Fossil Energy
Aker Solutions UK Names New VP of Subsea Projects
The UK operation of international oil services group Aker Solutions has announced the appointment of a new vice president to lead greenfield projects as the company looks to expand its capabilities in the sector. Bob Shaw’s appointment is the latest in a series of new senior management appointments
BG to Boost Exploration Expenditure to $1.8 Bln Per Year
BG Group Chief Executive, Chris Finlayson will today deliver a strategy update outlining the next stage of the company’s growth. The Group’s immediate priority is execution, primarily the delivery of its 2013 milestones and the growth projects in Australia and Brazil. As detailed in the company’s fi
Statoil Farms Into BP’s Blocks Offshore Southern Australia
Norway’s oil company Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. “With this agreement we gain access to a vast, underexplored area with high-impact potential,” says Pål Haremo, senior vice president for Gl
VARD to Build LNG PSV for Simon Møkster
VARD has signed a contract with Simon Møkster Rederi for the design and construction of one Platform Supply Vessel (PSV). The vessel, of VARD’s own PSV 06 LNG design, is scheduled for delivery in 1Q 2015 from Vard Aukra in Norway. The hull will be delivered from VARD in Romania. The PSV 06 LNG is a
Marine Cybernetics to Deliver HIL Testing Software to Petrobras (VIDEO)
Press Release – Marine Cybernetics AS (MC) recently signed its first contract for delivery of HIL testing (Hardware in the Loop) to a total of 6 MODU (Mobile Drilling Units) new builds to be hired by Petrobras in Brazil. Marine Cybernetics has for many years worked actively to get into this market,
Statoil Strikes Largest Oil Column in Johan Sverdrup So Far (Norway)
The “Fault Margin” appraisal well in PL 265 on the Johan Sverdrup discovery, in the Norwegian part of the North Sea, is in the process of being completed. “Det norske oljeselskap ASA is of the opinion that the well results are very good. The result removes any uncertainty related to the reservoir qu
Pertamina Takes 15% Interest in Babar Selaru Block (Indonesia)
Japan’s Inpex has announced it has reached agreement to transfer a 15% participating interest in the Babar Selaru Block (The Block), Offshore Indonesia, to PT Pertamina Hulu Energi Babar Selaru, a subsidiary of PT Pertamina (Pertamina). This transaction is subject to the satisfaction of certain cond
Cargotec’s MacGregor Wins Crane Order for Hornbeck Offshore MPSVs
Cargotec’s MacGregor has received EUR 37 million order from Hornbeck Offshore Services Inc. to deliver four 250-tonne active heave-compensated (AHC) subsea cranes for four multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015. The order
RWE Dea Granted Drilling Permit in Norwegian Sea
The Norwegian Petroleum Directorate has granted RWE Dea Norge AS a drilling permit for well 6608/2-1 S, in the Norwegian Sea. Well 6608/2-1 S will be drilled from the Transocean Winner drilling rig. The drilling programme for well 6608/2-1 S relates to drilling of a wildcat well in production licenc
Antrim Transfers Operatorship of Skellig Block Off Ireland to Kosmos
Antrim Energy Inc., a Canada-based international exploration and production company, today announced consent has been received from the Irish Government for the transfer of interest and operatorship for its Licensing Option 11/5 (Antrim 100%) in the Porcupine Basin offshore Ireland’s west coast. The
Buccaneer Spuds Cosmo Well (Alaska)
Buccaneer Energy Limited today announced that its Cosmo # 1 well, offshore Alaska, spud at approximately midday EST on 13 May 2013 (Sydney) and is currently at 600’ drilling ahead. The Cosmopolitan Project (“Cosmo”) is located in 80’ feet of water approximately 30 miles to the north west of Homer. C
Nexus, Santos Amend Longtom Agreement (Australia)
Nexus Energy Limited today announces that it has reached a binding agreement with Santos Limited (Santos) to amend the Longtom Agreement relating to Nexus’ 100% owned Longtom gas production asset. The agreement is subject to certain conditions being satisfied or waived by 30 June 2013. These include
Pemex Awards Pipeline Contract to Subsea 7 (Mexico)
Subsea 7 S.A. today announced a contract award by Pemex to its Mexican joint venture valued at approximately $90 million. The contract comprises the engineering, fabrication and installation of an 8km pipeline, related risers, two slug catchers1 and two cantilever structures for the Line 67 Project
Offshore Vessels in Focus at Europort 2013
The offshore market remains buoyant, with exploration and production driving new fleet investment, design innovation in vessel efficiency and reduced environmental impact. Operations in more challenging offshore environments are also demanding enhanced vessel manoeuvrability, station-keeping and ove