Business & Finance
Police Arrives to Visund to Search for Missing Man (Norway)
The police are going to Visund today, and have started investigations after a 48-year-old man was reported missing from the Visund platform on Thursday. The Joint Rescue Coordination Centre has finished its search, but Statoil is continuing to look for the missing man using helicopters and boats. A
Italy: Perini Navi Delivers New Motor Yacht ‘Galileo G’
The Perini Navi Group, world leader in designing and constructing large motor and sailing yachts, delivered the 55m motor yacht Galileo G, the second of three motor yachts sold to date by the Perini Navi Group’s Picchiotti division. The delivery took place at the Picchiotti shipyard in La Spezia in
UK: Hydrasun Receives Top Award for International Business
Aberdeen-based Hydrasun Ltd, a leading specialist provider of integrated fluid transfer, power and control solutions, announces that it has won the Northern Star Business Award for Achievement in International Business. The award, which is in recognition of the company that has been the most success
Statoil Reduces Production on Grane Due to Injection Compressor Problem (Norway)
Production on the Grane field in the North Sea has been temporarily reduced. In connection with start-up after a scheduled maintenance and modification stop, a problem occurred on the injection compressor which is crucial to maintaining full production. The platform’s oil output is presently limited
Norway: Production from Grane Offshore Field Cut
Production on the Grane field in the North Sea has been temporarily reduced. In connection with start-up after a scheduled maintenance and modification stop, a problem occurred on the injection compressor which is crucial to maintaining full production. The platform’s oil output is presently limited
Norway: Kongsberg Finishes K-Master FAT Factory Acceptance Tests
Kongsberg Maritime has successfully completed Factory Acceptance Tests for the K-Master aft bridge systems being delivered to two Platform Supply Vessels (PSV) built at Havyard in Leirvik for owner Sartor Offshore and Supply Service. The vessels are part of a four newbuild series, all featuring KONG
Norway: Lundin and Det Norske to Work Together on Draupne and Luno
The Ministry of Petroleum and Energy has asked the licensees in Draupne and Luno for a unitized development of the two fields. The rationale is that both society and licensees can expect substantial savings with a unitized development solution. The distance between the two fields is 8 kilometers. Th
Spain: Astilleros Armon Wins Tug Contract for Panama Canal Authority
The Panama Canal Authority awarded Astilleros Armon S.A., a ship building and repairing company based in Spain, a $158.3 million contract to acquire 14 new tugs to increase the current fleet to meet the projected growth of transits on the waterway. The contract was awarded to the company offering th
Statoil Continues Search for Missing Man at Visund Installation (Norway)
The Joint Rescue Coordination Centre finished the search for a 48-year-old man who is missing on the Visund platform yesterday at 18:00 hrs., concluding, on an overall basis, that it is not likely to find the man alive in the sea. Statoil will continue to search the waters , using the Stril Herkules
UK: Ithaca Energy Reports 3Q Production Results
Ithaca Energy Inc. reports 2011 third quarter production, as well as changes to production reporting following the acquisition of the Cook field and in anticipation of first production from the Athena field. The Company will present the Athena project in London on October 11 2011; Export Production
Oil & Gas UK: Number of Young People Working in Offshore Industry Rises
The number of young people working on Britain’s offshore oil and gas installations is rising, according to statistics released yesterday (7 October) by the industry trade association Oil & Gas UK. The 2011 Workforce Demographics Report shows a rising trend over the past five years in the overall num
Norway: Noreco Produces 4.017 Boepd in September
Norwegian Energy Company ASA (Noreco) in September 2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil price was USD 106 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.537 Nini – 745 Cecilie – 319 Lul
Russia: Gazprom, RWE in JV Talks
After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting
Denmark: Welltec Completes Rigless Debris Removal from Critical Subsea Safety Valve
After weeks of planning, Welltec has recently completed the first of potentially many subsurface safety valves (SSSVs) cleaning operations for a major Latin American operator. The first intervention was completed in one run on the 18th of August in a very active well producing 7,500 bpd. On the 19th