Fossil Energy
Aibel Signs LoI for FPSO Topside Contract
Aibel has signed the Letter of Intent for the topside procurement and fabrication contract for the P-74 project with client Estaleiros do Brasil (EBR). Aibel will build a total of five modules for the P-74 FPSO with an overall weight of 4,750 tons. The Letter of Intent represents approximately 1.2 m
Unique System, Wills Ridley Partners in Marine Steering Systems Supply
Unique System FZE, a Unique Maritime Group Company (UMG), is one of the world’s leading integrated turnkey subsea and offshore solution providers, has recently signed an agency agreement with Wills Ridley Limited for the supply of marine steering systems in India, parts of the Middle East and the Af
Energy Committee Hears Testimony on Bipartisan Offshore Revenue Sharing Program (USA)
The U.S. Senate Energy and Natural Resources Committee heard testimony on bipartisan legislation by Sens. Lisa Murkowski (R-Alaska) and Mary Landrieu (D-La.) that would expand the federal revenue sharing program to ensure all energy producing states receive a fair share of the revenues they help gen
DONG Energy Discovers Gas West of Shetlands, UK
Today, DONG Energy has announced the results from two exploration wells that were drilled in the West of Shetlands at the end of 2012 and early 2013. After initial analysis, the Cragganmore exploration well is confirmed as a gas discovery and the Glenrothes well has been plugged and abandoned. The n
Petrofac Announced BoD Changes
Petrofac, the international oil and gas service provider, announces a number of changes to its Board of Directors. President and Executive Director Maroun Semaan has decided to retire at the end of the year after more than 22 years with the Company, stepping down from the Board position he has held
PSA Inspects ConocoPhillips’ Eldfisk S (Norway)
From 21 to 22 February 2013, the Petroleum Safety Authority Norway (PSA) carried out an audit of ConocoPhillips. The purpose of the audit was to follow up on how ConocoPhillips is ensuring that the safety instrumented systems on Eldfisk S will meet relevant regulatory requirements, recognised standa
Fire Breaks Out on Hercules 265 (USA)
Further to the notice of a well control incident on the jack-up drilling rig Hercules 265, the Bureau of Safety and Environmental Enforcement has announced that a fire has broken out on the mentined rig. The natural gas leaking from the well ignited at 10:50 p.m. CDT July 23, 2013. A total of 44 wor
SPEX Group Strengthens Management Team (UK)
SPEX Group, an Aberdeen-headquartered provider of innovative technology solutions and services to the global oil and gas industry, has strengthened its management team with a round of key appointments. Sylvia Halkerston joins the SPEX board of directors, following a career spanning 35 years in human
Northern Petroleum’s BoD Member Resigns Position (UK)
Northern Petroleum Plc announces that, effective yesterday, Chris Foss, Executive Director – Legal & Commercial, has left his position on the Board of Directors of the Company and other operating subsidiaries of the Group. Chris joined Northern in January 2003 and was promoted into the role of Finan
Lowestoft College’s Students to Work at Sea
One of the first students to complete Lowestoft College’s new Maritime Skills Programme has gained employment on a trial period working on offshore platform support vessels (PSVs) in the Southern North Sea gas fields while another is continuing to work for a Great Yarmouth company who owns and opera
Polarcus Activity in Northwest Europe Lower than Expected, CEO Says
Polarcus Limited announces the release of its second quarter 2013 financial statements. The Company reported the following Highlights in the second quarter 2013: – Revenues of USD 130.5 million, up 14% from Q2 2012 – EBITDA of USD 51.1 million, up 19% from Q2 2012 – EBIT of USD 26.7 million, up 22%
Enegi, Antrim to Prepare Amended FDP for UK Fyne Field
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan provides the following update on the Fyne Oil field project. Enegi, along with its Joint Venture partner ABTechnology (“ABT”), agreed with Antrim Resources (N.I
MOG Acquires 40 Pct Interest in Malta Area 3 Blocks
The Board of Mediterranean Oil & Gas Plc announces that, following the grant of approval by the Government of Malta, it has acquired through its wholly owned subsidiary Melita Exploration Company Limited, a 40% working interest in the Exploration Study Agreement relating to offshore Malta Area 3 – B
FMC Technologies Reports Strongest Quarter of Subsea Orders
FMC Technologies, Inc. reported second quarter 2013 revenue of $1.7 billion, up 14 percent from the prior-year quarter. Diluted earnings per share were $0.44 compared to $0.46 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustme