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Lundin Strikes Gas Offshore Sabah (Malaysia)

4 August 2011

Lundin Petroleum AB announced that it has made a second gas discovery with the Cempulut-1 well that was drilled in Block SB303, offshore Sabah, East Malaysia. Cempulut-1 was drilled with the Offshore Courageous rig in a water depth of approximately 75 meters. The well was drilled to a total depth of 1,095 meters. The Cempulut-1 […]

USA: Kinder Morgan Expands Eagle Ford Shale Footprint

11 October 2013

Kinder Morgan Energy Partners announced it has entered into an agreement with a large Eagle Ford Shale producer to extend the Kinder Morgan Crude and Condensate (KMCC) pipeline farther into the Eagle Ford Shale in South Texas. KMP will invest approximately $74 million to build an 18-mile, 24-inch diameter lateral pipeline northwest from its DeWitt […]

Canada: SNC-Lavalin Joins Race for Federal Shipbuilding Contracts

22 July 2011

SNC-Lavalin is pleased with the Quebec Superior Court’s decision this morning to authorize the sale of the Davie Yards assets to Upper Lakes Group (ULG). This authorization has enabled the joint venture composed of SNC-Lavalin, ULG and Daewoo Shipbuilding and Marine Engineering (DSME) to submit qualifying documents under the National Shipbuilding Procurement Strategy (NSPS) office […]

Aibel Wins Ivar Aasen Hook-Up Contract

29 November 2013

Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

Today Aibel has been awarded the contract for the hook-up of the Ivar Aasen platform. In addition, Det norske, as operator for the Ivar Aasen development, intends to award Aibel the contract for maintenance and modification tasks and operational support for Ivar Aasen. The combined value is approx. NOK 660 million. The Ivar Aasen platform […]

Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects

20 December 2016

Research & Development, Technology

International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover floating offshore wind turbines, current and tidal turbines, including sea and river turbines, wave energy converters, and ocean thermal energy converters […]

Wartsila Names James Han as China President

7 November 2011

Mr James Han has been appointed President of Wärtsilä China as of November 14, 2011. James Han has extensive experience in the manufacturing industries, taking overall management roles and leading business on Country and Asia Pacific level. For over 15 years he was the Country Manager at Sandvik, the Country Manager at Olin Brass, and […]

India: ABG Shipyard Launches Oceanographic Research Vessel ‘Sindhu Sadhana’

1 August 2012

ABG Shipyard has launched ‘RV Sindhu Sadhana’, the first indigenously built vessel designed for the oceanographic research, at a ceremony held on Tuesday in Surat, the Indian state of Gujarat. The ship has been specially developed for the needs of the National Institute of Oceanography (NIO), one of the 38 constituent laboratories of the Council […]

Petrofac to Support EnQuest’s North Sea Assets in Next Ten Years

28 May 2014

Business & Finance, Project & Tenders

Petrofac is set to continue to support EnQuest’s North Sea assets, after securing an operations and maintenance contract for up to ten years. The contract, worth an estimated $630 million, supersedes an initial five year contract awarded to Petrofac in 2013. It supports 300 offshore and onshore jobs, and will see Petrofac continue to provide […]

Vattenfall gets all clear to build 1.8 GW Norfolk Vanguard

2 July 2020

Authorities & Government, Business Developments & Projects, Regulation & Policy

The UK’s Secretary of State for Business, Energy, and Industrial Strategy (BEIS) has awarded development consent for Vattenfall’s application to build the 1.8 GW Norfolk Vanguard offshore wind farm. ”This decision justifies the confidence that we have in the offshore wind sector in Britain, and we’re looking forward to developing the project and benefiting the […]

Altus Intervention Bags Wireline Service Deals with TIOS

8 July 2019

Operations & Maintenance, Project & Tenders

Altus Intervention has secured contracts with TechnipFMC Island Offshore Subsea (TIOS), a TechnipFMC and Island Offshore company, for the provision of wireline services across three of their vessels. The vessels include Island Constructor, Island Frontier and Island Wellserver. The contract duration is for three years with option of further two times one year extension, Altus […]

USA: Helix Encounters Oil in Deepwater Gulf of Mexico

17 July 2012

Business & Finance

Helix Energy Solutions Group announced an oil discovery at the Danny II exploration well at the Bushwood Field located in Garden Banks Block 506, approximately 145 miles offshore from Galveston, Texas. The Danny II exploration well encountered more than 70 feet of high quality net pay. Johnny Edwards, President of Energy Resource Technology GOM (ERT), […]

Statoil Farms Into BP’s Blocks Offshore Southern Australia

14 May 2013

Business & Finance

Norway’s oil company Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. “With this agreement we gain access to a vast, underexplored area with high-impact potential,” says Pål Haremo, senior vice president for Global new ventures in Exploration. “This is in line with […]

USA: Marathon Oil Sets 2012 Capital Budget at USD 4.822 Billion

7 December 2011

Marathon Oil Corporation announced today a $4.822 billion capital, investment and exploration budget for 2012, approximately 65 percent of which is targeted to the Company’s liquids-rich, growth assets. “Our 2012 capital budget of $4.8 billion highlights our continued focus on the liquids-rich U.S. resource plays that will provide the greatest amount of the Company’s projected […]

Oil Flows from ExxonMobil’s Julia Field in GoM

19 April 2016

Operations & Maintenance

Oil production has started at the Julia oil field in the Gulf of Mexico, ExxonMobil announced. The first production well is now online and a second well will start production in the coming weeks, the company said. The Julia development is located approximately 265 miles southwest of New Orleans in water depths of more than […]

Eni, CNOOC Ink PSC for Deepwater Block Offshore China

11 April 2012

Business & Finance

The Block, covering 5,130 square km in the attractive deep water of the South China Sea, has a high exploration potential.

Statoil Announces New Oil Discovery Offshore Canada

28 August 2013

Business & Finance, Operations & Maintenance, Research & Development

Statoil has made a third discovery of crude oil in the Flemish Pass Basin, offshore Newfoundland. The discovery was made on the Bay du Nord prospect (EL1112), located approximately 500 kilometres northeast of St. John’s, Newfoundland and Labrador, Canada. This discovery is the second discovery for Statoil offshore Newfoundland this year. In June, a discovery […]

Ocean Power Technologies Makes Changes to Board of Directors

1 May 2014

Business & Finance

Ocean Power Technologies, Inc. announced the election of Eileen M. Competti to the Company’s Board of Directors. In addition, the Company announced the retirement of Dr. George W. Taylor from the Board of Directors. Ms. Competti is currently Vice President, Global Competitiveness for The Babcock & Wilcox Company (BWC), a leader in clean energy technology […]

More North Sea decom work for OIS

22 June 2015

Offshore Energy Today has early Monday reported that Offshore Installation Services (OIS), an Acteon company, has been awarded a contract by Antrim Energy to decommission four subsea wells in the central North Sea. OIS has now revealed it has also won a deal to plug six wells from Centrica Energy, which will include complete offshore and […]

2H Offshore secures Chevron production riser programe

1 October 2015

Business & Finance, Equipment

2H Offshore, an Acteon company, has been awarded a contract by Chevron to manage a production riser weld qualification testing programme. According to 2H Offshore, the aim of the development of 20,000 psi technology is to qualify the equipment required to develop future offshore fields with design pressures above 15,000 psi and temperatures above 250˚F. […]

Kongsberg Acquires Apply Nemo (Norway)

10 December 2012

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned company of KONGSBERG, has entered into an agreement to acquire 100% of the shares in Apply Nemo AS, an independent supplier of engineering services, products and solutions for subsea oil and gas applications. The acquisition, which is expected to be completed in January will strengthen […]

DeepOcean Secures $18 Mln Contract from Statoil (Norway)

28 December 2012

Business & Finance

DeepOcean AS, a subsidiary of DeepOcean Group, has been awarded a call-off under the current long-term frame agreement for offshore Light construction and survey services for Statoil. Estimated contract value is more than NOK 100 million (approximately 18 million). The frame agreement includes services covering light construction services, seabed mapping with hull mounted Multi Beam […]

Eni, Petrovietnam Sign MoU (Italy)

21 January 2013

The President and CEO of the Vietnamese national oil company PetroVietnam, Do Van Hau, and Eni CEO Paolo Scaroni signed a Memorandum of Understanding for the development of business opportunities in Vietnam and abroad, in Rome today. The agreement was signed after a meeting between Italian Prime Minister, Mario Monti, and the General Secretary of […]