Sartor Offshore has secured a contract 3 year firm + 5 yearly options with Ithaca Energy UK Ltd. Ocean Sprite expected to commence the new contract at Athena field in October 2011, as a field support vessel and ERRV. Ocean Sprite is a Multi Role Offshore Support Vessel (PSV/ Standby/ Rescue). The ve
The Statnett group reports a profit after tax of NOK 394 million for the first quarter of 2011, compared to a profit after tax of NOK 840 million for the same period in 2010. The Group’s total operating revenues for the first quarter of 2011 were NOK 1 652 million compared to NOK 2 270 […]
Classification society ABS announces the opening of an office in Stavanger, Norway to further extend its global reach and provide dedicated support to its growing Norwegian client base. Known for its leadership in offshore classification and technology, the society’s Stavanger office will be staffed
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces that it has signed an assignment agreement and associated documents (together the “Rig Contracts”) with Borders & Southern Petroleum plc. (“B&S”) and Ocean Rig 1
CGGVeritas announced today that it has signed an agreement with PetroVietnam Technical Services Corporation (PTSC) to create a marine joint venture company. The newly established company, PTSC CGGVeritas Geophysical Survey Company Limited, is 51% owned by PTSC and 49% owned by CGGVeritas and will de
CGGVeritas announced that it has signed an agreement with PetroVietnam Technical Services Corporation (PTSC) to create a marine joint venture company. The newly established company, PTSC CGGVeritas Geophysical Survey Company Limited, is 51% owned by PTSC and 49% owned by CGGVeritas and will deliver
Wind Towers Ltd, the joint venture between SSE (Scottish and Southern Energy plc) and Marsh Wind Technology Ltd, the UK subsidiary of Marsh Global Holdings Ltd, has completed the purchase of the Skykon wind turbine tower manufacturing and assembly plant at Machrihanish, Campbeltown, from its Adminis
CGGVeritas announced today that it has signed an agreement with PetroVietnam Technical Services Corporation (PTSC) to create a marine joint venture company. The newly established company, PTSC CGGVeritas Geophysical Survey Company Limited, is 51% owned by PTSC and 49% owned by CGGVeritas and will de
In conjunction with carefully selected industry partners L&N have successfully designed an industry unique SubSea H.I.P.P.S. package for the Norwegian sector. Managing Director, Alastair Chalmers comments ‘Using our latest 3D AutoCad software our team have engineered a solution which not only meets,
Nexen Inc. advises that it has finalized plans to upgrade the cooling system and return to full production at its Buzzard platform in the North Sea. The cooling medium is expected to be replaced by the end of May. During this period production will be limited to about 80,000 boe/d (gross). Nexen exp
CGGVeritas announced that it has signed an agreement with PT Elnusa Tbk to create a marine joint venture company. The newly established company, PT Elnusa-CGGVeritas Seismic, is 51% owned by Elnusa and 49% owned by CGGVeritas and will deliver 2D and 3D marine seismic acquisition services to oil and
STX OSV Holdings Limited , one of the major global designers and shipbuilders of offshore and specialized vessels, is announced that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping. The total value of the contracts amounts close
Tidewater Inc.announced fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year e
STX OSV Holdings Limited , one of the major global designers and shipbuilders of offshore and specialized vessels, is announced that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping. The total value of the contracts amounts close
