Business & Finance
Norway: Det Norske Spuds Exploration Well Near Froy Field
Norway’s Det norske oljeselskap ASA has commenced drilling of exploration well 25/6-4 S in PL414. Target for the well is the Kalvklumpen prospect. The well will be drilled in the central part of the North Sea about 20 kilometres southeast of the Frøy field and 37 kilometres northeast of the Heimdal
Subsea UK Unveils Finalists for 2012 Business Awards
Subsea UK has unveiled the shortlisted finalists for the 2012 Subsea Business Awards. A total of 16 small, medium and large organisations are in the running to pick up the prestigious awards now in their sixth year. The awards recognise and celebrate innovation and excellence in the subsea industry
Norway: ABB Wins Order to Supply Subsea Cables for Troll A Offshore Gas Platform
ABB, the leading power and automation technology group, has won an order worth around $25 million from Statoil to supply AC subsea power cables to the world’s largest offshore gas platform, Troll A, about 70 kilometers off the west coast of Norway. The order was booked in the fourth quarter of 2011.
UK: Hamworthy to Deliver Full Scrubber System on VLGC
Hamworthy Krystallon, the leading marine scrubbing technology manufacturer, signed a significant contract with Hyundai Heavy Industries (HHI), the worldʼs biggest shipyard. The contract will see Hamworthy Krystallon deliver a scrubber system on a Liquified Petroleum Gas tanker being constructed for
Norway: Statoil Boosts its R&D Investments
Statoil has singled out four business critical technologies as key to achieving the company’s growth ambitions. Statoil is boosting its R&D investments by 27% and starting to plan Norway’s biggest centre for IOR technology. In the period up to 2020 Statoil will maintain a high level of production on
UK: Hamworthy Shareholders Give Green Light to Wartsila’s Takeover Plan
Wärtsilä, a Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets, yesterday reported that, at both the Court Meeting and General Meeting of Hamworthy plc held earlier yesterday morning in relation to Wärtsilä’s recommended acquisition
Greece: Star Bulk Redeploys Vessel Star Sigma
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that the vessel Star Sigma, which was time chartered to Pacific Bulk Shipping Ltd. of Hong Kong until October 2013 at a gross daily rate of $38,000, was redelivered to the Company. Pacif
UK: Coastline Surveys Welcomes New Members to its Team
In line with their Strategic plan and in response to the diverse commercial demands of the business, the Coastline head count continues to increase. Coastline Surveys Ltd have carefully selected the following personnel for their expertise and the ability to complement the already strong team, who un
REpower Acquires PowerBlades from SGL Rotec (Germany)
Effective from December 31, 2011, REpower Systems SE has acquired by purchase the remaining 49% stake in PowerBlades GmbH from SGL Rotec GmbH & Co. KG, a majority company of SGL Group. PowerBlades, headquartered in Bremerhaven, was founded in 2007 as a joint venture for the production of rotor blade
Norway: RXT Wins Kvitebjorn Field Survey Gig
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received an contract award for an Ocean Bottom Seismic (OBC) survey for the Kvitebjørn Field in Norway for Statoil. The main objective is to improve structural interpretation and achieve better illumination of fault p
Norway: Statoil to Drill Wildcat in Oseberg Field Using COSL Pioneer
The Norwegian Petroleum Directorate has given Statoil Petroleum AS a drilling permit for well 30/6-28 S, cf. Section 8 of the Resource Management Regulations. Wellbore 30/6-28 S will be drilled from the COSL Pioneer drilling facility at position 60°33’59.33” north and 2°44’40.69” east after completi
Norway: RXT Receives Contract for OBC Survey for Kvitebjørn Field
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received an contract award for an Ocean Bottom Seismic (OBC) survey for the Kvitebjørn Field in Norway for Statoil. The main objective is to improve structural interpretation and achieve better illumination of fault p
UK: Hurricane Bags Ten Offshore Blocks
Hurricane Exploration plc, an oil exploration company focused on hydrocarbon resources in fractured basement reservoirs, has been offered a Frontier Licence by the Department of Energy and Climate Change in the second tranche of offers in the 26th Seaward Licensing Round. The Licence covers ten offs
Denmark: New Technology Minimizes Noise During Offshore Wind Turbines Installation
With a new and innovative technology, it is now possible to comply with exciting legislation on noise reduction during installation of offshore wind turbines. According to legislation from the EU the sound emissions from the installation of windmills at sea must be reduced so the threat to the marin