Business & Finance
Australia: Karoon Gas Updates on Browse Basin Drilling Progress
Karoon Gas Australia Ltd advises that at 08:00 hours (WST) today, the well was ready to make up the 12-1/4” bottom-hole drilling assembly prior to running in the hole to drill ahead. Since the last report a 36” hole was drilled, the conductor was run and cemented at 572 m, a 17-1/2” hole was drilled
UK: Total’s Islay Field Comes On Stream
Total announces first production from its Islay gas field in the Northern North Sea, 440 kilometers north-east of Aberdeen. Total operates and fully owns the Islay field, which was discovered mid 2008 and is mainly located in Block 3/15 of the United Kingdom sector and partly in Blocks 29/6a and 29/
BP to Use Safe Caledonia in UK North Sea
Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the use of Safe Caledonia conducting accommodation support at the Andrew Area Development Project in the UK sector of the North Sea. On site operations are planned to commence end-2012, with a firm period through
UK: The Underwater Centre Trains First Ever Angolan Saturation Divers
The Underwater Centre in Fort William has recently finished training the first ever Angolans as saturation divers. Antonio Quetes and Antonio Njiva, who work for Angolan oil and gas service provider Operatec LDA, were taking part in the three-week HSE Closed Bell course. The HSE Closed Bell course t
Energinet Commences Work on Two Danish Wind Farms
Yesterday, Energy Minister Martin Lidegaard asked the state-owned company Energinet.dk to start feasibility studies for two proposed wind farms, 400MW Horns Rev 3 and 600MW Kriegers Flak. The work includes studies of marine mammals, birds and how parks could affect navigation. Energinet.dk will also
Denmark: ERRA AS Canceles Last Newbuilding Contract
ERRA A/S announced that it has canceled the last newbuilding contract with Rushan Shipyard Co. Ltd, as a part of the company’s reconstruction policy. Previously, Erra A/S concluded contracts for delivery of three new chemical tankers with the Chinese shipyard Rushan Shipyard Co. Ltd. in Rushan. The
USA: Bowtech Products to Present at Offshore Technology Conference 2012
Bowtech Products Ltd., a market leading manufacturer and supplier of cameras, LED lighting, connectors, fiber optic multiplexers and slip rings for use in underwater or hazardous area applications, to any ocean depth, has announced that they will be exhibiting at the Offshore Technology Conference (
Russia: Pella Shipyard Inks Shipbuilding Contract with Ministry of Defense
Recently, JSC Pella shipyard signed the contract with Ministry of Defense of Russia for the construction and delivery of 4 multifunction complex port service vessels on the base of project 03180, two of the vessels will be transferred to the customer this year. Just few days later, the shipyard succ
China: CNOOC Production Down Due to Penglai Oilfield Shutdown
CNOOC Limited today announce its results for the first quarter of 2012. In this quarter, the Company achieved a total net production of 79.8 million barrels of oil equivalent (BOE), representing 6.3% decrease year over year (YoY) mainly due to the suspension of production of Penglai 19-3 oilfield at
Canada: Agreement with EDC Enables Cecon to Take Delivery of Three Subsea Vessels
Cecon ASA has received an acceptance from Export Development Canada (EDC) for Cecon ASA’s proposal to acquire the rights in the USD 200 million EDC financing received by Cecon ASA February 2009. Cecon ASA will proceed to negotiate a final purchase and sale agreement whereby EDC will sell their right
NewSat to Partake in 2012 Offshore Technology Conference (USA)
NewSat’s top executives will participate in the 2012 Offshore Technology Conference (OTC) in Houston, Texas. The annual event aims to promote the development of offshore resources by fostering exchange of knowledge in the fields of oil exploration, drilling , environmental protection and production.
Bakker Sliedrecht Reaches Milestone in Entrance to Chinese Maritime Market
This month, the first of four water-cooled frequency drives manufactured in China will be delivered to Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC) in Shanghai. These deliveries are the confirmation that a new milestone has been reached in Bakker Sliedrecht’s entrance to the Chinese maritime ma
Australia: Austal Expands Its Presence in Key Markets
Austal has taken further steps in implementing its strategy to regionalise its operations to better serve and grow its international client base. Following the acquisition of its Philippines shipyard last year, the company has now broadened its sales and support organisations in the key Europe, Asia
Norway: Island Offshore Chooses Rolls-Royce to Design and Power Its New Vessel
Rolls-Royce, the global power systems company, has been selected by Island Offshore to design, power and equip an advanced subsea construction vessel. The versatile UT 737 CD vessel will support the most demanding subsea projects, including constructing and servicing oil and gas wells on the sea bed