Fossil Energy
Statoil Orders Two Jack-Ups Worth $1.3 Bln from Samsung
Statoil, a Norwegian oil and gas exploration and production company, has placed an order for two jack-up rigs to be built in South Korea. The news was revealed by Samsung Heavy Industries, which, in its filing to the Korea Stock Exchange, said that the value of the contract was approximately $1.3 bi
ConocoPhillips Encounters Well Control Issues at Proteus Well (Australia)
Karoon Gas Australia today announced that at 06:00 WST on the 11th of June preparations were being made to commence scheduled BOP testing at the ConocoPhillips-operated Proteus-1 prospect offshore W. Australia. Since the last update the sidetrack section, named Proteus‐1ST1,was successfully kicked o
Statoil’s BoD Members Re-Elected (Norway)
In a meeting in the Corporate Assembly of Statoil ASA, Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board of directors. Børge Brende, Bjørn Tore Godal, Maria Johanna Oudeman and Jakob Stausholm are re-elected as shareholder representatives to the board. Cath
Halliburton to Open New Technology Center in Rio de Janeiro, Brazil
Halliburton announced the opening of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The center provides the setting for collaboration as the Company works with the country’s leading universities and cus
Jaya to Sell AHTS to Atlantic Towing Limited
Leading offshore energy services provider, Jaya Holdings Limited, announces it has reached an agreement to sell a second new state-of-the-art anchor handling tug supply vessel Jaya Sovereign to Canadian buyers, Atlantic Towing Limited. The vessel’s delivery is expected by the end of 2013. The Jaya S
Xcite Energy, AMEC to Start Bentley Field FEED
Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has entered into a Memorandum of Understanding (“MOU”) with AMEC Group Limited (“AMEC”) setting out commercial principles for future cooperation to support the development of the Bentley Field. XER and AMEC will
Rosneft, ExxonMobil to Establish Joint Arctic Research Center (Russia)
Rosneft and ExxonMobil yesterday signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide. Formally named the Arctic Research and Design Center for Continental Shelf Develop
Emerson Secures Gorgon Project Valves Contract (Australia)
Emerson Process Management, a business of Emerson , has been awarded contracts by Chevron Australia Pty Ltd. that are valued at US$67 million to provide control valves and valve actuators to help ensure the efficient and safe flow of natural gas at the Gorgon Project, one of the world’s largest natu
Statoil Awards Gina Krog Contract to Floatel
Statoil Petroleum AS has awarded a contract to Floatel International for provision of an accommodation and construction support vessel for the Gina Krog Field Development project. The Gina Krog field, formerly known as Dagny, is situated on the Norwegian Continental Shelf, approximately 250 kilomete
Atlantic Offshore Orders FSV from Zamakona Yards in Spain
Atlantic Offshore has ordered a new vessel valued EUR 25 million from the Spanish shipyard Zamakona Yards in Bilbao. The ship is the ninth newbuilding and the company expects that there will be more new vessel in the fleet over the next few years. This is the third time the Bilbao based shipyard con
Encana Names New President and CEO (Canada)
Canadian oil and gas company Encana announced today that its Board of Directors has appointed Doug Suttles as its President & Chief Executive Officer and a director of the company. Doug Suttles is a seasoned executive, with 30 years of oil and gas leadership experience. He has led oil and gas busine
Lukoil Buys Into Exploration Block Offshore Cote d’Ivoire
Russian private oil and gas company LUKOIL has acquired a 65% share interest in the exploration, development and production project on block CI-504 offshore the Republic of Cote d’Ivoire in the Gulf of Guinea. The share in the project was acquired from a private Nigerian company, Taleveras Energy, w
Foster Wheeler Buys Ingen Ideas (UK)
Foster Wheeler AG announced today that it has acquired Ingen Ideas (“Ingen”), a privately held upstream consultancy company located in Aberdeen, UK. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments cov
Middle East Energy Sector Vulnerable to Cyber Attacks
More than elsewhere, the energy sector in the Middle East is vulnerable to cyber-attacks, DNV KEMA has announced today. Although governments and companies have raised concern, the awareness in the region for cyber threats is insufficient in relation to the technology developments and the level of im