Fossil Energy
Lundin Receives Approval to Drill Exploration Well in PL 410 (Norway)
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/5-5, in the Norwegian sector of the North Sea. Well 16/5-5 will be drilled from the Bredford Dolphin drilling facility in position 58°38’25.93’’ north 02°20’54.42’’ east in production licence 410. The dril
Seatankers Accepts Delivery of Sea Spark PSV
Ship number four of totally twelve platform supply vessels of ULSTEIN’s PX105 design, ‘Sea Spark’, was delivered from Zhejiang, Ningbo, to Seatankers Group 23rd of October, 2013. ULSTEIN delivers twelve design and equipment packages to the Chinese yard, where all the vessels for Seatankers Group wil
Fred. Olsen Production Expects Increasing FPSO Demand
Fred. Olsen Production reported its operating revenues in Q3 2013 were USD 29.4 million (USD 28.4 million in Q3 2012) with an EBITDA of USD 12.3 million (USD 14.5 million). After depreciation of USD 7.2 million (USD 7.1 million) the operating profit (EBIT) was USD 5.1 million (loss USD 7.4 million).
Kongsberg Expands Offshore Engine Room Training Scope
Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available, while the DE66 Drill Ship model, simulat
Baker Hughes to Help Petronas Boost Oil Production (Malaysia)
Baker Hughes today announced that PETRONAS Carigali Sdn. Bhd. (PCSB) has entered into a long-term Oilfield Service Agreement (OFSA) with Baker Hughes to enhance the recoverable reserves and production of hydrocarbons in the Greater D18 fields, offshore Malaysia. The 23-year agreement is the result o
Fairmount Delivers Ocean Valiant Rig from Cameroon to Canary Islands
Fairmount Marine’s tug Fairmount Summit has delivered rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit has towed the rig from offshore Cameroon over a distance of almost 3,000 miles. The Ocean Valiant is a semi-submersible drilling rig owned by Diamond Offshore Dr
Encana CEO: Cost Improvement Initiatives Showing Results
Encana Corporation recorded a second consecutive profitable quarter with third quarter 2013 net earnings of $188 million or $0.25 per share, cash flow of $660 million or $0.89 per share and operating earnings of $150 million or $0.20 per share. Year to date, the Company has generated net earnings of
‘Sevan Louisiana’ Rig Delivered
Sevan Drilling has today, 23 October 2013, taken delivery of Sevan Louisiana from Cosco Quidong Shipyard in China. Sevan Louisiana is Sevan Drilling’s third deep water drilling rig and will start the transit to the US Gulf of Mexico It is expected that the rig will start operation for LLOG Bluewater
Lukoil Completes Savannah Well Drilling (Sierra Leone)
LUKOIL Overseas, operator of international upstream projects and a 100% subsidiary of LUKOIL, completed drilling of the first exploration well on Savannah structure (SL-5-11 deepwater block) offshore Sierra Leone. The well depth is more than 4,700 m, water depth at the drilling site exceeds 2,000 m.
CNOOC Makes Oil Discovery in Bohai Bay
CNOOC Limited announced the company recently made a mid-sized new exploration discovery Luda 5-2 North and successfully appraised the mid-sized oil and gas structure Kenli 9-5/9-6. Luda 5-2 North is located in the Liaodong Bay of Bohai, with average water depth of 31 meters. The discovery wells of L
VIDEO: Anadarko Installs Lucius Spar
Anadarko’s Lucius spar facility was installed in the deepwater Gulf of Mexico’s Keathley Canyon Block 875, offshore Corpus Christi, Texas. The 80,000-barrel-per-day facility will produce oil and natural gas resources from deepwater fields located in more than 7,100 feet of water depth. This video il
DONG Energy Reaches 100,000 Boepd Milestone (Denmark)
DONG Energy, Denmark’s largest energy company, now sends more than 100,000 barrels of oil and gas to shore each day from the North Sea and the Norwegian sea on a daily basis. A milestone has been achieved. DONG Energy now extracts more than 100.000 barrels of oil equivalents – oil and gas converted
FMC Technologies CEO Expects Margins to Improve
FMC Technologies, Inc. has reported third quarter 2013 revenue of $1.7 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were $0.49 compared to $0.41 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjus
Saab Seaeye Revives ‘Sea Owl’ ROV
The first 360° ROV to work in any orientation – even upside down – has been re-launched by Saab Seaeye. The Sea Owl concept, successfully introduced by Saab in the 1980s, has been completely re-engineered with new chassis, advanced technology content and increased work capability. Now named Sea Owl