Business & Finance
Siemens to Equip Offshore Wind Turbine Installation Vessel (Germany)
J. J. Sietas KG of Hamburg is the first German shipyard to build an installation vessel for the erection of offshore wind farms. Siemens Marine Solutions will supply the appropriate diesel-electric propulsion and automation system as well as the medium voltage system for power generation and distrib
Norway: Sevan Marine Secures Short-term Financing
Reference is made to the press release issued by Sevan Marine ASA (the “Company”) on 11 July 2011. The Company announces that it has entered into a USD 36.1 million bond loan agreement with Norsk Tillitsmann ASA (“Norsk Tillitsmann”) acting on behalf of a group of holders of the Company’s existing b
Russia to Achieve Oil and Gas Ambitions in Arctic Shelf Region
Efforts to establish external borders of the Russian Arctic shelf will be supplemented by the outcomes of the joint Russian-German scientifi… (thevoiceofrussia) [mappress] Source: thevoiceofrussia, July 20, 2011;
Greece: Diana Shipping Inc. Enters Time Charter Contract for M/V Protefs
ATHENS, GREECE July 19, 2011 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/
Norway: PSA Conducts Audit on Working Enviroment Conditions on West Elara Jack-Up
During the period 4-7 July 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of working environment conditions on the facility West Elara. Background The PSA’s activity was conducted as part of the processing of the company’s application for an Acknowledgement of Compliance (AoC).
Norway: Lundin Petroleum Starts Drilling of Appraisal Well 16/2-7 at Avaldsnes
Lundin Petroleum AB (Lundin Petroleum) announces that drilling of the appraisal well 16/2-7 on the Avaldsnes discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced. The planned depth is approximately 2,275 meters below mean sea level and the well will be dr
PSA Norway Accomplishes Audit of Maintenance Management on Brage
From 14-17 June 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of maintenance management on Brage. Background During the audit in 2010, the status of maintenance management in Statoil EPN and associated challenges was presented to us in several meetings. It emerged that Stato
Norway: Eni Gets Green Light for Use of Scarabeo 5 in Norwegian Sea
Eni Norway AS has been granted consent for use of the mobile facility Scarabeo 5 on Marulk in the Norwegian Sea. The consent applies to drilling of pilot well 6507/2-N-2 H, production well 6507/2-N-2 AH, and production well 6507/2N-4 H in the Nordland II area. The wells belong to production licence
Norway: Maersk Reacher Jack-Up Gets AoC
On 15 July 2011, the Petroleum Safety Authority Norway (PSA) granted an Acknowledgement of Compliance (AoC) for the mobile drilling facility Maersk Reacher, operated by Maersk Drilling Norge AS (Maersk Drilling). The AoC is a statement by the PSA expressing the authorities’ confidence that petroleum
UK: Number of Major Offshore Oil & Gas Leaks Decreases
The number of offshore oil and gas leaks that could potentially lead to a major incident has fallen, according to new safety statistics. Figures from the Health and Safety Executive (HSE) show that there were 73 major or significant hydrocarbon releases associated with offshore installations in 2010
PSA Norway Grants Approval to BP for Use of Skarv FPSO
BP Norge AS (BP) has secured consent to use the Skarv FPSO production facility with associated pipeline systems and umbilicals on the Skarv field. Skarv is located about 35 kilometres southwest of the Norne field in the northern part of the Norwegian Sea. The development is a unitisation of the 6507
Norway: BP Gets Consent for Use of Gas Export Pipeline on Skarv Field
BP Norge AS has secured consent to use the gas export pipeline on the Skarv field. Skarv is located about 35 kilometres southwest of the Norne field in the northern part of the Norwegian Sea. The development is a unitisation of the 6507/5-1 Skarv and 6507/3-3 Idun deposits. Skarv is developed with a
Norway: BP Gets Consent for Use of Gas Export Pipeline on Skarv Field
BP Norge AS has secured consent to use the gas export pipeline on the Skarv field. Skarv is located about 35 kilometres southwest of the Norne field in the northern part of the Norwegian Sea. The development is a unitisation of the 6507/5-1 Skarv and 6507/3-3 Idun deposits. Skarv is developed with a
UK: Sterling Resources Secures Loan for Breagh Gas Field Development
Sterling Resources Ltd. (“Sterling” or the “Company”) announces that it has signed a loan facility agreement (the “Facility”) with a group of banks for a GBP 105 million senior secured loan for the Phase 1 development by its wholly-owned subsidiary, Sterling Resources (UK) Ltd, of the Breagh gas fie