Business & Finance
VIDEO: Total to Pump Heavy Mud into Gas Leaking G4 Well at Elgin (UK)
French supermajor Total said an important progress in stopping the leak on the G4 well on the Elgin complex was made on May 4 when the semi-submersible drilling rig, the West Phoenix, moved within the current exclusion zone ready to position itself directly alongside the complex. The dynamically pos
UK: Total Conducts Further Operations on Stopping Elgin Gas Leak
An important advancement in stopping the leak on the G4 well on the Elgin complex was made on 4 May when the semi-submersible drilling rig, the West Phoenix, moved within the current exclusion zone ready to position itself directly alongside the complex. This dynamically positioned rig will be the m
Russia: Rosmorport Acquires Dredger
On May, 4th 2012 the signing of the acceptance-transfer acts for the self-propelled bilge dredger «Ivan Cheremisinov», purchased by FSUE “Rosmorport” for the needs of the Astrakhan branch, took place. At this moment the vessel is located in the Tuapse seaport, where it is passing the customs clearan
NPD Grants Statoil a Drilling Permit in Norwegian North Sea
The Norwegian Petroleum Directorate on Friday granted Statoil Petroleum AS a drilling permit for wellbore 34/7-35 S, cf. Section 8 of the Resource Management Regulations. Wellbore 34/7-35 S will be drilled from the Ocean Vanguard drilling rig at position 61°18’3.71”N and 2°12’18.88”E in Norwegian pa
ERRIA Sells Fifth Vessel to Uni-Tankers (Denmark)
ERRIA, a shipping company specialized in providing administrative ship management, announced that it has sold and transferred vessel named Erria DORTHE in Doc 4 at Fayard in Munkebo on May 3, to the Uni-Tankers shipping line. Erria DORTHE is the fifth of nine vessels that the company is planning to
NASSCO Launches US Navy’s Resupply Ship USNS Cesar Chavez
General Dynamics NASSCO on Sunday, May 6, launched the U.S. Navy’s newest resupply ship, USNS Cesar Chavez (T-AKE 14). The ship is named in honor of Cesar Estrada Chavez, the labor leader who founded the National Farm Workers Association (NFWA). The Saturday evening ceremony took place at the NASSCO
Germany: PNE WIND Announces Q1 Figures
Developments progressed as expected for the wind farm project developer, PNE WIND AG, during the first quarter of the financial year 2012. Consequently, the company was already able to conclude a successful transaction in the sale and handover of the “Kemberg II” onshore wind farm during the first t
Fairmount Sherpa Tows Rig ODN Tay IV to Brazil
Fairmount Marine’s tug Fairmount Sherpa has towed the rig ODN Tay IV from Las Palmas towards al location offshore Rio de Janeiro, Brazil. For this job Fairmount Marine was contracted by Odebrecht Oil and Gas for the third time in a row. ODN Tay IV is a semi submersible drilling rig for deep water op
Norway: StormGeo Announces Strategic Partnership with DNV
DNV has, as part of a strategic partnership with StormGeo, acquired the right to purchase 22,7 % of StormGeo’s shares through a mutually convertible capital issue. The core focus of StormGeo will remain within the fields of oil exploration, renewable energy as well as shipping, media and aviation. F
Italian Shipbuilder Fincantieri Delivers Costa Fascinosa
Costa Fascinosa, the new flagship of Costa Cruises, was delivered to the cruise line on Saturday, May 5, by shipbuilder Fincantieri in Venice, Italy. Officially handed over at the Venice Passenger Terminal, Costa Fascinosa — with sister ship Costa Favolosa — is the largest Italian-flagged cruise shi
Aker Solutions Opens Office in Ålesund, Norway
Aker Solutions is establishing an office in Ålesund, Norway, to connect with the engineering competence in the region and thereby facilitate further growth for the oil services company. The Ålesund region and its marine industry is renowned for highly skilled and competent engineers. The new office
Brazil: Petrobras Domestic Output Cut in March
Brazil’s state controlled oil company Petrobras announced that a combined domestic and foreign oil and natural gas output in March stood at an average 2,599,969 barrels of oil equivalent per day (boed). Output in Brazil averaged 2,346,477 boed and foreign output stood at 253,492 boed. Of total domes
Scottish Minister for Energy Welcomes Ofgem’s Review of Transmission Charging
Minister for Energy Fergus Ewing responded to Ofgem’s review of transmission charging. He said: “We have Europe’s best renewable energy resources, yet the unfair system of locational charging continues to result in Scotland facing the highest charges in the UK, while subsidies are paid to generators
Norway: Aker Solutions Opens Alesund Office
Aker Solutions is establishing an office in Ålesund, Norway, to connect with the engineering competence in the region and thereby facilitate further growth for the oil services company. The Ålesund region and its marine industry is renowned for highly skilled and competent engineers. The new office