Fugro N.V., the Netherlands, and Tebma Shipyards Limited, India, have signed a ship building contract for new Geotechnical Research Vessels. The vessels are DP2, approximately 82.9 meters long, 19.8 meters wide and have a dead weight of approximately 2500 tons. The contract is for two firm orders pl
Noreco’s oil and gas production in May 2010 was 13,500 barrels of oil equivalents (boe) per day. Net realized oil price was USD 71 per boe after adjustments for oil put options, inventory and NGL and gas prices. Production from the four fields in the Siri area was 17,400 boe/day in total (6,500 boe/
Sevan and ING Bank have agreed on a term sheet, which is subject to final credit approval and documentation, for a secured bank facility of USD 230 million for FPSO Sevan Voyageur which will replace the existing 1st lien financing of USD 150 million. The net proceeds of the refinancing completes the
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA („PGNiG”) reports it was notified that on Licence PL212, near the Skarv gas and oil field, PGNiG Norway AS (a wholly-owned subsidiary of PGNiG) and its license partners discovered gas deposits in the Snadd North prospect. The recover
Northern Petroleum Plc, an independent oil and gas exploration, development and production company announces its audited results for the year ended 31 December 2009. Highlights: Operational: * At 31 December 2009 the Company had 102.9 million barrels of oil equivalence of net proven and probable res
Energy Secretary Chris Huhne today said that the UK Government will increase its inspection of drilling rigs and monitoring of offshore compliance and has asked a new oil industry group to report back on its findings on the UK’s ability to prevent and respond to oil spills. A review has been carried
IFC, a member of the World Bank Group, announced yesterday (7 June) that it is investing in the GAC Group to help the global shipping… [mappress] Source:Ports , June 8, 2010:
The Supervisory Board of SBM Offshore N.V. will make a non-binding proposal at an Extraordinary General Meeting of Shareholders to appoint Mr Francis Gugen as a Supervisory Director for a term of 4years. Mr Francis Gugen (British, born 1949) is a qualified chartered accountant. He is chairman and a
Turkey will buy 6 billion cubic meters of Azerbaijani gas annually within the second stage of the development of gas-condensate field… [mappress] Source:Entrendaz , June 7, 2010:
Frode Sollid has been appointed design manager for offshore support vessels at Ulstein Design & Solutions in Norway. In addition to designing offshore support vessels, the design department delivers design services to Ulstein Group’ s more recent initiatives, such as heavy offshore and short sea shi
A Teeside engineering firm is looking to expand its presence overseas after securing a £16m investment. [mappress] Source: .nebusiness, June 4, 2010;
EnCore Oil plc. provides an update on the Catcher exploration well located in UK Central North Sea block 28/9. The 28/9-1 well was drilled to a TD of 5,219 ft Measured Depth (M.D.) having successfully encountered excellent quality oil bearing reservoir sandstones at 4,600ft at the target Cromarty Sa
A launching ceremony for the first of Ulstein’s SX130 for Neptune Offshore took place at Sinopacific shipyard, Zhejiang Shipbuilding in Ningbo China, on Sunday 9th of May. According to Chinese traditions the ceremony included heavy fireworks and congratulations from Shipowner and Shipyard. The SX130
Det norske oljeselskap ASA has signed an agreement with Repsol Exploration Norge AS, whereby Det norske will reduce its ownership interest in PL 356 from 100 percent to 60 percent. Repsol will take on a 40 percent interest in PL 356, where plans are being made for drilling of the Ulvetanna prospect
