Space Travel News  
OIL AND GAS
Norway has concerns about Transocean rig
by Daniel J. Graeber
Washington (UPI) Mar 21, 2018

A safety regulator in Norway said Wednesday there were a number of emergency issues uncovered during an audit of a Transocean rig.

The Petroleum Safety Authority issued an order to Transocean following an audit that ended in early February at the company's Spitsbergen mobile drilling unit.

"The audit identified a number of breaches of the regulations in the emergency preparedness and logistics discipline area," the PSA said in a statement. "A number of these non-conformities related to conditions identified during audits of other Transocean facilities."

Norwegian energy company Statoil and its partners working in the British offshore license areas contracted Transocean last year for use of its Spitsbergen rig for three exploration wells and six production wells.

Securing the rig for Statoil was part of an effort to tap into the Mariner field, which was expected to reach a peak production rate of around 55,000 barrels of oil per day later this year. The contract value for the combined services in the British North Sea, which extend beyond Mariner into Norwegian waters, is more than $100 million.

Transocean did not disclose the day rate for the rig. The company last year was forced to cut some of the rates it charges to lease its rigs after seeing dozens of contracts cancelled.

Transocean, which recently acquired rival rig company Songa Offshore, said revenues from its drilling contracts declined $110 million to $589 million for the three months ending Dec. 31. The company attributed the decline to fewer operating days, as well as lower lease rates for some of its rigs.

Statoil had no comment on the PSA's order. Transocean has until April 11 to respond to the agency's concerns.

Norway is one of Europe's top oil and gas producers. The government reported preliminary total production for February was down 2 percent from January.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Metal-organic frameworks cut energy consumption of petrochemicals
Lausanne, Switzerland (SPX) Mar 21, 2018
In the chemical and the petrochemical industries, separating molecules in an energy-efficient way is one of the most important challenges. Overall, the separation processes account for around 40% of the energy consumed in the petrochemical industry, and reducing this can help addressing anthropogenic carbon emissions. One of the most important products in the petrochemical industry is propylene, which is widely used in fibers, foams, plastics etc. Purifying propylene almost always requires separat ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
360 Video: Tour a Mars Robot Test Lab

Next NASA Mars Rover Reaches Key Manufacturing Milestone

Asteroids and comets shower Mars with organics

Opportunity is Halfway Down the Valley

OIL AND GAS
'Luna City 2175' will take audience to a future community grappling with how to be civilized

Scientists Share Ideas for Gateway Activities Near the Moon

The moon formed inside a vaporized Earth synestia

Research details mineralogy of potential lunar exploration site

OIL AND GAS
Jupiter's turmoil more than skin deep: researchers

New Horizons Chooses Nickname for 'Ultimate' Flyby Target

Jupiter's Great Red Spot getting taller as it shrinks

Jupiter's Jet-Streams Are Unearthly

OIL AND GAS
Team discovers that wind moves microinvertebrates across desert

Yale's Expres Instrument ready to find the next Earth Analog

NASA's Kepler Spacecraft Nearing the End as Fuel Runs Low

Study sheds light on the genetic origins of the two sexes

OIL AND GAS
India working on 16 ton payload capacity to GEO Transfer Orbit

ILS secures additional launch orders for Proton medium vehicle

Ukraine eyes new Spaceport downunder

It's Business Time at Rocket Lab

OIL AND GAS
China moving ahead with plans for next-generation X-ray observatory

China to launch Long March-5B rocket in 2019

Satellite will test plan for global China led satcom network

China plans rocket sea-launch

OIL AND GAS
Russian scientists use lasers to destroy mini asteroids

NASA Dawn Reveals Recent Changes in Ceres' Surface

Russian physicists make toy asteroids and blast them with a laser

Lessons from the Tunguska event









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.