Fossil Energy
MOS, Subtech Win Subsea Contracts in Gulf of Thailand, Sakhalin and Qatar
Mermaid Maritime Public Company Limited (“Mermaid”) announced that its business units Mermaid Offshore Services Limited (“MOS”) and Subtech Qatar Diving and Marine Services LLC (“Subtech”) have been awarded a series of contracts from existing clients for the provision of subsea services to support o
Jee Ltd Expands to London, UK
Jee Ltd, a leading subsea engineering and training firm, has achieved a significant growth milestone by opening the company’s first London office. Jee took the decision to open a central London office to aid the company’s overall growth strategy, which will see the firm create 150 jobs in the UK ove
Cargotec Names New President and CEO (Finland)
Cargotec’s Board of Directors has in its meeting on 27 January, 2013 appointed Mika Vehviläinen (M.Sc. (Econ.), b. 1961, as Cargotec’s new President and CEO. Vehviläinen will start at Cargotec on 1 March 2013. Tapio Hakakari, Cargotec’s Vice Chairman of the Board, will continue as the interim Presid
Aker Solutions Acquires UK’s Enovate
Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited – a leading technology company within subsea well control equipment. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of uni
VIDEO: Statoil Explains How PRM Works
In this video, Norwegian oil company Statoil explains how Permanent Reservoir Monitoring tools can help increase oil production from Snorre and Grane fields, located offshore Norway. New seismic tools will result in 30 million extra barrels of oil from Snorre and Grane when Norway’s oil company Stat
Vroon Confirms Two PSVs Order in China
After COSCO Guandong shipyard from China today announced it has secured an order for two Plaform Supply Vessels from an undisclosed European client, the client revealed itself. Vroon, a Dutch company that owns a fleet of offshore support vessels, has confirmed it has ordered the two newbuilding PSVs
Saipem Ordered to Improve HSE Practices Following Rig Tilting Incident
The Petroleum Safety Authority Norway (PSA), the government’s body responsible for safety, emergency preparedness and the working environment in the petroleum activities in Norway, has issued an order to Saipem SpA Norwegian Branch (Saipem) following investigation of the ballast incident on the Scar
BP: New Valhall Platform Produces Oil (Norway)
BP today announced the successful start-up of oil production from new facilities at the Valhall field in the southern part of the Norwegian North Sea. Production started on 26 January. “The Valhall Re-Development Project is another significant milestone for BP and is an important investment in our N
GE Oil & Gas Announces New Projects and Products
GE Oil & Gas today announced new global projects and product launches as part of its ongoing commitment to key growth regions, technology development and helping customers optimize their efficiency. The investments and projects span a range of sectors including subsea, gas compression and enhanced o
COSCO to Deliver Two PSVs to European Client in 2015
China’s COSCO (Guangdong) Shipyard Co., Ltd has announced that two shipbuilding contracts signed with a European ship owner for the construction of two PX121 Platform Supply Vessels (PSVs) have been made effective on 28 January 2013 at a value of approximately US$54 million in total. Delivery of the
Norwegian Sea Could Store 5.5 Gigatonnes of CO2
The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the Norwegian Petroleum Directorate’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year. The mapping is a follow-up on the atlas from 2011 for the Norwegian part of the North Sea
Finalists for Offshore Achievement Award Revealed (UK)
Finalists for this year’s Offshore Achievement Awards have been named today {Monday 28 January}, in an announcement which celebrates the highest performing companies and individuals within the energy industry. The 2013 awards, which were launched in October by the Society of Petroleum Engineers (SPE
CGG Days from Buying Fugro’s Geoscience Branch
CGG, a seismic data acquisition & processing company based in France, announced today that the main agreements needed to close the acquisition of Fugro’s Geoscience Division have been signed. The effective date of the closing will be January 31st, 2013, with the exception of the airborne activity an
Statoil’s Well in PL 386 Comes Up Dry (Norway)
Statoil Petroleum AS, operator of production licence 386, has completed drilling of wildcat well 6610/10-1, located in the Norwegian Sea. The well is dry. The well was drilled about 120 kilometres northwest of Sandnessjøen and about 90 kilometres northeast of the Norne field, with the West Alpha sem