Tony O’Reilly, Chief Executive of Providence Resources P.l.c., commenting on activity during 2010 and the future plans for 2011, said: “2010 has seen a huge amount of activity at Providence. We have assembled a balanced portfolio of drillable prospects while also ensuring that we have the appropriat
Talisman Energy Norge AS (TENAS) has been granted consent to drill three sidetrack wells on Varg A using the mobile drilling facility Mærsk Guardian. The Varg field is located in the southern North Sea, about 230 kilometres west of Jæren, and is part of production licence 038. The field has been in
Marathon Petroleum Norge AS has been granted consent to carry out exploration drilling for well 25/10-11 The well will be drilled in production licence 505 in the North Sea, about 40 km south of the Heimdal field and about 180 km west of Haugesund. The well has the coordinates N 59° 12′ 48.059”, E 0
The latest edition of the corporate magazine Prosafe NOW can now be downloaded from this web site. The magazine features amongst others articles about Prosafe’s future operations in Brazil, about the new group CEO, about the MSV Regalia – Safe Scandinavia rig change-out and about Prosafe’s safety fo
Dolphin AS, a subsidiary of Fred. Olsen Energy ASA , has entered into a Letter of Award with Premier Oil Norge AS for a one well drilling contract with the semi-submersible drilling rig Bredford Dolphin for operation on the Norwegian continental shelf. Commencement of the contract is estimated to Au
Aker Solutions has on 22 December 2010 entered into a share purchase agreement (SPA) whereby it has agreed to transfer operations within its Process and Construction business area to Jacobs Engineering Group Inc. (Jacobs), one of the world’s largest and most diverse providers of professional technic
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its Board of Directors has approved a share purchase program for up to a total of $25.0 million of common stock of its majority-owned subsidiary
Financing for the first phase of what will be the North Sea’s largest offshore wind farm has closed, with most of the funding commitment coming from the European Investment Bank. Eleven banks agreed to grant the request for 700 million euros ($918.82 million) for the first phase of the project. More
Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.
Mechanical engineering group EnerMech has acquired Aberdeen Valve Supplies Ltd (AVS) in a deal believed to be worth around £1.5 million. AVS and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd supply valves, valve controls and associated equipment and services to the oil, gas and petroc
Statoil has given Aker Solutions the assignment to build and install a compressor module on the Kristin platform in the Norwegian Sea. The module will help to improve recovery from the Kristin and Tyrihans fields. The engineering, procurement, construction and installation (EPCI) contract is for top
The Chairman of Clough Limited, Mr Keith Spence(Top row; 1st right to left), announced today that Chief Executive Officer, Mr John Smith, has advised the Board that he will be retiring from Clough around the fourth anniversary of his tenure, in August 2011. Clough has commenced an internal and exter
Xcite Energy Limited announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations. Key
ConocoPhillips has conditionally awarded a contract for engineering, procurement and construction (EPC) of the topside module for the Ekofisk 2/4 Z platform to Aker Solutions. The contract award is subject to project approval by the PL018 license group, and Norwegian authorities’ approval of the pla
