DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its Board of Directors has approved a share purchase program for up to a total of $25.0 million of common stock of its majority-owned subsidiary
Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.
Mechanical engineering group EnerMech has acquired Aberdeen Valve Supplies Ltd (AVS) in a deal believed to be worth around £1.5 million. AVS and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd supply valves, valve controls and associated equipment and services to the oil, gas and petroc
Statoil has given Aker Solutions the assignment to build and install a compressor module on the Kristin platform in the Norwegian Sea. The module will help to improve recovery from the Kristin and Tyrihans fields. The engineering, procurement, construction and installation (EPCI) contract is for top
The Chairman of Clough Limited, Mr Keith Spence(Top row; 1st right to left), announced today that Chief Executive Officer, Mr John Smith, has advised the Board that he will be retiring from Clough around the fourth anniversary of his tenure, in August 2011. Clough has commenced an internal and exter
Xcite Energy Limited announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations. Key
ConocoPhillips has conditionally awarded a contract for engineering, procurement and construction (EPC) of the topside module for the Ekofisk 2/4 Z platform to Aker Solutions. The contract award is subject to project approval by the PL018 license group, and Norwegian authorities’ approval of the pla
Aker Solutions has been awarded the tie-in and connector scope associated with the Goliat flowlines and risers contract by Technip Norway. The contract value is approximately NOK 65 million. The scope of work includes the outboard remote tie-in system termination heads and associated equipment. The
BP, the operator of the Azeri-Chirag-Guneshli block of fields in the Azerbaijani sector of the Caspian Sea has resumed producing light oil… Source: Trend.az [mappress] Source: Trend.az, December 21, 2010; image:BP
Wilhelmsen Ships Service is underlining its commitment to the protection of the environment by appointing a new Head of Environment, Thea Corwin. Thea, who takes up the position on 1st January 2011, will be dedicated to developing a vision, policy, strategy and related plans for the implementation o
BG Group today announced that Ashley Almanza will stand down from the Board and leave his role as Chief Financial Officer on 31 March 2011. This follows an earlier indication from Mr Almanza of his desire to leave BG Group within the next two years. After 31 March 2011, Mr Almanza will continue to [
The Norwegian oil adventure has yielded a fantastic return for the nation. Gross revenues from this industry exceed NOK 8 000 billion – with more than half of Norway’s petroleum still to be recovered. Based on a clear desire for oil and gas to benefit the whole community, the Norwegian oil model was
Aseng Production Company Limited, a Joint-Venture incorporated between SBM Offshore and “GEPetrol, Compania Nacional de Petroleos de Guinea Ecuatorial” (GEPetrol), has successfully secured a US$ 602 million Project Debt facility in order to finance the investment in the lease of the FPSO Aseng (imag
Farstad Shipping has been awarded the following charter contracts: AHTS Far Shogun (2010, UT 731CD, 24.000 BHP) and AHTS Far Saracen (2010, UT 731CD, 24.000 BHP) have both been awarded 3 years firm contracts by Chevron Australia Pty Ltd to support their drilling program off north west coast of Austr
