EPC Offshore has announced plans to expand its services significantly in 2012 with a move into the contracts and procurement sector for the North Sea oil and gas industry. The Aberdeen-based project management company currently works with exploration and production companies to progress projects to
The Stavanger-based oil company Agora Oil & Gas AS (“Agora”) has established a portfolio of 11 licenses in the North Sea Basin. Since Agora was founded 2 years ago the company has participated in 10 exploration and appraisal wells. A further 9 wells are planned in the 2012 drilling campaign, expecte
Malaysia’s oil giant PETRONAS has made two gas discoveries in the Kasawari and NC8SW fields in Block SK316 offshore Sarawak via exploration wells Kasawari-1 and NC8SW-1, the company said in a statement. The Kasawari-1 well was drilled in November 2011 and found gas in the carbonate reservoirs. The w
NCS Survey, an Acteon company, has been awarded a major rig positioning contract by Shell. The contract covers Shell’s four entities in Europe; Shell UK Ltd, Nederlandse Aardolie Maatschappij BV, A/S Norske Shell and Shell E&P Ireland Ltd. The contract is for three years with two one-year extension
Australia’s Neptune Marine Services Limited has sold the Company’s US diving business to a US private equity firm who have previously been an investor in this industry. The buyer will purchase the assets of the business for approximately $0.5 million, with the sale not expected to have a material pr
BW Offshore, the world’s second largest Floating Production Storage and Offloading (FPSO) owner and operator, reports an EBITDA of USD 72.8 million in the fourth quarter of 2011 compared to USD 76.7 million in the previous quarter. The decrease resulted mainly from the lower revenues from the OSX pr
Technip, one of the world’s largest oilfield-services provider headquartered in Paris, France, has been awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is
The official opening of the all-new KONGSBERG Offshore Vessel Simulator at the SimSea AS maritime training centre in Haugesund, Norway, took place on the 9th February 2012. The simulator, which is part of a 1300m2 simulator park, is one of the most advanced of its kind, offering fully integrated tra
Fairfield Energy Limited, the North Sea focused independent oil and gas exploration, development and production group, has agreed to farm-out a 50% interest in licences P184, P474 and P1634 to TAQA Bratani Limited. In consideration for the farm-in to the licences, which are collectively known as Dar
A Cyprus-based seismic specialist SeaBird Exploration PLC has entered into multiple contracts of a varying nature. Firstly, SBX has entered into contracts for multiclient data sales relating to the Perdido survey in the US Gulf and for the late sales of a survey in the Barents Sea. These two contrac
Expro has been awarded its single biggest power connector order to date with a contract worth in the region of £7.3million. Aker Solutions, of Norway, has ordered high-voltage subsea connectors for the subsea gas compression system the company is developing for Statoil at the Åsgard field, which is
Lamprell, a provider of diversified engineering and contracting products and services to the offshore oil & gas industry, announces the award by Leighton Offshore Pte Ltd, a Singapore based company, of a contract for the fabrication of two topsides and jackets with metering skid and associated pipin
The Norwegian Petroleum Directorate, a governmental specialist directorate and administrative body today released preliminary production figures for January 2012. The figures indicate an average daily production of about 2 037 000 barrels of oil, NGL and condensate. This is an increase of 47 000 bar
The U.S. President Barack Obama yesterday announced his budget request for $222.2 million to fund the Bureau of Safety and Environmental Enforcement (BSEE) in fiscal year 2013. While Congress provided a specific appropriation for BSEE for FY 2012, this is the first stand-alone budget request for the
