China became the world’s largest energy consumer in 2010 overtaking the USA during a year which saw the rebound in the global economy drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks. Demand for all forms of energy grew strongly in 2010 and increases i
It was held, in the Salone delle Feste del Quirinale, the prize giving ceremony for the Eni Awards 2011 took place in the presence of President Giorgio Napolitano, the Chairman of Eni Giuseppe Recchi and the CEO of Eni Paolo Scaroni. The award was established in 2007 and over the years has become an
Sea Trucks Group (“Sea Trucks”), one of the largest and fastest growing oil and gas marine contractors in West Africa, announces the contract award from TOTAL Gabon for the installation of a 32 km pipeline between the Anguille and Torpille fields offshore Gabon. The project comprises a full EPIC sco
For the fourth year in a row, Offshore Energy Exhibition & Conference will experience extensive growth. The number of registered exhibitors for Offshore Energy 2011, to be held 11 & 12 October at the Amsterdam RAI, already succeeds expectations. Compared to 40 registered exhibitors in the same perio
Harris CapRock Communications, a global provider of fully managed communications for remote and harsh environments, has been chosen by Odfjell Drilling to deliver turnkey Very Small Aperture Terminal (VSAT) communications to seven of its mobile offshore drilling rigs and drill ships currently operat
Australian energy company WHL Energy Limited welcomes the Seychelles Petroleum Company Limited (“SEYPEC”), 100% owned by the Republic of Seychelles Government, as a strategic cornerstone shareholder following settlement of the transaction announced to the market on 23 May 2011. SEYPEC has invested A
Total announces the signing of an agreement with Silex Gas Norway AS, a wholly owned subsidiary of Allianz, to sell its entire stake in Gassled (6.4%) and related entities for a price of NOK 4.64 billion (approximately US$ 870 million). The transaction is subject to approval by the relevant authorit
Development of a drillship is mainly about capacity, operational security and economy. But in these times of razor-sharp competition, design and identity are gaining significance. A ship also needs character. During an early stage of the development of the INO-80 concept, Inocean’s designers used an
Professor Tor Austad of the University of Stavanger and the Corec research centre have been honoured with the Norwegian Petroleum Directorate’s IOR prize for their work on recovering more oil from chalk reservoirs. ”This year’s prize is a recognition of a demanding and continuous research effort to
Energy consultancy Xodus Group has signed a £10 million investment deal to focus on further growth in the UK and internationally. The major cash boost from Dutch based Sunrise Energy Group and Simmons Parallel Energy Fund signals a period of significant expansion. Xodus, which was launched by chief
TGS has commenced the acquisition of a fourth 3D multi-client survey in partnership with PGS. The survey covers 2,772 km2 in the North Viking Graben over an area which has proven to be a very successful petroleum province of the North Sea. The data is being acquired by PGS’ Atlantic Explorer utilizi
Otto Energy Limited advises that it has commenced a 3D seismic data acquisition program in Service Contract 69 (SC 69) in the Visayan Basin of the Republic of Philippines. The seismic vessel BGP Explorer, operated by Exploiter Pte Ltd (a subsidiary of BGP ), has been contracted to record the seismic
Dockwise urges the Netherlands government to allow for better protection on its vessels to counteract piracy in the Gulf of Aden and the Indian Ocean. As the ability of governments to offer military protection is limited, the ability for ship owners to employ additional private protection is of the
Blake International USA Rigs recently received a 3 well contract for the Blake Rig 1006, a 1000 horsepower self-erecting platform rig. W&T Offshore, Inc. is scheduled to commence mobilization to South Timbalier 316 in mid-July 2011. The rig is being made ready at Blake International’s 44 acre yard a
