Business & Finance
Analysts Visit Afren’s Ebok Field Facilities, Offshore Nigeria
Afren announced that it hosted an analyst site visit to the Ebok field production and storage facilities, located offshore south east Nigeria, on the 14th of November 2011. Ebok Phase 1 production currently at 15,800 bopd, is steadily being increased towards upper end of targeted 17,000 bopd. Four o
Peru: Wison Group Secures CX-15 Platform Construction Contract for Corvina Field
Shanghai-based Wison Offshore & Marine Ltd., an upstream oil and gas division of the Wison Group, has secured contracts to engineer, procure and construct the world’s first Buoyant Tower drilling and production platform. The facility, which will be known as the CX-15 platform, will be supplied for B
UK: BG Group Makes Changes to its Board as Part of Succession Process
BG Group, a world leader in natural gas, announced today changes to its Board and Group Executive Committee (GEC). These changes, effective immediately, will ensure BG Group continues to deliver its growth plans and will enhance succession planning at the Executive level. • Chris Finlayson will beco
NKT Cables Reports Third Quarter Results (Germany)
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For NKT Cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
China: CIC, GPS, Richtech and Morimatsu Team Up to Form Strong Player in Offshore Industry
CIC, GPS, Richtech international engineering Inc. and Morimatsu (JMO) signed G.R.M.C. strategic memorandum of understanding on a signing ceremony in Shanghai on 11 Nov, 2011. CIC general manager, Mr. Wu Chengye, GPS CEO Mr. Ian F Prescott, Richtech CEO Mr. Yan Zhou and Morimatsu (China) general mana
USA: TETRA Technologies Adds Thomas R. Bates to its Board
TETRA Technologies, Inc. announced that its board of directors has increased the size of the board from nine to ten members and has appointed Thomas R. Bates, Jr. to fill the vacancy created by the increase. Mr. Bates will serve as an independent director. Stuart M. Brightman, TETRA’s President and
FPSO Aseng Starts First Oil Production, Offshore Equatorial Guinea
SBM Offshore, a Dutch supplier of systems and services to the global offshore oil & gas industry reported today that FPSO Aseng commenced first oil production on 6 November 2011 on the Aseng field located in approximately 1,000 meters of water in Block I, offshore Equatorial Guinea. This major proje
Bermuda: Frontline Sells its Suezmax Tanker Front Delta
Frontline Ltd. has entered into an agreement to sell its 1993-built double hull Suezmax tanker Front Delta. Delivery to the buyer is expected to take place in late November 2011 and the vessel will cease to operate in the tanker market. The sale will result in a net cash outflow of approximately $1.
Strategic Marine Expands its Presence in Australia
Western Australian shipbuilder Strategic Marine will expand its presence in the state’s North West, establishing a new facility at the SINWA site in Karratha. The operation has been established to meet the demands of Strategic Marine’s growing number of clients in the offshore oil and gas sector for
Russia: SCF Group Marks 5th Anniversary of Its LNG Fleet
SCF Group marked five years of work as an independent gas operator of liquefied natural gas (LNG), making a breakthrough into a new market segment, previously unavailable for Russian companies. Today, the SCF fleet has six LNG vessels and two LPG (liquefied petroleum gas)tankers, which are servicing
NKT Cables Announces Q3 Results (Germany)
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For nkt cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
Wison Group to Build CX-15 Platform for Corvina Field, Offshore Peru
Shanghai-based Wison Offshore & Marine Ltd., an upstream oil and gas division of the Wison Group, has secured contracts to engineer, procure and construct the world’s first Buoyant Tower drilling and production platform. The facility, which will be known as the CX-15 platform, will be supplied for B
UK: Alnmaritec Announces Delivery of WFSV Dalby Esk
Alnmaritec, the specialist aluminium boat builder based in Northumberland, recently announced the delivery of ‘Dalby Esk’ the second of the new ‘Wave Master ‘class of wind farm support vessels, to Dalby Offshore Renewables. The new vessel has a multi-purpose capability for survey and dive support as
Chevron Brasil Responds to Oil Seeps and Sheen in Vicinity of Frade Field
Chevron Brasil Upstream Frade Ltda is responding to oil seeps and a subsequent sheen that has occurred in the vicinity of the Chevron operated Frade project located 370 kilometers (230 miles) offshore north east of Rio de Janeiro, Brazil in water depths of approximately 1200 meters (3800 feet). Base