Norske Shell AS is extending its use of AGR’s deepwater excavation technology and expertise on the Ormen Lange field. Originally, a £9m (NOK84m) deal announced in February between the Aberdeen-based Excavation & Trenching arm of AGR Drilling Services and Norske Shell was to last until June 2, 2011.
Seadrill has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million. Seadrill expects to record a gain on the sale in excess of US$50 million on closing. Closing of the agreement and the transfer of owner
All three sections of the first of Nord Stream’s twin 1,224 kilometre natural gas pipelines have now been joined together underwater by hyperbaric tie-ins. The completed pipeline through the Baltic Sea will now be prepared for connection to the landfalls in Russia and Germany later in the summer. Th
Alexey Miller, Chairman of the Gazprom Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP) held a working meeting as part of the St. Petersburg International Economic Forum 2011. The parties considered the global energy market trends in Europe and Asia paying spec
ULSTEIN’s new company exhibition, ULSTEIN EXPO, opened its doors to the public on Friday 17 June. The opening was a success, with hundreds of visitors during Friday night and Saturday. Additionally, several groups have already booked guided tours of the exhibition in the coming months. “We are very
Saipem has been awarded new offshore and onshore drilling contracts worth $ 600 million. Saipem has been awarded the contract by Eni to extend the charter of the Saipem 10000 drillship for the duration of 24 months, starting from August 2012. Saipem 10000 is an ultra deepwater drillship, capable of
Through its subsidiary TTS Energy AS, TTS Group ASA has signed a Letter of Intent with Jurong Shipyard Pte Ltd in Singapore, for delivery of a high performance drilling equipment package for a new CJ70 Jack-up to be built for North Atlantic Drilling Ltd. The contract has a value of approximately NOK
The Board of Fred Olsen Production ASA informs that Mårten Lunde will resign as CEO of the Company on 31 July 2011. The Board has decided to appoint CFO Jørn Røkaas as acting CEO as from 1 August. The Board regrets Lunde’s decision to leave the company and will thank him for his contribution to [&he
Alexey Miller, Chairman of the Gazprom Management Committee and Mahinda Rajapaksa, President of Sri Lanka held a working meeting as part of the St. Petersburg International Economic Forum 2011. The meeting participants considered the prospects for bilateral cooperation in the energy sector, particul
OSD-IMT, the UK arm of Offshore Ship Designers, has been chosen by Samsung and Boskalis-SMIT Engineering to develop the basic design, detailed design and production drawings for a 99 m cable laying vessel. Neil Patterson, managing director of OSD-IMT, says, “This project illustrates perfectly the st
An oil worker has fallen to his death from a North Sea rig. The incident happened at 11.20am on Thursday on the Brent Charlie oil rig … Source: STV [mappress] Source:STV , June 20, 2011;
Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million. The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installe
Sterling Resources Ltd. has filed a Notice of Dispute with the State of Romania under the Treaty for the Promotion and Reciprocal Protection of Investments between Romania and Canada (the “Treaty”). The Notice of Dispute was filed on June 20th, 2011 as a result of deliberate and discriminatory actio
In the wake of the recent disasters that have struck the offshore petroleum industry, the International Regulators’ Forum (IRF) will be organising an extraordinary safety Summit Conference in Stavanger on 4 and 5 October, hosted by the Petroleum Safety Authority Norway (PSA). Background The disaster
