Vestas, the global leader in wind technology, has signed an agreement with WindPlus for the deployment of the first offshore project worldwide integrating a wind turbine with a full-scale semi-submersible floating structure. This is the first time this floating platform technology is being used. Win
The twin vessels Rem Hrist and Rem Mist have kept together ever since their keel laying at 1 September 2009. Today, they will be named in a joint ceremony. Yard number 288 Rem Hrist has just completed her test trials, and captain Ole Petter Nygjerde at Remøy Shipping finds the ship very promising: “
Providence Resources Plc, the AIM and ESM listed exploration, development and production company, notes the announcement made this morning by Lansdowne Oil & Gas plc (AIM: LOGP) (RNS Number 4554B, 18 February 2011) concerning the completion of an updated Competent Persons Report (CPR) on its assets
Crowcon’s Xgard IR infrared (IR) gas detector is now approved to the latest amendment of the Marine Equipment Directive (MED, 96/98/EC). This means the low cost detector can be used to detect flammable gases and vapour hazards on tankers, drilling ships, FPSOs, dive vessels, coastguard vessels, ferr
The global oil and gas industry has been responsible for several disasters over the past decade, but few have heard of them. When Deepwater Horizon exploded in the Gulf of Mexico, safety in this business became a worldwide issue. Some of the incidents which rocked the industry in recent years are kn
Statoil Petroleum AS, operator of production licence 488, has completed the drilling of wildcat well 7119/12-4. The well was drilled about 145 kilometres northwest of Hammerfest and about 40 kilometres south of the 7120/8-1 Askeladd gas deposit, which is part of the Snøhvit development. The objectiv
ConocoPhillips Skandinavia AS has received consent to conduct exploration drilling of well 7/11-12 in the North Sea with the mobile facility Mærsk Gallant. The well will be drilled in production licence 301 CS, approx. 65 kilometres north-northwest of Ekofisk. The well has the coordinates N 57° 01’
Prosafe’s operating profit for the fourth quarter came to USD 18.4 million and net profit amounted to USD 30 million. Operating profit for the year 2010 was USD 221.1 million, and net profit for 2010 equalled USD 198.5 million. Financials (Figures in brackets refer to the corresponding period of 200
Highlights 2010 *Delivered strong performance through the cycle with full year EBITDA of $463.3 million *Full year Marine contract EBIT margin of 17% with improving GeoStreamer® momentum *Strong MultiClient sales with improved sales to investment ratio *Improved Q4 2010 revenues, EBITDA and EBIT com
Grenland Group has entered contract with Statoil for delivery of Front End Engineering and Design (FEED) in connection with upgrade of drilling facilities on Gullfaks B (GFB DU FEED). The value of the contract is around NOK 25 million, and the work starting immediately, will be executed at the compa
Drilling of the well # 2522 from the platform # 2521 was started at Oil Rocks field. The project depth of the well drilled to Gala Suite by Oil Rocks Offshore Drilling Works Office of Complex Drilling Works Trust totals 1520 meters. According to geologists, the daily production of the well # 2522 wi
Farstad Shipping achieved an operating income of NOK 905.3 million for the 4th quarter. The operating profit (EBIT) was NOK 203.9 million. The profit after taxes was NOK 39.5 million. The operating income at 31.12.10 was NOK 3 358.2 million. The operating profit (EBIT) was NOK 899.3 million. The pro
The board of Oslo Børs has today imposed a fine on Sevan Marine ASA (the “Company”) in the amount of NOK 411.600- USD 71.664 (equal to two times the annual listing fee) as a sanction for breach of information obligation towards the market. The OSE board held that the equipment failure encountered on
Harbour porpoises are small toothed whales widespread in the cool, coastal waters of the Northern Hemisphere. They are identified as a protected species within the European Union. They echolocate by sending out “clicks” at a frequency of around 130 kHz. Eigil has spent 12 years of his porpoise life
