Remi Eriksen will take up the position as Chief Executive Officer of DNV Maritime and Oil & Gas on 1 March. Following its acquisition of the majority shareholding in KEMA, DNV is now establishing a group structure with three companies to manage the strong multiple industry positions it now holds. DN
PSA Norway, the government’s body responsible for safety, emergency preparedness and the working environment in the petroleum activities in Norway has carried out an inspection on the Gjøa facility, located in Norwegian North Sea. During the period 5-8 December 2011, the Petroleum Safety Authority N
PSA Norway has granted consent to Norske Shell for removal the dedicated standby vessel on the Draugen field. The Draugen field is located in the Norwegian Sea at a water depth of 250 metres. The field was discovered in 1984 and recovery started in October 1993. An updated impact assessment was carr
Two bids have been placed so far for Cove Energy’s all issued or to be issued shares. Shell’s subsidiary, Shell Bidco, recently offered USD 1.56 billion for Cove, but Thai energy company PTTEP lifted the bar and offered USD 1.77 billion. Still, the bidding process seems to be far from over. The Time
Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III safely from the Persian Gulf to a location offshore Rio de Janeiro, Brazil. The total voyage over a distance of 10,625 miles was performed with an average speed of 6.0 knots. ODN Delba III is a semi submersible drilling rig
Swedish Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with current contract with Lundin Norway AS. The contract
Spanish oil company, Repsol, posted a net income of EUR 2.193 billion in 2011, 53.3% lower than that recorded in 2010 and which included the one-time gain from the agreement between Repsol and China’s Sinopec in Brazil. Earnings were negatively affected by external factors such as the armed conflict
Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring o
French based, international oilfield services provider, Technip, has secured two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the
Rowan Companies, Inc., a major provider of international and domestic offshore contract drilling services with a leading position in high-specification jack-up rigs, announces that in the 4th quarter 2011 the company generated net income from continuing operations of $33.1 million or to $35.1 millio
A/S Norske Shell has awarded Aibel AS a contract for modifications to the Draugen platform. The contract value is estimated at around NOK 6 billion (USD 1.07 billion). The contract will run for six years and has options for an additional two plus two years. “This is fantastic. Norske Shell is a new
Nord Stream AG won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy security in the
Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in the North Sea. Estimated contract value is NOK 1 billion (USD 179 million). The main object of the project is to extend the technical lifetime
The Norwegian Petroleum Directorate’s 2011 prize for improved recovery will be awarded on the opening day of ONS in August. Director General Bente Nyland has taken the initiative to move the award ceremony to ONS. “The Norwegian Petroleum Directorate and the ONS management have discussed the possibi
