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Business & Finance

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Fossil EnergyEquipmentSubseaOperations & Maintenance
The Netherlands: Huisman Installs World’s Largest Offshore Mast Crane Onboard the “Seven Borealis”
Business & Finance

The Netherlands: Huisman Installs World’s Largest Offshore Mast Crane Onboard the “Seven Borealis”

Early March, Huisman, the Dutch-based specialist in lifting, drilling and subsea solutions, successfully installed world’s largest Offshore Mast Crane onboard the “Seven Borealis”Pipelay / Heavy Lift vessel in four days only. This crane installation is considered as the heaviest and logistically mos

about 15 years ago
Nexen Drills Duster Near Heidrun Field, Offshore Norway
Business & Finance

Nexen Drills Duster Near Heidrun Field, Offshore Norway

Nexen Exploration Norge AS, operator of production licence 434, has completed the drilling of wildcat well 6507/8-8. The well was drilled about seven kilometres southeast of the Heidrun field. The purpose of the well was to prove petroleum in Lower Jurassic reservoir rocks (the Tilje and Åre formati

about 15 years ago
Norway: PGNiG Expects Great Benefits from Skarv, the Largest Investment Project on the NCS
Business & Finance

Norway: PGNiG Expects Great Benefits from Skarv, the Largest Investment Project on the NCS

Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG SA) is completing preparations to produce oil and gas from the Skarv field on the Norwegian Continental Shelf (NCS). In early May 2011, a floating production, storage and offloading (FPSO) vessel will arrive at the drilling site. The FPSO is the worl

about 15 years ago
Deep Sea Supply Announces Contract Extension for ‘Sea Bear’ Vessel (Cyprus)
Business & Finance

Deep Sea Supply Announces Contract Extension for ‘Sea Bear’ Vessel (Cyprus)

Deep Sea Supply announces that the AHTS vessel “Sea Bear” has been awarded a 9 month contract extension from Melittah Gas for operations in the Mediterranean until January 2012. “Sea Bear” will replace “Sea Cheetah” which has been working under this contract. Deep Sea Supply Plc is an offshore suppl

about 15 years ago
Cyprus: Deep Sea Supply Secures Contract Extension for its AHTS Vessel
Business & Finance

Cyprus: Deep Sea Supply Secures Contract Extension for its AHTS Vessel

Deep Sea Supply announces that the AHTS vessel “Sea Bear” has been awarded a 9 month contract extension from Melittah Gas for operations in the Mediterranean until January 2012. “Sea Bear” will replace “Sea Cheetah” which has been working under this contract. DEEP SEA SUPPLY Plc Deep Sea Supply Plc

about 15 years ago
DOF Subsea AS Contemplates Issuance of New Unsecured Bonds (Norway)
Business & Finance

DOF Subsea AS Contemplates Issuance of New Unsecured Bonds (Norway)

DOF Subsea AS is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in April 2016. The contemplated bond issue will have a minimum issue amount of NOK 500 million. Net proceeds from the contemplated bond issue will be used to refinance existing bonds and for

about 15 years ago
Statoil Submits Plan for Development and Operation of Vigdis Field (Norway)
Business & Finance

Statoil Submits Plan for Development and Operation of Vigdis Field (Norway)

Statoil has submitted a plan for development and operation (PDO) for the Vigdis North-East development in the North Sea to the Norwegian Ministry of Petroleum and Energy. Production start is scheduled for December 2012. This is the second fast-track development plan submitted to the Norwegian Minist

about 15 years ago
Norway: Statoil Submits Plan for Vigdis Fast Track Development
Business & Finance

Norway: Statoil Submits Plan for Vigdis Fast Track Development

Statoil has today submitted a plan for development and operation (PDO) for the Vigdis North-East development in the North Sea to the Norwegian Ministry of Petroleum and Energy. Production start is scheduled for December 2012. This is the second fast-track development plan submitted to the Norwegian

about 15 years ago
Gazprom to Secure Firm Foothold in Qatar by Opening Doha Office
Business & Finance

Gazprom to Secure Firm Foothold in Qatar by Opening Doha Office

Pursuant to the decision by the Gazprom Board of Directors, an order was signed to open the Company’s representative office in the city of Doha, State of Qatar. The representative office will pursue the primary objective of developing long-term mutually beneficial economic cooperation of Gazprom wit

about 15 years ago
Polarcus Gets Statement of Qualification From DNV for its Arctic Operating Procedures (Finland)
Business & Finance

Polarcus Gets Statement of Qualification From DNV for its Arctic Operating Procedures (Finland)

Polarcus Limited announces that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus’ Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th A

about 15 years ago
Wood Group Kenny Announces Launch of Two New Joint Industry Technology Initiatives (UK)
Business & Finance

Wood Group Kenny Announces Launch of Two New Joint Industry Technology Initiatives (UK)

Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin

about 15 years ago
Polarcus’ Arctic Operating Procedures Get Official Recognition from DNV in Finland
Business & Finance

Polarcus’ Arctic Operating Procedures Get Official Recognition from DNV in Finland

Polarcus Limited announces that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus’ Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th A

about 15 years ago
Wood Group Kenny to Lead Technology Initatives Important for Future of Subsea Industry
Business & Finance

Wood Group Kenny to Lead Technology Initatives Important for Future of Subsea Industry

Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin

about 15 years ago
SBM Offshore Orders New DSC Vessel at Keppel Singmarine, Singapore
Business & Finance

SBM Offshore Orders New DSC Vessel at Keppel Singmarine, Singapore

SBM Offshore has awarded a contract to Keppel Singmarine in Singapore for the detailed design and construction of a multi-purpose Diving Support & Construction Vessel (DSCV). This investment is an important element of the Company’s strategy to grow offshore contracting activities within the Turnkey

about 15 years ago
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