Fossil Energy
Lukoil Transports V. Filanovsky Facilities to Caspian Sea Location
Another operation to transport one of LUKOIL’s offshore facilities built by its order for field facility development at the Vladimir Filanovsky field in the Caspian Sea was completed last week. The substructures for the living quarters module have been transported to the assembly point. Soon these s
Eni CEO Meets President of Mozambique
During the meeting, Paolo Scaroni, along with Claudio Descalzi, COO of Eni E&P, updated the President of the Republic on the progress of ongoing strategic projects.
Oil & Gas UK CEO Opens Magma Products’ Office
Oil & Gas UK chief executive, Malcolm Webb, has officially opened the new Aberdeen offices of oil and gas consultancy Magma Products. Magma, which provides specialist offshore commissioning and start-up services, has grown from a business employing six people in 2011 to one with an 85-strong team to
Sterling Resources: Breagh A05 Output Rate Lower than Expected (UK)
Sterling Resources Ltd. announces production test results for recently completed Breagh development wells A04 and A05 and resultant revised 2013 production guidance. A05 is now completed, having reached a total depth of 12,810 feet measured depth at a location 2.5 kilometres north east of the Breagh
Singapore: Kreuz 2Q Net Profit Increases 9.6 Pct
Singapore’s Kreuz Holdings Limited , an integrated subsea service provider for the oil and gas industry, today reported that the Group’s net profit increased 9.6% to US$14.6 million for the second quarter ended June 30, 2013 (“2Q2013”) on the back of higher turnover in 2Q2013. Kurush Contractor, Exe
GALLERY: Clair Ridge Jackets Installed Offshore Shetland Islands
BP and its co-venturers, ConocoPhillips, Chevron and Shell, have announced the safe installation of the Clair Ridge platform jackets, a major milestone in the Clair Ridge project. Clair Ridge is a £4.5billion investment in the second phase of development on the Clair field which lies 75km to the wes
Fine Tubes Open Houston Office. Names O&G Manager
Fine Tubes, a leading manufacturer and global distributor of precision tubes for critical applications, has announced the opening of its new facility in Houston, Texas, and the appointment of Robin Hodgson who will be heading up the new operation in the position of Oil & Gas Business Development Man
Statoil Orders Kongsberg Equipment for Polarled Gas Pipeline
Kongsberg Oil & Gas Technologies AS (KOGT), a wholly- owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tee’s, tie-in and connection systems for the Polarled gas pipeline. The vaule of the contract is NOK 380 million
Steel Cuting for Vroon’s ERRV Held in China
Today, Tuesday 13 August 2013, the steel cutting ceremony took place for Vroon’s newbuilding vessel, DN60M-4. This ERRV-FSV is the last in a series of four 60-metre Emergency Rescue and Response Vessels (ERRVs) currently on order at Fujian Southeast Shipyard in China. The vessel is due to be deliver
‘Eagle Texas’ MVC Completed (UAE)
Drydocks World, a UAE-based shipyard, announced today that the world’s first Modular Capture Vessel (MCV), Eagle Texas, sailed away from its yard. The conversion of the AFRA max tanker was carried out by Drydocks World – Dubai and was completed for Singapore based AET, a global leader in petroleum s
Flexlife Makes Two Senior Appointments
Flexlife, the subsea flexible pipes specialist, has strengthened its management organisation with two senior appointments. Simon Hounsome joins Flexlife’s Aberdeen headquarters as integrity and projects director, responsible for the policy, strategy and technical services delivered globally from the
China Set to Surpass USA as World’s Largest Oil Importer
EIA’s August 2013 Short-Term Energy Outlook (STEO) forecasts that China’s net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the world. The imminent emergence of China as the world’s la
Ithaca Energy: 2Q Net Income Grows to $52 Million
Ithaca Energy, a North Sea oil and gas operator , today announced a rise in its 2Q net profit. The profit was at $52 million, compared to $30.2 million in 2012. Half yearly earning also rose to $55.7 million, from $43.2 million in 2013. The acquisition of Valiant Petroleum plc was completed on April
ITG Orders Two PSVs in China
The ROC yard, China, will be constructing two platform supply ships of ULSTEIN’s PX121 designs for the ITG Group. The contract includes an option for two more vessels. The PX121 has become very popular among various ship-owners and investment companies, and ROC is a new yard entering the stage of co