Video: Topside installed on Statoil’s Valemon field
The Valemon field’s topsides were lifted into place on its steel jacket, Statoil today confirmed.
Oil & Gas
Intervale Capital said to be working with Goldman on possible Proserv sale
Private-equity firm Intervale Capital LLC is working with Goldman Sachs Group Inc. to seek buyers for Proserv Group AS, a supplier of equipment for undersea oil drilling, according to people familiar with the matter.
Fracking rules condemned as ‘sham’
Rules to protect national parks from fracking are a “sham”, campaigners have claimed. Ministers said the controversial process of fracking in national parks, areas of outstanding natural beauty (AONBs) and the Broads should be refused other than in “exceptional circumstances and in the public interest”.
Yukos Oil wins landmark case against Russian Federation
Yukos Oil has won a landmark case against Russia after the firm was ruthlessly dismantled.
China vows to maintain Iraq investments as violence continues
Chinese companies remain undeterred by recent violence and will keep investing in Iraq’s energy sector, China’s Middle East envoy said today.
EV bridges debt gap with £20million rebanking
HD camera manufacturer for the oil and gas sector EV Offshore has completed a £20million re-banking option with RBS as the company eyes further global expansion.
WorleyParsons scoops North West Shelf job
Energy services firm WorleyParsons has won an engineering, procurement and construction management (EPCM) services contract on the North West Shelf gas project, in Western Australia.
North Sea Atlantic joins Technip fleet
French engineering giant Technip has added a new subsea construction vessel to its fleet in an official ceremony in Bergen.
Exxon Mobil hits LNG milestone
Exxon Mobil is reaping the rewards of starting production ahead of schedule at its new $19billion liquefied natural gas project in Papua New Guinea.
Aberdeenshire open for fracking
Energy companies are to be given the chance to frack for shale gas under parts of Aberdeenshire, it has emerged.
Early Tarfaya drilling brings dry finds
Initial exploration on the Tarfaya block, offshore Morocco, has found no hydrocarbons, shareholder Tangiers Petroleum has reported.
Parks to be protected from fracking
National Parks in England will be protected from fracking unless there are “exceptional circumstances”, ministers announced today.
ESS secures £10.5million deal with Dolphin
Aberdeen firm ESS Support Services Worldwide is to provide catering and hotel services to 180 people on a new deepwater drillship after winning the £10.5million contract.
Sterling raises cash for Breagh
Sterling Resources said at the weekend it had raised £19million in a private placement of shares to support activities including work on the problem-plagued Breagh gas field.
Oil worker falls to his death from helicopter at 2,000 feet
A North Sea oil worker plunged 2,000ft to his death after opening the emergency exit of a helicopter and jumping out.
Netherlands despairs justice for dead as Russia trade rules
In the Netherlands, first came the shock, then the rage and now this question: Can this nation go back to business as usual with Russia if investigators conclude that Vladimir Putin’s government supported pro-Russian separatists in Ukraine who killed Dutch citizens? Royal Dutch Shell Plc, which lost four employees in the crash, has declined to comment on whether its business in Russia would be disrupted by the incident. The company has about $6.7billion of oil and gas producing assets in Russia, is exploring for shale gas and plans to expand its Sakhalin-2 project there, according to research by Deutsche Bank AG.
Energy sector will be back in the firing line
The banking and energy sectors will be back in the firing line next week when major players including Centrica and Barclays report half-year results.
Rosneft figures rocket on higher output
Net income at Russia’s biggest oil producer has increased five-fold year-on-year in the second quarter of 2014 as the company revs up its daily production figures.
Video: Fracking ban thrown out by judge
A fracking ban in the city of Longmont, Colorado, was thrown out by a judge amid petition drives to hold a statewide vote in November on restricting oil and gas drilling that generate $30billion a year.
Keppel wins £110million Qatar deal
The drilling subsidiary of Gulf International Services (GIS) has awarded $110million-worth of contracts to a partnership between Qatar's premier gas shipper Nakilat and Singapore's rig constructor Keppel Offshore & Marine (N-KOM).
China set to support Cuba’s oil drive
China National Petroleum Corporation (CNPC) has signed a framework agreement with Cuba’s state oil company Cubapetroleo (Cupet) for a drilling cooperation between the two firms.
Turkey approves South Stream offshore section
The Ministry of Environment and Urban Planning in Turkey has issued a positive opinion of the planned South Stream pipeline’s offshore section in the country.
Statoil profits drop 12% on lower production
Statoil, Norway’s biggest energy company, said profit fell 12% in the second quarter as production declined because of maintenance work and asset sales.
North Sea blow for Diamond Offshore
An axed contract in the UK North Sea wiped more than £11million off second quarter profits at US drilling contractor Diamond Offshore.
Repsol confirms Talisman talks
Spanish energy firm Repsol confirmed it was in talks over potential “transactions” with Talisman yesterday as analysts said it could be looking at buying assets rather than the whole company.