Offshore Solutions B.V. (OSBV), the joint venture between AMEC and Cofely Nederland N.V., has announced another significant achievement in the operation of the Offshore Access System (OAS). Installed on the GDF SUEZ E&P Nederland B.V. (GSEPN) chartered vessel, REM Mermaid, the OAS has successfully a
Statoil today, 12 May, submitted a plan for development and operation (PDO) for Hyme (formerly Gygrid) in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy (MPE). First oil is scheduled for the first quarter of 2013. The Hyme PDO is the fourth fast-track development plan submitted
Repsol posted net income of 765 million euros in the first quarter of 2011, 11.2% more than the year-earlier period. Excluding extraordinary items, recurring net income improved 23.4%, to 791 million euros. The 2011 earnings increase is mainly due to improved oil and gas price realization prices, wi
The Petroleum Safety Authority Norway (PSA) conducted an audit of BP at the Aker Solutions Stord yard on 6-7 April 2011. The audit targeted the offloading system for shuttle tankers on Skarv FPSO. The audit identified a number of nonconformities in relation to regulatory requirements. Background The
TGS commences the second season of multi-client 3D seismic acquisition in the Moray Firth, offshore United Kingdom. The survey, MF11, will add over 2,500 km2 of new 3D data to the previous project area announced last June. The M/V Oceanic Challenger will acquire the MF11 survey. Data collection is s
TradeWinds Offshore Marine conference is set to play to a full house at the Grand Hotel Oslo on the 24 May. With the theme Catching the Rising Market, the event recognises the pivotal role offshore shipping now plays in the Norwegian maritime sector. Breaking with the traditional conference format,
Maersk Oil ,a Danish oil and gas company owned by the A. P. Moller-Maersk Group,made a profit of USD 512m (USD 450m in 2010) and a ROIC of 44.1% (35.2%), positively affected by a 38% higher average oil price at USD 105 per barrel, partly offset by tax rate increase in the UK. The […]
The Nord Stream Pipeline takes another important step towards its target of starting to deliver gas directly from Russia to the European Union by the end of 2011. Preparations for welding together two of the three sections of the 1,224 kilometre pipeline through the Baltic Sea have now started. They
In April Cargotec secured an order to supply two active heave-compensated (AHC) cranes for Volstad Maritime’s large offshore construction vessel (OCV) on order at Bergen Group Fosen shipyard in Norway (hull 89), which is scheduled for delivery in the second quarter of 2012. The contract comprises a
Professors Olav Bolland (Right) and Hallvard Svendsen (Left) have won Statoil’s 2011 research prize for their work on enhancing carbon capture understanding and processes for reducing emissions. The prize of NOK 200,000 and an artwork by Roar Wold was awarded by Tor Ulleberg, vice president Oil and
Maersk Oil’s Gryphon Floating Production Storage and Offloading (FPSO) vessel will soon be docked in Rotterdam for repairs after suffering damage during a storm in the UK North Sea in February. The FPSO had been producing from the Gryphon, Maclure and Tullich fields. Storm weather caused some of its
Bahamas Petroleum, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces that it has finalised an agreement with CGGVeritas (the “Agreement”) to undertake a 3D seismic survey over the Company’s southern licence areas, starting in May 2011. Th
Idemitsu Petroleum Norge AS has received consent to conduct exploration drilling of well 35/7-1S in the northern part of the North Sea using the mobile facility Aker Barents. The well will be drilled in production licence 377S, approx. 100 kilometres west of Florø. The well has the following coordin
At a time when governments in Europe are rethinking their energy policies, it is important that the industry collaborate in promoting natural gas as essential for Europe’s energy future. “Only together we can ensure that gas receives the attention and the role it deserves, being a secure, cost effic
