Demand for natural gas is growing in all the major European, American and Asian consumer regions, and the market forward curves show rising prices in coming years. This was a key message at a press seminar in Oslo today, where Rune Bjørnson (Photo), executive vice president for Statoil’s Natural Gas
Aberdeenshire-based ThinJack is celebrating record quarter year turnover thanks to increasing global demand for its bespoke services. Between April and June this year, ThinJack delivered sales of over £300,000 compared with just over £100,000 for the same quarter in 2009. The Westhill business is ra
Bjørge ASA will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company. The split will create two focused operations capitalizing on established market positions within the service sectors of the oil and gas industry. The two
The State Oil Company of Azerbaijan (SOCAR) put into operation the renovated crane vessel Qurban Abbasov and the ship Caspian Power on … By E. Ismayilov(TREND) [mappress] Source: Trend.az,September 20, 2010,
Dockwise Ltd. (“Dockwise” or the “Company”) is conducting a feasibility study for a new “Type 0” semi-submersible vessel to meet the expected increasing demand for means of transportation for extremely large and heavy production platforms. In order to cater for a prudent financing of this vessel, th
Bibby Offshore Holdings Limited, the holding company of Aberdeen-based subsea construction and IRM firm, Bibby Offshore, has made two board appointments. Andrew Duncan and Jeremy Punnett have been appointed to the positions of business & commercial director and strategic & corporate development dire
Songa Offshore SE (“Songa” or the “Company”) announced that a wholly owned subsidiary of the Company has entered into an agreement to sell the drillship Songa Saturn to a wholly owned subsidiary of PetroSaudi Oil Services Ltd. (“PetroSaudi”) for net sales proceed of USD 260 million. As advised by th
A letter of agreement has been signed for the provision, lease and operation of a semi-submersible production facility for the Tubular Bells field in the Gulf of Mexico (GOM). The agreement allows SBM Offshore to start engineering and commit substantial hardware investment in the facility until fina
Statoil has awarded Aker Solutions the Sleipner Modifications Portfolio Agreement and the first project-specific agreements for engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner in the North Sea. The order is worth approximately NOK 900 million (approxi
On August 16, 2010, Arne Smedal and Kåre Syvertsen was awarded the Norwegian Academy of Technological Sciences’ (NTVA) Special Award for their contribution to the development and commercialization of several breakthrough marine constructions, including loading systems that can handle high sea states
A preliminary count reveals that 41 companies have applied for acreage in the 2010 Awards in Predefined Areas (APA 2010). This result shows that interest remains high in awards in predefined areas in the North Sea, the Norwegian Sea and the Barents Sea, even though much of this area has been previou
KNOC has bought a 29.5% stake in Aberdeen-based oil company Dana Petroleum at the same price as last month’s hostile bid. [mappress] Source: UKfinanceyahoo,September 17, 2010,
Centrica plc, the parent company of British Gas, today announced that it has reached an agreement with A/S Norske Shell and Enterprise Oil Norge AS (Shell) to acquire its non-operated interests in the gas and oil producing Statfjord field in the Norwegian sector of the North Sea, and its associated
Providence Resources P.l.c. , („Providence‟), through its wholly owned subsidiary EIRGAS Limited („EIRGAS‟), is pleased to announce that it has selected international engineering and project management company AMEC to begin a conceptual development study for the ULYSSES salt cavern gas storage proje
