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Business & Finance

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The Netherlands: Dockwise Bags 4 Heavy Marine Transport Contracts Worth $ 45 million
Business & Finance

The Netherlands: Dockwise Bags 4 Heavy Marine Transport Contracts Worth $ 45 million

Dockwise Ltd. today announces four awards for Heavy Marine Transport (HMT) Projects that include an FPSO, two jack-up rigs and a power barge. Total revenues for these various commitments are almost $ 45 million. Dockwise was awarded a contract with HHI (Hyundai Heavy Industries Co., LTD.) for the tr

about 16 years ago
DEME Group Engages Wilhelmsen Ships Service for Fleet Maintenance
Business & Finance

DEME Group Engages Wilhelmsen Ships Service for Fleet Maintenance

Belgian company DEME Group, which operates a fleet of over 80 dredging vessels, another 200 auxiliary vessels and specialised equipment, has appointed Wilhelmsen Ships Services as specialized supplier for maintenance products and technical gases globally Wilhelmsen Ships Service has started the cont

about 16 years ago
Marine Subsea UK Praised After Successful Job for Repsol in Spain
Business & Finance

Marine Subsea UK Praised After Successful Job for Repsol in Spain

MARINE Subsea (UK) was praised yesterday after completing a £656,000 contract for operator Repsol at the Casablanca platform, offshore Spain. The firm used its multipurpose offshore intervention vessel Sarah to prepare subsea equipment for installation work scheduled for next year and to modify traw

about 16 years ago
Norway: Dong E&P Norge Gets a Green Light for Production Drilling on Trym Field
Business & Finance

Norway: Dong E&P Norge Gets a Green Light for Production Drilling on Trym Field

The Petroleum Safety Authority Norway (PSA) has given Dong E&P Norge AS (Dong) consent to carry out production drilling on the Trym field with the mobile drilling facility Maersk Giant. The Trym gas/condensate discovery 3/7-4 was proven in 1990, and is located in the far south of the North Sea, just

about 16 years ago
Norway: ConocoPhillips Allowed to Work on Ekofisk with Maersk Gallant Rig
Business & Finance

Norway: ConocoPhillips Allowed to Work on Ekofisk with Maersk Gallant Rig

The Petroleum Safety Authority Norway (PSA) has given ConocoPhillips Skandinavia AS (COPSAS) consent to carry out well work on Ekofisk 2/4 Bravo with the mobile drilling facility Mærsk Gallant. The consent covers plugging and drilling of a sidetrack from an existing production well. According to the

about 16 years ago
JF Hose Opens Large Bore Hose Division (UK)
Business & Finance

JF Hose Opens Large Bore Hose Division (UK)

JF Hose have opened a large bore hose division at its Leyland factory specialising in production of hand-built rubber hoses for dredging, dockside oil and heavy industrial applications in sizes 2″ to 40″ diameter and lengths up to 12 metres. The factory has on-site rubber compounding, calendering an

about 16 years ago
UK: Xcite Energy Enters into Binding Contract for Ocean Nomad Rig to Drill at Bentley Field
Business & Finance

UK: Xcite Energy Enters into Binding Contract for Ocean Nomad Rig to Drill at Bentley Field

Xcite Energy today announced that it has entered into a binding contract for the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley field, with an expected spud date around the middle of September subject to the current rig programme. This timing is viewed as entirely satisfact

about 16 years ago
Italy: Petroceltic to Suspend Elsa-2 Permit Due to New Drilling Restrictions
Business & Finance

Italy: Petroceltic to Suspend Elsa-2 Permit Due to New Drilling Restrictions

Petroceltic International plc , the independent oil & gas exploration company focused on the Middle East, North Africa and Mediterranean region, today announces that due to continued uncertainty regarding the application of the proposed decree to restrict drilling in the Italian seas, Petroceltic It

about 16 years ago
Norway: Aibel Wins $430 M Topside Construction Contract from Statoil
Business & Finance

Norway: Aibel Wins $430 M Topside Construction Contract from Statoil

Aibel won the contract amid strong international competition. It embraces engineering, procurement, and construction of the platform deck and processing facility and mating with the steel jacket. The contract is worth about NOK 2.7 billion (Approximately USD $$431 Million). “This award followed stro

about 16 years ago
Switzerland: Noble Corporation Report $218 million Earnings for 2nd Q 2010
Business & Finance

Switzerland: Noble Corporation Report $218 million Earnings for 2nd Q 2010

Noble Corporation reported second quarter 2010 earnings of $218 million, or $0.85 per diluted share, versus $392 million, or $1.49 per diluted share, for the second quarter of last year. Results for the quarter include approximately $0.06 per share due to a higher than anticipated effective tax rate

about 16 years ago
RWE Dea to Invest USD $3.6 Billion in Gas Project in Egypt
Business & Finance

RWE Dea to Invest USD $3.6 Billion in Gas Project in Egypt

RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned compan

about 16 years ago
Norway: Noreco Sells 20% Interest in PL378 to Talisman Energy
Business & Finance

Norway: Noreco Sells 20% Interest in PL378 to Talisman Energy

Norwegian Energy Company ASA has entered into an agreement to sell its 20% interest in PL378 to Talisman Energy Norge AS for a consideration of USD 43 million. The license contains the Grosbeak oil discovery. “We are pleased to be part of the exploration success and to be able to monetize the Grosbe

about 16 years ago
Norway: BW Offshore Signs FPSO Contract Worth $875 Million
Business & Finance

Norway: BW Offshore Signs FPSO Contract Worth $875 Million

BW Offshore has signed a contract with Kangean Energy Indonesia (“KEI”) for a gas FPSO to operate on the Terang Sirasun Batur (“TSB”) fields in Indonesia. The partners of KEI are PT Energi Mega Persada (50.0%), Mitsubishi Corporation (25.0%) and Japan Petroleum Exploration (25.0%). BW Offshore has s

about 16 years ago
UK: Rolls-Royce Wins New Offshore Orders Worth GBP 80 Million
Business & Finance

UK: Rolls-Royce Wins New Offshore Orders Worth GBP 80 Million

Rolls-Royce, the global power systems company, has won orders to design and equip five offshore and special purpose vessels plus options worth in total around £80 million in the last few weeks. Rolls-Royce has signed a contract with Italian shipyard, Rosetti Marino Spa, for delivery of an integrated

about 16 years ago
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