Following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, Munich Re has developed a new concept for insuring offshore oil drilling, which has the potential to create cover in t
Deep Sea Mooring AS, part of the Odfjell Well Services group (OWS), has been awarded a three year frame agreement with Statoil Petroleum AS for mooring services covering the Norwegian sector. The contract award to DSM will support Statoil’s rig fleet with mooring services for the next three years wi
ExxonMobil, a leading international oil company that is currently conducting oil exploration in the Black Sea, said a gigantic oil … (todayszaman) [mappress] Source: todayszaman, September 13, 2010;
Norwegian Energy Company ASA announced that drilling of the Dalsnuten prospect (exploration well 6603/5-1S) in the license PL392 has started. The well is being drilled with the rig Aker Barents, and the operator is A/S Norske Shell. Noreco recently farmed in to the license with a 10% share. This tra
Huisman, the Dutch-based specialist in lifting, drilling and subsea solutions will soon deliver a 250mt Knuckle Boom Crane to Subsea 7. This state-of-the-art crane is currently being load tested at the Huisman facility in Schiedam, the Netherlands. The crane will be installed onboard Subsea 7’s newl
The average daily production in July 2010 was about 2 117 000 barrels of oil, NGL and condensate. This is 245 000 barrels more than in June 2010. Gas production was about 7.6 billion Sm 3 , which is 0.9 billion Sm 3 less than in June. The liquid production in July was: 1 800 […]
RBG Ltd (‘RBG’), the leading provider of fabric maintenance and construction support to the global energy industry, has completed a contract worth approximately £400,000 for Acergy, for the provision of Rigid-Hulled Inflation Boat (‘RHIB’) dive services and project support. RBG was commissioned to s
STX Norway Offshore has entered into a new contract with Olympic Shipping for the building of an LNG powered Platform Supply Vessel. The vessel is scheduled for delivery in Q1 2012. The new vessel is designed by STX Norway Offshore Design in Ålesund. The hull is to be built at Tulcea, Romania, and t
Songa Offshore SE announced that a paid relocation agreement has been entered into between Songa Offshore subsidiary Pegasus Invest Ltd and an un-named industry participant for potential business opportunities in Middle Americas. The agreement covers a fully paid relocation of Songa Saturn from curr
Dana announced that the Company (through its subsidiary Dana Petroleum (E&P) Limited) has entered into an agreement with Petro-Canada UK Limited (“Petro-Canada UK”), a wholly owned subsidiary of Suncor Energy Inc. (“Suncor”), to acquire Petro-Canada UK’s interests in certain UK assets (the “PCUK Ass
BW Offshore has signed the contract for the FPSO BW Carmen with Ithaca Energy (UK) Ltd and partners. The FPSO will be employed on the Athena oil field in the UK sector and is expected to commence production during 2H 2011. The contract includes a fixed charter period of three years, plus options for
Spring Energy announces the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS (Talisman) for an amount between USD 114,5 million to USD 129,5 million pending certain near term milestones. As part of
Aker Solutions’ new deepwater intervention vessel, Skandi Aker, has today been announced winner of the coveted international “Ship of the Year 2010” award. The award was today presented to Stig Antonsen, VP Marine in Aker Solutions, by Rikke Lind, state secretary of the Norwegian Ministry for Trade
The Board of Dana (the “Board”) is today posting a circular to Shareholders setting out the valuation of Dana based on an Independent Expert’s asset valuations. The Independent Expert’s Report supports the Board’s view that the offer made by Korea National Oil Corporation (“KNOC”) for all the issued
