Business & Finance
UK: Changes in Budget for Decommissioning to Boost Sector
Decom North Sea (DNS), the organisation that represents the North Sea’s oil & gas decommissioning industry, has welcomed changes in the Budget that will boost the sector leading to new jobs and investment in new equipment. With annual decommissioning expenditure in the North Sea forecast to top £1bi
Rolls-Royce to Design & Equip 4 PSVs for Korean Shipyard
Rolls-Royce, the global power systems company, has today received an order from Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four deepwater platform supply vessels. The contract is worth more than £45 million to Rolls-Royce and includes options for a further two vessels of t
Norway: Aker Solutions Wins Draupne FEED from Det Norske
Aker Solutions has won a contract from Det norske oljeselskap to conduct a front-end, engineering and design (FEED) study for the Draupne field on the Norwegian continental shelf. The study will be carried out by Aker Solutions’ newly established engineering office in London, and delivered to the li
Norway: Aker Solutions Secures Draupne FEED Contract
Aker Solutions has won a contract from Det norske oljeselskap to conduct a front-end, engineering and design (FEED) study for the Draupne field on the Norwegian continental shelf. The study will be carried out by Aker Solutions’ newly established engineering office in London, and delivered to the li
UK: Seacat Services Inks Operational Contracts for Two WFSVs
Seacat Services, the Isle of Wight based wind farm support vessel operator, announced the signing of operational contracts for it’s two 19m (21m LOA) DNV class multi-purpose windfarm support vessels, ‘Seacat Endeavour’ and ‘Seacat Reliance’. The vessels will commence operations as a pair on DONG Ene
UK: WilHunter Rig Back to Drilling
Further to the stock exchange announcements of 31st of January and 18th February 2012, Awilco Drilling PLC confirms that the WilHunter recommenced normal drilling activity yesterday, 21st March, for MPX Energy Ltd on the Orlando well, Block 3/3b in the UKCS, as part of the SPD multi-well multi-clien
Norway: Dolphin Geophysical Appoints Gil Howell as Manager Multi-Client NASA
Dolphin Geophysical announced that Gil Howell has been named Manager Multi-Client NASA. Gil will manage the Design, Marketing and Sales of Multi-Client 2D and 3D seismic surveys, in the NASA region. Gil brings a wealth of knowledge from the oil and gas industry, with a career that has spanned over 2
Romania: Melrose Farms Out Muridava Stake to Midia
Melrose Resources plc, the oil and gas exploration, development and production company, today provides an update on its Muridava (Ex-27) exploration concession offshore Romania. In line with its previously stated strategy, Melrose has agreed to farm-out a proportion of its equity in the Concession,
Schlumberger Buys Norway’s SPT Group
Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and r
Belgium: Five Grid Initiatives Call on Decision Makers to Accelerate European Supergrid
Five grid initiatives, representing a range of global energy actors, today called on decision makers to accelerate the transition to a pan European electricity infrastructure. At their inaugural conference “Supergrid 2012”, the Friends of the Supergrid today signed a Joint Declaration with represent
UK: Ashtead Technology Makes Investment in Calibration Laboratories
Leading subsea equipment rental company Ashtead Technology has made a substantial investment in order to operate established equipment calibration facilities in all its office locations. In addition to the standard range of product calibration services, the Singapore and Aberdeen branches offer the
UK: EMEC Announces Expansion Plans
The European Marine Energy Centre (EMEC) is to begin consultations on the expansion of its pioneering facilities in response to rapidly growing demand for its full-scale test sites. The move comes as one of Europe’s largest electricity producers, Vattenfall, is confirmed as the latest utility to sec
UK: Pelamis Wave Seeks Partner to Increase Production
Pelamis Wave Power Ltd. has stated it is looking for “teens of millions of pounds” of investments to increase production, reports Bloomberg. Chief Executive Officer, Per Hornung Pedersen, explained the money necessary for expanding the Pelamis’s factory in Leith Docks, Edinburgh, is the type of inje
South Korea: HHI Orders Cranes for Three Ships from TTS Marine
Through its subsidiary TTS Ships Equipment AS, TTS Group ASA’s Marine division has signed a contract worth approximately NOK 23 million. The contract is with Hyundai Heavy Industries Co., LTD. in Korea and concerns delivery of offshore and marine cranes for three ships. The contract contains two opt