Wave energy developer Aquamarine Power today announced its next-generation Oyster wave energy device is to be built in Scotland by leading fabrication contractor Burntisland Fabrications Ltd (“BiFab”). The news follows last week’s announcement of £11 million new investment in Aquamarine Power by mul
E.ON has sold the 3.5 percent stake in Gazprom held by its subsidiary E.ON Ruhrgas. E.ON reached an agreement to sell a 2.7 percent Gazprom stake to Vnesheconombank (VEB), Russia’s state-owned investment bank. The payment of the purchase price and the transfer of the stock to VEB are expected to tak
Mechanical engineering specialist, EnerMech, has backed up its ambition to develop a global business with the £4 million purchase of its headquarters building in Aberdeen. In addition to the purchase of the previously leased property, a £400,000 refurbishment programme is underway, which includes pl
In July this year Kleven Maritime entered into a contract with Eidesvik Offshore for the delivery of one advanced Platform Service Vessel of the VS 489 LNG design, with one optional vessel to be declared before December 1st 2010. This option has now been declared. The vessels are to be outfitted at
“This award signifies a quantum leap for subsea gas compression within the oil and gas industry. As one of the major subsea contracts awarded during 2010, this has been a key target for Aker Solutions. It confirms our position as the preferred partner of subsea technology, solutions and capability,”
Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Voser, Chief Executive Officer of Royal Dutch Shell plc, signed a protocol on strategic global cooperation. This agreement establishes basic guidelines for the companies’ broader collaboration. Amongst the opportunities the compa
Awilco Drilling Limited is a UK based offshore drilling company owning and operating two semi submersible drilling rigs. The Company is listed on the Norwegian OTC under the ticker code AWDR. At the end of September 2010 Awilco Drilling Limited (Awilco Drilling) had one rig in operation and one rig
Valiant Petroleum plc (“Valiant” or the “Company”) provides the following update with regard to its operations during the second half of 2010 and forward work programme for 2011 and beyond. Highlights · 2010 Production at upper end of guidance, 2011 anticipated at 6,500-7,500 barrels of oil per day
Lundin Norway AS, operator of production licence 338, is in the process of completing the drilling of wildcat well 16/1-14. The well is being drilled about 4 km northwest of the 16/1-8 (”Luno”) oil discovery and 3 km south of the 16/1-9 (”Draupne”) oil discovery. The objective of the well was to pro
Total announces the launch of Phase 2 of the development of the West Franklin field, after receiving approval from the UK Government’s Department of Energy and Climate Change (DECC). The West Franklin field is located in Blocks 29/5b and 29/4d in the UK sector of the North Sea, approximately 240 kil
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, is announces that it has signed a rig contract securing the Maersk Guardian jack-up rig (photo) to drill the Clapton pros
A/S Norske Shell, operator of production licence 392, is in the process of completing the drilling of wildcat well 6603/5-1 S (Dalsnuten). The well has been drilled about 50 km northeast of the 6603/12-1 (Gro) gas discovery in the Norwegian Sea, and about 410 km west of Sandnessjøen. The objective o
The SURF (subsea umbilical riser and flowline) installation market is expanding and pushing into ever-deeper waters. At the same time IHC Engineering Business (IHC EB) has seen a dramatic expansion of its range of pipe and cable lay systems, with a number of large scale projects delivered, or ongoin
Reference is made to earlier announced LOI for rebuilding of the seismic vessel “Geowave Master” with a total estimated value of NOK 160 – 170 million(Approximately USD $ 24 million). Bergen Group has, through its subsidiary Bergen Group Halsnøy AS, now signed a final contract for this rebuilding. T
