Fossil Energy
Norsafe Reaches Record Order Backlog (Norway)
Norsafe has received orders for 400 million NOK (approx. 69 million USD) over the course of one month, reinforcing its role as the world’s leading manufacturer and supplier of maritime lifesaving systems. During October 2012 the sales department signed contracts for a value greater than NOK 400 mill
Aalberts Industries Acquires BSM Valves (The Netherlands)
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of BSM Valves B.V. in the Netherlands. BSM Valves specialises in high performance valves, mainly for the oil and gas market. The acquisition will take effect after all the formalities for the acquisition have been comple
BW Offshore: Papa Terra FPSO Costs Up $75 Million
The EPC conversion project FPSO P-63 (Papa Terra) has today left the COSCO Dalian yard in China for its voyage to Brazil with a planned short stop-over in Singapore for refueling. Estimated arrival in Brazil is in February 2013, where the final integration of the remaining six modules will take plac
Subsea 7 Secures $70 Mln Subsea Costruction Contract (UK)
Subsea 7 S.A. today announced the award of a $70m contract for subsea construction services associated with pipeline replacements North East of Shetland. A key part of the project is the fabrication and installation of 27km of replacement pipeline, and associated tie-ins to the existing infrastructu
Statoil, Wintershall Pen Long-Term Gas Sales Deal
Statoil ASA Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of a total of 45 billion cubic meters (bcm) to the German and other North-West European markets. “This strategic agreement demonstrates the continued competitiveness of Norwegian natural gas in the G
DW: $77 Bln to Be Spent on Subsea Vessel Ops by 2017
Douglas-Westwood forecast that approximately $77bn will be spent on subsea vessel operations in field development, inspection, repair & maintenance (IRM) and subsea well intervention between 2012 and 2016. This is an increase of 63% over the preceding five-year period. Global vessel demand for these
DeepOcean Installs Subsea Tree at Skuld Field (Norway)
DeepOcean has for the first time installed a subsea X-Mas tree from the specialised IMR vessel Edda Fauna. This is a milestone in the company’s IMR work for Statoil. DeepOcean has three ships that work year round performing several hundred different annual inspection, maintenance and repair work ann
Senergy Strengthens Management Team (UK)
Global leading energy services company Senergy has strengthened its management team with three senior appointments. The company, which provides fully-integrated project and asset development services across the energy industry, has appointed Rhys Medler to the newly created role of Vice President in
Troll C Resumes Production (Norway)
Norway’s state-controlled oil company Statoil today announced that production on the Troll C platform in the North Sea has been resumed, following a shutdown on 15 November due to corrosion found in some tanks on the auxiliary system for treating gas. “A great effort has been made during the weekend
DOF Subsea Secures Multiple Contracts Worth $50 Mln
DOF Subsea Group has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico over the last couple of weeks, with a total contract value of about USD 50 million. In the Asia Pacific region DOF Subsea has secured several contracts for a four month campaign offshor
Transocean Appoints Interim Senior VP (Switzerland)
Transocean Ltd. announced yesterday, November 18, that, effective immediately, Allen M. Katz, has joined the company and will serve as Interim Senior Vice President and General Counsel through June 30, 2013. Subject to mutual agreement, Katz’s employment with Transocean can be extended through Decem
Marin Teknikk Designs New Vessel for Otto Candies
Norway’s Marin Teknikk AS will design and engineer a new Subsea Support & Construction vessel for Otto Candies LLC in Des Allemands, Louisiana, USA. The vessel will be built on the owner’s private shipyard, Candies Shipbuilders. The ship is a new design from Marin Teknikk called MT6020. The MT6020 d
Lundin Completes Drilling at PL490 (Norway)
Lundin Petroleum AB is in the process of completing the drilling of exploration well 7120/6-3 S in PL490 in Barents Sea, offshore northern Norway. . The well targeted two levels in the Snurrevad-Juksa prospect situated 10 km north west of the Snøhvit field. The main objective of the well was to prov
Statoil: Coal Emissions Higher than Those from Oil and Gas (Norway)
“One of the great challenges of our time is to meet the world’s increasing demand for energy, while at the same time tackling the global climate challenges in a responsible manner,” says Statoil CEO Helge Lund at the 2012 Autumn Conference. Statoil believes that more forceful international measures