Top News of The Week August 12 -17, 2013

‘Ramco Crusader’ OSV Sinks Off Brazil

Brazil’s national oil company Petrobras has informed that the Ramco Crusader offshore support vessel sank Monday night, offshore Brazil.

Huntington Field Shut Amid FPSO Issues. All Noreco’s Fields Now Closed

Norwegian oil company Noreco has announcer that E.ON, the operator on the Huntington field in the UK North Sea, has informed its partners that production at the field will remain shut until issues related to the cargo tank venting system on board the platform at the field has been resolved.

Technip, DOF Order 4 PLSVs from Vard

The joint venture formed by Technip (50%) and DOF (50%) was awarded by Petróleo Brasileiro S.A. (Petrobras) eight contracts. These contracts cover the construction of four new pipelay support vessels (PLSVs) and operation in Brazilian waters to install flexible pipes.

GALLERY: Clair Ridge Jackets Installed Offshore Shetland Islands

BP and its co-venturers, ConocoPhillips, Chevron and Shell, have announced the safe installation of the Clair Ridge platform jackets, a major milestone in the Clair Ridge project.

OGX Reports Net Loss of $2 Billion

A troubled Brazilian oil and gas company OGX, owned by once a billionaire Eike Batista, has reported a massive quarterly net loss of R$4.7 billion (around USD 2 billion).