Gazprom accomplished connection of the Dzhubga – Lazarevskoye – Sochi gas pipeline offshore and onshore sections. The Bigfoot 1 pipe-laying vessel performed a tie-in operation (welding two sections of the pipeline) near the Kudepsta settlement. The same operations were previously performed near the
Fugro, Dutch company that provides geotechnical, survey and geoscience services to oil, gas, mining and construction industries, recorded the growth in revenue that commenced in the second half of 2010 continued, as expected, in the first months of 2011. This was despite somewhat lower utilisation o
Aker Floating Production reports first quarter revenues of USD 33 million and EBITDA of USD 26 million (unchanged and up 8%, respectively, versus first quarter 2010). Operating profit in the quarter of USD 9 million represents growth of 12% over the same quarter last year. The group made a net loss
Red7Marine’s newly-acquired offshore support vessel DP Reel has sailed into Great Yarmouth port to mark a milestone moment for the rapidly growing company. The £5m ( USD 8.1 Million) investment means the highly versatile vessel will be available to support work for clients in the renewable energy an
On May 6, the Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. Rashid Javanshir, BP’s Regional President, said: “We are pa
Demonstrating its commitment to expanding its state of the art U.K. manufacturing presence, GE’s Oil & Gas business has officially opened a new wireline manufacturing and headquarters facility in Farnborough, Hampshire, United Kingdom. The facility brings the GE Oil & Gas—Downhole Technology platfor
BG Group, the UK oil and gas company, saw profits fall by nearly £600m on higher North Sea taxes and unrest in North Africa. The group … By Andrew Trotman (Telegraph) [mappress] Source:Telegraph , May 10, 2011;
Oil has been proven by Statoil and its partners Det norske oljeselskap ASA and Svenska Petroleum Exploration AS on the North Sea Krafla prospect. The well is located in block 30/11 around 26 kilometres south of the Oseberg South field. Based on preliminary calculations the size of the discovery is b
EnQuest PLC announces a farm in agreement with Fairfield Acer Limited (‘Fairfield’) for UKCS Block 9/28a – Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discovery. EnQuest already holds a 19% interest in the block, through its acquisition of Stratic Energy Corporation (‘
Det norske plans to submit a plan for development and operation (PDO) for the Jetta discovery this summer. On the exploration side, the company will participate in an additional eight wells in 2011. During the first quarter, Det norske oljeselskap ASA has given priority to the development of the Dra
Lundin Norway AS has received consent to carry out exploration drilling of well 7120/2-3 in the Barents Sea with the Transocean Leader mobile facility. The well will be drilled in production licence 438, approx. 172 kilometres northwest of Melkøya, and approx. 30 kilometres northwest of Snøhvit. The
Nexen advises that its Buzzard platform in the North Sea, is operating at reduced rates due to problems with the platform’s cooling system. A permanent solution has been identified and production is expected to be variable until the repairs are completed this summer. The Buzzard field is located in
Nexus Energy Limited announces that it has executed an agreement with the Wood Group for project management services in relation to the Crux liquids project. Wood Group is a leading worldwide Engineering and Project Management services provider, having around 34,000 employees, with core strengths in
Farstad Shipping, a major international supplier of large, modern offshore support vessels, has been awarded the following charter contracts: AHTS Far Sound (2007, UT 712L, 16.000 BHP), AHTS Far Sword (2006, UT 712L, 16.000 BHP) and AHTS Far Scimitar (2008, UT 712L, 16.000 BHP) have been contracted
