Business & Finance
Norway: Ulstein Launches Blue Prosper PSV
Norway’s Ulstein Verft yesterday succesfully launched a new PSV, Blue Prosper (Yard no. 294), the second of two medium-sized platform supply vessels (PSV) of the new PX121 design from ULSTEIN® for Blue Ship Invest. The platform supply vessel was launched from the dock after the final paintwork had b
Norway: Launching of Platform Supply Vessel Construction for Blue Ship Invest
Yard number 294 from Ulstein Verft was successfully launched in the afternoon of 9 May. The platform supply vessel of PX121 design from ULSTEIN under construction for Blue Ship Invest was launched from the dock after the final paintwork had been carried out inside the dockhall. The vessel is due for
UK: YSI’s EXO Breaks ‘Sonde Barrier’
YSI, a Xylem company, has launched a new range of ‘EXO’ water quality monitoring sondes that will radically improve the simplicity, reliability and versatility of monitoring activities in groundwater, surface water and marine applications. Designed for both hand-held or remote monitoring work and bu
Germany: RWE Expects Stable 2012 Earnings
After significant one-off burdens caused by energy policy decisions taken in Germany during 2011, RWE will regain ground this year. However, in the first quarter of 2012 the Group was not able to match the result for the same period in the previous year. Declining margins in electricity generation a
Spain: Gamesa Reports Loss in Q1 2012
The complex economic environment, volatility in many of the main wind markets, the new product launches and the industry’s seasonality had a temporary impact on Gamesa’s profitability and debt. Nevertheless, the company’s market and business diversification and the synergies between the wind turbine
Norway: Milestones Set for Johan Sverdrup Discovery
The licensees of Norway’s Johan Sverdrup discovery will select a development concept in the fourth quarter of 2013, and aim to start production in the last three months of 2018. With a forecast producing life of more than 30 years, the production time frame for this North Sea find extends to 2050. A
Norway: Statoil to Drill Four New Wells at Skrugard Area
Statoil ASA, together with partners Eni Norge AS and Petoro AS, has established a plan for further exploration drilling in the Skrugard area. The exploration campaign will comprise four new prospects and is scheduled to commence late 2012. The objective is to follow up on the Skrugard and Havis disc
TGS Begins Seismic Survey in UK North Sea
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
TGS Begins 3D Multi-Client Survey in Erlend Basin (UK)
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
UK: OGN Submits Wind Turbine Factory Planning Application
Offshore Group Newcastle (OGN) has submitted the planning application for a GBP 50 million wind turbine factory, reports NeBusiness. The 36,000 square metre facility would replace the company’s existing factory at Hadrian Yard and create thousands of jobs in Tyne. Construction of the prototype Trito
UK: WilHunter Rig Starts Drilling at Timon Prospect
MPX North Sea Ltd has completed suspension operations on well 3/3b-13Z (Orlando) and the Awilco Wihunter has moved to Block 211/11b adjacent to the Magnus Field to drill the Timon Prospect. Well 211/11b-7 was spudded on 4th May 2012 and is anticipated to take around 40 days drilling to a total depth
Norway: Aker Solutions on the Right Track, CEO Says
Norway’s Aker Solutions, a company that provides oilfield products, systems and services for customers in the oil and gas industry world-wide reported first quarter of 2012 operating revenues of NOK 9.8 billion (USD 1.67 billion), a 15.7 per cent increase from the first quarter of 2011. Earnings bef
EMSA Publishes Final Report on Damage Stability of Ro-Pax Vessels (Portugal)
The European Maritime Safety Agency (EMSA), on May 7th, published its final report into the damage stability of Ro-Pax vessels. Ship safety standards are developed and set, at the international level, by the International Maritime Organization (IMO). They are subsequently implemented and enforced by
Norway: Transocean Barents Anchors at Jette Field
Transocean Barents anchored up at the Jette field Friday May 4th, and has begun the first phase of drilling. The first operation will be a observation well at Jette north. Drilling of the two planned production wells will be next. Transocean Barents will remain at the Jette Field until August. The J