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Friday, 12 December 2014

Bibby Offshore appoints Interim Managing Director, Asia Pacific

ABERDEEN, United Kingdom -- Bibby Offshore has appointed Pete Hughes as Interim Managing Director, Asia Pacific, effective immediately. Hughes currently serves as Bibby Offshore’s Strategic Delivery Director and takes over the role from Darren Morgan who has left to pursue opportunities outside the group.


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12,000 workers to join UK’s offshore industry over next five years, report says

LONDON -- The oil and gas industry, which supports one in 80 jobs across the UK, will provide careers for some 12,000 new entrants over the next five years according to a new report. The report, produced by professional services firm EY, was commissioned by offshore trade association Oil & Gas UK, sector skills organization OPITO and the Department for Business, Innovation & Skills.


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BP appeals Macondo ruling that may spell $18 billion in fines

NEW ORLEANS (Bloomberg) -- BP Plc challenged a federal judge’s ruling that the company’s exploration unit acted with gross negligence in causing the 2010 Gulf of Mexico oil spill, a decision that exposed the UK-based energy company to as much as $18 billion in fines under U.S. law.


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Thursday, 11 December 2014

Bibby Subsea welcomes the Olympic Ares

HOUSTON -- Bibby Offshore’s Houston-based division, Bibby Subsea, has welcomed the Olympic Ares, a multi-functional subsea construction support vessel (CSV) which is due to arrive in the port of Galveston, Texas, on Dec. 16.


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SBM Offshore to cut about 1,200 jobs as oil tumbles

SCHIEDAM, Netherlands (Bloomberg) -- SBM Offshore NV plans to cut 600 jobs and release an equal number of contract staff this year and next as oil prices trade near the lowest in more than five years.


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Wood Group secures major BP contract

Wood Group secures major BP contract ABERDEEN, Scotland Wood Group has been awarded a five year contract with an estimated value of $750 million from BP. Under the contract Wood Group PSN (WGPSN), will deliver EPC services to six UK


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Wednesday, 10 December 2014

VAALCO Energy commences drilling at Etame field

VAALCO Energy commences drilling at Etame field HOUSTON VAALCO Energy announced the completion of the Etame 8 H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8 H was drilled to a Measured


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2H Offshore appoints Madhu Hariharan as director of London office

LONDON -- 2H Offshore, an Acteon company, has appointed Madhu Hariharan as an additional director in its London office. Hariharan’s riser engineering experience further strengthens the senior management team in the UK and will help develop 2H Offshore’s growing client base in Europe and the Middle East.


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Tendeka secures new sandface completion agreement with Statoil

ABERDEEN, United Kingdom -- Tendeka has secured a four-year contract extension with Statoil for the supply of sand-face completion equipment for the Troll field, as well as other fields under Statoil’s operation in the Norwegian Continental Shelf (NCS). The agreement will see Tendeka install up to 40,000 joints of sand screens fitted with autonomous inflow control devices, as well as zonal isolation packers.


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EMGS extends charter agreement for EM Leader

TRONDHEIM, Norway -- Electromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel EM Leader with Seatrans, the owner of the vessel, at new and improved commercial terms. The previous agreement was up for renewal.


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Jumbo bags contract for installation of thirteen Wheatstone subsea structures

Jumbo bags contract for installation of thirteen Wheatstone subsea structures SCHIEDAM, The Netherlands Jumbo has signed a contract with Technip Oceania for the installation of thirteen subsea structures for the Chevron Wheatstone Project. The subsea structures comprise of Pipeline Termination


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CNOOC signs three PSCs with KUFPEC

CNOOC signs three PSCs with KUFPEC HONG KONG CNOOC has signed three production sharing contracts (PSCs) with KUFPEC for Blocks 52 22, 52 26 and 63 13 located in the Yinggehai basin of the South China Sea. Block 52 22


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RWE Dea increases production volumes; plans for further exploration in Egypt

RWE Dea increases production volumes plans for further exploration in Egypt CAIRO, Egypt RWE Dea doubled its oil and gas production in Egypt. At the company’s own booth (Central Hall, Stand A2) and the technical program, Dea will present technology


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Tuesday, 9 December 2014

Origin confirms new gas discovery offshore Victoria

Origin confirms new gas discovery offshore Victoria ADELAIDE, Australia Origin Energy has confirmed its Speculant 1 exploration well discovered potentially commercial quantities of gas in Waarre Formation reservoirs in the Otway basin, offshore Victoria, within the Origin operated VIC L1(v)


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Statoil acquires four exploration permits offshore New Zealand

Statoil acquires four exploration permits offshore New Zealand STAVANGER, Norway Statoil has been awarded four new exploration permits in East Coast, Pegasus and Reinga basins offshore New Zealand, by the government through the 2014 Block Offer. Statoil participates in three


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Eni hits first oil at West Hub development, offshore Angola

Eni hits first oil at West Hub development, offshore Angola MILAN, Italy Eni has started production of first oil from the West Hub development project in block 15 06 in the Angolan deep offshore, approximately 350 km northwest of Luanda


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Monday, 8 December 2014

Petrobras adopts Reflex Marine's FROG-6 for safer personnel transfer

Petrobras adopts Reflex Marine' s FROG 6 for safer personnel transfer ABERDEEN, Scotland Reflex Marine has supplied two six person FROGs to Brazil’s national operator Petrobras. The sale follows Reflex Marine’s certification by Brazil’s Directoria de Portos e Costas (DPC) and


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Repsol said to revive talks with Talisman over possible deal

NEW YORK (Bloomberg) -- Repsol SA has revived talks with Talisman Energy Inc., people with knowledge of the matter said, as the Spanish company seeks acquisitions to bolster its presence in North America even as oil prices tumble to five-year lows.


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BP rejected by U.S. Supreme Court on Gulf spill payments

HOUSTON (Bloomberg) -- The U.S. Supreme Court refused to review BP Plc’s $9.7 billion settlement over the 2010 Gulf of Mexico oil spill, turning away the company’s argument that hundreds of millions of dollars are going to businesses that weren’t harmed.


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Sercel's SeaPro Nav performs successfully on multi-vessel surveys

PARIS -- Sercel has announced that its SeaPro Nav integrated navigation system has been successfully deployed on another major multi-vessel survey. SeaPro Nav is currently being deployed on a major WAZ survey conducted by CGG in the Gulf of Mexico. The navigation system was previously used as the master navigation system on the IBALT Trois survey, the third phase of CGG’s StagSeis dual-vessel, long-offset FAZ multi-client program carried out in the Gulf of Mexico.


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South Africa, Mozambique study $6 billion gas pipeline

South Africa, Mozambique study $6 billion gas pipeline PAUL BURKHARDT and ANDRE JANSE VAN VUUREN CAPE TOWN (Bloomberg) South African and Mozambican state owned investment companies have joined with SacOil Holding Ltd. to study a $6 billion pipeline from a


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Centrica in minor gas find northeast of Aasta Hansteen

STAVANGER, Norway -- Centrica Resources Norge, operator of production license 528 B, is about to complete drilling of wildcat well 6707/10-3 S. The well resulted in a minor gas discovery.


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Europa recieves new prospects on Irish Atlantic Margin licenses

Europa recieves new prospects on Irish Atlantic Margin licenses LONDON Europa Oil & Gas has received a new prospect inventory from Kosmos Energy, the operator of the licenses FEL 2 13 and FEL 3 13, in the South Porcupine basin,


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MODEC achieves first oil in Santos basin; begins FPSO charter

MODEC achieves first oil in Santos basin begins FPSO charter TOKYO MODEC' s FPSO Cidade de Mangaratiba MV24, located in the BM S 11 block (Iracema Sul area) in the giant ' pre salt' region of the Santos basin offshore Brazil, has


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Crude Oil Tanker Controls