Fossil Energy
BP, Rosneft Sign SPAs for TNK-BP Transaction (Russia)
BP, Rosneft and Rosneftegaz — the state-owned parent company of Rosneft — have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment in Rosneft. BP and Rosneft agreed heads of terms for this transaction on
Statoil to Use Vigdis Facilities Beyond the Original Design Life (Norway)
Norway’s oil company Statoil has been granted consent for use of the subsea facility on Vigdis field in the North Sea, with associated risers and pipelines, beyond the original design life, up to expiry of the production licence in 2024. Vigdis is an oil field in block 34/7 in the northern part of t
Statoil’s First Fast-Track Project Comes on Stream
Statoil and partners have started up production on the Visund South oil and gas field in the North Sea. Visund South is the first of Statoil’s fast-track portfolio projects. “This is a milestone,” says Hogne Pedersen, head of field development on Visund South. “We’ve managed to carry out this projec
Gas Flows from Berantai Field, Offshore Malaysia
Malaysia’s oil company Petronas today informed that natural gas production from the Berantai Field was successfully brought on stream on 20 October 2012. The gas is currently being exported at a rate of 50 mmscfd from the field’s first three wells and is expected to achieve 80 mmscfd with the additi
PSA Grants AoC for Transocean Spitsbergen Rig (Norway)
The Petroleum Safety Authority Norway (PSA) has granted an Acknowledgement of Compliance (AoC) for the Transocean Spitsbergen semi-submersible drilling facility. On 26 October 2012, Transocean Offshore Ltd NUF received an Acknowledgement of Compliance (AoC) for the Transocean Spitsbergen drilling fa
Transocean Barents Gets AoC from PSA Norway
The Petroleum Safety Authority Norway (PSA) has granted an Acknowledgement of Compliance (AoC) for the Transocean Barents semi-submersible drilling rig.
Wärtsilä Bags Order for New Drill Units (Brazil)
Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded yet another important order as part of the ongoing Brazilian programme to build a number of drill units (DRUs) to serve its offshore oil industry. This latest in a series of contracts won by Wärtsilä is to supp
ROVOP to Create 60 Jobs (UK)
Rapidly growing and award winning energy services firm ROVOP is to create around 60 jobs to accompany the purchase of five remotely operated vehicles (ROVs). The Aberdeen-based subsea specialist will invest around £15million over the next 18 months in the workclass hydraulic machines, supplied by FM
Dyce Academy Pupils Winners of SPE’s Energy Apprentice Competition
Pupils from Dyce Academy in Aberdeen, UK, have been crowned winners of ICoTA (Intervention and Coil Tubing Association) and SPE Europe’s Energy Apprentice competition, beating three other Aberdeen and shire schools to the award. Along with Cults, Kemnay and Westhill Academies, the four schools were
PSA Investigates Pipe Rupture Incident at Mongstad Facility (Norway)
On Thursday, 8 November 2012, a rupture was discovered in a blow-down pipe for feed water in the cracker in the Mongstad facility. The PSA has decided to investigate the incident. The incident was discovered on Thursday, 8 November, at approx. 0545 hours, through an unusual amount of noise coming fr
ABS Donates to Stevens Institute of Technology (USA)
ABS, the leading provider of classification services to the global offshore industry, has awarded Stevens Institute of Technology US $3 million. The donation will be used to create a new civil, mechanical and naval engineering laboratory complex in the Davidson Laboratory. The new complex will bear
Iran Spuds First Well at South Pars Phases 22-24
Iran has started drilling the first development well at South Pars gas field’s phases 22-24. The Sina drilling rig, the same rig that drilled the phases’ first exploratory well, is drilling the development well, the IRNA News Agency reported. The first exploratory well of phases 22-24 of the South P
Fred. Olsen Scraps Option for Another Semi at HHI (South Korea)
Fred. Olsen Energy ASA has decided against declaring the option for a second newbuild semi-submersible at Hyundai Heavy Industries Co. The option, had it been declared, would have been for another semi-submersible rig of Moss Maritime CS 60 E design from HHI. To remind, the company already has a sim
Bridge Energy: Mixed Results from PL457 (Norway)
Bridge Energy has provided an update on the progress of the ongoing 16/1-16 well on Wintershall-operated licence PL457 which is targeting four separate reservoirs: Heimdal formation, Åsgard formation (Noor), Hugin formation (Asha), and Zechstein group. The well was spudded on 24 October 2012 and dri