Fossil Energy
Largest Heavy Transport Vessel for Largest Offshore Platform Hull
The Dockwise Vanguard, the world’s largest semisubmersible Heavy Transport Vessel (HTV) to date, safely completed its first ever float-on operation earlier this week. The vessel, loaded with the World’s largest semisubmersible offshore platform hull, the Jack/St. Malo, is now on her maiden voyage ca
Lebanon Launches Pre-Qualification Phase for 1st Offshore Licensing Round
Lebanon government today announced the opening of the pre-qualification phase of companies for the First Offshore Licensing Round. Companies interested in participating in the licensing of petroleum activities in the Lebanese waters, are expected to submit their offers in a sealed package by 28 Marc
Future Energy Among Top Issues for Australians, Shell’s Research Reveals
Research commissioned by Shell Australia has found that future energy (71%)#, living costs (78%)# and the public health system (79%)# are the most important issues facing Australians in 2013. Shell Scenarios suggest that the global population is expected to grow from 7 billion today to 9 billion by
Saipem Scoops Ivar Aasen Jacket Job
Det norske oljeselskap ASA has awarded Italy’s Saipem the contract for supply of the steel jacket for the Ivar Aasen platform. The contract is worth NOK 709 million. The steel jacket will be constructed in Arbatax, located on Sardinia. The height of the jacket, to be installed at a water depth of 11
Vantage Drilling Reports 4Q Net Loss of $11.5 Mln
Vantage Drilling, a Cayman Islands exempted offshore drilling contractor reports a net loss for the three months ended December 31, 2012 of $11.5 million or ($0.04) per diluted share excluding approximately $122.1 million of charges for the early retirement of debt, as compared to a net loss of $9.3
Oil & Gas UK: Cash Prize for Innovation in Offshore Oil Leaks Prevention
The general secretary of the Scottish Trades Union Congress (STUC), Grahame Smith, will give the keynote address at this year’s UK Oil and Gas Industry Safety Awards. He will address a gathering of hundreds of the oil and gas industry’s most enthusiastic champions for offshore safety at a ceremony o
UK Gives Nod to Statoil’s Mariner Development Plans
The UK government’s Department of Energy and Climate Change (DECC) today announced their approval of the Field Development Plan (FDP) put forward by Statoil and its co-venturers for the Mariner heavy oil field. The project entails investments of more than USD 7 billion and is the largest new offshor
Norway Launches Licensing Round for Mature Areas
Today, the Ministry of Petroleum and Energy is announcing this year’s licensing round for mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA) 2013. The aim is to award new production licences in the announced areas at the beginning of 2014. “I am very pleased to announ
Transocean Wins $530 Mln Worth of Drilling Contracts
Transocean, a Switzerland-based international offshore drilling contractor, has announced it has secured new drilling contracts and extensions worth approximately $530 million. In its fleet status report, issued Thursday, the drilling contractor revealed it has been awarded new deals for its rigs Se
API: US Governors Support Energy Development in Atlantic Shelf
API President and CEO Jack Gerard welcomed the release of a letter from the governors of North Carolina, South Carolina and Virginia urging Interior Secretary nominee Sally Jewell to support energy development in the Atlantic Outer Continental Shelf. “I commend the governors for their vision and lea
Rep. Markey Against CNOOC’s Royalty-Free Drilling in US
The Committee on Foreign Investment in the United States’ (CFIUS), on February 12, approved the China National Offshore Oil Corporation (CNOOC) takeover of Nexen Inc., which could potentially include Nexen’s royalty-free drilling operations in the Gulf of Mexico as part of the deal. In response to t
Cyrus, Harris Pye to Cooperate on Engineering Projects
Top Welsh 100 companies Harris Pye Group and Cyrus-RW Group announced this week that they have formed an alliance to co-operate on engineering projects throughout the world. Cyrus and Harris Pye will work together to secure and fulfil marine, offshore and power contracts, from large steel installati
Guyana Issues Two Exploration Licences to CGX
CGX Energy Inc. has announced that the Government of Guyana has issued two new petroleum prospecting licenses, one to CGX Resources Inc., a wholly owned subsidiary of CGX and one to ON Energy Inc. (“ON Energy”), a 62% owned subsidiary of CGX, both effective as of February 12, 2013 and renewable afte
Havila Wins Charter Deals Worth $180 Million
Norway’s Havila Shipping ASA has entered into a long term charter contract with Deepocean for the 2009 built Subsea vessel Havila Phoenix. The contract, scheduled to start in Q1 2014, is for a firm period of 7 years with 4 optional periods each of 1 year. The contract includes an agreement about som