Fossil Energy
GE Equips Hornbeck’s Vessels with DP Technology
Imagine holding a 100-meter long, subsea construction vessel in position as it lowers with its 250-ton crane, heavy subsea modules to the seabed. GE’s Power Conversion takes the guess work out of complex dynamic positioning (DP) operations with its advanced human-machine interface (HMI) and returns
Norwegian Petroleum Industry Makes NOK 344 Bln
In the National Budget 2014, the Norwegian State’s net cash flow from the petroleum industry is estimated at almost NOK 344 billion in 2013. Taxes account for NOK 207 billion of this amount, while the State’s Direct Financial Interest (SDØE) contributes approximately NOK 123 billion. The remainder,
8,500 Visitors Expected at Offshore Energy 2013
Everything is falling into place at the exhibition floor of the 6th edition of the Offshore Energy event in Amsterdam, the Netherlands, as the exhibitors put the final touches on their stands. Over 500 offshore companies will be showcasing their latest developments and products in three exhibition h
Hertel UK Offshore Division Secures USD 19.1 Mln Worth of Contracts
Hertel’s UK Offshore division has secured new contracts worth £12 million (USD 19.1 million) in the last six weeks in spite of growing pressure from overseas competition. This influx of new business incorporates Hertel Offshore’s complete range of services from FEED and new build accommodation with
Aquaterra Energy Expands Its Team (Norway)
Aquaterra Energy has confirmed its position as a leading offshore engineering solutions provider for drilling challenges off Norway with the opening of a new office in Stavanger. Newly appointed Sales Manager Arne Harald Egge will be driving the Aquaterra Energy business in Norway and his appointmen
Production Starts from Breagh Gas Field (UK)
RWE Dea UK has started gas production from the Breagh gas field located in the UK Southern North Sea. The first three wells brought into production had an initial total flow rate of 2.75 million cubic metres of gas per day. Total reserves of the Breagh field are estimated at approximately 19.8 billi
Songa Offshore Names New COO
Songa Offshore SE strengthens its Management Team with the Appointment of Mark Bessell to the position of COO. Bessell will report to CEO Bjornar Iversen and will start in his new position 21st October 2013. “I have been working closely with the Board of Directors to create what we believe to be the
Seadrill Limited Sells T-16 Tender Rig to Seadrill Partners
Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire t
Top News of The Week October 7 – 12, 2013
Pilot Dies in Gulf of Mexico Helicopter Crash. Two Injured A helicopter carrying three workers who had just completed their offshore shifts crashed today in the U.S. Gulf of Mexico, around 30 miles north of Venice. The pilot died, two of workers sustained severe back injuries, one was unharmed. He
Van Heck’s Sea Trophy Decreases Oil Spill Risk
Van Heck is world renowned for its water management systems ideally suited to the maritime and dredging industries, and with its latest innovation they have created the potential to eliminate one of the largest and most damaging risks to both the economy and the environment; all wrapped up in a tiny
Blue Water Takes Part in FPSO Projects
For many years, Blue Water has provided logistics solutions for the oil & gas industry including solutions for the construction of special FPSO vessels (Floating, Storage, Production and Off-loading). Recently, Blue Water was chosen as a business partner for two comprehensive projects. SBM Offshore
ROVOP Names New Finance Director (UK)
Subsea specialist ROVOP has appointed a finance director to further strengthen the company’s position for future growth. Alan Shanks takes up the post and also joins ROVOP’s Board of directors, bringing extensive experience in successfully facilitating and managing strategic business expansion from
Havila Shipping Signs Long Term Vessel Contracts
Havila Shipping has entered into a new contract with Subsea 7 for the Havila Subsea. The contract is for a firm period of one year and will keep the vessel working for Subsea 7 to the end of 2014. The contract includes two optional periods each of one year. Havila Shipping has entered into a [&helli
Vermilion Energy Buys Northern Petroleum Nederland
Vermilion Energy Inc. announces that it has completed its previously announced transaction with Northern Petroleum Plc. whereby Vermilion, through its wholly-owned subsidiary, has acquired 100% of the shares of Northern Petroleum Nederland B.V. NPN is the Netherlands subsidiary of UK-based Northern.