Fossil Energy
Atlantic Petroleum Buys Stake in UK’s Orlando and Kells Fields
P/F Atlantic Petroleum has through its fully owned subsidiary Volantis Exploration Limited, entered into a definitive agreement to acquire a 25% non-operated working interest from Iona Energy Company (UK) Limited (“Iona”) in the Orlando and Kells fields. Atlantic Petroleum has agreed to pay Iona a U
Seafarer Dies in an Accident Off Aberdeen
A crew member died after the offshore support vessel VOS Sailor suffered damage following severe weather conditions in the Balmoral Field off Aberdeen, UK, yesterday morning. Eleven of the 12 crew onboard have been evacuated from the ship by Coast Guard by helicopters and have been transported to Ab
Sterling Discovers Gas Offshore Romania
Sterling Resources Ltd. has made a gas discovery following the drilling of the Eugenia-1 well drilled in the Black Sea offshore Romania. The well reached a total measured depth (“MD”) at 2,276 metres (2,248 metres subsea). The preliminary log analysis indicates a total of 22 metres of gas-bearing La
Sovcomflot Secures Loan to Pay for Two Ice-breaking Supply Vessels
OAO Sovcomflot (SCF Group) today announces that on 12 December 2012 it signed a USD 160 million, 12 year export credit facility with Finnvera plc, Finnish Export Credit Ltd. and ING BANK N.V. The funds will be used towards financing two new ice-breaking supply vessels, Vitus Bering and Aleksey Chiri
Odfjell Well Service Supports Dong Energy’s Offshore Ops in Norway
Odfjell Well Services a part of Odfjell Drilling Group, has won a contract to provide casing and tubular handling services to DONG E&P’s well operations in Norway. “We are proud to be chosen to support their well services in Norway and we will do our best to deliver safe and efficient services to th
PGS Shooting Seismic Offshore Uruguay
Petroleum Geo-Services (PGS) will start acquisition of 15,550 km² of GeoStreamer® data in four blocks in Uruguay in mid-December, 2012. The seismic vessel Ramform Vanguard will undertake this MultiClient survey, one of the largest ever in the region, which has received strong industry support. For b
Rolls-Royce to Design and Power Another China-Built PSV
Rolls-Royce, the global power systems company, will design and power an offshore vessel for as an undisclosed ship owner, who has exercised an option to build an additional Rolls-Royce platform supply vessel at Jiangsu Eastern Heavy Industries Co., Ltd. in China. The £6 million order comes in additi
Wärtsilä Launches IR Mobile Apps (Finland)
Wärtsilä, Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets, has published Investor Relations mobile applications designed for iPad, iPhone and Android devices. The applications allow investors, analysts and other users to follow W
Craig Group’s Largest PSV Launched in Spain
The largest ship ever built by The Craig Group, an S class Platform Supply Vessel (PSV) launched this week at Balenciaga Shipyard in Northern Spain. The Craig Group has committed £50M to the construction of the vessel, The Grampian Sovereign, and its sister ship, The Grampian Sceptre. Managed by The
AGR Targets Australian O&G Market with New Software
Global oil and gas service and technology provider AGR has launched a new logistics and materials management software programme for the oil and gas industry and has its sights set on the Australian market. The new software looks set to revolutionise logistics planning for the oil and gas industry by
OMV Hires Kan Tan IV for Drilling Offshore New Zealand
OMV has contracted the Kan Tan IV semi-submersible drilling rig to drill the Matuku-1 well in the PEP 51906 permit in the offshore Taranaki Basin in New Zealand. The drilling at the well is expected to begin in the third quarter 2013. The Kan Tan IV semi-submersible drilling unit is operated by Frig
Stork Subsea Opens New Facility in Aberdeen
Stork Technical Services Subsea, the subsea division of the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, today announces the opening of a dedicated operational hub at Stork’s UK headquarters in Aberdeen. Stork Subsea
Dolphin Bags Several North Sea Contracts
Dolphin Geophysical has been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of Dolphin’s 3D seismic vessels with a total duration in the range of 8-12 months. “These early awards with major clients improve our ea
Havila Shipping Buys Ownership Interests in Two AHTS Vessels
Havila Shipping has formally exercised its options to repurchase the ownership interests in the two AHTS vessels MV Havila Mars and MV Havila Mercury (the “AHTS”) from Havila Ariel AS, a wholly-owned subsidiary of Havila AS. The consideration is payable in cash and is based on an option price based