Fossil Energy
Höegh LNG Prepares for New FSRU Projects
To prepare the Group for delivering and starting up four major FSRU projects over the next 18 months, Höegh LNG will with effect from 1 September 2013 have a new organisation in place, consisting of four main areas; technical, commercial, financial and administrative. The new group management team w
‘Jaya Privilege’ Vessel Wins Contract in Mexico
Jaya Holdings Limited, has entered into a long term charter of its first high-specification Multi-Purpose Maintenance and Accommodation Vessel (MPMAV) “Jaya Privilege”. This vessel is one in a range of sophisticated service vessels that Jaya is designing and building for its target markets. Jaya Pri
Costain: Greater Stella Area Subsea Structures Completed
Costain Upstream’s project management and development engineering specialist EPC Offshore (EPC) has successfully marked a major milestone in Ithaca Energy’s Greater Area Stella development with the load out of the subsea structures completed on time and within budget. The Stella drill centre manifol
Kongsberg Revenues on the Rise
KONGSBERG is reporting operating revenues in Q2 2013 of MNOK 4 097, up 4.2 per cent year-on-year. EBITDA came to MNOK 513 in Q2, compared with MNOK 525 in Q2 2012. KONGSBERG’s earnings per share (EPS) came to NOK 2.38 in Q2, compared with 2.57 during the same months last year. The Group had an [&hel
Allied Still Waits for ‘Sedneth 701’ Rig. Oyo Well Drilling Put Off (Nigeria)
Allied Energy Plc (“Allied”), the operator of OMLs 120 and 121 in Nigeria, is awaiting the arrival of the Sedneth 701 semi-submersible drilling rig in order to commence drilling of the Oyo well #7. Transfer of the rig, pursuant to a Deed of Assignment with Transocean Ltd. and Nigerian Petroleum Deve
Norwegian Oil & Gas Production In July Up 15 Pct
The Norwegian Petroleum Directorate has announced that preliminary production figures for July 2013 indicate an average daily production of about 1 959 000 barrels of oil, NGL and condensate. This is 251 000 barrels per day (about 15 percent) more than in June 2013. Total gas sales were about 9.2 bi
Malaysia Marine Heavy Engineering Quarterly Profit Drops
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced results for 2Q 2013 and six months ended 30 June 2013. The group’s quarterly profit was RM 47,9 million (USD 14.6 million), a drop compared to the 2Q 2013 when the company earned RM 55,5 million (USD 17 million) For the six mo
Subsea 7 Income Hit By Guara-Lula Cost Overruns
Subsea 7 S.A. announced today results for the second quarter and first half 2013 which ended on 30 June 2013. The company reported a net loss of $13 million, compared to a net profit of $411 million in Q2 2012. Half-yearly net income was $119 million, a decrease of $386 million or 76% compared to [&
Halliburton to Help Gazprom Neft Boost Oil Production
Halliburton has entered into an agreement of cooperation with Gazprom Neft for the introduction of new technologies to improve operational efficiency in Gazprom Neft fields. “The strategic objective of Gazprom Neft is to increase hydrocarbon production to 100 million tons of oil equivalent by 2020.
SOCAR, Rosneft to Cooperate in Upstream Projects
On August 13, 2013 Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President
Wintershall Kicks Off Drilling Campaign in PL457 (Norway)
Bridge Energy, an oil and gas exploration and production company, has announced that the exploration drilling campaign in the Wintershall-operated PL 457, covering wells targeting the Amol and the Asha East prospects, has kicked off, with the wells being located on the Utsira High and Gudrun Terrace
Awilco Secures $424 Mln Drilling Contract for ‘WilPhoenix’ Rig
Awilco Drilling PL has signed a contract contract with Apache North Sea Limited and TAQA Bratani Limited for the provision of WilPhoenix semi-submersible drilling rig. The contract is for a 3 year firm term commitment plus up to a further 27 months of options. It is expected to start in the second h
Jan De Nul Orders Multi-Purpose Vessel in Croatia
Last week, Jan De Nul Group has ordered a new vessel at the Uljanik Shipyard in Pula, Croatia. The vessel with a deadweight of 10,500 tonnes and a total length of 138 m will be a multipurpose vessel. It will be a trenching and offshore support vessel, a subsea rock installation vessel and a cable [&
Heerema Completes ‘Golden Eagle’ Jackets Construction
Heerema Fabrication Group’s Vlissingen fabrication yard has completed the fabrication of two jackets for the Golden Eagle Development project of Nexen Petroleum UK Ltd. With the departure of Nexen’s 6,400 tons PUQ (Production Utilities Quarters) jacket from the Heerema Vlissingen facility at the end