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Business & Finance

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Subsea UK Announces Speaker Line-up for Europe’s Largest Conference & Exhibition for Subsea Industry
Business & Finance

Subsea UK Announces Speaker Line-up for Europe’s Largest Conference & Exhibition for Subsea Industry

An impressive line-up of the UK’s leading subsea industry figures will take to the podium at this year’s Subsea 2011 conference on Wednesday 9 February. Europe’s largest conference and exhibition for the subsea industry which takes place on the 9 and 10 February 2011 at the Aberdeen Exhibition and C

about 15 years ago
Thailand: Oil States Wins Offshore Cranes Contract with PTTEP
Business & Finance

Thailand: Oil States Wins Offshore Cranes Contract with PTTEP

Today, Oil States International, Inc. announced that its subsidiary, Oil States Industries (Thailand) Ltd., has been awarded a three-year contract valued at approximately $14 million USD (THB 432 million) to supply Offshore Marine Cranes to PTT Exploration and Production Company Limited (PTTEP). The

about 15 years ago
France: BOURBON Quarterly Revenues: Q4 2010 vs Q4 2009: + 12.9%
Business & Finance

France: BOURBON Quarterly Revenues: Q4 2010 vs Q4 2009: + 12.9%

In the fourth quarter of 2010, BOURBON revenues totaled 221.3 million euros, up 12.9% compared with the same period in 2009. Compared with the same quarter of the previous year, “Marine Services” revenues were 16.5% higher at 173.4 million euros, despite a deterioration in market conditions. This gr

about 15 years ago
Statoil Discovers Gas/Condensate West of the Gullfaks Sor Field in the North Sea (Norway)
Business & Finance

Statoil Discovers Gas/Condensate West of the Gullfaks Sor Field in the North Sea (Norway)

Statoil Petroleum AS, operator of production licence 50, is in the process of completing the drilling of wildcat well 34/10-53 S. The well is about two kilometres west of the Gullfaks Sør field, in the northern part of the North Sea. The well’s primary exploration target was to prove petroleum in sa

about 15 years ago
Statoil Delivers Strong 4Q 2010 Results. Expects $16 bln Capital Expenditure for 2011 (Norway)
Business & Finance

Statoil Delivers Strong 4Q 2010 Results. Expects $16 bln Capital Expenditure for 2011 (Norway)

Statoil today presents its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2010 net operating income was NOK 42.8 billion, compared to NOK 33.5 billion in the fourth quarter of 2009. In 2010, net operating income was NOK 137.2 billion compared to NOK 121.6 billion in 2009. “

about 15 years ago
UK: Penspen Appoints New Managing Director of Engineering and Project Management
Business & Finance

UK: Penspen Appoints New Managing Director of Engineering and Project Management

The Penspen Group today announced that Ernie Lamza, its current Director of Offshore, has been appointed as Managing Director of the Engineering and Project Management (E&PM) side of the business, a new role which has been created in response to the company’s 400% growth in the past five years. Erni

about 15 years ago
Norway: ConocoPhillips Gets Consent for North Sea Drilling with Maersk Gallant Rig
Business & Finance

Norway: ConocoPhillips Gets Consent for North Sea Drilling with Maersk Gallant Rig

The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a drilling permit for well 7/11-12 S. Well 7/11-12 S will be drilled from the Mærsk Gallant drilling facility at position 57°0’54.51’’north and 2°36’13.54” east. The drilling program for well 7/11-12 S relates to the

about 15 years ago
Austria: Palfinger Marine Enters The Champions League of Offshore Crane Systems
Business & Finance

Austria: Palfinger Marine Enters The Champions League of Offshore Crane Systems

PALFINGER Marine’s development department has made the leap into the champions’ league of offshore crane systems with the design of the first PALFINGER “Heavy Duty Foldable” Marine crane for one of the world’s state-of-the-art research ships. PALFINGER Marine- und Beteiligungs-GmbH (PMB) is tapping

about 15 years ago
UK: Nexans Wins Umbilical Contract from Subsea 7 for Laggan-Tormore Gas Project
Business & Finance

UK: Nexans Wins Umbilical Contract from Subsea 7 for Laggan-Tormore Gas Project

Nexans, worldwide expert in the cable industry, has been awarded a contract by Subsea 7*, for the design, engineering and manufacture of a total length of 143km of static subsea electro-hydraulic control umbilicals for the Laggan-Tormore gas field development, 125km West of the Shetland Islands in t

about 15 years ago
Damen Delivers Cutter Suction Dredger to Kazachstan
Business & Finance

Damen Delivers Cutter Suction Dredger to Kazachstan

Damen Dredging Equipment has delivered from stock a CSD500 to Kazachstan. The cutter suction dredger has started on its first job, the creation of a new irrigation channel. The standard dredger has been fitted out with several options before leaving the Nijkerk yard. The CSD500 is a modularly buil

about 15 years ago
Nord Stream Project: World’s Biggest Submarine Pipeline Plough Arrives in the Baltic Sea
Business & Finance

Nord Stream Project: World’s Biggest Submarine Pipeline Plough Arrives in the Baltic Sea

Today, the world’s biggest submarine pipeline plough, PL3, arrived in the Baltic Sea on the deck of mother ship Far Samson. The subsea plough will be used to entrench the Nord Stream Pipeline in Swedish and Danish waters. Lowering of the pipeline below seabed level using PL3 ensures that the pipelin

about 15 years ago
UK: Encore Oil Announces Catcher North Oil & Gas Discovery
Business & Finance

UK: Encore Oil Announces Catcher North Oil & Gas Discovery

EnCore Oil plc announced that the Catcher North appraisal well 28/9-3 located in UK Central North Sea block 28/9 was drilled to a Total Depth of 5,265 feet Measured Depth (M.D.) having successfully encountered hydrocarbons in both the Tay and Cromarty Sandstone intervals. Pressure data suggests that

about 15 years ago
Statoil Reports Small Oil Discovery Near Sleipner Offshore Field (Norway)
Business & Finance

Statoil Reports Small Oil Discovery Near Sleipner Offshore Field (Norway)

Statoil Petroleum AS, operator of production licence 303, has completed the drilling of wildcat well 15/6-12, located about 12 kilometres north of Sleipner Vest in the central part of the North Sea. The purpose of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Hugin formatio

about 15 years ago
Repsol: Best European Energy Company for Leadership (Spain)
Business & Finance

Repsol: Best European Energy Company for Leadership (Spain)

Repsol has been chosen as Best European Energy Company for Leadership according to a study carried out by the International consulting firm Hay Group. This study, entitled Europe’s Best Companies for Leadership, evaluates the best companies on the continent in terms of the quality of their executive

about 15 years ago
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