Petrofac, the international oil & gas facilities service provider, has confirmed that its Offshore Engineering & Operations business has secured a new contract with Britannia Operator Limited (BOL). The deal, worth $54 million over five years with a further five year extension option, will see Petro
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 $75 million. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bund
Despite a difficult economic climate in 2009, DEME succeeded in strengthening its position on the national and international markets. Thanks to its strategy of geographical spreading and the diversifi cation of its activities (such as dredging, lifting works, offshore-related and environmental activ
Debt-laden Dutch builder Royal BAM said it had negotiated new covenants and maturities for its loans with banks, paving the way for its planned 250 million euros ($349.5 million) rights issue. Saddled with debt after suffering heavy loses in the property market, the largest listed construction group
Leica Geosystems releases its next-generation, cutting-edge, 3D guidance system for excavating construction machines, Leica PowerDigger 3D. Leica PowerDigger 3D expands Leica Geosystems’ unique PowerSnap concept, which provides total flexibility and interchangeability of machine control… [mappress]
Centrica Energy has received consent to conduct exploration drilling in the Norwegian Sea using the West Alpha semisub. The consent relates to the drilling of exploration well 6407/12-3, which is part of production license 470. The well is located about 126 kilometers north of Kristiansund and ten k
France-based Technip has been awarded a three-year framework contract for the design, fabrication and supply of flexible pipe products for projects in Norway by Statoil. The framework contract will be executed by the group’s operating centre in Oslo, Norway. It covers the supply of flexible risers,
Northern Offshore UK, a subsidiary of Northern Offshore, which is engaged in the provision of offshore contract drilling equipment and operating services for offshore oil and gas operators, has received a contract from Perenco UK, for the jackup Energy Enhancer. The contract is for a one-well progra
Tsakos Energy Navigation is reportedly close to signing a contract worth US$620 million for a new ultra-deepwater drillship, to be built at a South Korean yard. The order will be placed on condition that Tsakos firms up a five-year time-charter with a national oil company. The vessel to be ordered w
Seadrill has a letter of intent from Statoil for a new harsh environment jackup to drill on the Norwegian continental shelf. The five-year contract has an estimated value of around $650 million, including a $24-million mobilization fee, and is due to start in summer 2011. Statoil has an option to ex
Wind and swell subject dredging and offshore vessels at sea to dramatic dynamic forces. Cutter ladders, suction tubes, spud carriers, lay pipes and risers ‘connect’ the moving vessel to the rigid sea floor… [mappress] Source: IHC Merwede, P&D Magazine
EnQuest is the combination of Petrofac’s UK North Sea fields with those of Swiss group Lundin Petroleum. It contains assets such… [mappress] Source: Telegraph,April 7,2010
Construcciones Navales del Norte (La Naval de Sestao) of Spain’s Basque country delivered the “Simon Stevin” to Jan de Nul in February. Driven by a diesel-electric propulsion system comprising a series of MAN Diesel 32/40 engines, the new addition to the Belgian group’s fleet is the world’s largest…
Topaz Energy and Marine yesterday said it has taken delivery of the Caspian Protector vessel to be deployed in Azerbaijan in support of a 10-year $ 225 million ( Dh826m) BP contract. SUPPLIED Caspian Protector is designed for emergency recovery and response, standby duties and fire fighting Another
