Fossil Energy
Total’s Deepwater Expertise Recognized at OTC 2013
The Pazflor deep offshore development in Angola, with the world’s largest FPSO, received a Distinguished Achievement Award at the Offshore Technology Conference.
Statoil CFO: Tax Changes to Scare Off Investments
After the Norwegian government on 5 May announced a proposal to reduce the uplift in the petroleum tax system from 7.5 per cent to 5.5 per cent, Statoil, Norway’s largest oil company issued a press release in which it estimates the impact of proposed change in Norwegian petroleum tax on the company.
BCP Spuds Malaysian Well
ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, started drilling the Bentara-3 well at 01:30 hours (Malaysian time) on 6 May 2013. Bentara-3 is the fifth well in the pre-development drilling pr
Shell Selects CHC Helicopter for Transportation Services in Africa
Shell International Exploration and Production B.V. has selected CHC Helicopter, the world’s leading offshore helicopter services provider, for a five-year, multi-million dollar contract to support Shell‘s deep-water exploration activities off the coast of Sub-Saharan Africa. The agreement, which co
add energy Buys Oracle Risk Consultants (Australia)
add energy has completed the acquisition of Oracle Risk Consultants (ORC). Oracle is a leading technical safety & risk consultancy company based in Perth, Australia, servicing the offshore oil and gas and onshore hazardous facility industries. Oracle is focused on the highly active Australian market
Tata Steel Displays Its Deepwater Pipeline Solutions at OTC 2013
Tata Steel will demonstrate its ability to deliver pipeline solutions to some of the world’s most challenging and complex projects at this year’s Offshore Technology Conference (OTC) in Houston May 6-9 2013. As global demand for key energy sources increases and the search for hydrocarbons takes the
Norwegian Gov’t to Reduce Tax Deductions for Oil & Gas Sector
The Norwegian Government on Friday, May 5, introduced a proposal to reduce the tax deduction called “uplift” in the petroleum tax system from 7.5 per cent to 5.5 per cent. The overall uplift is thereby reduced from 30 per cent to 22 per cent. The government explains that the proposal will lead to mo
MMT, Reach Subsea to Form JV
MMT Group AB (Gothenburg, Sweden) and Reach Subsea AS, an integrated Subsea Service Provider (Haugesund Norway), have signed a Letter of Intent for the purpose of establishing a new Joint Venture within Offshore Survey Operations. The Parties have for some time, together with the engineering company
Veripos Names New Chairman
Veripos Inc., a company which specializes in precise navigation and positioning solutions, announces that it has appointed Eystein Eriksrud as Chairman. The announcement was made at the Board of Directors meeting which took place directly after the Annual General Meeting, on Friday 3rd May 2013. VER
Kongsberg Evotec to Supply Back Deck for New Seismic Vessel
Kongsberg Evotec AS, a Kongsberg Maritime company, will provide the complete back deck solution for handling of up to 20 streamers simultaneously aboard a GC Rieber owned new-build seismic exploration vessel, awarded by builder Kleven. The ST324XT designed by Skipsteknisk in Ålesund, will be built a
BMT to Provide EFMS for LLOG’s Delta House Platform
LLOG Exploration has awarded a contract to BMT Scientific Marine Services Inc (BMT) to provide an Environmental and Facility Monitoring System (EFMS) for the Delta House semi-submersible project operating in the Gulf of Mexico. The EFMS monitors, logs and displays data in real-time on the local envi
Nova Scotia: Energy Ministry Working to Protect Offshore Workers
The Nova Scotia Energy Minister Charlie Parker has announced that province is moving forward with legislation to better protect Nova Scotian offshore oil and gas workers. Parker on Friday, May 3, introduced proposed amendments to the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementat
Saab Seaeye Opens Houston Office
Saab Seaeye has expanded its international presence by opening an office in Houston, Texas. The company is already the world’s largest manufacturer of electric remotely operated underwater vehicles with distributors in 26 countries and over 700 systems sold worldwide. “The move places us in an ideal
Karoon Makes Oil Discovery Offshore Brazil. Shares Jump 22 Pct
Karoon Gas Australia Ltd has made a second oil discovery in its three well Santos Basin exploration drilling campaign. The announcement of the oil discovery at its Bilby-1 well sent Karoon shares up 22% In its press release, Karron says that oil is contained within an interbedded sand and shale inte