Fossil Energy
GE Equips Hornbeck’s Vessels with DP Technology
Imagine holding a 100-meter long, subsea construction vessel in position as it lowers with its 250-ton crane, heavy subsea modules to the seabed. GE’s Power Conversion takes the guess work out of complex dynamic positioning (DP) operations with its advanced human-machine interface (HMI) and returns
NDM to Supply Deck Machinery for Two PLSVs
NDM announces that they have signed new contracts with VARD Group for supply of deck machinery for two (2) Pipe Lay Support Vessels (PLSVs) of VARD 3 16 design. The vessels will be built by VARD Promar in Brasil and delivered to DOF/Technip in Q4 2016 (EP09) and Q2 2017 (EP10). NDM will supply the [
Norwegian Petroleum Industry Makes NOK 344 Bln
In the National Budget 2014, the Norwegian State’s net cash flow from the petroleum industry is estimated at almost NOK 344 billion in 2013. Taxes account for NOK 207 billion of this amount, while the State’s Direct Financial Interest (SDØE) contributes approximately NOK 123 billion. The remainder,
8,500 Visitors Expected at Offshore Energy 2013
Everything is falling into place at the exhibition floor of the 6th edition of the Offshore Energy event in Amsterdam, the Netherlands, as the exhibitors put the final touches on their stands. Over 500 offshore companies will be showcasing their latest developments and products in three exhibition h
Hertel UK Offshore Division Secures USD 19.1 Mln Worth of Contracts
Hertel’s UK Offshore division has secured new contracts worth £12 million (USD 19.1 million) in the last six weeks in spite of growing pressure from overseas competition. This influx of new business incorporates Hertel Offshore’s complete range of services from FEED and new build accommodation with
Aquaterra Energy Expands Its Team (Norway)
Aquaterra Energy has confirmed its position as a leading offshore engineering solutions provider for drilling challenges off Norway with the opening of a new office in Stavanger. Newly appointed Sales Manager Arne Harald Egge will be driving the Aquaterra Energy business in Norway and his appointmen
NADL, Seadrill Make Progress in Partnership Discussion
North Atlantic Drilling Ltd. (NADL) and Seadrill Limited announced on August 15, 2013 that the companies were actively engaged in specific discussions with the potential to bring in a strategic partner as a major owner in NADL. The parties have made solid progress in these discussions but have not y
Husky to Access More Oil from South White Rose (Canada)
Husky Energy’s disclosure in its June 5, 2013 press release of 20 million barrels of oil from the South White Rose extension is of estimated reserves comprised of 16.8 million barrels of probable reserves and 3.1 million barrels of possible reserves as of December 31, 2012. The development plan amen
Production Starts from Breagh Gas Field (UK)
RWE Dea UK has started gas production from the Breagh gas field located in the UK Southern North Sea. The first three wells brought into production had an initial total flow rate of 2.75 million cubic metres of gas per day. Total reserves of the Breagh field are estimated at approximately 19.8 billi
Safe Lancia Gets Contract Extension
Cotemar group has confirmed that Safe Lancia has been awarded a contract extension through to 15 December 2013 with unchanged day rates. Prosafe is the world’s leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was
Meta Reaches Platt’s Global Energy Awards Finals (USA)
Aberdeen based premium downhole isolation company Meta, has reached the finals of the esteemed Platt’s Global Energy Awards. Chosen from a list of over 200 nominations, the firm’s patented Metalmorphology technology has been shortlisted for the Leading Technology category where it will battle agains
Petrobras CEO Ranked Most Powerful Female Executive in the World
For the second year running Petrobras CEO, Maria das Graças Silva Foster, is ranked by the American magazine Fortune the most powerful female executive in the world, among an international list of business women from various industries. Graça Foster has topped the listings for female executives outs
Songa Offshore Names New COO
Songa Offshore SE strengthens its Management Team with the Appointment of Mark Bessell to the position of COO. Bessell will report to CEO Bjornar Iversen and will start in his new position 21st October 2013. “I have been working closely with the Board of Directors to create what we believe to be the
Seadrill Limited Sells T-16 Tender Rig to Seadrill Partners
Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire t