Three ULSTEIN developed designs were appointed as nominees for innovation awards in 2012, the ULSTEIN Windlifter, the Northern Light Drill Tower and the Polarcus Amani. The ULSTEIN Windlifter, developed by Dutch companies Ulstein Idea Equipment Solutions and Ulstein Sea of Solutions, is a turbine in
Fairstar Heavy Transport N.V. (“Fairstar”) confirms that on 3 May 2011 Fairstar had entered into a Shipbuilding Contract with a face value of USD 110 million with China Shipbuilding Trading Company Limited (“CSTC”) and Guangzhou Shipyard International Company Limited (“GSI”) concerning the acquisiti
The port of Damietta recieved during the month of June the giant semisubmersible drilling rig Ocean Endeavor owned by U.S. company Diamond Offshore. Ocean Endeavor is specialized in the detection and exploration for oil and was leased to the Burullus Gas company working in the field of oil explorati
Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator. The contract value is undisclosed. The deepwater drilling riser system will be manufactured and delivered from Aker Solutions’ manufacturing plant in Port Klang, Malaysia. “We ar
Noble Corporation reported second quarter 2012 earnings of $160 million, or $0.63 per diluted share, versus $120 million, or $0.47 per diluted share, for the first quarter of 2012. Earnings for the second quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services revenu
Craig International Supplies (CIS), a division of global shipping and energy services firm Craig Group, has secured a multi-million pound contract with a major oil and gas operator. The oilfield procurement services company has been awarded a three year contract with BG in the North Sea worth betwee
Air Products’ global leading liquefied natural gas (LNG) technology and equipment will be floating on an LNG production platform 180 kilometers off the coast of Malaysia and producing 1.2 million tons per year of LNG when the PETRONAS Floating LNG Project 1 (PFLNG 1) comes onstream in late 2015. Air
Wood Group announces a number of Board changes that will become effective 1 November 2012. * Chairman, Sir Ian Wood, will retire as Chairman and from the Board. Sir Ian has been Chairman since 1982 and was CEO from 1967 to 2006 * CEO, Allister Langlands, will become Chairman. Allister has been with
Funding announced by the Research & Development Corporation (RDC) is supporting the development of an innovative 3-D simulation software product that will enhance offshore oil and gas installation design and operations. Mount Pearl-based GRI Simulations Inc. is receiving $250,000 from RDC’s Proof of
Pancontinental Oil & Gas NL (“Pancontinental”) announces that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to purchase 10% of Paragon’s interest in the EL 0037 licence for US$4 million. Pancontinental will now pay Paragon US$2 million and
The EPC conversion project P-63 (Papa Terra) is under construction at the COSCO Dalian yard in China. As a consequence of increased work scope compared with initial plans, the departure of the unit has been delayed. A thorough review of the consequences of the extended yard stay and additional scope
Yesterday Vroon Offshore Services (VOS) have taken delivery of VOS Athos. This new addition to the VOS fleet was delivered from Fujian Southeast Shipyard in China. VOS Athos is a 59-metre “A class” anchor handling tug supply (AHTS) vessel and the first of three vessels being built at this yard for V
Fastnet Oil and Gas plc, the newly listed E&P company focussed on near term exploration acreage in the Celtic Sea and Africa, announces that it has acquired the entire issued share capital of Pathfinder Hydrocarbon Ventures Ltd from its parent company, Pathfinder Energy Maghreb plc (“PEMP”) for an i
GL Noble Denton, the independent technical advisor to the oil and gas industry, has appointed industry veteran Arthur Stoddart to lead its operations in the Americas. Mr Stoddart will become Executive Vice President for the region, based in Houston. He will take overall responsibility for developing
