 Phase II
China’s CNOOC Limited announced today that Suizhong 36-1 Phase II adjustment project has commenced production. Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai with an average water depth of about 30 meters. Along with fully utilizing the existing producing facilities,
Fayard to Upgrade Maersk Gallant Jack-Up Rig (Denmark)
Continuing the long business relations Maersk Drilling placed the order for upgrading of the jack-up drilling rig Mærsk Gallant (built in 1993) with Fayard A/S located at the previous Lindø Yard in Munkebo, Funen. In competition with other Northern European shipyards, Fayard qualified for the fourth
BHP Billiton Gets Clearance to Drill Cinco-1 Prospect (Philippines)
Otto Energy Limited has been notified by BHP Billiton Petroleum (Philippines) Corporation, the Operator of Service Contract 55 (SC55) offshore the Philippines, that it has received formal Strategic Environmental Plan Clearance from the Palawan Council for Sustainable Development in order to drill th
Mubadala Starts Gas Production from Ruby Field (Indonesia)
INPEX has announced that production of natural gas from the Ruby gas field (the Field) in the Sebuku PSC in Indonesia, kicked off on 27 October 2013. The Field, operated by Mubadala Petroleum, is located 300km south of Balikpapan City in Indonesia with a water depth of approximately 60m. The develop
Petrobras, Partners Hire FPSO for Carioca
Brazil’s state-controlled oil company Petrobras, the operator for the BM-S-9 consortium, announces, together with its partners BG E&P Brasil and Repsol Sinopec Brasil, that the company’s affiliate Guará BV has signed on its behalf a letter of intent to charter, through Modec Inc. and Schahin Petróle
TTS Receives Subsea and Specialized Cranes Order
TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS, signed two new contracts for subsea and specialized cranes with a total value of approximately MNOK 60 (USD 10.2 Mln). The largest contract is with IHC Offshore & Marine B.V. in The Netherlands. It concerns delivery of thr