A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by th
BG Norge AS, operator of production licence 522, is in the process of completing the drilling of wildcat well 6604/2-1. The well has been drilled about 45 kilometres southwest of the discovery 6705/10-1 Asterix and 60 kilometres north of the discovery 6603/12-1 Gro. The purpose of the well was to pr
Eidesvik Offshore ASA is setting up a new ship- management joint-venture with the world’s leading international pure-play geophysical company, CGGVeritas, to manage ten high-capacity 3D vessels, including the two new X-BOW vessels, Oceanic Vega and TBN Oceanic Sirius. The joint-venture, CGGVeritas E
Statoil has responded on Frifay, 29 April, to questions put by the Petroleum Safety Authority Norway (PSA) in connection with its report into the Gullfaks B gas leak on 4 December 2010. “Concern with health, safety and the environment (HSE) is our first priority,” says Øystein Michelsen, executive v
Ulstein Design & Solutions has signed two ship design contracts with the Brazilian Shipyard Alianca S.A for the building of two ULSTEIN PX105 platform supply vessels with the X-BOW® hull line design for the Brazilian shipowner CBO. The contracts are worth approximately NOK 150 million. The contracts
Havila Shipping ASA achieved a result before tax of NOK -25,5m in Q1 2011, compared with NOK -14,8m in Q1 last year. Total revenue amounted to NOK 309.6 million in the 1st quarter of 2011 of which NOK 51.4 is profit from sale of Havila Saturn. Total revenues for corresponding period last year were [
On April 27, SOCAR President Mr. Rovnag Abdullayev received BP delegation led by Company’s Chief Executive Mr. Robert Dudley. Welcoming the guests, Mr. Abdullayev stated that Exploration work within the contract on exploration of “Azeri-Chirag-Gunashli”, “Shah Daniz” fields, development and producti
SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors. SBM Offshore will also receive design license fees
SBM Offshore announces that the company has signed a contract relating to the Deep Water Oil Loading System required as part of an oil field development offshore West Africa. The scope of work for SBM Offshore consists of: *the engineering, procurement and supply of Oil Offloading Lines (OOL) and Fi
Inmarsat plc the world’s leading provider of global mobile satellite communications services, today announces it has completed the acquisition of Ship Equip International A.S. (“Ship Equip”) for a total consideration of USD 159.5 million. Based in Ålesund, Norway, Ship Equip is a leading provider of
IHC Engineering Business (IHC EB), a part of IHC Merwede group, has successfully delivered its largest project to date, a 2,000 tonne capacity J-Lay tower for client Saipem. After intensive design, manufacture and installation, assisted by Saipem teams, the system is en route to West Africa. The rig
BMT Scientific Marine Services has launched a fully-qualified ROV-Serviceable Subsea Strain Sensor Assembly (SSSA) for monitoring the structural integrity of subsea structures (tendons, production risers, steel catenary risers, platform legs and braces, etc).BMT SMS ROV SSSA Until now, sensors were
GL Noble Denton, the global independent technical advisor to the oil and gas industry, will standardize on Intergraph SmartMarine® Enterprise, including SmartMarine 3D, to replace its existing design solution for offshore and marine assets. This move will enable the company to increase the functiona
Sterling Resources Ltd. has declared Force Majeure on its Midia and Pelican Blocks in the Black Sea after the Company has been unable to undertake Petroleum operations for reasons outside of its control. In early 2011, after extensive and lengthy efforts, the Company finally obtained from the releva
