Heerema Fabrication Group has cut first steel for the US$2.26 billion Cygnus gas field located in the southern North Sea. The steel will be used in the 1600t Cygnus Alpha Wellhead Platform, the first of four. GDF Suez E&P operates the Cygnus partnership with 39…
Faroe Petroleum has won acreage in the Dreiki area on the Icelandic Continental Shelf. Faroe will operate seven license blocks south of the Jan Mayen Ridge inside the Arctic Circle northeast of Iceland. Faroe will hold 67.5% interest in blocks IS6708/8…
Risk experts and ship classification societies DNV and GL will unite under the banner DNV GL Group. The new company, to be headquartered in Norway, aims to increase service offerings and global competence base.
Helge EideDNO's Helge Eide to resign at month's endDNO International ASA announced that its long-serving Managing Director, Helge Eide, is stepping down effective 31 December 2012.'After almost 17 years at DNO International, including the past 13 years as Managing Director…
Liuhua 11-1 (Photo: CNOOC)Production starts at two S. China Sea fields CNOOC Limited announced that Panyu 4-2/5-1 oil field adjustment project and Liuhua 4-1 oil field located in the Pearl River Mouth Basin of South China Sea, successfully commenced production…
Aker Solutions wins topside modifications jobGullfaks A (Photo: Øyvind Hagen / Statoil)Statoil has awarded Aker Solutions a topside modification contract worth US $32.2 million (NOK 180 million) for its Gullfaks South field off Norway, Aker announced on 28 December 2012…
Peregrino Platform (Photo: Øyvind Hagen / Statoil)Statoil works out $40M Espirito Santo farm-in Statoil has acquired 25% interest in Espirito Santo license BM-ES-22A off Brazil, the company announced on 27 December 2012.Brazilian mining…
Ecologix's mobile treatment systemEcologix CEO discusses frack water recycling Platts – Recycling of water used for hydraulic fracturing, or fracking, is a trend that will inevitably grow as companies realize that they cannot continue…
Photo: Terje S Knudsen-StatoilSnorre supply deal nets FMC Technologies $33MStatoil has awarded FMC Technologies a $33 million contract to supply further subsea equipment for Snorre field, FMC announced on 26 December 2012.FMC will provide 10 production risers and tieback connectors…
Court says Ecuador unlawfully seized blocksConocoPhillips' wholly owned subsidiary, Burlington Resources Inc., has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the…
Kitimat LNG illustrationChevron buys EOG, Encana stake in Kitimat LNGEOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.The financial terms of the deal were not disclosed…
Svane license to expire due to drilling costsDONG and its partners have decided not to pursue the drilling of an appraisal well at Svane field, opting instead to let the 04/98 Svane license to expire on 1 January 2013.DONG said the decision was based on detailed technical evaluations…
Martin Linge field illustrationTotal picks Technip for Martin Linge topsidesTechnip, leader in a consortium with Samsung Heavy Industries (SHI), was awarded by Total E&P Norge, a contract for the Martin Linge development project located approximately 180km west of Bergen…
An ROV surveys accident site in OctoberInvestigators unable to find source of sheenInvestigators have been unable to locate the source of a sheen spotted near the Deepwater Horizon accident site, the Federal On-Scene Coordinator announced on 18 December 2012…
Class societies unite under name DNV GL GroupAn agreement has been signed to merge DNV and GL. The new entity will be called DNV GL Group. It will be one of the world's leading ship classification societies and risk experts in the oil and gas…
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