Business & Finance
UK: Total Takes Further Steps in Stopping Elgin Gas Leak
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Elgin Gas Leak: Total Installs Diverter on G4 Well (UK)
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
UK: Premier Receives Approval of Solan Field Development Plan
Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to
UK: Premier Gets Nod for Solan Field Development Plan
Premier has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to produce approxima
Turkish TPAO Hires GSP Jupiter Rig for Black Sea Drilling
Romania’s GSP Offshore has announced that it has signed a contract for its jack-up drilling rig GSP Jupiter with Turkish national oil and gas company TPAO. GSP Jupiter has been awarded a contract for offshore drilling services, for Istranca 1 well (+ 1 optional well) on Black Sea Block 3920 on the T
DNV Announces Financial Results for 2011 (Norway)
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
UK: Technology Strategy Board Plans to Invest in Oil and Gas Innovation
The Technology Strategy Board is to invest up to £1 million in feasibility studies, to be led by SMEs, which will stimulate innovation in the oil and gas sector and accelerate the development and deployment of new technologies. Proposals for the studies should focus on the areas of increasing oil an
Ireland and UK Sign Marine Research and Development Co-Operation Agreement
Dr Peter Heffernan CEO, Marine Institute, and Prof Ian Wright, Deputy Director, Science and Technology, National Oceanography Centre (UK) signed a Memorandum of Understanding (MoU) in the presence of the Minister for Agriculture, Food and the Marine, Simon Coveney, TD, to foster closer co-operation
Norway: DNV Announces Financial Results for 2011
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
Borders & Southern Raises Cash for Falklands Seismic
Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acrea
Japanese Shipyard Orders OceanSaver BWT for Four Bulk Carriers
OceanSaver has entered the Japanese market with a major ballast water treatment contract for four open hatch bulk carriers being built by Japan’s Oshima Shipbuilding Ltd for Gearbulk. The 72,000dwt Open Hatch Bulk Carriers are being built to DNV class and each vessel will be fitted with a 1,200m3/h
UK: E.ON Hires BBUS to Install Cable on Humber Gateway Offshore Wind Farm
E.ON has announced that Balfour Beatty Utility Solutions (BBUS) has been awarded the contract to install the cable on its Humber Gateway offshore wind farm. The contract, worth circa £19 million, will involve the design and installation of a 30km section of underground 132kV cable which will be used
EnBW Implements Measures for Further Investments in New Energy Concept
“The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard
EnBW Implements Measures for Further Investments in New Energy Concept
“The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard