The companies have entered into an MOU which will lead to an operational business in the Netherlands by the first of July 2011. A new company will be established under the name “Ulstein IDEA Equipment Solutions b.v.” which combines ULSTEIN’s offshore vessel design, marine equipment packages and cons
On May 6, the Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. Rashid Javanshir, BP’s Regional President, said: “We are pa
DKSH, the leading provider of Market Expansion Services with a focus on Asia, provides marketing, sales, distribution, and after-sales services to IMS Dredges, the world’s leader in one truck transportable dredge systems. To help solve the persistent flood problem affecting Thailand DKSH introduces
Siem Offshore, an international supply and subsea shipping company, today announced results for the first quarter of 2011. The operating revenue for the first quarter was USD 68.9 million compared to USD 49.8 million for the same period of 2010. The operating margin was USD 21.8 million compared to
Siem Offshore, an international supply and subsea shipping company, today announced results for the first quarter of 2011. The operating revenue for the first quarter was USD 68.9 million compared to USD 49.8 million for the same period of 2010. The operating margin was USD 21.8 million compared to
Demonstrating its commitment to expanding its state of the art U.K. manufacturing presence, GE’s Oil & Gas business has officially opened a new wireline manufacturing and headquarters facility in Farnborough, Hampshire, United Kingdom. The facility brings the GE Oil & Gas—Downhole Technology platfor
This announcement is made by Mermaid Maritime Public Company Limited (“Mermaid”) with respect to its associated company Asia Offshore Drilling Limited (“AOD”). Mermaid refers to the construction of two high specification jack-up rigs by Keppel FELS Limited (“Keppel FELS”) for AOD. Mermaid announces
BG Group, the UK oil and gas company, saw profits fall by nearly £600m on higher North Sea taxes and unrest in North Africa. The group … By Andrew Trotman (Telegraph) [mappress] Source:Telegraph , May 10, 2011;
The growth in revenue that commenced in the second half of 2010 continued, as expected, in the first months of 2011. This was despite somewhat lower utilisation of the vessel fleet due to such factors as a higher number of planned dry dockings for regular maintenance and the unexpected cancellation
Hyperdynamics Corporation announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics’ concession offsh
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/154 development well. The Dzheitune (Lam) 28/154 well was drilled to a depth of 1,830 metres and completed as a single producer by the NIS rig. The
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced that its REMUS 100 AUV aided in the discovery of the World War I German submarine U-106, which had been missing since October 1917. The Royal Netherlands Navy (RNLN), which used t
Oil has been proven by Statoil and its partners Det norske oljeselskap ASA and Svenska Petroleum Exploration AS on the North Sea Krafla prospect. The well is located in block 30/11 around 26 kilometres south of the Oseberg South field. Based on preliminary calculations the size of the discovery is b
EnQuest PLC announces a farm in agreement with Fairfield Acer Limited (‘Fairfield’) for UKCS Block 9/28a – Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discovery. EnQuest already holds a 19% interest in the block, through its acquisition of Stratic Energy Corporation (‘
