Statoil’s first fast-track –project – Visund South – is moving ahead as planned. The seabed template has commenced its journey out to the field located south of Gullfaks in the North Sea. “We submitted the plan for development and operation of Visund South in January. Now, four months later, we’ve b
With energy efficiency at the forefront of today’s environmental agenda, Maran Tankers Management Inc. (MTM), the largest tanker operator in Greece, has collaborated with class society ABS in the development, review and revision of their Company and Ship Energy Efficiency Management Plan (CEEMP/SEEM
Shetland could be ringed by giant offshore windfarms in a few years, generating electricity to sell across Europe. By John Robertson (shetlandtimes) [mappress] Source: shetlandtimes, May 27, 2011
Seadrill today reports consolidated revenues for the first quarter 2011 of US$1,110 million compared to US$1,169 million for the fourth quarter 2010. Operating profit for the first quarter was US$430 million, down from US$479 million in the fourth quarter 2010, which included US$26 million in gain o
Since launching BroadSeis at Barcelona last year, CGGVeritas has recorded BroadSeis data in many locations around the world, in different water depths and over different geologies. In all cases the increases in bandwidth at both low and high frequencies (six octaves have been recorded in the Gulf of
Since launching BroadSeis at Barcelona last year, CGGVeritas has recorded BroadSeis data in many locations around the world, in different water depths and over different geologies. In all cases the increases in bandwidth at both low and high frequencies (six octaves have been recorded in the Gulf of
Modus Seabed Intervention has moved to purpose built premises in Beaumont Street, Darlington, County Durham, adjacent to the main ring road and within easy reach of main rail and air links. Managing director Jake Tompkins comments that, “This is a significant statement in Modus’ intention to become
Conductor Installation Services Ltd (CIS), an Acteon company, has been awarded the largest contract in its history by Weatherford Nigeria. The USD multi-million dollar contract requires CIS to provide a range of conductor installation services in Nigeria on behalf of two major operators in the regio
Oshima Shipbuilding Co., Ltd. and DNV announced the completion of the first milestone of a joint programme to develop the ECO-Ship 2020, a concept design for an open hatch bulk carrier (OHBC) developed to significantly lower fuel costs, meet or exceed regulatory standards and improve commercial perf
Aberdeen oil service firm flexlife has moved to new premises in the city to support its rapid expansion… (pressandjournal) [mappress] Source: pressandjournal,May 26, 2011;
Condition monitoring for hull and machinery can generate great advantages for shipping lines. Switching to need based maintenance schedules can reduce downtime and increase vessel profitability by preventing unnecessary maintenance, offering early warning of equipment failure and avoiding misguided
Wintershall, the largest German crude oil and natural gas producer with operations worldwide, has once again stepped up its activities in Norway by raising the company’s share in the Maria discovery to 50 percent, the company announced. The discovery is one of the largest oil discoveries in Norway i
The Company’s net income was $3,517 million in the first quarter of 2011, which is 71.3% higher y-o-y. EBITDA was $5,343 million, which is 43.3% higher y-o-y. Sales revenues were $29,626 million (+23.9% y-o-y). Positive dynamic of our financial results was mainly due to a sharp increase in hydrocarb
Equitix, Amp Capital and Balfour Beatty Consortium Appointed as Preferred Bidder for High-Voltage Link to Greater Gabbard Offshore Windfarm Green Energy Transmission (GET), a consortium comprising Equitix Ltd and AMP Capital Investors, together with Balfour Beatty Capital Limited has been selected b
