Business & Finance
Norway: Statoil, Centrica Nail Down USD 1.6 bln Assets Sale
The transaction following Statoil’s divestment and exit from several licenses on the Norwegian Continental Shelf (NCS) in November last year is now closed. The buyer was the UK based energy company and established NCS player Centrica and the consideration was USD 1.525 billion. An additional payment
Norway: DNV Increases Its Arctic Focus
The Arctic has large oil and gas resources and operations in this sensitive and harsh area will require efficient oil-spill preparedness solutions. “The acquisition of Norwegian Petro Services (NPS) in Norway and its recognised expertise will play an important role in our activities in this field,”
Eidesvik Sells Two Supply Vessels Employed in Brazil
Eidesvik has entered into sales agreements of USD 64 million for the two supply vessels Viking Surf (built 2002) and Viking Thaumas (built 2005). Both vessels are employed on contracts in Brazil. The deliveries of the vessels are expected to take place in the first half of May 2012. The company will
Norway: Edda Accommodation Enters Two New Contracts
Edda Accommodation, a company controlled by Østensjø Rederi, has recently signed two new contracts for the accommodation vessel Edda Fides. Based on the experience with Edda Fides, the company is now building two new accommodation units. By entering into two new contracts, Edda Accommodation has sec
OTC 2012: GE’s System Improves Decision Making in Stressful Offshore Situations
GE Energy’s Power Conversion business today previewed its new insight management system, a decision-making aid and capital asset management product for the offshore industry at OTC in Houston, Texas. Offshore ships and platforms are complex environments where vast quantities of data exist and are di
ATP Spins Drill Bit at Shimshon Well Offshore Israel
ATP Oil & Gas Corporation (NASDAQ:ATPG) and its wholly-owned subsidiary ATP East Med B.V. have initiated drilling at the Shimshon well in the Levant Basin of offshore Israel with the Ensco 5006 drilling unit. The Shimshon well is in a water depth of 3,622 feet with a target depth of 14,764 feet. Aft
OTC 2012: Weir Launches Five New Products for Upstream Market (USA)
The Oil & Gas division of the Weir Group PLC (Weir) today launches five new products, in line with its strategy of being an innovative supplier to the upstream oil and gas markets. The new products broaden its portfolio, expanding its addressable market by over US$500m. They include the Duralast(TM)
Pancontinental Awards Fugro-Geoteam with 3D Seismic Survey Contract Offshore Kenya
A contract for a 3D seismic survey in Pancontinental’s licence area L6 offshore Kenya has been awarded to Fugro-Geoteam AS. Pancontinental’s interest in the L6 licence is 40%. The survey will cover 680 sq| km and is budgeted to cost $13.67 Million (Pancontinental share $5.5 Million). Licence area L6
Norway: CTC Marine Projects, Trico Offshore and DeepOcean Become One
CTC Marine Projects Ltd., Trico Offshore Ltd. and Deep Ocean AS, all subsidiaries of DeepOcean Group Holding AS, announced that they are rebranding and changing name to DeepOcean. “The move is more than a name change,” says DeepOcean Group CEO Bart Heijermans. “We will operate as one company offerin
Fugro-Geoteam AS Lands Seismic Survey Job Offshore Kenya
A contract for a 3D seismic survey in Pancontinental’s licence area L6 offshore Kenya has been awarded to Fugro-Geoteam AS. Pancontinental’s interest in the L6 licence is 40%. The survey will cover 680 km2 and is budgeted to cost $13.67 Million (Pancontinental share $5.5 Million). Licence area L6 of
UK: Scientists to Showcase Cutting-Edge Sensor Technology on Open Laboratory Day
Academics from the Robert Gordon University and the University of Aberdeen working together as part of the Scottish Sensor Systems Centre (S3C), will host an Open Laboratory Day for Subsea Sensor Technologies on Tuesday May 22. The event will offer professionals working in sectors which use sensor a
Cargotec Opens New Offshore Service Centre in Houston (USA)
Cargotec’s new offshore service centre in Houston supports its global service capabilities for an ever expanding multi-national customer base while also ensuring that it services local market needs. To further expand its offshore service capabilities, Cargotec has established a new offshore service
Norway: Awilco LNG Extends Charter Contract for WilGas with Petrobras
Awilco LNG announced that the LNG vessel WilGas has been extended on a two year contract with Brazilian oil major, Petrobras. The contract will commence on expiry of the existing contract in early November this year and is expected to contribute with an annualized EBITDA number of approximately USD
ConocoPhillips Hires DOF Subsea for Works in North Sea
Norwegian-based specialist subsea service company DOF Subsea Norway has secured a contract with ConocoPhillips under the current frame agreement for Diverless Marine and Subsea Services. The contract is for debris removal utilising DOF Subsea’s construction support vessel the Skandi Skolten. The wor