Fossil Energy
TTS Provides Cranes for Semi-Sub Rig in Azerbaijan
TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany, entered into an agreement for delivery of two 85 tonne lattice boom offshore cranes to Azerbaijan, with a total value of NOK 55 million. “This contract again confirms that TTS NMF has gained a foothold in the offshore market
Peterson Den Helder Extends ‘Rem Mermaid’ Contract
Rem Offshore ASA has extended the contract for the PSV vessel “Rem Mermaid” with Peterson Den Helder BV for two years. The firm contract period is now until 1th of July 2016. In addition there are until 2 years options. The extension is made at market terms. [mappress] Press Release, January 02, 201
Peter Voser Steps Down as Shell CEO
As previously announced, Peter Voser stepped down as Chief Executive Officer and as a director of Royal Dutch Shell plc with effect from 1 January, 2014, marking the end of 29 years with the company. He repatriated to his base country, Switzerland, and became an employee of Shell Switzerland, from 1
Atlantic Petroleum, Rocksource Enter Farm-In Deal
P/F Atlantic Petroleum announces that the Group has entered into a farm-in option agreement with Rocksource ASA regarding the PL528 licence in the Norwegian Sea. Through the farm-in option agreement, Atlantic Petroleum shall purchase five percent (5%) and has an option to purchase up to fifteen perc
Statoil Makes Oil & Gas Discovery at Askja
Statoil Petroleum AS, operator of production licence 272, in the Norwegian part of the North Sea is in the process of completing the drilling of wildcat wells 30/11-9 S and 30/11-9 A (Askja prospect). The well was drilled about 13 kilometres southeast of the 30/11-8 S discovery and about 35 km south
BW Offshore Buys VLCC. Eyeing FPSO Project for the Ship
BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (“DSME”). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed engineering studies and inspections of the VLCC sin
Happy New Year 2014!
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Most Read News of the Year 2013
Most Read News of the Year 2013
EMGS Enters Multi-Client Sales Deal for Barents Sea Data
Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement worth around USD 1.2 million for the provision of 3D EM data from EMGS’s multi- client data library in the Barents Sea, offshore Norway. In addition, the agreement contains an uplift model whereby EMGS will receive an undis
Snorre B Platform to Get New WOS from FMC Technologies
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of a Workover System (WOS) to be installed on the Snorre B platform in the Norwegian part of the North Sea. The award has an approximate value of $114 million in revenue. Th
Eni Completes Acquistion of Firenze FPSO
Saipem today announced that, following the sale of the entire share capital of the company Floaters S.p.A. to Eni, it has now completed the sale to Eni of Firenze FPSO, as notified to the market on 11 and 12 December 2013. The value of the agreement is around $463 million. Under the deal, Eni has ac
KBR Wins Shah Deniz Stage 2 Engineering & Procurement Contract
KBR today announced that it was awarded a contract by BP Exploration (Shah Deniz) Limited to provide detailed engineering and procurement support services for the Shah Deniz Stage 2 Project located in the Azerbaijan sector of the Caspian Sea. It will be booked into backlog in Q4 2013. This contract
Harkand Orders DSCV from VARD
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a contract with a new customer, Harkand Group (Harkand), for the design and construction of one Diving Support and Construction Vessel. The value of the contract exceed
Siem Offshore Orders 4 Dual-Fuel PSVs from Remontowa
Siem Offshore has entered into shipbuilding-contracts with Remontowa Shipbuilding S.A. in Poland for four dual fuelled Platform Supply Vessels. The vessels will be of VS 4411 DF design. Siem Offshore has currently two vessels of similar design under construction for delivery in 2014 and 2015, and