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Business & Finance

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BP Awards AMEC Major Brownfield Contract in Azerbaijan Worth USD 600 Million
Business & Finance

BP Awards AMEC Major Brownfield Contract in Azerbaijan Worth USD 600 Million

AMEC, the international engineering and project management company, has been awarded a major brownfield contract by BP Azerbaijan, covering both their onshore and offshore assets in the region for five years with two possible four-year extensions. The US$600 million Engineering and Small Projects co

about 15 years ago
USA: WFS and EV Offshore Sign Agreement to Make EV’s New Subsea Camera ‘Go Wireless’
Business & Finance

USA: WFS and EV Offshore Sign Agreement to Make EV’s New Subsea Camera ‘Go Wireless’

WFS Technologies announces an agreement with EV Offshore, to provide wireless capability for EV’s new subsea video camera; the Neptus WSC, launched at OTC 2011 in Houston. WFS Technologies founded in 2003, is the world’s leading supplier of Radio and Acoustic Solutions for communication, navigation

about 15 years ago
Norway: Siemens and Østensjø Rederi Develop New Diesel-Electric Propulsion System for Offshore Vessels
Business & Finance

Norway: Siemens and Østensjø Rederi Develop New Diesel-Electric Propulsion System for Offshore Vessels

Siemens and Østensjø Rederi have developed a new diesel-electric propulsion system that uses less fuel and will set new environmental standards for offshore vessels. The new system will reduce NOx and emissions of greenhouse gases, more than today’s systems using gas operation. The system will be in

about 15 years ago
Siemens Energy Wins Several Contracts to Supply Topside Solutions for FPSO in Brazil
Business & Finance

Siemens Energy Wins Several Contracts to Supply Topside Solutions for FPSO in Brazil

Siemens Energy has been awarded several contracts for the supply of topside solutions including power generation, water injection and power distribution packages for a Brazilian FPSO (Floating, Production, Storage and Offloading) project. Purchaser for the power generators and power distribution sys

about 15 years ago
USA: Petrobras CEO Holds Press Conference at OTC 2011
Business & Finance

USA: Petrobras CEO Holds Press Conference at OTC 2011

Petrobras’ CEO, José Sergio Gabrielli de Azevedo, granted a press conference yesterday (03/05) during the 2011 Offshore Technology Conference, in Houston, United States. Gabrielli was accompanied by the executive manager for Petrobras’ Research Center, Carlos Tadeu Fraga; the executive manager for t

about 15 years ago
OTC 2011: Paradigm Lands USD 400K Contract to Supply Equipment for Drilling in Greenland
Business & Finance

OTC 2011: Paradigm Lands USD 400K Contract to Supply Equipment for Drilling in Greenland

Paradigm Oilfield Services today announced it has secured a $400,000 contract to supply equipment for a drilling operation in Greenland. The Aberdeenshire headquartered company revealed at the Offshore Technology Conference in Houston that it is this week delivering the shipment, which includes its

about 15 years ago
KCA DEUTAG to Provide Drilling Services at Statoil’s Kvitebjorn Gas Field, Offshore Norway
Business & Finance

KCA DEUTAG to Provide Drilling Services at Statoil’s Kvitebjorn Gas Field, Offshore Norway

KCA DEUTAG, the leading international drilling and engineering contractor, has won a competitive tender for a new drilling contract from the international energy company Statoil to provide drilling services at the Kvitebjørn gas and condensate field on the Norwegian Continental Shelf. The contract i

about 15 years ago
Germany: GL Noble Denton Announces New Guideline for Certification of Blow-out Preventers
Business & Finance

Germany: GL Noble Denton Announces New Guideline for Certification of Blow-out Preventers

GL Noble Denton has published a new Guideline for the certification of blow-out preventers (BOPs). The Guideline clearly defines the process to be undertaken by independent third party certification bodies in certifying the integrity of the asset, which monitors and controls the flow of oil and gas

about 15 years ago
Canadian Company Thin Red Line Aerospace Completes First Undersea Energy Storage Structure
Business & Finance

Canadian Company Thin Red Line Aerospace Completes First Undersea Energy Storage Structure

Canadian firm Thin Red Line Aerospace has completed the first structure specifically designed and built for undersea compressed air energy storage (CAES). The structure, also referred to as an “Energy Bag”, is to be anchored to the seabed off the coast of Scotland next month as part of a major renew

about 15 years ago
Australia: Tap Oil Announces Spud of Finucane South-1 Exploration Well
Business & Finance

Australia: Tap Oil Announces Spud of Finucane South-1 Exploration Well

Tap Oil Limited (“Tap”) provides the following update on the Finucane South-1 exploration well, offshore Carnarvon Basin, Western Australia. Location/Proposed Depth The Finucane South-1 well is located in permit WA-191-P, in the northern end of the Carnarvon Basin. The preliminary well location is l

about 15 years ago
USA: Endeavour Releases First Quarter 2011 Financial and Operational Results
Business & Finance

USA: Endeavour Releases First Quarter 2011 Financial and Operational Results

Endeavour International Corporation reported adjusted EBITDA for the first quarter of 2011 was $4.1 million compared to $9.7 million in the first quarter of 2010. On a GAAP basis, net loss was $(7.5) million for the first quarter of 2011 as compared to $(15.2) million for the same quarter in 2010. “

about 15 years ago
Norway: Bristow Wins Contract Extensions for its Offshore Helicopter Services
Business & Finance

Norway: Bristow Wins Contract Extensions for its Offshore Helicopter Services

Bristow Group Inc. a leading provider of helicopter services to the offshore energy industry, announced today that it has been awarded a renewal contract for work in Norway valued in excess of $167 million in revenue. William E. Chiles, President and Chief Executive Officer, said, “Our recent succes

about 15 years ago
RWE Dea Strikes Gas in North El Amriya Concession, Offshore Egypt
Business & Finance

RWE Dea Strikes Gas in North El Amriya Concession, Offshore Egypt

RWE Dea Egypt has announced a further gas find in the North El Amriya concession. The company, as operator, holds a 100% stake in this concession. The NEA 4x strike is about six kilometres east of the NEA 3x find confirmed in January in the offshore concession North El Amriya, some 40 kilometres nor

about 15 years ago
Norway: Siemens, Ostensjo Rederi Setting New Environmental Standards for Offshore Vessels
Business & Finance

Norway: Siemens, Ostensjo Rederi Setting New Environmental Standards for Offshore Vessels

Siemens and Østensjø Rederi have developed a new diesel-electric propulsion system that uses less fuel and will set new environmental standards for offshore vessels. The new system will reduce NOx and emissions of greenhouse gases, more than today’s systems using gas operation. The system will be in

about 15 years ago
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