%22Balder X%22 News

Fire aboard Petrobras' P-20

Dec 28, 2013

Two workers were injured and production was slashed when a fire broke out aboard one of Petrobras’ Marlim field platforms, the production semisubmersible P-20. Marlim is located in Brazil’s Campos basin, about 110km offshore the state of Rio de Janeiro…

Azerbaijan's SOCAR forms JV with Fugro

Dec 23, 2013

Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)…

Petrotrin acknowledges oil spills in Trinidad

Dec 28, 2013

Oil spills around Trinidad began to be reported on 17 Dec, suggesting more than one source of contamination. The state oil company of Trinidad & Tobago, Petrotrin, suggested sabotage and environmental terrorism. The Oilfield Workers Trade…

Trouble in deepwater?

Dec 16, 2013

Deepwater drilling rig contractors are facing an uncertain future, with an increasingly fragmented market favoring those who contract the vessels, according to an analyst. The comments follow market updates from rig operators including Transocean Ltd…

Polk picked for RWE’s UK branch

Dec 05, 2013

Hans-Joachim Polk took over as managing director for Hamburg-based RWE Dea AG’s UK subsidiary in August. Polk, a 22-year veteran of the German exploration company, began his career in 1991 as a production operations engineer. He eventually…

Fugro acquires Australia's Advanced Geomechanics

Nov 26, 2013

Fugro announced that it has wholly-acquired Advanced Geomechanics Pty Ltd. (AG) to become part of its global geoconsultancy practice. The nearly 20-year-old, Perth-based AG provides geotechnical and geophysical engineering and consulting services…

Archer announces restructuring

Nov 28, 2013

Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan.  The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…

Colloquy: Waiting on Weather

Nov 27, 2013

Colloquy: Editor’s Column A lot of time and money can be wasted waiting on weather. Down time is expensive. Wave height and period determine vessel motion and when they exceed operating limits, work slows or stops. Working in rough weather can lead to injuries and damage equipment…

Offshore wind projects stall

Nov 26, 2013

More offshore wind projects could be scrapped in the UK, an official has warned, after it was announced that technical challenges had brought a halt to a 1200 MW project in the UK’s Bristol Channel.  RWE Innogy said its planned Atlantic…

Baker Hughes: offshore rig count

Nov 22, 2013

Baker Hughes drilling rig count for 22 Nov 2013 shows 57 rigs drilling off the US, including two rigs each off California and Florida, three off Texas, and 50 off Louisiana. This is three fewer than last week, but four more rigs drilling offshore than a year ago…

Managing frontier risks

Dec 03, 2013

Strategic decision-making in the boardroom is vital for those operating on the new frontiers, a new report says. Elaine Maslin reports. “A single event can transform the fortunes of an entire industry,” warns a recent report on frontier hydrocarbon exploration…

Statoil EVP: Subsea factories are business critical

Nov 26, 2013

Statoil is targeting 2020 to deploy a subsea factory, or a fully-functioning process plant atop the sea floor, according to a technology briefing held by some of the Norwegian company’s top executives at its Houston headquarters in mid-November…

US DoD declares Arctic strategy

Nov 25, 2013

By Karen Parrish, American Forces Press Service The US Defense Department’s new Arctic strategy is an 8-point approach to maintaining peace and security in a new frontier that climatic forces are poised to open in the coming years…

Pura Vida enters Madagascar

Nov 01, 2013

Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco.  Pura Vida will take a 50% stake in the Ambilobe block…

Defrosting Arctic technology

Nov 12, 2013

The Arctic is one of the few areas remaining with large finds to be made. In order to operate and develop fields in the Arctic, new technologies are needed and are being developed, from ice-management systems to innovations in drilling. The…

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