Fossil Energy
Statoil to Build New Platform on Snorre Field
Statoil recommends building a new drilling and processing platform on the Snorre field in the North Sea to extract maximum remaining reserves. Together with Petoro and the other licence partners, Statoil has worked hard to find a good solution for extending the life of the field to 2040. A thorough
DW: Deepwater Construction Vessels: Brazil with a pinch of (pre) salt?
Last week’s auction for production rights to Brazil’s 12bn barrel Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’ plans for its deepwater pre-salt developments still command a great deal of head scratching, said Dougl
MEO Australia: Rig Arrives at Blackwood Location
MEO Australia advises that the Ensco 104 jack up drilling rig was handed over to the NT/P68 Joint Venture on 26th October and arrived on location on 27th October. The drilling program is expected to take around 65 days. Blackwood-2 is expected to spud within the next few days and is planned to be dr
Top News of the Week October 21- 26, 2013
Aegir Sailing Toward Its First Project; Anadarko’s Lucius Field Heerema Marine Contractor’s new state-of-the-art deepwater construction vessel Aegir has left Rotterdam and is now en route to the U.S. Gulf of Mexico. The news was revealed by Martijn van Wijngaarden last week at the Offshore Energy 20
Reach Subsea Secures North Sea Contracts
Reach Subsea has been awarded two new contracts for light construction subsea work in the North Sea. The company will use the chartered in vessel Bourbon Emerald with Reach Subsea’s own ROV-systems and offshore personnel on board. The contracts also include engineering and will secure utilisation fo
‘Island Earl’ Contract Extended
Island Offshore has informed that Peterson Supply B.V, Den Helder has extended the contract on the M/V Island Earl with one year. The Island Earl began her contract as a new build in 2008, and has been supporting the SNS pool in the southern sector of the North Sea ever since. “We would like to [&he
SOCAR Kills Burning Well after Two Months (Azerbaijan)
Azerbaijan’s state-run oil company SOCAR, has extinguished the burning well at the Bulla Deniz field in the Caspian sea. The well, which was on fire since August 17, was killed Wednesday, October 23, SOCAR said in a statement. Halliburton’s subsidiary, Boots & Coots, a pressure control company, help
Another SPM Gig for Petrofac in Iraq
Petrofac, the international oilfield service provider, has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$99 million includes the second phase of the project and will see the Company provide an additional
Diavaz Extends ‘Normand Fortress’ Charter (Mexico)
Norway’s Solstad Offshore has signed a new contract with Constructora Subacuatica Diavaz S.A de D.V (Diavaz) for the charter of SOFF’s CSV “Normand Fortress”. The duration of the contract is 2 years firm and will commence in direct continuation of present contract with same client, in March 2014. Th
NOV Achieves Quarterly Record of $1 Bln in Cash Flow from Operations
National Oilwell Varco, Inc. today reported that for the third quarter ended September 30, 2013 it earned net income of $636 million, or $1.49 per fully diluted share, compared to second quarter ended June 30, 2013 net income of $531 million, or $1.24 per fully diluted share. Excluding $10 million i
Two Dry Wells for Wintershall in North Sea
Wintershall Norge AS, operator of production licence 457, has completed drilling of wildcat wells 16/1-19 S and 16/1-20 A. Wells 16/1-19 S and 16/1-20 A were drilled about two and a half kilometres east of appraisal wells 16/1-16 and 16/1-16 A at the Ivar Aasen field, and about three kilometres nort
Ocean Installer Orders GE Subsea Systems for Gina Krog and Eirin Fields
Norwegian-based subsea contractor Ocean Installer AS has awarded GE Oil & Gas a contract to supply subsea tie-in connection systems that will support the development of the Gina Krog and Eirin gas fields in the Norwegian North Sea. Statoil Petroleum AS , which operates the Gina Krog (formerly known
BSEE Gets Cash to Protect Ohmsett Research Centre from Storms
The Bureau of Safety and Environmental Enforcement (BSEE) will receive $4 million for infrastructure improvements as part of the $162 million investment strategy announced today by Secretary of the Interior Sally Jewell to protect Atlantic Coast communities from future, powerful storms. The funds al
Bibby Offshore Opens Houston Office. Lands Job in Mexico
As part of its continuing global growth strategy, subsea installation contractor Bibby Offshore has announced the opening of a new division and international base in Houston. The company, that also has bases in Aberdeen, Liverpool, Singapore and Trinidad, has initially invested over £3million into t