Fossil Energy
Det Norske, Siemens Pen Ivar Aasen Equipment Supply LOI
Det norske oljeselskap ASA has signed a Letter of Intent for deliveries from Siemens. A final contract will comprise deliveries of a complete integrated electric power, instrumentation, controls and communication system related to the development of the platform for the Ivar Aasen field in the North
Shell Receives Well 6406/9-3 Drilling Permit
The Norwegian Petroleum Directorate (NPD) has granted A/S Norske Shell a drilling permit for well 6406/9-3, cf. Section 8 of the Resource Management Regulations. Well 6406/9-3 will be drilled from the Transocean Barents drilling facility in position 64°25’15.97″ north and 6°58’42.79″ east following
Skills Shortage Boosts Oil Industry Wages
A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600. The survey, undertaken by Oilandgaspeople.com, the world’s leading Oil and Gas jobs board, found that 70% of oil and gas compani
Salazar: Shell Entered Arctic Drilling Unprepared
The U.S. Interior Department Secretary Ken Salazar yesterday, March 14, announced the findings of a Departmental review of Shell’s 2012 Arctic operations, which will help guide the conduct and oversight of future Arctic exploration. In January, Secretary Salazar directed the high-level review of She
Dry Well For Lundin Off Norway
Swedish oil company Lundin Petroleum completed the drilling of exploration well 16/1-17 in PL338, offshore Norway. The well targeted the Jorvik prospect located in a separate basin directly east of the Edvard Grieg field. The well is dry, according to the Norwegian Petroleum Directorate. The main ob
Oil & Gas UK: Industry Adresses Skill Shortage
Oil & Gas UK’s chief executive, Malcolm Webb, has announced that, due to the forecasts of record investment in oil and gas production in the UK this year, there will be numerous job openings in the industry, therefore the industry will address the main issue which arises – skill shortage. Malcolm We
Tap Oil Secures Funds for Manora Development in Thailand
Tap Oil Limited has executed a USD $50 million field development facility for the Manora Oil Development in Thailand and a AUD $20 million corporate facility, both with the Commonwealth Bank of Australia. The USD $50 million field development facility will be used solely to fund the Manora Oil Devel
Hess Extends WilHunter Contract (UK)
Awilco Drilling PLC has signed a contract extension with Hess UK Ltd for the provision of WilHunter rig for additional work related to their 2013, 2014 and 2015 abandonment program in the Central North Sea. The contract is expected to commence in April 2013. WilHunter is one of Awilco Drilling’s two
Aker Solutions’ Subsea Cables Chosen for Exxon’s Project Off Nigeria
Norway’s Aker Solutions has signed a contract with U.S. oil giant ExxonMobil for the supply of subsea umbilicals for the Erha North phase 2 development in Nigeria. The Erha North Phase 2 development is an extension of the existing Erha subsea system and infrastructure located approximately 97 kilome
Xcite Shares Soar on Statoil Bid Speculation (UK)
Shares of Xcite Energy Ltd today jumped 3.00% on speculation that Norway’s oil giant Statoil is thinking of launching a 2 GBP per share takeover offer, Daily Mail has reported. According to Daily Mail, Statoil is interested in the company’s Bentley field. The company did not immediately reply to an
Deep Down, Inc. Secures GoM Order
Deep Down, Inc. , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project
Tullow Prepares for Drilling Offshore Mauritania. Opens Offices in Nouakchott
Tullow Oil, a UK-based oil & gas exploration and production company, has opened new offices in Mauritania. In preparation for the start of a four well exploration programme and increased operational activity, the Director of Hydrocarbon, Ahmed Salem Tekrour, joined a small number of guests to open t
EMAS’ Lewek Connector to Install Subsea Templates at Aasta Hansteen
EMAS AMC, the subsea services division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, announced today that it has won a contract from Statoil for the transport and installation of subsea templates for the Norwegian Sea’s deepe
EMAS AMC Secures Ivar Aasen Subsea Job Worth $165 Million
Singapore’s EMAS AMC, has been awarded an engineering, procurement, construction and installation (EPCI) contract, valued at approximately US$165 million, from Norway’s oil company Det norske.. Det norske is a key exploration and drilling operator on the Norwegian Continental Shelf. The contract is