Fossil Energy
API: Oil and Gas Are Pillars of U.S. Economic Strength
API has welcomed a report from the U.S. Energy Information Administration (EIA), the independent statistics arm of the Department of Energy, revealing that the oil and natural gas industry created jobs 40 times faster than the broader economy from 2007 to 2012. The EIA also explained that, despite t
‘Northern Explorer’ Seismic Vessel Heading Toward the Mediterranean
SeaBird Exploration Plc has announced announce that the Northern Explorer seismic acquisition vessel has been awarded a contract in the Mediterranean. The contract has an estimated duration of 150 days, including mobilization from South Africa, and a value of approximately USD 10.5 million. SeaBird
Sparrows Turnover Reaches £188 Mln
Sparrows, a company specialising in offshore lifting and mechanical handling services, has announced an excellent trading year in 2012 with increases in both profits and turnover. Earnings at the Aberdeen head-quartered company before interest, tax, depreciation and amortisation (EBITDA) were £20.8
Ferguson Group: International Sales Grow
The Ferguson Group, global specialists in the provision of offshore DNV 2.7-1/EN12079 containers and accommodation solutions, has posted its 2012 results, which show continuing growth, with worldwide sales increasing by over 10% to £57.6m and pre tax profits up to £16.2m from £15.6m in 2011. Comment
Reftrade UK Names New General Manager
Aberdeen based, Reftrade UK, a market leading specialist in the supply of cold storage solutions to the global offshore energy industry, has announced the appointment of a new general manager. Alex Cruickshank joins the company with many years of experience in the oil and gas sector, and brings over
GALLERY: ‘Bravante VI’ Platform Supply Vessel Launched
Eastern Shipbuilding Group, Inc. last week held the christening and launching of the M/V BRAVANTE VI for Boldini S.A., BRAVANTE GROUP of Brazil. This is the second vessel in a series of five. The event was held on August 5, 2013 at Eastern’s Nelson Street Facility with hundreds of Eastern’s Employee
Statoil Gets Nod to Use ‘Polar Pioneer’ Rig (Norway)
Norwegian oil company Statoil Petroleum AS (Statoil) has received consent to use the Polar Pioneer semi-submersible drilling rig. The consent, given by the Norwegian Petroleum Safety Authority, applies to permanent plugback of well 31/5-J-41 and sidetrack drilling of well 31/5-H-2 in the Troll field
Scana to Supply Steel Casting for Australian Ichthys Project
Scana Industrier ASA has through its subsidiary Scana Steel Stavanger, been awarded a new contract from Samsung Heavy Industry for delivery of steel casting intended for the Australian Ichthys project, representing a value of 36 MNOK. Including previously received orders from Samsung for the same pr
Ensco 107 Starts Cua Lo-1 Drilling (Thailand)
KrisEnergy Ltd. , an independent upstream oil and gas company, has announced that the Eni-operated Ensco 107 jack-up rig began drilling the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”) in the Gulf of Tonkin, offshore Vietnam. The Cua Lo-1 exploration well is planned to reach approxima
Spectrum to Acquire Seismic Data Offshore Croatia
Spectrum signed a contract with the Ministry of the Economy in Croatia in July 2013 for the rights to acquire Multi-Client 2D seismic data offshore Croatia. Spectrum will acquire the seismic data using Seabird and is currently mobilizing to acquire approximately 12,000 kilometres of long offset seis
Trinity to Spud Two Wells Offshore Trinidad in 4Q, 2013
Trinity, the leading independent E&P company focused on Trinidad and Tobago, has provided an update on its upcoming exploration programme. Trinity plans to spud two offshore exploration wells in the fourth quarter of 2013, one on the West coast (El Dorado) and the other on the East coast of Trinidad
Petrobras: Farfan Well Successful (Brazil)
Brazilian oil company Petrobras has announced the results of the first extension well 3-SES-176D (3-BRSA-1178D-SES), informally known as Farfan 1, located in the BM-SEAL-11 concession area, block SEAL-M-426, in the ultradeep waters of Sergipe Basin. The results obtained confirm the extent of the pre
Technip, DOF Order 4 PLSVs from Vard
The joint venture formed by Technip (50%) and DOF (50%) was awarded by Petróleo Brasileiro S.A. (Petrobras) eight contracts. These contracts cover the construction of four new pipelay support vessels (PLSVs) and operation in Brazilian waters to install flexible pipes. The combined value for Technip
Top News of The Week August 5 – 10, 2013
Top News of The Week August 5 – 10, 2013