AGR Group, the Norwegian supplier of services and technology to the oil and gas sector, released its annual report on 29 April. At the end of 2010 the Group reports EBITDA of 304 million NOK. This is up from 35 million NOK in 2009. Group CFO Svein Sollund said: “During the economic downturn we made
Technip was awarded a 10-year master agreement by BP Exploration and Production, Inc. The agreement covers the design, procurement and construction of hulls and mooring systems for Spar(1) platforms to be located in the Gulf of Mexico, as well as the design of top tension risers(2) for dry tree unit
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDR’s Marine Cables division. JDR Marine Cables designs and produces special marine cables for oil and g
The load out operation for Reshadat field’s P4 jacket started on Wednesday 27, April 2011 at around noon and ended the following morning at 2:30 a.m. on Thursday. According to IOEC Public Relations Department the dimensions of P4 and its weight of 3200 Mt makes it an exceptional Jacket. The jacket w
Paradigm Oilfield Services is today launching a drilling reamer with a unique pressure-controlled on/off mechanism, enabling operators to drill ahead without having to pull the tool out of the hole to reset it. The patent pending hydraulic Real Time Activation Drilling Reamer is triggered by standpi
Sanmina-SCI Corporation , a leading manufacturing solutions company, today announced specialized services to help oil and gas companies be more competitive with scalable capacity near the world’s major exploration and production operations. Sanmina-SCI’s array of design, engineering and manufacturin
Foster Wheeler AG announced that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and contrac
Foster Wheeler AG announced today that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and c
Oceanic Research and Recovery Inc. , a marine salvage and exploration company, announced that team members have discovered two shipwrecks in the Philippines. Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to
LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) has acquired from Quad Energy S.A., a private petroleum company, a 50% interest in the Production Sharing Agreement for the Hanoi Trough-02 (НТ-02) offshore block. The transaction is subject to certain conditions precedent, and among other things the
Subsea 7, will mark its new beginning to the global oil and gas industry at this year’s Offshore Technology Conference (OTC) in Houston, Texas, where its presence is bigger than ever before. Subsea 7 Inc. and Acergy S.A. merged in January this year, bringing together two very strong subsea companies
Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has entered into a LOI with an international oil company regarding acquisition of 4C seismic data in West Africa. The intention is to conclude the final contract during May and start up of the project will be in Q2. The w
Qatar Navigation, through its wholly owned subsidiary Halul Offshore Services Company (HOSC), announce that it has taken delivery of its newest vessel. Khalifa Mohamed Al-Hitmi, Chief Executive Officer of Halul Offshore Services Company, announced that the company will launch its newest addition to
