Upon expiry of Bourbon Eko’s current contract, ConocoPhillips has awarded Bourbon Offshore Norway a new contract, at market levels for medium PSV with Rescue, until end Sept. 2012 + options. The end of this new contract is in line with the delivery of several new builds to the same Charterer. Bourbo
Danish shipping and oil group A.P. Møller – Mærsk today announced results for for the first half of 2011. Revenue for the period increased by 9% to USD 29.9bn (USD 27.4bn), primarily due to higher oil prices and container volumes. Profit for the period was 8% higher at USD 2.7bn (USD 2.5bn), positiv
In February 2010 Seajacks entered into a contract with GustoMSC to provide the Basic Design Package for two purpose built wind farm installation vessels. In June 2010 Seajacks entered into a contract with Lamprell shipyard to build these new vessels and Seajacks will take delivery of the first new-b
Yesterday in Vyborg, a group of Gazprom experts visited the Vyborg Shipbuilding Plant. The group was headed by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee. Alexander Ananenkov discussed current issues of cooperation with the Plant management. Above all, the meeting add
The partners in the Åsgard licences have today submitted a plan for development and operation (PDO) of subsea gas compression to maintain production from the Mikkel and Midgard reservoirs. Øystein Michelsen, Statoil’s executive vice president for Development and Production Norway (DPN), presented th
So far this year, Det norske oljeselskap ASA has created material value through exploration. The exploration results form the basis for strong growth in the years ahead. In July, a plan for development and operation (PDO) was submitted for Atla, and Det norske plans to decide on a PDO for Jette in S
Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, th
The oil leak on a flow line system that serves the Shell-operated Gannet Alpha platform remains under control, with the well shut in. “It is not easy to quantify the total volume spilled but we estimate so far that it is around 216 tonnes (1,300 barrels),” said Glen Cayley, Technical Director of She
As energy demand is rising again, the year 2011 marks a turning point in the oil & gas industry with increased investments in the entire value chain. Offshore Energy in Amsterdam (11 & 12 October 2011), clearly reflects the confidence that governs the industry today. In four years time, the number o
The Finnish Viafin Group (Viafin West Welding Oy) as a major player in manufacturing of Pressure Vessels & Heat Exchangers, and M7 Offshore AS as a solution provider within Offshore Engineering and Project Management have now established and registered the Norwegian company Viafin-M7 AS. Viafin-M7 i
Offshore Solutions BV (OSBV) announces the successful completion of the world’s first vessel-to-FPSO (floating production storage and offloading) personnel transfers, using a heave-compensated marine walk-to-work system. During July and August OSBV’s patented Offshore Access System (OAS), mounted on
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that drilling has commenced on the Butch prospect (Faroe 15%) located in the Norwegian North Sea.
MAN Diesel & Turbo signed a contract on 7 July 2011 in Frederikshavn, Denmark for the supply of 4 × MAN 8L32/40 engines to power a seismic vessel ordered by Sanco Shipping of Norway. The vessel will be built by Kleven Maritime at Myklebust shipyard in southern Norway and is scheduled for delivery by
TX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway, announces its results for the second quarter and first half ended 30 June 2011. Financial and Operating Review Compared to corresponding periods in 2010, STX OSV’s operating
