The Goliat floating offshore platform for the production, storage and offloading of oil and gas north of Norway in the Barents Sea will not, as is customary practice, be supplied with power generated by onboard gas turbines and generators but from the shore via a 106-kilometer-long subsea cable. Thi
JGC Corporation today announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited to KBR . MWKL is a UK-based affiliate of both companies. Following the transaction, MWKL will become a wholly-owned subsidiary of KBR. The transaction is expected to be finalized in January 2011
Electromagnetic Geoservices ASA (EMGS) and Shell have entered into a Joint Industry Project (JIP) to plan and design the next generation of 3D EM equipment. Over the next six months the two companies will, in close collaboration, conduct a feasibility study that includes laboratory tests, design sol
On 16 December 2010 in Moscow, the Sovcomflot (SCF) Group of companies and Exxon Neftegas Limited (a subsidiary of ExxonMobil) signed long-term agreements for two icebreaking supply vessels to service the oil platform at the Sakhalin-1 Project Arkutun-Dagi offshore oil field. The official signing ce
Wärtsilä, the marine industry’s leading solutions provider, has strengthened its position as the global leader in supplying design and propulsion solutions for Liquefied Natural Gas (LNG) Platform Supply Vessels (PSVs) with yet another important order. Norwegian operator Eidesvik Offshore has placed
Trelleborg, through its Trelleborg Engineered Systems business area, has signed an agreement to acquire PPL Polyurethane Products Ltd., which has annual sales of approximately SEK 90 M and about 90 employees. PPL Polyurethane Products is based in the UK and develops, manufactures and markets a broad
Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011. Sven Børre Larsen (born 1976) was most recently CFO of Prosafe Production Pte Ltd, and has pri
Petro-Canada Norge AS, operator of production licence 375, has completed the drilling of appraisal well 34/4-13 S. The purpose of the well was to delineate the oil discovery in 34/4-11, proven in 2010. The well was drilled about 15 kilometres northwest of the Snorre field in the North Sea. The purpo
EnCore Oil plc announces that the Varadero exploration well 28/9-2 in Central North Sea block 28/9 was spudded at 21.45 hours on Saturday 18 December 2010. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being managed by Applied Drilling Technol
Oil accidents prompt Danish industries and research to cooperate on new groundbreaking sonar technology. For the first time ever it will be possible to get a detailed picture of oil in the water column and on the seafloor. The technology will be able to prevent fatal environmental disasters caused b
Ulstein Verft is contracted to build two medium-sized platform supply vessels of Ulstein´s PX121 design for a newly established company in Ulstein Group. The vessels will be delivered in Q1 and Q3 2012. “We have analyzed the market to make the right choices for Ulstein Group. We strongly believe tha
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the Company has completed a transaction to acquire certain UK North Sea gas interests
Petrofac, the international oil & gas facilities service provider, issues the following pre-close trading update ahead of the announcement of its audited results for the year ending 31 December 2010, expected to be on 7 March 2011. * Net profit for the year expected to be in line with expectations f
Valiant Petroleum plc to announce that it has completed the refinancing of its existing senior and subordinated debt facilities into a five-year, US$335 million Senior Secured Borrowing Base Facility (the “Facility”) after receiving credit approved commitments in excess of US$400 million. The transa
