Power conversion specialist Converteam has been selected to supply its sophisticated C-Series dynamic position (DP) control systems for two platform supply vessels (PSVs) destined for operation in the oil and gas fields of Russia’s northern seas. The award for Converteam’s sophisticated automatic po
Gondan shipyard has just signed a new contract with the norwegian shipowner Ostensjo Rederi. This contract came into force the 8th april 2011. The new vessel is a supply vessel that will support the operation of Oil Rigs operating in the North Sea. This new unit will be construction number c444 and
TGS-NOPEC Geophysical Company ASA (TGS) has entered into an agreement to acquire 100% of the shares of Stingray Geophysical Limited (Stingray). The transaction will provide TGS with a strong position in the rapidly growing market for Permanent Reservoir Monitoring (PRM) solutions. The acquisition wi
Last week Statoil started oil production at the large Peregrino field offshore Brazil. Production will gradually ramp up to a plateau of 100,000 barrels of oil equivalent per day. The move makes Statoil an important long-term operator and partner in Brazil’s attractive and growing oil and gas indust
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has signed an agreement with Petoro AS (“Petoro”), to swap its interest in the Maria discovery for inte
Statoil has launched an investigation into the gas leak that occurred at Visund on April 9. The leak occurred in a riser carrying oil and gas from well A21 to the platform. On Friday April 8, Statoil decided to shut down production from the Visund field to carry out inspections on the risers, after
The gas leak that was reported at the Visund platform this morning was confirmed stopped just before 1pm today. Evacuated personnel will be returned to the platform. The gas leak is believed to have started at a point in a fixed riser carrying oil and gas from well A21 to the Visund platform. A gas
On April 7th as part of the International Conference held in Murmansk “Logistics in Arctic” Shtokman Development AG presented its logistics strategy for Phase One of Shtokman gas-condensate field development. The bottom line of the strategy is to prepare the most efficient, safe, and optimal schemes
DOF has entered into three long term charter contracts with ConocoPhillips Skandinavia AS for operation in the Norwegian Sector. The contracts will commence 4Q 2012, with a firm period for each contract of 7 years. ConocoPhillips has an option to extend the contracts. To serve these contracts DOF ha
Gas began flowing to continental Europe last week from the Beta West structure in the Sleipner area of the North Sea, which was discovered by Statoil in 2009. “This was one of the largest discoveries we made that year, with a well drilled from the Sleipner B platform,” reports Edvin B Ytredal, vice
Subsea 7 S.A. announced today the award of two SURF contracts with an approximate total value of $150 million from ConocoPhillips Skandinavia AS, on the Greater Ekofisk Area in the North Sea. The first contract is for the engineering, procurement, fabrication, installation and hyperbaric weld tie-in
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured new contracts for the design and construction of a series of three Multi Role Vessels (MRV) for DOF ASA. Delivery is scheduled for the second ha
IHC Hytop Winches, part of IHC Merwede, was officially launched. The new company’s workshop plays an important role in its activities because it enables it to build complex winch systems for the offshore and dredging markets. This will expand the supply of IHC Hytop Winches’ range of complex winch s
Dolphin Geophysical has signed a contract with ION’s GX Technology group (GXT) for a three month 2D seismic acquisition survey offshore West Africa. The project will be acquired by Polar Explorer, the Company’s first 2D vessel, with acquisition commencing in April 2011. The contract includes a mobil
