Seadrill has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million. Seadrill expects to record a gain on the sale in excess of US$50 million on closing. Closing of the agreement and the transfer of owner
All three sections of the first of Nord Stream’s twin 1,224 kilometre natural gas pipelines have now been joined together underwater by hyperbaric tie-ins. The completed pipeline through the Baltic Sea will now be prepared for connection to the landfalls in Russia and Germany later in the summer. Th
Aker Solutions’ geo business has signed a three-year frame agreement with Eni Norge AS to supply sub-surface consultancy services within the areas of geology, geophysics, petrophysics, reservoir technology, well site and operations geology. Contract value is undisclosed. The agreement is valid a per
Aker Solutions’ geo business has signed a three-year frame agreement with Eni Norge AS to supply sub-surface consultancy services within the areas of geology, geophysics, petrophysics, reservoir technology, well site and operations geology. Contract value is undisclosed. The agreement is valid a per
Alexey Miller, Chairman of the Gazprom Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP) held a working meeting as part of the St. Petersburg International Economic Forum 2011. The parties considered the global energy market trends in Europe and Asia paying spec
In June 2011, Macduff Ship Design and Boustead Heavy Industries Corporation Berhad, Malaysia held positive discussions with the intention of forming a collaboration. This arrangement will offer vessel owners a combination of the very latest in Western European designs coupled with the high quality a
L&N have appointed Jason Craig as their new Welding Engineer and launch new Welding Development Services. Jason has spent the past ten years employed by a local metallurgy laboratory having spent the past 5 years in the position of Welding Services Manager. Jason will now be responsible for developi
ULSTEIN’s new company exhibition, ULSTEIN EXPO, opened its doors to the public on Friday 17 June. The opening was a success, with hundreds of visitors during Friday night and Saturday. Additionally, several groups have already booked guided tours of the exhibition in the coming months. “We are very
Offshore wind is the mean of a reliable, intensive and abundant renewable energy. This relatively new source of electricity generation, which is capable to meet much of the populated coastal areas need for power around the world, has been also stimulating the development of marine economies with tho
On 16 June 2011, as a part of St. Petersburg Economic Forum, Russia’s largest tanker company Sovcomflot and the State corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” signed a bilateral agreement on cooperation. The document was signed by SCF’s President and CEO
A&P Group has won a contract with an important new client, P&O Maritime Services, carrying out conversion work on the company’s impressive European Supporter cable-laying vessel. The Group’s Hebburn yard has carried out numerous repairs and refurbishments for P&O Ferries but this is their first comm
A&P Group has won a contract with an important new client, P&O Maritime Services, carrying out conversion work on the company’s impressive European Supporter cable-laying vessel. The Group’s Hebburn yard has carried out numerous repairs and refurbishments for P&O Ferries but this is their first comm
Expro announces a major new investment programme that will reinforce the group’s leading position as a supplier of innovative technology and specialist services to the upstream oil and gas sector. The programme includes expanding the group’s established fleet of Subsea Safety Tools and Well Test Pac
Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million. The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installe
