President of Russia’s LUKOIL, Vagit Alekperov, and the Governor of the Astrakhan Oblast Alexandr Zhilkin have recently attended a ceremony in Astrakhan to lay a corner stone for offshore oil and gas facilities at V. Filanovsky field. Memorial tablets were fixed upon the base sections of a riser bloc
LogiCamms has been awarded a contract with Chevron Australia to provide maintenance engineering services on the Chevron-operated Gorgon Project. The four year contract has an estimated value of approximately $8m and commences immediately. Steve Banning, LogiCamms’ Managing Director, said the contrac
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
Looking ahead to 2012, Technip, one of the world’s largest provider of specialized services for the oil and gas industry, said today that the company’s clients show confidence in oil and gas prices and continue investing to meet challenging production targets. Success in their exploration programs,
Gazprom chairman Alexey Miller, held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Executive Officer of South Stre
Norway’s Solstad Offshore (SOFF), a ship owner focused 100% towards the offshore petroleum industry, has been awarded the prize for being the best training company of the year.Solstad Offshore has been a member and an important contributor to the Maritime Training Agencies since the office was creat
Statoil has awarded Aker Solutions a contract for delivery of six subsea trees and a tool package for Troll field on the Norwegian continental shelf. Estimated contract value is NOK 350 million (USD 60.2 million). Under the contract, Aker Solutions will suppy six subsea trees, with a possible option
Emerson Process Management has been awarded a multi-million-dollar contract to automate a new offshore platform in the Azerbaijan sector of the Caspian See, by the BP operated Azerbaijan International Operating Company (AIOC). The Chirag Oil Project, to be completed in 2013 and operated by BP Azerba
Nautronix has won the Innovation and Technology Award, sponsored by Simmons & Company International for their NASeBOP (Nautronix Emergency BOP Acoustic Control) System at the Annual Subsea 2012 Business Awards. This prestigious award is a major achievement in recognition for the advancements made th
The second license round offshore Cyprus opened 11th of February 2012. There will be official opening presentations by the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus in Houston 22nd of February at the International pavilion at NAPE and in London at APPEX 6th of March. The r
Petrofac, the international oil & gas service provider, has acquired the Fetcham-based KW Limited (KW). KW Limited, which also has an office in Aberdeen, is a high-end subsea pipeline consulting and engineering services business with an established reputation in the subsea pipeline market. As at 31
Fairfield Energy Limited announces that the first development well for the Clipper South gas field was spudded on 8th February. The well (48/19a-C1) is targeting a tight Permian age Rotliegend reservoir at a depth of some 8000 feet and is the first of up to five extended horizontal wells with multip
