Fossil Energy
Norway to Establish Research Centre for Arctic O&G Activities
The Research Council of Norway has decided to establish the new research and knowledge center for petroleum activities in the northern areas and the Arctic in Tromsø. The research team at the centre in Tromsø is to help find solutions to challenges relating to the extraction of petroleum resources i
Update: Island Innovator Leakage Stopped (Norway)
Odfjell Drilling has issued a press release in which it says that the leakage on Island Innovator has been plugged, and the heeling of the rig is reduced. Further work is proceeding to normalize the situation on the rig, Odfjell said. The leakage occurred through a seawater inlet to a pump room in a
Aquaterra Energy Expands in Dubai, UAE
Aquaterra Energy, the offshore engineering solutions specialist, has extended its global footprint and cemented its presence in the Middle East with the opening of a new office in Dubai. Driving the Aquaterra Energy business in this strategic region is newly appointed Sales Manager Martin Bolton, wh
Island Innovator Tilts in Hanøytangen. Workers Evacuated
Island Innovator semi-submersible rig, on a yard-stay in Hanøytangen, Norway, has been evacuated after it tilted 4 degrees, a local news site has reported. According to Bergens Tidende news portal, 63 people have been taken off the facility in a peaceful manner. Around 4 o’clock this morning, the ri
Rep. Doc Hastings Introduces Offshore Energy Bill (USA)
Doc Hastings, the U.S. Representative for Washington’s 4th congressional district and the House Natural Resources Committee Chairman, released draft legislation to expand U.S. offshore energy production in order to create new American jobs, lower energy prices, grow the economy, and strengthen natio
Apache Changes Drilling Bit at Taunton Well (Australia)
Tap Oil Limited provides the following update of the Apache-operated Taunton-5/5H appraisal well at the Taunton oil field, offshore Australia: During the period 0600 hours (AWST) on 24 May 2013 to 0600 (AWST) on 31 May 2013, the Taunton-5H horizontal 8½” (244mm) hole section was drilled to a depth o
Innovation Award for Eni (Norway)
Eni Norge has won the 2013 Emergency Preparedness Award for Innovation and Development. The award was announced in Stavanger on Wednesday 29 May during the annual Emergency Preparedness Conference. Eni Norge receives the award in recognition of its leading role in the development of new survival sui
Ezra to Sell Ezion Stake (Singapore)
The board of directors of Ezra Holdings Limited announced that the Company will divest its holding of 40 million ordinary shares in Ezion Holdings Limited, a publicly – listed company on the SGX Main Board of the Singapore Stock Exchange via a placement that is fully underwritten by DBS Bank Ltd. Ez
Kleven Orders Subsea Crane from TTS
Norway’s TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract with a value of approx. 65 – 70 MNOK with Kleven Verft AS. This is the sixth contract with the Norwegian shipyard in the last 15 months. The contract concerns delivery of a 250 ton active heave com
Eni Starts Sale of 6.7 Pct of Galp Energia Shares
Italy’s Eni has started, through an accelerated bookbuilding procedure, the sale of 55,452,341 ordinary shares corresponding to approximately 6.7% of the share capital of Portugal’s Galp Energia SGPS S.A. The Shares will be placed with qualified institutional investors with Goldman Sachs and Medioba
Subsea 7 Wins $170 Mln Mariner Contract from Statoil
Subsea 7 S.A. has announced the award of a contract valued at approximately US$170 million from Statoil for the Mariner field, located in the UK sector of the North Sea. The contract is for the engineering, procurement, installation and construction (EPIC) of 39km of rigid flowlines and flexible ris
Xcite Energy Cancels ‘Rowan Norway’ Rig Option
Xcite Energy Resources Limited (“XER”), has cancelled its option for a jack-up drilling unit from British American Offshore Limited, a subsidiary of Rowan Companies, Inc. The rig contract was initially entered into in February 2011 and subsequently amended in February 2012 ahead of the pre-productio
Shell UK Charters World’s Most Environmentally Friendly PSV
Østensjø Rederi today announced it has been awarded a 5-year contract for Edda Ferd PSV by Shell UK. The company already has two PSVs, Edda Fram and Edda Frende, working for Shell UK. The company already has two PSVs, Edda Fram and Edda Frende, working for Shell UK. Now a third one will be added. [&
Oil & Gas UK Expands Board of Directors
Terry Savage, corporate relationship director of Global Energy Group, a leading service and contracting company which provides a range of services associated with the construction and maintenance of critical assets in the energy sector and owns one of the largest dry docks in Europe, is to join the