News
Russia, Serbia Ink Gas Deal
Russian and Serbian energy ministers Alexander Novak and Zorana Mihajlovic have signed an intergovernmental agreement in Belgrade on Russian natural gas supplies to Serbia. The agreement covers the period from 2012 to 2021. The document envisions annual supplies of up to 5 billion cubic meters of na
Argus Launches FoB Trinidad LNG Prices
Leading energy and commodities reporting organisation Argus has expanded its suite of global liquefied natural gas (LNG) prices to include the Americas with the launch of Trinidad and Tobago fob (free on board) price assessments. The launch is in response to growing spot trade of LNG from Trinidad a
Eni Completes Snam Stake Sale, Italy
Eni S.p.A. has completed the sale of 1,013,619,522 shares of Snam S.p.A., equal to a 30% minus one share of the voting share capital of the company, to Cassa Depositi e Prestiti. CDP will pay a total consideration of approximately 3.517 billion euro, of which approximately 1.759 billion euro has bee
Eni to Drill Barents Sea Well with Scarabeo 8
The Norwegian Petroleum Directorate has granted Eni Norge AS a drilling permit for well 7122/7-6, cf. Section 8 of the Resource Management Regulations. Well 7122/7-6 will be drilled by the Scarabeo 8 drilling facility in position 71o16`11.44″ north and 22o19´20.14″ east. The drilling program for wel
Falck Nutec Appoints Two Directors (UK)
International health and safety training specialist, Falck Nutec, has strengthened its UK management team with the appointment of two new directors. Allison Walker steps up to director of sales and marketing, Niel Rennie has been appointed finance director and they will be supported by human resourc
UK: Kentz EPC Business Unit Gets New COO
Kentz Corporation, the holding company of the Kentz engineering and construction group, announced the appointment of Tush Doshi as Chief Operating Officer (COO) of Kentz’s Specialist Engineering, Procurement and Construction (EPC) Business Unit. James Moore, the current COO of Specialist EPC, is ret
Xcite Energy Concludes Phase 1A at Bentley Field (UK)
Xcite Energy has concluded the Phase 1A of the Bentley field development programme in the UK North Sea. The Rowan Norway drilling rig is demobilised and handed back to Rowan Companies Inc. The 9/3b-7 and 7Z wells were successfully suspended for future use as production wells during Phase 1B. The Sco
UK: Steam Dredger SND No 4 Runs Again
Dredger SND No 4 is back in full working order again. This vessel was brought back to life thanks to a £43,300 Heritage Lottery Fund grant, BBC News Online reports. SND No 4 steam dredger was built in 1925 for the Sharpness New Docks company by the De Klop shipyard at Sliedrecht in Holland. SND [&he
Azerbaijan: Dredging at New Baku Port Nears End
Azerbaijani Transport Minister Ziya Mammadov stated that the dredging project at the new Baku International Sea Port in Alat, located 65 km south from Baku, now entering its final stage. ABC.az reports that the new port will cover the 400-hectare territory, including 100 ha for the International Log
Germany Opens Its Largest Offshore Terminal
After two years of construction the second offshore port terminal in Cuxhaven was opened on Monday by the Minister President of Lower Saxony, David McAllister. , Two additional berths were built on an area of twelve acres within the EUR 65 million project framework. With an overall length of 736 met
Det Norske: Geite Bears No Hydrocarbons
Norwegian operator Det Norske is preparing to plug and abandon the Geite prospect in the North Sea. The company said that the 7/11-13 well, which was spudded in Mid-September, reached Triassic reservoir, but without hydrocarbons. The well, located west of Ula field in the Norwegian part of the North
UK: South Boats Calls in Corporate Restructuring Specialists
A major British work boat company has called in corporate restructuring specialists after running into financial difficulty. South Boats Special Projects Ltd is the leading manufacturer of service vessels for the offshore wind power industry and employs around 120 people. The firm, which is based ou
PGS Orders Two Ramform Titans in Japan
Norway’s seismic acquisition specialist Petroleum Geo-Services ASA (PGS) has exercised its options to order another two Ramform Titan-class vessels at Japan’s Mitsubishi Heavy Industries Ltd. Two vessels were ordered in 2011. The two additional vessels will be vessel number three and four in the Ram
Premier Spuds Spaniards East (UK)
Premier Oil has spudded the Spaniards East exploration well, located in the UK sector of the North Sea, Faroe Petroleum has informed. The Spaniards East prospect is situated on Block 15/21a, south of the Perth field (Faroe 34.62%) and close to the producing Scott field in the Central North Sea. The