Business & Finance
Norway: NPD Announces Oil Discovery East of Ula Field
Centrica, operator of production licence 405, has completed the drilling of wildcat well 8/10-4 S and appraisal well 8/10-4 A. The wells were drilled about 13 kilometres east of the Ula field in the southern part of the North Sea. Well 8/10-4 S encountered oil in a 55-metre gross column in the Ula f
Norway: Maersk Drilling Receives LoA for Jack-Up Rig XL Enhanced 2
Maersk Drilling has received a Letter of Award from Det norske oljeseskap ASA on behalf of the Draupne license for the ultra harsh environment jack-up rig, XL Enhanced 2, presently under construction in Singapore. The rig will be used for development drilling on the Draupne field located in the Norw
The Netherlands: Deepwater Adds ERIKS as Exclusive Distributor of its Products, Attends Technivent
Deepwater Corrosion Services has appointed ERIKS bv as the exclusive distributor for its I-Rod brand pipe-support products in the Benelux Region, which encompasses Belgium, the Netherlands and Luxembourg. ERIKS bv is a major supplier of valves, hoses, seals, plastic piping, instrumentation and a wid
Norway: Statoil Exercises Options for Surface Management Services with AGR
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
Holland Offshore Launches Dutch Blue Tug
Last week Holland Offshore, part of the Holland Shipyards Group, saw the launch of its 52,8 x 13,2 m tug Dutch Blue. With an expected delivery in the end of January, Holland Offshore will have a tug at its disposal that has some excellent qualities. The tug is powered by 2 x Wartsilla 8L20 1600kW pr
The Netherlands: IHC Merwede Optimistic about Acquisition of Asian Shipyards
In pursuing efforts to gain international expansion, IHC Merwede is looking forward to declaring the acquisition of several Asian shipyards in the upcoming quarter, Reuters reports. The global market leader for efficient dredging and mining vessels and equipment, IHC Merwede is well equipped for fut
UK: Ship Owners Prosecuted for Pollution in Solent
At a hearing today at Southampton Magistrates Court, the owners of a tanker were found guilty under UK maritime pollution legislation. The fine and costs amounted to a total of £95,000. Overnight on the 10th and 11th January 2011, yellow waxy balls of an unknown material washed ashore on the beaches
Norway: Statoil Extends Surface Management Contract with AGR
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
UK: Hydrasun Sees Strong Growth in Domestic and International Markets
Hydrasun, announced it has seen strong growth in both its domestic and international markets over the last year. Chief Executive Bob Drummond announced that for the current year to date there had been a rise in sales of 25% on the previous year meaning the company was forecast achieve turnover of £8
Norway: SeaBird Announces Completion of Fugro Transaction
Reference is made to the stock exchange notices dated 18 November 2011 regarding SeaBird Exploration PLC signing a share and purchase agreement with Fugro Norway AS related to Fugro’s acquisition of SeaBird Technologies AS and Seabed Navigation Co Ltd which collectively hold all of the Company’s rig
Norway: Sevan Marine Announces Change of CFO
Mr. Kjetil Vangsnes has accepted the role as permanent CFO of Sevan Marine and will commence his engagement on January 01, 2012. Mr. Reese McNeel Interim CFO will step down from his position at that time. Mr. McNeel will continue to support the finance organisation of Sevan Marine post Mr. Vangsnæs
The Netherlands: Holland Shipyards Group Launches Tug Dutch Blue
Last week Holland Offshore, part of the Holland Shipyards Group, saw the launch of its 52,8 x 13,2 m tug Dutch Blue. With an expected delivery in the end of January, Holland Offshore will have a tug at its disposal that has some excellent qualities. The tug is powered by 2 x Wartsilla 8L20 1600kW pr
Norway: Aker Solutions Retains Revenue Growth Ambition
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBIT
The Netherlands: Dockwise Wins KVNR Shipping Award
Dockwise has won The Royal Association of Dutch Shipowners’ KVNR Shipping Award for its bowless heavy-cargo ship Dockwise Vanguard. Heavy transport expert Dockwise in cooperation with consulting and engineering company Deltamarin have designed a unique semi-submersible vessel without conventional bo