Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee
IDRECO has delivered last week in corporation with the Polish company LZG Leczyca a new Dredger to KGHM Polska Miedz in Lubin, Poland. KGHM is Poland’s biggest copper producer and is using the IDRECO Dredger to dredge sand for her Coppermine’s. Idreco delivered an ISD 300e Dredger with a working cap
If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o
Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch
US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its
Aberdeenshire-based ThinJack is celebrating record quarter year turnover thanks to increasing global demand for its bespoke services. Between April and June this year, ThinJack delivered sales of over £300,000 compared with just over £100,000 for the same quarter in 2009. The Westhill business is ra
Bjørge ASA will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company. The split will create two focused operations capitalizing on established market positions within the service sectors of the oil and gas industry. The two
Bibby Offshore Holdings Limited, the holding company of Aberdeen-based subsea construction and IRM firm, Bibby Offshore, has made two board appointments. Andrew Duncan and Jeremy Punnett have been appointed to the positions of business & commercial director and strategic & corporate development dire
Songa Offshore SE (“Songa” or the “Company”) announced that a wholly owned subsidiary of the Company has entered into an agreement to sell the drillship Songa Saturn to a wholly owned subsidiary of PetroSaudi Oil Services Ltd. (“PetroSaudi”) for net sales proceed of USD 260 million. As advised by th
A letter of agreement has been signed for the provision, lease and operation of a semi-submersible production facility for the Tubular Bells field in the Gulf of Mexico (GOM). The agreement allows SBM Offshore to start engineering and commit substantial hardware investment in the facility until fina
Statoil has awarded Aker Solutions the Sleipner Modifications Portfolio Agreement and the first project-specific agreements for engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner in the North Sea. The order is worth approximately NOK 900 million (approxi
KNOC has bought a 29.5% stake in Aberdeen-based oil company Dana Petroleum at the same price as last month’s hostile bid. [mappress] Source: UKfinanceyahoo,September 17, 2010,
Centrica plc, the parent company of British Gas, today announced that it has reached an agreement with A/S Norske Shell and Enterprise Oil Norge AS (Shell) to acquire its non-operated interests in the gas and oil producing Statfjord field in the Norwegian sector of the North Sea, and its associated
Providence Resources P.l.c. , („Providence‟), through its wholly owned subsidiary EIRGAS Limited („EIRGAS‟), is pleased to announce that it has selected international engineering and project management company AMEC to begin a conceptual development study for the ULYSSES salt cavern gas storage proje
