Today (23 July 2014) the government (UK) has published a consultation on a new cluster area allowance to encourage investment in ultra high pressure, high temperature oil and gas fields. There is still a considerable amount of oil and gas to recover in the North Sea – up to 21 billion barrels of oil
A bill signed by United States President Barack Obama recently will result in hundreds of large contracting opportunities for private-sector firms according to Mary Scott Nabers, president and CEO of Strategic Partnerships, Inc. The Water Resources Reform and Development Act (WRRDA) authorizes 34 cr
Byron Energy Limited has advised that at 4 pm on 22 July 2014 (USA Central time) the Byron Energy SM 6 #1 BP02 well was tripping into the hole at 3,700 feet (1,127 metres) measured depth (also 3,700 feet true vertical depth). Over the next twenty-four hours the Company will drill out cement, test th
Centrica Resources Norway AS, operator of production license 405, has completed drilling of wildcat well 8/10-6 S. The well is dry. The well was drilled 13 km southwest of the Ula field in the southeastern part of the North Sea. The purpose of the well was to prove petroleum in Upper Jurassic reserv
FMC Technologies, Inc. has reported second quarter 2014 revenue of $2.0 billion, up 16 percent from the prior-year quarter. Diluted earnings per share were $0.95 compared to $0.44 in the prior-year quarter. The quarterly earnings included a pre-tax $86 million gain, or $0.23 per diluted share, relat
Primeline Energy Holdings Inc. has announced that the trial production of gas from the LS36-1 gas field has now started. As previously announced, with the completion of the last section of the gas sales pipeline and connection to the provincial gas grid, the LS36-1 gas field development was complete
The Board of Directors of COSCO Corporation (Singapore) Limited has announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured contracts valued at approximately $300 million to build one accommodation barge and seven bulk carriers. C
From 11 to 13 June 2014, the Petroleum Safety Authority Norway (PSA), with technical assistance from Telenor Maritim Radio, Radioinspeksjonen, carried out an audit of the Ula platforms. The objective of the audit was to assess whether BP Norge AS meets the regulatory requirements within emergency pr
BayShore Contractors LLC, a Michigan based company specializing in heavy civil construction, dredging, environmental services and historical restoration, has been awarded a $4.5 million contract by the U.S. Army Corps of Engineers, Chicago District. Under the contract announced yesterday, BayShore w
For the testing of the lift systems for the giant and world’s largest decommissioning vessel ‘Pieter Schelte’ (measuring 382m long by 124m wide and suited for lifting of structures weighing up to 48,000 tons), Allseas has awarded the fabrication of a Test Frame to the project joint venture of SPT Of
Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, has announced its financial results for the second quarter of financial year 2014 (2Q2014), and first half ended 30 June 2014 (1H2014). Revenues for 2Q2014 were NOK 2.94 billion, in line with the corresponding per
Maldives Transport and Contracting Company (MTCC) has been awarded a contract to build a 300ft x 200ft Fainu harbor at the Raa Atoll, Maldives. The deal was signed yesterday by Mr. Ibrahim Abdul Razzaq, CEO of the MTCC and Dr. Mohamed Muizzu, Minister of Housing and Infrastructure. According to the
To accommodate the future needs of the rapidly growing Angola offshore oil and gas industry Fugro has opened its new facility in the SONILS Oil Service Centre in Luanda. Angola is now the second largest oil producer in Sub-Saharan Africa, after Nigeria. The official opening of the facility on 10 Jul
KBC Advanced Technologies plc has purchased FEESA Ltd, a UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of $17 million (£10 million) plus one million KBC shares, totalling $19.1 million (£11.2 million). The acquisition of FEESA ma
