Total announces the signing of an agreement with Silex Gas Norway AS, a wholly owned subsidiary of Allianz, to sell its entire stake in Gassled (6.4%) and related entities for a price of NOK 4.64 billion (approximately US$ 870 million). The transaction is subject to approval by the relevant authorit
Development of a drillship is mainly about capacity, operational security and economy. But in these times of razor-sharp competition, design and identity are gaining significance. A ship also needs character. During an early stage of the development of the INO-80 concept, Inocean’s designers used an
Energy consultancy Xodus Group has signed a £10 million investment deal to focus on further growth in the UK and internationally. The major cash boost from Dutch based Sunrise Energy Group and Simmons Parallel Energy Fund signals a period of significant expansion. Xodus, which was launched by chief
TGS has commenced the acquisition of a fourth 3D multi-client survey in partnership with PGS. The survey covers 2,772 km2 in the North Viking Graben over an area which has proven to be a very successful petroleum province of the North Sea. The data is being acquired by PGS’ Atlantic Explorer utilizi
Dockwise urges the Netherlands government to allow for better protection on its vessels to counteract piracy in the Gulf of Aden and the Indian Ocean. As the ability of governments to offer military protection is limited, the ability for ship owners to employ additional private protection is of the
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 40 million over a period of 12 months. This contract has an estimated value of 300 million including remaining options. AGR Fi
Statoil Petroleum AS, operator of production licence 050B, is in the process of completing the drilling of wildcat well 34/10-53 A. The well has been drilled about five kilometres west of the Gullfaks Sør field, in the northern part of the North Sea. The well is a sidetrack from wildcat well 34/10-5
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for May 2011. Songa Venus achieved operating efficiency of 100% during the operational part of the month. The rig completed the program for Total E&P in Australia May 29 and is currently underway to Labuan, Malaysia and is
Dale Millward, head of subsea development at piping technology specialist, STATS Group, will speak at the 4th Pipe Tech World Summit in Rome. (June 6-8).The annual Pipe Tech event is attended by global experts in pipeline projects and technology, and features the latest methodology and solutions ava
BMT Scientific Marine Services is now in the process of patenting its ROV-serviceable Subsea Strain Sensor Assembly (SSSA). The company submitted application number 61416711 (currently pending with the United States Patent and Trademark Office) to patent its special ROV tool and alignment cage which
The Petroleum Safety Authority Norway (PSA) has carried out an audit of E.on Ruhrgas Norge’s (ERN’s) planning for drilling well 31/8-1 (Breiflabb) in production licence 416 with Borgland Dolphin. The report contains nonconformities that are of such a character that the PSA questions the company’s ma
Bilfinger Berger has won another order from the oil and gas industry. The Company will deliver maintenance services for the BP Group at rigs and stationary tankers, known as floating production storage and offloading units, used for the processing and temporary storage of crude oil. The order relate
Wärtsilä, the marine industry’s leading systems integrator, has been awarded the contract to supply an integrated solution for power generation, power distribution, and propulsion for a new Diving Support & Construction Vessel (DSCV) currently under construction in Singapore. The order has been plac
Statoil and SSE (Scottish and Southern Energy plc) have agreed to enter into a 10 year gas supply agreement to an existing power plant. The companies have signed a heads of agreement for an annual volume of 0.5 billion cubic metres of natural gas, to SSE’s Peterhead gas power plant in Aberdeenshire
