Saipem announces that the merger agreement incorporating Saipem Energy Services into Saipem S.p.A. has been filed at the relevant business register. Saipem Energy Services offers engineering and project management services in addition to FPSO (Floating, Production Storage and Offloading) business ma
AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the end of this year. In Norway, Statoil has exercised their first monthly option on PSV Bourbon Sapphire. The vessel is then firm until early January. BOURBON OFFSHORE NORWAY AS
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an EPCIc-contract by Statoil with an estimated value of approximately 30 MNOK. The EPCIc-contract (Engineering, Procurement, Construction, Installation and Commissioning) includes dismantling of permanent deck
Statoil increases its equity in the Valemon project through an asset swap with Total. Statoil and Total E&P Norge AS have signed a sales and purchase agreement whereby Statoil acquires Total’s full share in the Valemon unit, 2.5% (5% in PL193B and carve-out of PL193) for a transfer of a 2.0% share i
Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences. Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhv
Mooring Systems Ltd has launched what is believed to be the most adaptable offshore, mobile spooler of its kind in the UK, that will offer significant advantages for clients operating in the oil and gas and the renewables markets. The spooler, which was designed and built by Caley Ocean Systems at E
With LoFS 14 now completed on schedule and without incident this closes another successful year of operating the portable source system for BP Norge AS, operator of the Valhall Field. LoFS 14 was WGP’s third operational survey of the Valhall field utilising the source sub-arrays of Thalassa Energy S
The UK offshore oil and gas industry could still generate more than £376bn in revenues, according to a report by a leading accountants firm. But PricewaterhouseCoopers (PwC) warned action was needed if Aberdeen was to continue as a world-class energy capital in years to come. The report argued indus
Arctech Helsinki Shipyard Inc. started the production of second icebreaking supply vessel for Russian shipping company Sovcomflot at the Helsinki Shipyard 2 November 2011. Both vessels will be delivered in April 2013. The main purpose for the vessels is to supply the Arkutun-Dagi oil and gas product
RWE Dea submits applications for exploration wells off the coast of Schleswig-Holstein and Lower Saxony RWE Dea assumes that additional deposits exist near Germany’s biggest oil field Mittelplate and along the coast of Lower Saxony, off Cuxhaven. RWE Dea, as operator or two consortia, plans to drill
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Russian defense-oriented shipyard Sevmash will construct floating transit airfield in Arctic for oilers developing the Prirazlomnoye field on the shelf of Pechora Sea, reported the shipyard’s press service on Nov 1. According to Sevmash’s deputy director general Mikhail Budnichenko, the shipyard alo
Transocean Ltd , the largest offshore drilling contractor, reported on Wednesday an unexpected quarterly loss on a rise in shipyard costs, knocking another 7 percent off its battered shares. It has now failed to meet Wall Street’s expectations for the past six quarters, since the Gulf of Mexico well
The oil and gas group PA Resources has now completed its sidetrack of the Lille John well to a Chalk target but did not encounter effective reservoir. The sidetrack provided a second penetration of the Miocene sandstone level encountered in the original well, again oil-bearing and with improved rese
