Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
The Republic of Azerbaijan and the Republic of Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey to Europe. The documents signed in Izmir (Turkey) on Tuesday, October 25, included an Intergovernme
European Union regulators proposed stricter safety standards for offshore oil and natural-gas exploration to curb the risk of a major accide… By Ewa Krukowska (Businessweek) [mappress] Source:Businessweek , October 27, 2011;
Inocean will be assisting Statoil in a concept study for the development of the Bressay Field in the UK sector of the North Sea, west of Norway’s Frigg Field. Statoil acquired operatorship of the Bressay and the neighboring field Mariner in 2007 as a link in its involvement with offshore heavy oil.
French oil services group Technip shrugged off global economic uncertainty on Thursday as it unveiled forecast-beating quarterly results and… By Marie Maitre (Reuters) [mappress] Source:Reuters , October 27, 2011
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced today it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to p
Nord Stream today confirmed it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for
Eni announces results for the third quarter and the nine months of 2011. Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%); Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% inthe third quarter of 2011 to 1.47 mmb
South Korea’s STX Group is considering selling a 51 percent stake its European unit holds in STX OSV Holdings Ltd , a Singapore-listed offsh… By Ju-min Park and Hyunjoo Jin (Reuters) [mappress] Source: Reuters, October 27, 2011;
BMT Cordah, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has launched the NEMS Accounter® Light reporting software to the UK market. The software developed by environmental specialists add novatech, in conjunction with BMT Cor
Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment. The agreement covers the period 2012 to 2014. In this period the expected turnover under the contract is between NOK 200 and 300 million. Kitron already has received purchase orders under the
DORIS Engenharia Ltda., the Brazilian subsidiary of France’s DORIS Engineering and a specialist in the offshore oil and gas industry, has chosen Intergraph® SmartMarine® Enterprise solutions to design the topsides of eight floating, production, storage and offloading (FPSO) units for global energy l
Cairn Energy PLC, the Edinburgh-based oil and gas exploration and production company, has successfully deployed Centek’s Itsfu Auto Fill Sub in drilling operations in its 2011 Greenland Drilling campaign. The Itsfu provides controlled drill string filling in one third of the time of alternative meth
At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 27 October, 2011 Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2011. Royal Dutch Shell’s third quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $7.2 b
