Fossil Energy
Dong Energy Increases Interest in Ormen Lange Field
DONG Energy’s unit interest in one of its major assets, the Norwegian gas field Ormen Lange, has increased from 10.34% to 14.02%. The increase in DONG Energy’s unit interest is based on an agreed redetermination process initiated by the Ormen Lange partners and concluded in June 2013 in the form of
Olympic Shipping Terminates Vessel Charter Deal with Reef Subsea
Olympic Shipping today announced it has terminated the previously agreed charter deal with Reef Subsea for a subsea construction vessel currently being built by Kleven Maritime in Norway. In a statement published on the Norwegian stock exchange, the company said that the reason for the termination w
Mexico’s Naviera Integral Receives Fast Crew Supplier
Mexican offshore contractor Naviera Integral recently launched their latest vessel ‘ANNY MV’, a Damen Fast Crew Supplier 5009. This 50 m Sea Axe vessel was built at Song Cam Shipyard, a long time Vietnamese partner yard of Damen Shipyards Group. Indeed, the official ceremony was held in the Ha Long
Forum, Quantum JV to Buy Global Tubing
Forum Energy Technologies, Inc. and Quantum Energy Partners have announced that they have entered into a definitive agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors. Upon completion of the transaction, Forum and Quantu
VIDEO: Free-Fall Test for Valemon Platform Lifeboat
On Tuesday 9 April, 2013, the Valemon project operator Statoil and the supplier Umoe Schat-Harding (USH) carried out a successful full-scale free-fall test of a newly developed lifeboat to be installed on the Valemon platform. The Valemon field is one of Statoil’s stand-alone development projects on
New Diving & Construction Vessel For Singapore’s Kreuz Subsea
Marin Teknikk AS has entered into a contract with China Merchants Heavy Industry (Shenzhen) Co. Ltd., for delivery of design & engineering of a large Diving & Construction Vessel to Kreuz Subsea Marine Pte Ltd. in Singapore. The vessel will be to the MT6024 DSCV design with an 18 men double diving b
Offshore O&G Industry to Boost Gas Detection Systems Market
Increased activity in the oil and gas and petrochemical sectors, together with improved regulatory compliance, is boosting revenues in the otherwise mature and slow-growing Western European gas detection market. Growth during the short-term is also driven by the upgrade or replacement of existing ga
Wartsila Designs Heavy Construction Vessel for Subsea 7
Finland’s Wärtsilä, the marine industry’s leading solutions and services provider, has been contracted to provide the design for a large heavy construction vessel (HCV). The ship is to be built for Subsea 7 S.A., the seabed-to-surface engineering, construction, and services contractor to the offshor
Jaya Wins PSV Charter Deals Worth $60 Mln
Leading offshore energy services provider, Jaya Holdings Limited, has signed contracts for three of its four new build platform supply vessels (PSVs) well ahead of their delivery dates from the shipyard. The total value of these three contracts is more than US$60 million, including optional extensio
NOR SHIPPING: Maritime and Offshore O&G industries Happily Married
Yesterday’s Nor-Shipping’s Agenda Offshore conference affirmed the successful marriage of convenience between the maritime and offshore oil and gas industries. The offshore industry is “a legitimate child” of the marriage between oil and gas as well as maritime companies. “It is maybe a relationship
Ulstein Presents Benefits of Its SX121 Design
Advancement in technology is permitting the offshore oil and gas industry to move into progressively deeper and colder waters in remote locations. ULSTEIN supports this development by providing products and solutions that contribute to safer, smarter and greener operations. A case in point is the ve
RWE Dea Awarded for Its Film “Fast Track to the Future” (USA)
At the 2013 WorldFest International Film Festival held in Houston, Texas, RWE Dea picked up a Gold Remi Award in the Energy Issues category for its film “Fast Track to the Future”. The film documents the development of the Clipper South gas discovery on the UK Continental Shelf from field developmen
‘Ivan Sidorenko’ Offshore Supply Vessel Launched in Russia
The first vessel to service semi-submersible drilling rigs (SSDR), Ivan Sidorenko, left the construction dock at the Amur Shipyard (a part of Far Eastern Shipbuilding and Ship Repair Center) on May, 31. The polar supply vessel is in construction for Gazflot, a Gazprom’s subsidiary. The shipway stage
Statoil Gets Permission to Drill Norwegian Sea Well
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for the well 6506/9-3, cf. in the Norwegian Sea. Well 6506/9-3 will be drilled from the Transocean Leader drilling facility in position 65°15’4.99″ north and 6°54’15.66″ east after completion of the drilling of pr