Business & Finance
Norway: BP Extends Maintenance and Modification Contract with Aker Solutions
BP has decided to extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014, and the contract value is estimated to be in the ran
Norway: PSA Conducts Audit of Major Accident Risk in Connection with Light Well Intervention
In December 2011 and January 2012, the Petroleum Safety Authority Norway (PSA) conducted an audit of Statoil Petroleum AS (Statoil) and Island Offshore Subsea AS (Island Offshore). The audit was aimed at management of major accident risk and the barrier management system in connection with light wel
Germany: Jungerhans Shipping Takes Delivery of Its New Container Vessels
With the taking over of the recent new building, the traditional shipping company Jüngerhans from Haren (Ems) has terminated for the time being their programme of new buildings. With this container cargo ship built at the Korean shipyard Hyundai Samho Heavy Industries, the new flagship of the fleet
BP Norway Extends Maintenance and Modifications Contract with Aker Solutions
BP has decided to extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014, and the contract value is estimated to be in the ran
Australia: AWE Sells BassGas Stake to Toyota Tsusho
An Australian based oil and gas exploration and production company, AWE Limited, has completed the sale of 11.25% interest in T/L1 and a 2.75% interest in T/18P in the Bass Basin to Toyota Tsusho Gas E&P Trefoil Pty Ltd (“Toyota Tsusho”). Accordingly, AWE has received the cash consideration of $80.1
UK: Marubeni Completes Financing for Gunfleet Sands Offshore Wind Farm
On November 1st, 2011 Marubeni Corporation acquired a 49.9% stake in DONG Energy’s 172MW Gunfleet Sands offshore wind farm, with arrangements for the project financing of Marubeni’s equity portion being initiated. Marubeni announce that on March 30, the project financing, utilizing Overseas Untied L
India: Cochin Shipyard Hands Over New PSV ‘Brage Trader’ to Its Owner
Cochin Shipyard delivered a Platform Supply Vessel “Brage Trader” to M/s Brage Supplier K S, Norway on March 20th 2012. This is the fourth of a series of the high technology offshore vessel that have been constructed and delivered by CSL this financial year. The Protocol documents of the ship were s
NF Rescuers Take Preparations in Barents Sea for Bold Monarch 2012 Exercise
Crews of deep-sea submersibles operated by Northern Fleet (NF) Search and Rescue Dept are preparing for participation in the Bold Monarch 2012 international submarine rescue exercise. Practical training takes place in Varlamov Bay Range, Barents Sea. Operators improve control skills of submersibles
Solstad Charters Another CSV to Ocean Installer (Norway)
After it today announced the decision to sell 50% in one of its CSV vessels to Subsea 7, Norway’s offshore shipping company, Solstad Offshore ASA, has more news to offer. The company has secured a charter contract for its offshore construction vessel (CSV) “Normand Mermaid” with Ocean Installer AS,
Ocean Installer Hires SOFF’s Construction Vessel ‘Normand Mermaid’ (Norway)
Solstad Offshore ASA (SOFF) has signed a contract with Ocean Installer AS (OI.II) for hire of SOFF’s offshore construction vessel (CSV) “Normand Mermaid”. The duration of the contract is firm for 5 years with further 5 x 1 year option and it commences on the 1st March 2013. The contract value is con
Norway: Ocean Installer Hires Solstad’s CSV Normand Mermaid
Solstad Offshore ASA (SOFF) has signed a contract with Ocean Installer AS (OI.II) for hire of SOFF’s offshore construction vessel (CSV) “Normand Mermaid”. The duration of the contract is firm for 5 years with further 5 x 1 year option and it commences on the 1st March 2013. The contract value is con
Farstad Orders Anchor Handlers Pair from STX OSV (Norway)
Farstad Shipping ASA has reached an agreement with STX OSV AS to build two Anchor Handling / Offshore Service vessels (AHTS) of the type UT 731 CD. Contract value is estimated at approximately NOK 1.2 billion (USD 209 million). The vessels are designed by Rolls Royce Marine with a total length of 87
Norway: STX OSV to Build Two AHTS Vessels for Farstad
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of two Multifunctional Deep Water Anchor Handling / Offshore Service vessels for Farstad Shipping. The total value of the
Poland: Lotos Petrobaltic Calls for Baltic Beta Service Works Bids
Lotos Petrobaltic, an oil company that has an exclusive concession for the exploration and production of hydrocarbon fields in the Polish Offshore Economic Zone, has called for bids for service works on its jack-up platform. The contract is for service works on Baltic Beta jack-up platform to streng