Teitur Poulsen has been appointed as Chief Financial Officer of the Det norske oljeselskap ASA. He most recently served as Group Economics and Corporate Planning Manager of Lundin Petroleum AB in Geneva. He has worked for Lundin since 2006, and previously as chief economist and business analyst in F
STX Norway Offshore has through its subsidiary STX Brazil Offshore entered into a new contract for the building of one Anchor Handling Tug Supply vessel for Norskan Offshore in Brazil. The vessel is scheduled for delivery at the end of 2013. This vessel is the third in a series of new AH 11 designs
After an extremely difficult period for the families that lasted more than 19 days, it is with great relief that the crisis management team of Jan De Nul Group confirms the release and good health of the 2 crewmembers of the trailing suction hopper dredger Amerigo Vespucci. The two crewmembers were
Hess Corporation today announced the completion of two transactions that bring Hess’ interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent respectively. On Sept. 29, Hess and Shell concluded a strategic trade in which Hess assumed Shell’s 28.0
RWE Dea announced today the signature of a suite of agreements providing for the processing and redelivery at the Teesside Gas Processing Plant (TGPP) of gas to be produced from its operated Breagh gas field in the UK North Sea, including agreements to facilitate the construction of a 10km long onsh
Norwegian Energy Company ASA has signed an agreement to sell its shares in the Norwegian oil fields Oselvar and Enoch to Marubeni Corporation (Marubeni). Noreco’s main focus is finding oil and gas, and over the last years we have built a strong track record of exploration success. The final proof of
French Jifmar Offshore Services has ordered two Saab Seaeye Cougar XT ROVs for a new Algerian contract. This important new project will involve work at three different oil terminal points where the ROVs will be used for inspection, maintenance and repair (IRM) tasks on structures, pipes, manifolds a
Financial Results for the Half Year ending June 30th 2010 Revenues for the first half of 2010 were up 8.3% to €11.335 million from €10.464 million due to increased volumes, product mix and the strength of the dollar relative to the euro. The average oil price per barrel achieved in H1 2010 was $78.4
BP is to create a new safety division with sweeping powers to oversee and audit the company’s operations around the world. The Safety & Operational Risk function will have authority to intervene in all aspects of BP’s technical activities. It will have its own expert staff embedded in BP’s operating
Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the initial contracted period is March 28, 2011, and the charter for FPSO Sevan Hummingb
Damen Dredging Equipment has replaced the submersed dredge pump drive of the sand mining dredger “Maas”. The dredger, built by Damen back in 1986, is still owned by its first owner, the dredging company Geluk. The operation included the removal of the former hydraulic drive, the engineering and fitt
Wintershall Norge ASA has received consent to carry out exploration drilling in the northern North Sea with the mobile facility Songa Delta. The consent applies to drilling of exploration well 35/12-3 S, which is part of production licence 378. The well is located approx. 120 km northwest of Bergen
Nautical Petroleum plc announced that it has entered into a farm-in agreement to acquire up to a 65% interest in the Standard Exploration Licence 2/07 containing the Nemo heavy oil discovery. Nemo is situated approximately 60 kilometres offshore Ireland in the North Celtic Sea Basin in c. 90 metre w
Technip has been awarded a contract, worth approximately €70 million, by Total E&P UK Limited, as operator of the Islay Gas Field, to deliver a full EPCI(1) project in the UK North Sea. The Islay field is located in the North Sea, 440 kilometres north-east of Aberdeen, in 120 metres of water depth.
