Fossil Energy
Statoil Orders Flexible Risers from Technip
Technip has been awarded a contract by Statoil to fabricate and supply flexible risers for several fields on the Norwegian Continental Shelf. The contract also includes options for further risers and flowlines. These flexible pipes will be used to renew the flexible pipe based infrastructure on Stat
OGX Appoints New CFO & IRO (Brazil)
Brazil’s oil company OGX Petróleo e Gás Participações S.A. has announced that its Board of Directors has approved the appointment of Paulo Narcélio Simões Amaral , for the position of Chief Financial Officer and Investor Relations Officer of OGX. Paulo Amaral used to work as Chief Financial Officer
Aibel: Troll Project at Peak of Construction Period
The Troll project is now at the peak of its construction period, Norwegian company Aibel said today. Around 850 Aibel employees and subcontract personnel are working on the new modules that will increase the lifetime of the Troll field. Friday saw the last major lifting effort in Thailand. Section 5
ION: NarwhalTM to Improve E&P Efficiency in Icy Conditions
ION Geophysical Corporation today announced the launch of NarwhalTM, the first fully integrated ice management system designed to reduce risk and improve efficiency in seismic data acquisition and drilling operations in or near ice, such as in the Arctic. The Arctic contains an estimated 25% of the
Diamond Offshore: OGX Owes Us $36 Million
Diamond Offshore Drilling Inc, a Houston based drilling contractor, is having difficulties with collecting cash from Brazilian oil company OGX. According to a drilling report issued by Diamond Offshore last week, the company has informed OGX that it is “delinquent in its payment obligations under th
‘Blue Protector’ PSV Enters North Sea Spot Market
The platform supply vessel ‘Blue Protector’ was delivered from Ulstein Verft on 23 September 2013. The vessel is owned by Blue Ship Invest and managed by Atlantic Offshore. The vessel is going to the spot market in the North Sea. ‘Blue Protector’ is the final newbuild in a series of six platform sup
Vantage: ‘Tungsten Explorer’ Starts Drilling. ‘Palladium Explorer’ Cancelled?
Vantage Drilling Company announced today that the ultra-deepwater drillship, Tungsten Explorer, commenced initial operations in Southeast Asia on the morning of September 20, 2013. Vantage also announced that the Sapphire Driller has received a Letter of Intent for an eighteen month contract plus op
YHM Shares Rise on Semi-Submersible Rig Deal (Singapore)
YHM Group Limited, a company owned by Singapore’s Ezion Holdings, has secured a contract valued up to approximately USD183 million. Under the 3-year contract with an additional 2 year extendable option, YHM will provide a semi-submersible rig a Southeast Asian based national oil company (NOC). The u
Offshore Solutions Provides Walk-to-Work System for Maersk Oil FPSO
Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, has signed a North Sea contract with Maersk Oil UK to provide marine access support to the floating production, storage and offloading (FPSO) unit Global Producer III. Located 185 miles north east of Aberdeen, Scot
Aubin Expands Offices to Middle East
Offshore chemical engineering specialist Aubin has grown its presence in the Middle East, projecting nearly £3million worth of sales in the region this year as well as the introduction of local manufacturing. The Aberdeenshire-based company specialises in chemical solutions for the oil and gas indus
Oyster Petroleum Confirms West of Shetland Farm-In Deal
Oyster Petroleum Ltd, a new exploration and production company focused on the UKCS, has confirmed the acquisition of a package of licence interests located in the West of Shetlands basin from Ithaca Energy (UK) Limited (‘Ithaca’). The transaction will see Oyster acquire a 9% interest in UK licences
Logitel Offshore Takes $9 Mln Loan from Sevan Marine
Sevan Marine and Logitel Offshore have entered into an agreement pursuant to which Sevan Marine will provide a new USD 9 million convertible loan to Logitel Offshore. The terms and conditions will be the same as under the existing USD 51 convertible bond agreement, which will be amended and increase
Total’s CEO Presents Company Objectives
Christophe de Margerie, Chairman and CEO of Total, is presenting to the financial community the company’s outlook and objectives for the coming years as well as the social and environmental strategy of the Group. The event is webcast and the presentation is available on the website www.total.com. Th
Drydocks World to Upgrade NDC Offshore Rigs (UAE)
Within its efforts to promote its prominence as a comprehensive turnkey provider of drilling and oilfield services, National Drilling Company (NDC) awarded 4 major maintenance and upgrade projects to Drydocks World, one of the leading international service provider to the maritime, oil & gas sectors