CGGVeritas announcedthat it has signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The joint venture will provide seismic data acquisition services for the oil
Environmental bank could start as a fund owing to fears of adding to deficit, says environment secretary Chris Huhne The government’s… (u) [mappress] Source: u, December 16, 2010
In connection with a routine inspection of the Kristin platform(photo) in the Norwegian Sea at the end of last week, a high temperature was discovered on the outside of an exhaust duct on one of the gas turbines. The temperature was higher than considered acceptable and a decision was taken to stop
An ambitious global taskforce charting a course to a sustainable future for the shipping industry received a major boost today with the announcement of six elite new members. The Sustainable Shipping Initiative (SSI) is joined by: Cargill, which runs a charter fleet of more than 300 vessels; South K
A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen (photo) and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in
Energean Oil & Gas announces the inauguration of the new drilling operations in the Prinos oil field, aiming to increase oil production to 5,000 bbls/day, in accordance with the company’s “Prinos5000” project. The project was officially inaugurated in an opening ceremony held last week in Kavala by
Aibel AS is opening an office in Harstad after the company was awarded the contract for maintenance and modification work on the Norne field. Over 20 employees have already been employed to work at this office, which opens today. ‘Our opening of an office in Harstad is a reflection of both optimism
ALLEN & Overy (A&O), Watson Farley & Williams (WFW) and White & Case bagged roles on what is reported to be the largest-ever financing for… By Andrew Pugh (istockanalyst) [mappress] Source: istockanalyst, December 15, 2010
Siem Offshore has entered into an agreement for the sale of the 2007 built PSV ‘Siem Mollie’. PSV ‘Siem Mollie’ of VS 470 mk II design has been sold to an Asian buyer at a price of approx USD 32 million. The vessel is scheduled to be delivered to its new owner within December […]
In 2010 Statoil started production on three new fields, delivered a plan for development and operation (PDO) of two new fields and chose concepts for two of our main improved recovery projects. Statoil’s strategy is to maximise the value on the Norwegian continental shelf (NCS), and its goal is to m
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that it plans to drill a second production well on the Jacky fi
Statoil has decided to install a new compressor module on the Kristin platform together with the Kristin and Tyrihans licence owners. The module will increase recovery from the field. “The investment decision will result in increased reserves and accelerated production, prolonging the lifetime of th
Det norske oljeselskap ASA, operator of production licence 341, is in the process of completing the drilling of wildcat well 24/12-6 PG. The well has been drilled about 75 km north of the Sleipner field. The primary exploration target for the well was to prove petroleum in the Upper Jurassic (the Dr
IHC Merwede is delighted to announce that alternative fuels have been used in the dredging process for the first time. The company ran a pilot test in which energy derived from hydrogen was the sole source used to power the electrical equipment on board a dredger. The sustainable energy test took pl
