Fossil Energy
EU Parliament, Council Reach Agreement on Offshore Ops Safety
The European Parliament and the Council on Thursday reached a political agreement on the Commission’s legislative proposal on the safety of offshore oil and gas operations in the EU. Before oil and gas firms could get a licence to drill, the directive would require them to submit major hazard report
STATS Group Names Two New Directors (UK)
STATS Group has appointed two new directors as part of a strategy to double the size of the business. Carl-Petter Halvorsen has joined the pipeline engineering company as business development director while Dave Shand takes up the newly created post of chief operating officer. The dual appointments
Frade Spill: Criminal Charges Against Chevron and Transocean Dropped (Brazil)
A Brazilian judge has dismissed criminal lawsuits against Transocean and Chevron, filed on account of the Frade field incident that occurred in November, 2011, Reuters has reported. The Swiss-based drilling contractor Transocean, and the U.S.-based oil company Chevron sent e-mails to the news agency
Sembcorp Reports 28 Pct Lower Income in 2012 (Singapore)
Sembcorp Marine recorded a full year net profit of $538 million amid challenging operating environment in 2012. Earnings per share for the Group were 25.8 cents while Return on equity was 22.2%. Group net profit at $538 million in 2012 was 28% lower as compared with $752 million a year ago. On a qua
Maersk Presents Its Drilling Simulator (VIDEO)
In the wake of the Macondo accident in 2010, Maersk Drilling and Maersk Training established a task force to determine how to build further on the solid foundation of IWCF and take training of the offshore crews to the next level. A very visible outcome of this work is the highly advanced drilling s
Merkel: German-Norwegian Energy Relations to Be Expanded
Norway’s role as one of Germany’s most important energy supplier is to be further reinforced, as advocated by Federal Chancellor Angela Merkel during a state visit to Oslo on Wednesday. “It is my firm conviction that Norway will also play a role in future as an important pillar of the German gas sup
PetroChina Buys Into ConocoPhillips’ Australian Assets
ConocoPhillips has entered into a set of agreements with PetroChina Company Ltd. (PetroChina) whereby PetroChina will acquire an interest in two Western Australia exploration assets and establish a Joint Study Agreement (JSA) for unconventional resource development in Sichuan Basin in China. Under t
Flexlife Thrilled with Progression of Its Newcastle Office
Flexlife, a specialist provider of flexible pipe technologies and engineering services, has seen successful growth at its Newcastle base since opening 18 months ago. The office has grown from three to 24 employees with turnover in excess of £1.5 million. Andy Lake, appointed to head up the office as
Atlantic Petroleum, Iona Sanction Orlando Development (UK)
Atlantic Petroleum today announces the completion of the acquisition of 25% working interest in the Orlando and Kells discoveries (P.1606 and P.1607) entered into and announced 13th December 2012. Atlantic Petroleum has through its fully owned subsidiary Volantis Exploration Limited committed to pro
AOG Day 2: Hon Peter Chandler Pays a Visit (Australia)
The Australiasian Oil and Gas Exhibition and Conference, Australia’s largest oil and gas event, is underway at Perth Convention and Exhibition Centre from 20-22 February 2013. Here are the impressions from day two, as described on the event’s official blog: “The doors are just about to close here at
Fastnet Enters Farm-In Deal for Acreage Off Ireland
Fastnet, an exploration and production company focused on near term exploration acreage in the Celtic Sea, has executed an exclusive option agreement with Kinsale Energy, a wholly owned subsidiary of Malaysia’s PETRONAS, to farm into the “Deep Kinsale Prospect” from 4,000 feet subsea below the produ
PSA Norway Issues Safety Alert to Owners of GE’s Faulty Connectors
The Petroleum Safety Authority Norway (PSA) today notified all owners and users of H-4 risers and wellhead connectors about a safety alert from GE Oil & Gas related to the equipment. The PSA has learned of an incident in January 2013 in the Gulf of Mexico, where the lower part of an H-4 connector in
BHP Billiton CEO Retires
BHP Billiton, an Anglo–Australian multinational mining and petroleum company, yesterday announced that Marius Kloppers will retire as Chief Executive Officer and a Director of the company on 10 May, 2013 and that Andrew Mackenzie, will succeed him and join the Board on that date. Marius will retire
Far Solitaire Wins ‘Support Vessel of the Year’ Award at OSJ Conference
Far Solitaire, a Platform Supply Vessel owned by Farstad, a Norwegian shipping company, has won the prestigious Support Vessel of the year at The Annual Offshore Support Journal Conference in London. The award goes to the owner, designer and builder of an offshore support vessel delivered in the pas