Business & Finance
UK: Orion Group Provides Manpower Services for Nexen’s Golden Eagle
The leading manpower provider in Scotland has secured two multi-million pound deals to the value of £20million per year with the Candadian-based energy company, Nexen Petroleum UK Ltd. Recognised as a global leader in providing key staff to the energy sector, Orion Group, which is headquartered in I
Spain: Scientists Aboard Iberian Coast Ocean Drilling Expedition Report Early Findings
Mediterranean bottom currents and the sediment deposits they leave behind offer new insights into global climate change, the opening and closing of ocean circulation gateways and locations where hydrocarbon deposits may lie buried under the sea. A team of 35 scientists from 14 countries recently ret
Brazil’s OSX Receives Americas Oil & Gas Deal of the Year Award for FPSO Financing
OSX was awarded the Americas Oil & Gas Deal of the Year, at the Project Finance International Awards for raising an US$ 850 million loan for the construction and implementation of the FPSO OSX-2. The financing agreement was concluded with a group of international banks in October 2011. The event wil
Damen Shipyards Secures Order for Two HSSVs from MarineCo UK
Scottish offshore service provider MarineCo UK has placed an order at Damen Shipyards for two more High Speed Support Vessels (HSSVs). Since taking delivery of Damen’s first-ever HSSV 2610 Twin Axe in June and the second one in the last week of December, the MarineCo Shamal and MarineCo Mariah have
Germany: RWE Innogy Awards FoundOcean with Nordsee Ost Foundation Grouting Contract
FoundOcean is excited to announce the award of the foundation grouting contract for Nordsee Ost offshore wind farm in German waters by RWE Innogy. The 295 MW capacity wind farm will be installed in water depths ranging from 22 to 25 m on four-legged jacket foundations. The 49 foundations (48 turbine
Norway: NPD Signs Seismic Data Acquisition Contracts
The Norwegian Petroleum Directorate (NPD) has entered into contracts with Petroleum Geo-Services (PGS) and Dolphin Geophysical for the acquisition of seismic data. The contracts have a total value of NOK 170 million. The vessels M/V Nordic Explorer (PGS) and M/V Artemis Atlantic (Dolphin Geophysical
NPD Contracts PGS and Dolphin for Seismic Data Acquisition (Norway)
The Norwegian Petroleum Directorate (NPD) has entered into contracts with Petroleum Geo-Services (PGS) and Dolphin Geophysical for the acquisition of seismic data. The contracts have a total value of NOK 170 million (USD 28.6 million) . The vessels M/V Nordic Explorer (PGS) and yyy (Dolphin Geophysi
NAM, Shell Hire ‘Seajacks Kraken’ for Maintenance Campaign in Southern North Sea
Seajacks Kraken, a self-propelled jack-up vessel owned and operated by Seajacks, has been contracted by NAM (Nederlandse Aardoliemaatschappij BV) and Shell UK Limited to work on one of the largest well repair and maintenance campaigns in the Southern North Sea. The program is scheduled to last for t
UK: Ecotricity Introduces Wave Power Device ‘Searaser’
Green energy company Ecotricity is adding the power of the Sea to that of the Wind and the Sun – to make its Green Electricity. Ecotricity is developing a radical Wave power device called Searaser – which it believes can address two of the biggest barriers to the deployment of renewable energy on th
Finland: Wartsila to Provide Power and Positioning System for Statoil’s New Drilling Rigs
Wärtsilä, the marine industry’s leading solutions provider, has been contracted to supply the power and positioning system for two new drilling rigs ordered by Songa Offshore AS, the Norwegian arm of the Cyprus-based offshore drilling company. These so called cat D semi-submersible rigs are tailor d
Finland: Wartsila to Equip Songa Offshore’s cat D Rigs
Wärtsilä, the marine industry’s leading solutions provider, has been contracted to supply the power and positioning system for two new drilling rigs ordered by Songa Offshore AS, the Norwegian arm of the Cyprus-based offshore drilling company. These so called cat D semi-submersible rigs are tailor d
Seajacks Kraken Wins Two Year Contract from NAM and Shell UK
Seajacks Kraken, a self-propelled jack-up vessel owned and operated by Seajacks, has been contracted by NAM (Nederlandse Aardoliemaatschappij BV) and Shell UK Limited to work on one of the largest well repair and maintenance campaigns in the Southern North Sea. The program is scheduled to last for t
UK: Gulf LNG Project Talks Progressing Well
FLEX LNG provide update regarding the status of ongoing discussions with the sponsors of the Gulf LNG Project and Samsung Heavy Industries. As previously disclosed, FLEX LNG and SHI successfully completed Front End Engineering and Design (“FEED”) in December 2011 for the FLNG vessel for the Gulf LNG
South West Becomes UK’s First Marine Energy Park
The South West has been named as the UK’s first Marine Energy Park, firmly placing the region on the international map for leadership in marine renewable energy. Climate Change Minister Greg Barker made the announcement on a visit to Bristol where he met with key members of the new initiative. The S