Fossil Energy
Singapore’s Sembcorp to Build Ivar Aasen PDQ for $726 Mln
SMOE, a wholly-owned subsidiary of Sembcorp Marine, has secured a contract worth about S$900 million ($726 million) from Det norske oljeselskap ASA, Norway for engineering, procurement and construction of the Process, Drilling and Quarters Platform (pdQ) Topsides to be installed at a water depth of
Statoil to Continue Production on Glitne Field (Norway)
Statoil has received a new consent to use Glitne, which includes the Petrojarl 1 production and storage facility with associated subsea wells. Production on the Glitne field started in 2001. However, additional resources that were discovered in the field have made it possible to operate the field fo
Bergen Group to Replace Compressor Motor on Troll A
Bergen Group Rosenberg AS has been awarded a Letter of Intent by Statoil, for the replacement of a compressor motor on the Troll A platform in the North Sea, offshore Norway. The replacement is required due to a breakdown of the existing motor requiring an immediate and efficient operation to be per
Boskalis Increases Ownership in Dockwise. Holds 41 Pct (The Netherlands)
Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired 127,799 ordinary shares in Dockwise (the Shares) in the course of trading yesterday. All these Shares were acquired through Euronext Amsterdam and were purchased at an average price of EUR 18.50 per Share with a maximum pric
San Leon Gives More Time to Potential Durresi Block Partners (Albania)
San Leon today announced it is hosting a data room for a number of parties, including major multi-nationals, interested in farming-in to its Durresi Block, offshore Albania, that contains the Alban Structure and where the Company holds a 100% operated interest. The data room timetable has been exten
Saipem, Eni Pen Drilling Contracts Worth $1.2 Billion (Italy)
Italy’s Saipem today announced it has has signed offshore drilling contracts with Eni, for an approximate value €900 million (USD 1.21 billion). Under the agreement Eni will extend the charter of the Saipem 10000 drillship for a period of 5 years, starting from October 2014. Eni will also extend the
Statoil to Complete 50 Exploration Wells in 2013
Norway’s Statoil today announced fourth quarter 2012 net operating income of NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. According to Reuters, the numbers beat market expectations. “2012 was a year of strong strategic and operational progress for Statoil. We grew our produ
Subsea UK 2013: New Subsea Player Aiming at Turnover of $1 Bln
A new subsea oil and gas group, Harkand, chaired by oil and gas industry veteran Tom Ehret, is launching today with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister
Statoil Gets Green Light to Use Floatel Superior LQ Rig (Norway)
Statoil has received consent to use the Floatel Superior mobile living quarters facility during a period of high activity. Statoil has received consent to use the Floatel Superior mobile living quarters (LQ) facility for accommodation during a period of high activity on the Oseberg field centre in t
UK’s Subsea Firms Expect Significant Growth in 2013
Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. A survey of Subsea UK members revealed that 100% of firms are predicting significant growth in the next 12 months. Almost half expect to grow by 30% and a third by more [&hel
Subsea UK 2013: Ecosse Subsea Showcases ‘Game-Changing’ Techology
Ecosse Subsea Systems has this week unveiled a game-changing pipelay technology at Subsea UK 2013 in Aberdeen. The subsea technology firm has developed and patented a rigid pipelay system which can be deployed from smaller, more readily available vessels and which will slash schedules and installati
ROVOP Signs New Contracts. Takes Delivery of New ROV (UK)
Rapidly growing and award winning subsea specialist ROVOP has made a strong start to 2013 after expanding its management team and signing £3.5 million of contracts in January alone. The company, which provides subsea remotely operated vehicle (ROV) services, has bolstered its management team with th
Glacier Offshore Creates Offshore and Engineering Divisions (UK)
International oilfield services specialist Glacier Energy Services is refocussing its business structure with the creation of specific Offshore and Engineering divisions, and appointment of managing directors to lead those operations. Glacier Offshore comprises the Roberts Pipeline Machining and Sit
Stork Secures Subsea Work with North Sea Operator
Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, today announces the company has secured more than £15 million of new work with a major North Sea operator in the past month. The contract awar