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Obama Approves Offshore Oil Exploration Along East Coast, Greenie-Weenies Freak

July 31, 2014

After decades of paranoid hemming and hawing, the U.S. Bureau of Ocean Energy Managementfinally approved oil exploration in federal waters along the Atlantic coast from Delaware to Florida. The hemming and hawing ended on July 17. “The announcement is the first real step toward what could be a transformation in coastal states,” said the Associated Press report,… Continue Reading »

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Russia’s Rosneft, North Atlantic Drilling In $4.25B Drilling Deal

July 31, 2014

Russia’s top oil producer Rosneft and North Atlantic Drilling have entered into a drilling agreement worth up to $4.25 billion, in line with a previous agreement and despite Western sanctions over Moscow’s role in Ukraine. Rosneft said the deal foresaw the employment of six offshore drilling rigs until 2022. North Atlantic Drilling is a subsidiary… Continue Reading »

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Hess To Form MLP For North Dakota Oil, Gas Transport Assets

July 31, 2014

Hess Corp said on Wednesday it would form a master limited partnership (MLP) for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash. The company, which produces oil in North Dakota, Iraq and Ghana, also posted a better-than-expected… Continue Reading »

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US Judge Signs Order To Seize Kurdish Oil From Tanker Off Texas

July 30, 2014

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq’s central government and the autonomous region. The tanker United Kalavrvta, carrying some 1 million barrels of Iraqi Kurdish crude… Continue Reading »

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Subsea 7 Opens New Spoolbase Facility in Leith

July 30, 2014

Global specialist in seabed-to-surface engineering and construction, Subsea 7, has strengthened its already strong pipeline fabrication and installation capabilities in the North Sea market, with the opening of its new, bespoke spoolbase facility, at the Port of Leith, Edinburgh (owned by Forth Ports Limited). During the last 12 months Subsea 7 has invested over L7… Continue Reading »

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Statoil to Use Heimdal Until 2034

July 30, 2014

Statoil Petroleum AS (Statoil) has received consent from the Petroleum Safety Authority Norway (PSA) to extend use of Heimdal until the end of 2034. Heimdal is a gas field lying under 120 metres of water in the central North Sea. The field was originally developed using an integrated production, drilling and accommodation facility with a… Continue Reading »

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Royal Thai Navy Implements CARIS Enterprise GIS

July 30, 2014

The Hydrographic Department, Royal Thai Navy (HDRTN) is responsible for surveying the navigable waterways of Thailand and producing official nautical products to serve both the Royal Thai Navy and mariners. In addition, the hydrographic department has the vision to support all dimensions of operations for the Royal Thai Navy by the end of 2024. This includes… Continue Reading »

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WFS Technologies and Fugro to Offer Wireless ROV Integration

July 30, 2014

WFS Technologies (WFS), the global leader in the delivery of underwater wireless  instrumentation and control solutions to the Offshore Oil and Gas and Renewables industries and Fugro Subsea Technologies (Fugro), which designs, builds and delivers the FCV range of ROVs to its Subsea Services Division, announce an agreement to offer subsea wireless capability on all… Continue Reading »

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Survey: Energy Companies to Add 2000 Workers in the Marcellus Shale

July 30, 2014

The release of a new Marcellus Shale Coalition (MSC) annual workforce survey shows that development of shale has – to the surprise of few – been a boon to the state. Pennsylvania’s unemployment is the lowest that it has been since 2008, and hiring in 2014 could send it even lower. Member companies expect to… Continue Reading »

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