Fossil Energy
Blue Ship, Atlantic Offshore Pen PSV Management Deal
Blue Ship Invest, a wholly-owned company in Norway’s Ulstein Group, has entered into an agreement with Atlantic Offshore on management of the third out of six platform supply vessel of ULSTEIN’s PX121 type design. Currently under construction at Ulstein Verft, the vessel is scheduled for delivery in
Ocean Rig Reports 3Q Net Loss of $12.2 Mln
Ocean Rig UDW, an international drilling contractor which specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry today reported a net loss of $12.2 million for the third quarter 2012. In a press release issued today, Ocean Rig announced that the company’s
Corrosion Shuts Troll C
Production on the Troll C platform in the Norwegian part of the North Sea has been temporarily halted pending further investigation of corrosion found in the auxiliary system for gas treatment. During a scheduled inspection on the platform corrosion was discovered on a tank in the glycol system, whi
APPEA Slams Gov’t Cash Bidding Initiative (Australia)
The Australian Government plans to introduce cash bidding as a basis for awarding offshore exploration acreage in “mature areas”, Minister for Resources and Energy Martin Ferguson announced Wednesday. The move, described by the government as a positive one for the budget and all the Australians, was
Cameron, Schlumberger Enter Subsea Equipment JV
Cameron and Schlumberger today announced the creation of OneSubsea™, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market. This new company will offer a step change in reservoir recovery for the subsea oil and gas industry through integration an
Subsea Part of Knarr Project Well Managed, PSA Says
From 16-17 October 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of the Knarr project. The activity was directed at the project management for the subsea facility, pipeline systems and gas export pipeline. The audit emphasised roles and responsibilities in the project organi
Shell Extends Rig Contract with GDI (Qatar)
Shell has extended a contract with Gulf Drilling International for the Al-Khor jack-up drilling rig. Shell will use the rig for offshore drilling in Qatar’s North Field. The value and the length of the contract were not disclosed. The new contract covers drilling activities in the Pre-Khuff interval
ABS Nautical Systems to Deliver NS5 Software to Oceanografia’s Fleet
Oceanografia S.A. de C.V., one of Mexico’s largest offshore vessel operators specializing in underwater survey, diving, pipe laying construction and maintenance operations, has signed a contract with ABS Nautical Systems to implement the NS5 Enterprise asset management software across its entire fle
Statoil: Global Jigsaw Puzzle for Gudrun
Norway’s oil giant Statoil today announced that the Gudrun platform deck arrived at Haugesund on Tuesday, after a month-long voyage from Thailand. The platform will now be assembled on land, with building blocks from three continents. Statoil is slated to deliver 2.5 million barrels of oil equivalen
Valiant Petroleum Names Acting CEO (UK)
Valiant Petroleum plc announces the appointment of Michael Bonte-Friedheim as Acting CEO in order to allow Peter Buchanan to focus on a buyout proposal, to be considered alongside other options as part of the Strategic Review and Formal Sale Process that was announced by the Company on 6th September
Aker Solutions Secures EUR 400 Mln Loan (Norway)
Norway’s Aker Solutions ASA has signed a new syndicated multi-currency credit facility of EUR 400 million. The facility is split into a 3-year tranche of EUR 270 million and a 1.5-year tranche of EUR 130 million and will be used for upcoming investments and general corporate purposes. In the new cre
FID Reached for South Stream Offshore Section
The South Stream Transport Board of Directors which includes representatives from Gazprom, Eni, EDF and BASF yesterday in Milan, Italy discussed the key issues of the South Stream project and adopted the final investment decision for the offshore gas pipeline section. The financial details of the FI
Zarubezhneft Days from Spudding Cuban Offshore Well
Songa Offshore, the Cyprus-headquartered owner of offshore drilling rigs, announced that its Songa Mercur rig is not far from spudding its first well offshore Cuba. The company announced in its fleet status report that the rig has set sail from Trinidad to Cuba during the first week of November. Upo
Petrobras: Sapinhoa Field to Come on Stream in January 2013
Brazilian oil company Petrobras has reported that the construction work for FPSO Cidade de São Paulo was completed on November 11. The vessel has left the Brasfels shipyard, in Angra dos Reis and is currently undergoing final testing in sheltered waters. It is expected to set sail to its definitive