Business & Finance
UK: Defra Publishes Guidelines for Marine Oil and Chemical-Spill Response
A set of new guidelines to strengthen the response to oil and chemical spills at sea has been published recently. The post-incident monitoring guidelines are a key output from the PREMIAM project (Pollution Response in Emergencies: Marine Impact Assessment and Monitoring) which was initiated in 2009
UK: NFFO Hosts Constructive Meeting on Marine Spatial Planning
A constructive meeting with the representatives from the Marine Management Organisation was held in the NFFO offices recently to discuss the arrival of marine spatial planning and in particular, the first two draft marine plans. These will be for the East Coast Inshore and the East Coast Offshore. M
Sterling and Romania Officially Resolve Dispute
Sterling Resources Ltd. confirmed that the company received formal approval from the Romanian National Agency for Mineral Resources (NAMR) for the assignment of equity to partners and confirming the term of the offshore license. The execution of this documentation follows the announcement made by th
UK: South Boats Launches New Wind Farm Vessel
South Boats Special Projects Ltd. announces the launch and commissioning of its 47th offshore wind farm crew transfer vessel, ‘Porth Wen’. The vessel is a South Catamaran 16m and is the third of a five boat order from Turbine Transfers Ltd. for the 16m to be delivered. This vessel compliments the ei
Norway: Statoil Gets Barents Sea Drilling Approval
Norwegian safety regulator has given its consent to Statoil for exploration drilling operations in the Barents Sea. Statoil intends to use the Aker Barents drilling rig. The approval relates to the drilling of exploration well 7220/7-1 which is part of production licence 532. The well is located som
Finland-based Wartsila Eyeing Hamworthy Acquisition
Wärtsilä yesterday confirmed recent reports that it has been in talks with Hamworthy regarding a 825 pence per ordinary share cash offer. The potential offer is likely to assume that no further dividend will be paid but, if a dividend is paid, Wärtsilä’s offer will be reduced by the amount of that d
UK: WGP Exploration Enters Definitive Acquisition Agreement with Thalassa Holdings
The Directors of WGP Exploration Ltd announce that the company has entered into a definitive acquisition agreement with Thalassa Holdings Ltd. The combination unites the exceptional relationship the WGP Group has developed with Thalassa since 2007 and signifies both companies now officially working
Norway: Island Offshore Receives 4 Months Contract for ‘Island Centurion’
Island Offshore, leading provider of high quality solutions for the offshore oil industry, receives 4 months contract for Island Centurion vessel. The contact is for supply duties in the North Sea. The contract has further option up to the time of conversion into a Stimulation Vessel. Island Centuri
Norway: EMGS Presents Third Quarter Results
EMGS CEO Roar Bekker and CFO Svein Knudsen presented the third quarter results at Hotel Continental, Oslo. Highlights in the third quarter 2011: * Total revenues at USD 45.5 million for the quarter * EBITDA of USD 11.9 million * Net income of USD 7.5 million * Contract worth USD 90 million awarded b
Norway: Zapffe Disappoints
North Energy declares that the rig “Aker Barents” has completed drilling of wildcat well 7121/9-1 (Zapffe) located in PL518 in the Barents Sea. The well was drilled to a total depth of 2417 m below sea level. The purpose of the drilling was to prove hydrocarbons in the Lower Cretaceous and Upper Jur
NOVATEK Sends Tanker ‘Perseverance’ via Northern Sea Route
OAO NOVATEK has announced today that the Tanker “Perseverance”, carrying 60 thousand tons of the Company’s stable gas condensate, has passed through the Bering Strait and into the Pacific Ocean. The Perseverance has become the ninth high-tonnage tanker in the 2011 navigational period to transport NO
Norway: Noreco Sells Brynhild Stake to Lundin Petroleum
Norwegian Energy Company (Noreco) has entered into an agreement to sell its 20 percent share of license PL148 in the North Sea to Lundin Petroleum. The license contains the oil discovery Brynhild (previously called Nemo), where a Plan for Development and Operations (PDO) was recently approved by Nor
Norway: Island Offshore Secures Contract for its New Vessel
Island Offshore, provider of high quality solutions for the offshore oil industry based on a fleet of advanced high quality service and subsea service vessels, announces that it has received a 4 month contract for its Island Centurion vessel from ConocoPhillips. The contract is for supply duties in
Centrica Announces New Member of Board and Remuneration Committee (UK)
Centrica plc (“Centrica”) announced that Dame Helen Alexander, a Non-Executive Director of Centrica and Chairman of Centrica’s Remuneration Committee, will step down from the Board of Centrica with effect from 31 December 2011. Dame Helen joined the Board in January 2003. Lesley Knox will replace Da