Foster Wheeler AG announced that its shareholders have elected J. Kent Masters, 50, and Henri Philippe Reichstul, 62, to the company’s board of directors. Masters was elected to serve a term expiring at the company’s annual general meeting to be held in 2012. Reichstul was elected to serve a term ex
Hurricane Exploration plc (“Hurricane”), an oil exploration company focused on hydrocarbon resources in fractured basement reservoirs, announces that it has completed testing operations on the Whirlwind exploration well (205/21a-5) offshore UK, West of Shetland. The well is being suspended for futur
British oil firm Soco International has delayed a ramp up in production at its key oil field off the Vietnam coast but said it was confident… By Sarah Young (Reuters) [mappress] Source: Reuters, November 1, 2011
Global offshore accommodation specialist HB Rentals has been awarded a contract worth approximately half a million pounds to supply two salvage barges with offshore accommodation and accessories in the North Sea. HB Rentals will provide a salvage vessel with a full rental package including eight 3ft
DOF Subsea, a subsidiary of DOF ASA, has signed a contract with DONG for Skandi Constructor. The contract will commence 1st November and has a firm duration of 3 months. DONG can extend the contract with additional 2 months. DOF was founded in 1981 and is today an international group of companies wh
Aberdeenshire-based oilfield service company ROMAR International has announced a contract award with Shell UK. The scope of work involves ROMAR providing swarf handling equipment and personnel to recover metal cuttings during the plugging and abandonment of six wells for the UK oil major. The ROMAR
Leading oil and gas body, the Intervention & Coiled Tubing Association (ICoTA), has announced the finalists for its prestigious European Chapter Innovation Award. Petroleum Technology Company (PTC), Oilenco, Schlumberger, BP Exploration & Production and Red Spider have been shortlisted for the covet
Kvaerner had operating revenues of NOK 2 623 million in the third quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 169 million, resulting in an EBITDA margin of 6.2 percent. The third quarter has been a solid operational quarter, with financial results i
Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced “Extreme”) International. The acquisition will grow Aker Solutions’ well intervention technology and service portfolio worldwide as well as increase the company’s presence in the importan
In October 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 19,600 per ship per day compared to USD 15,800 in September. The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 20,000 per ship per day compared to USD 20,200 in […
The Norwegian Petroleum Directorate has granted Statoil AS a drilling permit for wellbore 2/4-21. Wellbore 2/4-21 will be drilled from the drilling facility Mærsk Gallant at position 56°42’00.81’’N and 3°8’34.31”E. The drilling program for wellbore 2/4-21 applies to drilling of a wildcat well in pro
The World leading technology company, Emerson Process Management, has become a partner in NCE Subsea. To us this is about increased visibility, but we also feel we have something to offer NCE Subsea, says Hege Forus, Information Manager at Roxar, which is owned by Emerson Process Management. This is
In press release of 4 July 2011 Farstad informed that Farstad Shipping ASA, through its wholly owned subsidiary P/R International Offshore Services ANS, had reached an agreement to sell the PSV vessel ‘Lady Christine’ (1985, ME 202, 2.368 DWT). Delivery of the vessel to the new owner was expected to
Sevan Marine ASA , a company specialized in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announced today that VP Finance, Birte Norheim, has decided to resign her position in Sevan Marine ASA to take on the role as Finance Director of
