Business & Finance
Germany: First A2SEA Wind Turbine Installation Vessel Nears Completion
The first A2SEA wind turbine installation vessel equipped with Voith Schneider Propellers and Voith Inline Thrusters is nearing completion. Voith has now been awarded the contract to outfit another vessel with this propulsion system. The new vessel with a crane capacity of 900 tons is scheduled to e
Croatia: Viktor Lenac Celebrates Delivery of New Floating Dock RI-38
On 22nd May 2012 Viktor Lenac celebrated the Formal Delivery of the New Floating Dock RI-38 in the Ukraine’s Pallada Shipyard. On 6th June 2012 the dock commenced its voyage down the Dnipro river to its estuary on the Black sea, via the Bosphorus and the Dardanelles into the Meditteranean sea. The d
Santos Closer to Developing Caldita and Barossa Gas Discoveries (Australia)
Santos today announced that it had entered into an agreement with ConocoPhillips and SK E&S (SK), an affiliate of South Korean conglomerate SK Group, to progress the development of the Caldita and Barossa gas discoveries located in the Timor Sea. Prior to the agreement, Santos held a 40% interest in
UK: National Hyperbaric Centre Appoints Three New Experts
A specialist North-east oil and gas industry support and training facility has expanded its team following continued growth in business. The Aberdeen-based National Hyperbaric Centre (NHC) has made three key appointments to its training and consultancy departments increasing the in-house team to 24
GBP 425 Million Lincs Offshore Wind Farm Secures Funds
Lincs Wind Farm Limited, a joint venture between Centrica plc, DONG Energy and Siemens Project Ventures GmbH, has finalised agreements to provide non-recourse project finance facilities for the 270MW Lincs offshore wind farm. The facilities, totalling £425 million, will be provided by a consortium o
UK and Norway Agree Major Energy Partnership
Prime Minister David Cameron and the Norwegian Prime Minister Jens Stoltenberg agreed a landmark energy partnership between the UK and Norway designed to secure affordable and sustainable long term energy supplies. The Norway-UK Energy Partnership for Sustainable Growth heralds closer collaboration
AWE Provides Update on Atlas-1 Drilling (Indonesia)
AWE Limited reports that at 0600 hours today (local time) the Atlas-1 exploration well, located offshore Indonesia, was at a measured depth of 613 metres. Indications of both methane and carbon dioxide have been detected whilst drilling within the upper part of the Kujung carbonate reservoir section
Bergen Gets Technical Maintenance Contract for Norwegian Navy Frigates
Bergen Group BMV has been awarded a contract with the Norwegian Armed Forces’ logistics organization for the ship technical maintenance of the Navy’s frigate class for the next two years. The contract includes an option for one-year extension for further three years. For the first two years, the con
Centrica, Statoil Sign MOU for Joint Gas Exploration in UK and Norway
Centrica plc, the parent company of British Gas, and Statoil ASA today signed an extension to their Memorandum of Understanding (MoU) to collaborate on gas-focussed exploration opportunities in Norway and the UK. The original MoU, which was signed in November 2011, has already resulted in the compan
Indonesia: OSRL Attended 36th IPA Convention and Exhibition
OSRL exhibited at the Jakarta Convention Centre at the 36th IPA Convention and Exhibition from 23 – 25 May 2012. Themed “Working Together to Meet Indonesia’s Energy Needs”, the event saw members from the Indonesian Petroleum Association (IPA) and the oil and gas community gathering to share local in
UK: OSLR, SWRP to Launch Well Capping System
The oil and gas industry is set to benefit from internationally deployable well capping equipment, following collaboration between Oil Spill Response Limited (OSRL) and the Subsea Well Response Project (SWRP). Working closely with SWRP, OSRL is making an integrated intervention system available to t
Swedish Minister for Infrastructure Visits MMT
On 4-5 June 2012, the Swedish Minister for Infrastructure Catharina Elmsäter-Svärd visited MMT head office in Gothenburg, Sweden. The purpose of the visit was to introduce high-tech marine survey and its challenges and opportunities to the minister. Ola Oskarsson, founder of MMT, invited the ministe
UK: SWRP and OSRL Develop New Subsea Well Capping System
The oil and gas industry is set to benefit from internationally deployable well capping equipment, following collaboration between Oil Spill Response Limited (OSRL) and the Subsea Well Response Project (SWRP). Working closely with SWRP, OSRL is making an integrated intervention system available to t
UK: Betty Knutsen Transfers First Oil Cargo from Athena Field
Ithaca Energy Inc. announces initial peak gross oil production rates from the Athena field of 22,000 barrels of oil per day (“bopd”) (4,950 bopd net to Ithaca) as metered into the BW Athena’s storage tanks. Oil export operations have commenced. The flow from each of the four oil production wells is