Business & Finance
UK: Breagh Development Drilling Starts. First Gas in 3Q
Development drilling operations have commenced at Breagh field in the UK Southern North Sea, Sterling Resources report. The Ensco 70 rig has been deployed to start the Breagh development drilling program in anticipation of first gas production from the field during the third quarter. Previously dril
Singapore: GL – Maritime Software Drives Energy Efficiency
Shipping is highly underinvested in modern software technologies. Only 0.7% of the investments that go into new vessels go into software technologies. With rising fuel prices and operating costs leaving the industry facing ever slimmer profit margins, Germanischer Lloyd (GL) experts showed how the i
Russia: Deep-Sea Submersible Identifies Lost Trawler Ametist
With the help of deep-sea submersible Panther Plus experts managed to identify trawler Ametist lost in the Sea of Okhotsk in Feb 2011, said press secretary of FSUE KamchatNIRO Maria Varkentin referring to director Oleg Lapshin who is coordinating the search operation on board research ship TINRO. “I
USA: Associated Terminals LLC Orders Its Seventh Gottwald Floating Crane
Associated Terminals LLC in Louisiana/USA is expanding its fleet of machines with its seventh Gottwald Floating Crane. A Generation 5 Model 8 crane variant will be starting commercial operation this month and will be one of the highest performance Floating Cranes handling bulk materials on the Missi
Singapore: Swiber Achieves Robust Revenue Growth in First Quarter 2012
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore oil and gas industry today reported robust revenue as the Group successfully executes on its full suite of services – EPIC, offshore marine and subsea services – for the various contracts sec
Norway: Statnett Reports Profit After Tax of USD 45 Million
The Statnett Group reports profit after tax of NOK 265 million for the first quarter of 2012. The corresponding figure for the same period in 2011 was NOK 394 million. The reduction was due to downward adjustment of tariffs for 2012 and lower congestion revenues in the period. In the first quarter o
Afren Strikes Oil at Ebok NFB, Offshore Nigeria
Afren plc announces that the Ebok North Fault Block exploration well, offshore south east Nigeria, has encountered 370 ft true vertical thickness (TVT) of net oil pay in excellent quality reservoir sands. The Ebok North Fault Block (“Ebok NFB”) exploration well was spudded on 12 April 2012 by Afren
The Netherlands: Imtech Marine, SHL Sign Support Contract for Second Crane Vessel
Imtech Marine’s Advanced Support Agreements, which include 24/7 remote Monitoring & Maintenance, are raising interest among ship owners. Recently, Seaway Heavy Lifting (SHL) signed a support contract for a second crane vessel. The Imtech Marine support agreement covers all of the systems onboard, in
Namibia: No Tapir Oil for Chariot
Chariot Oil & Gas Limited , an oil and gas exploration company focused on Africa, announces that the Tapir South (1811/5-1) exploration well in Northern Block 1811A in the Namibe basin offshore Namibia has reached a total depth of 4,879 metres TVDss. The the second well ever to have been drilled in
UK: CodaOctopus Signs Echoscope Agreement with Atlas Services
An important part of the TAP service is the provision of trained, expert operators who are able to ensure that the Echoscope is operating optimally as soon as it’s installed, and is providing imagery and recorded data to suit the customer’s requirements. CodaOctopus has entered into an agreement wit
USA: Virgin Oceanic First Manned Dive Testing
Virgin Oceanic sub has entered the manned test phase with the first free, off the hook testing. For the last two weeks the Oceanic team has been testing and improving launch and recovery and pulling together the details. The first manned test by Chief Pilot Chris Welsh was brief; life support was go
Ivory Coast Grants Gazelle Production Rights to Rialto
Rialto has received formal confirmation from the government of Côte d’Ivoire that Rialto has been granted an Exclusive Exploitation Area (“EEA”) over the Gazelle Field on Block CI-202. The EEA grants Rialto with the right to produce hydrocarbons from Gazelle over a tenure period of 25 years. The Gaz
Port Anniversary in Hamburg, Germany
This weekend, the German trade hub opened the gateway to India at Hamburg’s Port Anniversary, the world’s largest port festival. Once again, both countries displayed their close relationship as India presented itself to more than 1.5 million visitors at the INDIA FESTIVAL. Launch of “Days of India i
Cyprus: Songa Offshore’s Fleet Status Update for April
Songa Offshore, a Cyprus-based international offshore drilling company operating a fleet of 6 semi-submersible rigs with an additional 4 on order, has provided its fleet status update for April 2012: Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate