Business & Finance
Italy’s Saipem Inks Multiple Offshore Contracts Worth USD 1.5 Billion
In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The co
Renewable Energy Generation Limited Announces Preliminary Results (UK)
Renewable Energy Generation Limited, the renewable energy group, today announces its preliminary results for the year ended 30 June 2011. Financial Year Highlights Revenue of £9.8 million (2010: £6.2 million) EBITDA¹ neutral (2010: Loss £0.9 million) Loss after tax and exceptional items from continu
South Korea: Fred. Olsen Energy, HHI Extend Option for Second Newbuild Drillship
Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship. A wholly owned subsidiary of Fred. Olsen Energy ASA and Hyundai Heavy Industries Co. Ltd. have agreed on an extension of the time limit for declaring this option till 20th De
Spain: Christening Ceremony for Vroon Offshore’s New Vessel
Vroon Offshore on Friday (October 14) announced the delivery and naming of VOS Valiant. The vessel was christened Friday in a ceremony held at the Astilleros Zamakona Shipyard in Pasaia, Spain. Godmother was Mrs. Eva Maria Móreno, wife of Mr. Jesús Villacañas, General Manager, Astilleros Zamakona Sh
South Korea: Fred. Olsen Energy ASA, Hyundai Heavy Extend Drillship Option Deadline
Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship. A wholly owned subsidiary of Fred. Olsen Energy ASA and Hyundai Heavy Industries Co. Ltd. have agreed on an extension of the time limit for declaring this option till 20th De
7th Pipeline Technology Conference Focuses on Safety of Pipeline Systems (Germany)
Europe’s leading Pipeline Technology Conference will be held for the 7th time in 2012. This year the EITEP conference with accompanying exhibition will be focusing on the technological safety of pipeline systems. EITEP stands for “Euro Institute for Information and Technology Transfer in Environment
Saipem Wins New E&C Offshore Contracts Worth USD 1.5 Billion (Italy)
Saipem has been awarded new E&C Offshore contracts worth $1.5 billion. In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the A
India: Rickmers-Linie Recognized as Breakbulk Operator of the Year at MALA 2011
Rickmers-Linie has been awarded “Shipping Line of the Year – Breakbulk Operator” at the All India Maritime and Logistics Awards 2011 (MALA) in a ceremony held on 30 September in Mumbai. MALA was organized for the second time by EXIM India. Rickmers-Linie is the leading specialist in the global trans
Chalk Fields Still Have a Lot to Offer, NPD Says
The Norwegian Petroleum Directorate (NPD), the Danish Energy Agency and ten oil companies will cooperate on research and development and share experience to improve recovery from chalk fields on the Norwegian and Danish shelves. The NPD and the Danish Energy Agency have taken the initiative for the
Valiant Announces Spud of Zapffe Prospect in Norwegian Barents
Valiant Petroleum plc announces that drilling operations have commenced on the Zapffe exploration prospect (Valiant, 10%), located in PL518 in the Norwegian Barents Sea. The well is drilled by the Aker Barents semi-submersible rig and is targeting a Lower Cretaceous/Upper Jurassic pinch-out play loc
DOF Secures Contract Extension for Skandi Flamengo PSV in Brazil
DOF has, through its Brazilian subsidiary Norskan Offshore Ltda, signed a contract with Petrobras for Skandi Flamengo. The contract will commence in October 2011 and has a firm duration of 4 years. Skandi Flamengo is a PSV of UT 755 L design built in Brazil in 2003. Platform Supply Vessels transport
PA Resources Strikes Oil in Lille John Well, Offshore Denmark
The oil and gas group PA Resources has made an oil discovery in the Miocene sandstone level in the Lille John prospect in License 12/06 offshore Denmark. The exploration well will now be sidetracked to a Chalk target. The ongoing exploration well at the Lille John prospect has encountered approximat
UK: AMEC Wins Clair Ridge Design Gig
AMEC, the international engineering and project management company, has been appointed by BP and its partners, Shell, ConocoPhillips and Chevron, to deliver the engineering and project management services (EPMS) for the main platform design for Clair Ridge, the second phase of the giant Clair oil fi
USA: Anadarko, BP Settle Deepwater Horizon Related Issues
Anadarko Petroleum Corporation today announced an agreement with BP to settle all of BP’s current and future claims against Anadarko associated with the Deepwater Horizon event. Under the terms of the settlement agreement, Anadarko agrees to pay $4.0 billion to BP, and both parties have agreed to m