Subsea excavation and dredging specialist Scanmudring has formed a strategic alliance with the Marin Group to further expand global operations and build on an already strong reputation. Scanmudring UK Ltd has signed a formal memorandum of understanding with Marin Group under which both are now suppl
A transaction worth US$2 billion on the sale of Devon Energy company’s share in the Azerbaijani oil and gas project “Azeri-Chirag-Guneshli” will be concluded with British BP on August 16, Devon’s representatives said at the presentation of the report for the second quarter of 2010. According to the
Heerema Vlissingen, one of the three production locations of Heerema Fabrication Group (HFG), has been awarded the EPC contract of a minimum facilities platform for the Breagh A Development. This is the second contract this year to be awarded by RWE Dea UK to Heerema Vlissingen, following an award o
Songa Venus achieved operating efficiency of 96% during the month, the rig continued its work on the first out of 3 firm wells for Shell Development (Australia). Shell confirmed and exercised first out of 3 optional wells, this well has further been assigned to MEO Australia Limited. Songa Mercur ac
Unions have won a tribunal case on behalf of workers at Cleveland Bridge who were made redundant following the collapse of the SeaDragon contract on Teesside. Darlington-based Cleveland Bridge announced 140 jobs losses last year after being compelled to stop work on the offshore contract. Oil firm S
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $100 million. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bun
Hess Corporation announced today that it has agreed to sell $1.25 billion of notes with a 5.60% coupon maturing on February 15, 2041 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc. and RBS Secu
Idreco deliverd a new ship for the company Vicat in France. This dredger is situated in Ville franch in the neigbourhood of Lyon. Technical details: * suctiondepth 18m * Idreco 400 pump * 355 Kw motor * jetpump 280m3/10 * 160 Kw motor * 22 Kw suction pipe winch * 4x 5,5 Kw winch * […]
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has entered into a global technology partnership agreement with CRC-Evans Pipeline International (CRC-Evans) that will lead to both companies providing a range of enhanced pipeline fabric
RWE Dea UK announced today that the contract for the engineering, procurement and construction (“EPC”) of a minimum facilities platform for the Breagh A Development has been awarded to Heerema Vlissingen B.V. (“Heerema”). This is the second contract this year to be awarded by RWE Dea UK to Heerema,
Norwegian Energy Company ASA today presents its second quarter 2010 results, with EBITDA of NOK 269 million, 59% higher than in previous quarter, and a net result of NOK -6 million, compared with NOK -21 million. Q2 results Oil and gas production was 13,125 barrels of oil equivalents (boe) per day,
TGS’ CEO Robert Hobbs said .”As previously noted, our sales in the second quarter were negatively affected by a delay in the announcement of Norway’s 21st licensing round as well as some early effects of regulatory uncertainty in the U.S. Gulf of Mexico. In contrast, we have seen increased activity
Ithaca has entered into an agreement to acquire certain UK North Sea gas interests from GDF SUEZ E&P UK Ltd for a cash consideration of GBP 11.25 million (approximately US $16.9 million) (the “Acquisition”). The Acquisition includes operated interests in the producing Anglia Field, for which the ass
Serica Energy plc today announces its financial results for the three and six months ending 30 June 2010. Highlights: Operational: •Production rates at Kambuna increased during first half of the year – average gas sales of 35 mmscfd in June and 39 mmscfd in July •Kambuna field operator has reduced i
