Foster Wheeler AG announced today that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and c
Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being established through a demerger of Aker Solutions. Kvaerner will be separate and listed on the Oslo stock exchange, most likely in July
Sterling Resources Ltd. has filed a Notice of Default with the National Agency of Mineral Resources (“NAMR”) as a result of NAMR’s failure to grant license assignments to Sterling’s farm in partners Petro Ventures Europe BV and Gas Plus International BV for a 20% and 15% license holding respectively
Drilling operation at the Norvarg prospect in production license 535 in the Barents Sea has commenced. The well 7225/3-1 is the first well in the license, which was awarded in the 20th Licensing Round in 2009. Norvarg is a large gas prospect. The operation is carried out with the submersible drillin
Sevan Marine ASA , a company specializied in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet technical uptime for April 2011. Technical Uptime for April 2011 was as follows: FPSO Sevan Piranema 100 (%) FPSO Sevan Hummingb
Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being established through a demerger of Aker Solutions. Kvaerner will be separate and listed on the Oslo stock exchange, most likely in July
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDR’s Marine Cables division. JDR Marine Cables designs and produces special marine cables for oil and g
Dockwise Ltd. announces 6 awards for Heavy Marine Transport (HMT) that have recently been secured by its subsidiary Dockwise Shipping with a total contract value of more than USD 34 million. Following the recently closed Master Service Agreement with Seadrill, Dockwise will be transporting the West
A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by th
CGGVeritas announced a new joint venture with the Norwegian ship-owner Eidesvik Offshore to manage ten high-capacity 3D vessels in the CGGVeritas fleet, including the two new X-BOW vessels, Oceanic Vega and Oceanic Sirius. The joint venture, CGGVeritas Eidesvik Ship Management AS, will be based in B
BG Norge AS, operator of production licence 522, is in the process of completing the drilling of wildcat well 6604/2-1. The well has been drilled about 45 kilometres southwest of the discovery 6705/10-1 Asterix and 60 kilometres north of the discovery 6603/12-1 Gro. The purpose of the well was to pr
Eidesvik Offshore ASA is setting up a new ship- management joint-venture with the world’s leading international pure-play geophysical company, CGGVeritas, to manage ten high-capacity 3D vessels, including the two new X-BOW vessels, Oceanic Vega and TBN Oceanic Sirius. The joint-venture, CGGVeritas E
