Fossil Energy
BP: New Valhall Platform Produces Oil (Norway)
BP today announced the successful start-up of oil production from new facilities at the Valhall field in the southern part of the Norwegian North Sea. Production started on 26 January. “The Valhall Re-Development Project is another significant milestone for BP and is an important investment in our N
GE Oil & Gas Announces New Projects and Products
GE Oil & Gas today announced new global projects and product launches as part of its ongoing commitment to key growth regions, technology development and helping customers optimize their efficiency. The investments and projects span a range of sectors including subsea, gas compression and enhanced o
COSCO to Deliver Two PSVs to European Client in 2015
China’s COSCO (Guangdong) Shipyard Co., Ltd has announced that two shipbuilding contracts signed with a European ship owner for the construction of two PX121 Platform Supply Vessels (PSVs) have been made effective on 28 January 2013 at a value of approximately US$54 million in total. Delivery of the
Norwegian Sea Could Store 5.5 Gigatonnes of CO2
The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the Norwegian Petroleum Directorate’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year. The mapping is a follow-up on the atlas from 2011 for the Norwegian part of the North Sea
Finalists for Offshore Achievement Award Revealed (UK)
Finalists for this year’s Offshore Achievement Awards have been named today {Monday 28 January}, in an announcement which celebrates the highest performing companies and individuals within the energy industry. The 2013 awards, which were launched in October by the Society of Petroleum Engineers (SPE
CGG Days from Buying Fugro’s Geoscience Branch
CGG, a seismic data acquisition & processing company based in France, announced today that the main agreements needed to close the acquisition of Fugro’s Geoscience Division have been signed. The effective date of the closing will be January 31st, 2013, with the exception of the airborne activity an
Statoil’s Well in PL 386 Comes Up Dry (Norway)
Statoil Petroleum AS, operator of production licence 386, has completed drilling of wildcat well 6610/10-1, located in the Norwegian Sea. The well is dry. The well was drilled about 120 kilometres northwest of Sandnessjøen and about 90 kilometres northeast of the Norne field, with the West Alpha sem
CNOOC, Nexen Extend Takeover Deadline (Canada)
China’s national oil company CNOOC and Canada’s Nexen have mutually agreed to extend the deadline for CNOOC’s acquisition of the Canadian oil firm. Since additional time is required to obtain relevant regulatory approval, the deadline is now extended by 30 days, until March 2, 2013. According to a p
Top News of the Week of Jan 21 – 26, 2013
Top News of the Week of Jan 19 – 26, 2013
Keppel Delivers New Rig for Indian Offshore Market
Singapore’s rig builder Keppel FELS Limited (Keppel FELS) is delivering its first rig of 2013 to Vision Drilling Pte Ltd (Vision Drilling), a wholly owned subsidiary of Cyprus based Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling). The KFELS B Class jackup rig, Dynamic Vision, will be V
VIDEO: Installation of ROV Deck on Semi-Submersible Rig
Check out this video in which Harris Pye installs new ROV deck on Seadrill’s semi submersible rig West Aquarius. Harris Pye is a rapidly expanding global organisation specialising in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas and associated onshore industr
Atlantic Offshore Expanding Fleet with New Vessel
Atlantic Offshore, a Norwegian owner of offshore support vessels is expanding its fleet with another Emergency Response Rescue Vessel. Based upon a new contract awarded by Shell UK, the company has decided to build yet another HY 820 Field Support Vessel designed in collaboration with Havyard. The n
Keppel Working to Complete 22 Newbuilds in 2013
Singapore’s largest offshore rig builder, Keppel Corporation, has announced that in 2013 it will be completing a record of 22 newbuild units. The company says it aims to deliver the newbuilds on time, on budget and safely to their customers. For the whole of 2012, Keppel Offshore & Marine secured S$
Halliburton 2012 Income Drops
Halliburton announced today that income from continuing operations for the fourth quarter of 2012 was $589 million, or $0.63 per diluted share. This compares to reported income from continuing operations for the third quarter of 2012 of $608 million, or $0.65 per diluted share. Adjusted income from