Fossil Energy
Exceed Expands to New Markets (UK)
Deepwater drilling and performance improvement specialist Exceed is exhibiting at Offshore Europe (stand 3D210) and announcing significant growth along with international expansion into new markets. The Aberdeen-based company has established new companies in Canada and Ghana on the back of recent co
Vroon Orders Two More PSVs at COSCO (China)
With the order of two additional platform-supply vessels (PSV) at COSCO Guangdong Shipyard now confirmed, Vroon currently has ten PSVs under construction in China: – four PSVs with 850 m2 deck space and 4,200 DWT, PX121-type, to be built in Guangdong; – six PSVs with 710 m2 deck space and 3,980 DWT,
AGR: Expert Rig Sourcing Team Already Proving Its Worth
A team set up recently by AGR to tackle the problem of sourcing rigs in an exceptionally tight market is already proving its worth. The global oil and gas service provider took the unusual step of establishing the dedicated unit earlier this year to ensure it was able to ecure the best available rig
SOCAR Continues Cleaning Works at Bulla-Deniz Field
Works on rectifying the consequences of the accident that took place at platform #90 the Bulla-Deniz field were continued on August 30. As a result of cleaning works, about 45 percent of drilling equipment was dismantled and transported to land. All the measures are continued in accordance with the
Rock Placement to Commence at Corrib Field
The Department of Transport, Tourism and Sport has been advised that Rock Placement works will commence along the pipeline/umbilical route at the Corrib field offshore Ireland. Work will commence in mid-September 2013 and is expected to be completed within three weeks. The subsea rock installation a
VARD to Design and Construct New PSV for Carlotta Offshore
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured a new contract for the design and construction of one Platform Supply Vessel for Carlotta Offshore Ltd., a newly established player in the offshore su
Iran Oil Minister Calls for South Pars Completion
Iranian Oil Minister Bijan Namdar Zanganeh has called for allocating as capital and equipment as necessary to complete the development of the South Pars gas field in the shortest possible time. He has emphasized that the priority should be placed on phases 12, 15, 16, 17, and 18 of the gas field, th
Penspen Appoints New CEO
The Penspen Group announced the appointment of Peter O’Sullivan as Group CEO effective today. Peter is a seasoned business leader with a strong track record in the oil and gas industry. He joins Penspen after 7 years as Chief Operating Officer at Caithness Petroleum where he was responsible for the
Seabird to Buy Hawk Explorer for USD 6.5 Mln
SeaBird Exploration Plc announced that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term 31 August 2
Wartsila to Supply Design of New LNG Powered PSV
Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded the contract to supply the design and an integrated solution for a new large platform supply vessel (PSV). The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore, the Norwa
Chariot Blocks Offshore Brazil Approved by ANP
Chariot Oil & Gas Limited, the Atlantic margin focused oil and gas exploration company, announced that the Brazilian National Agency of Petroleum, Natural Gas and Biofuel (ANP) has approved and signed the concession agreement for Chariot’s 100% interest and operatorship in licences BAR-M-292, BAR-M-
Tullow Drills Duster Offshore Mozambique
Tullow Oil plc (Tullow) announces that the Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned. The Buzio-1 well is the second deepwater exploration well drilled in Area 2 and targ
Chevron Starts Auction of Royalty Interest
TEL Offshore Trust announced that Chevron U.S.A. Inc., as the managing general partner of the TEL Offshore Trust Partnership, has commenced a formal auction process for the sale by the Partnership of its overriding royalty interest, or “Royalty,” equivalent to a 20% net profits interest, in certain
Absoft, Ross Offshore Team Up to Improve Drilling Processes
Leading independent SAP consultancy and software provider Absoft has secured a deal to support Norway-based drilling consultancy and project management services firm Ross Offshore AS to develop systems which improve efficiencies in drilling and completion projects by 60%. Ross Offshore AS and Absoft