A wholly owned subsidiary of Fred. Olsen Energy ASA has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for the building of a harsh environment ultra deepwater semi submersible drilling rig with scheduled delivery in March 2015. Total project cost is estimated to USD 700 mill
The Philippines Department of Energy (DOE) has approved BHP Billiton a 12 months extension to the current Exploration Sub-Phase 4 of SC55, located offshore Palawan. The company in April filed a request for an 18 months extension to their contractual deadline to complete drilling of the commitment we
Siemens plans to expand its presence in the important growth market Brazil – setting the course for sustainable long-term growth in the country. The company intends to invest up to 1$ billion over the next five years with the aim of strengthening and expanding its business in Brazil. Investment will
In a letter dated 13 April 2012, the Petroleum Safety Authority Norway (PSA) issued ConocoPhillips a notification of order to shut down all systems that require a functioning depressurisation system on Tor 2/4 E until a depressurisation system that complies with regulatory requirements is in place.
On wednesday, May 22, BSEE Director Jim Watson hosted an offshore energy safety forum that brought together federal decision-makers, industry, academia, and other stakeholders to discuss additional steps that BSEE and the industry can take to continue to improve the reliability and safety of blowout
As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to expand safely and responsibly, Secretary of the Interior Ken Salazar yesterday charged
Craig Group celebrates completion of £35million investment programme with launch of Grampian Defiance. The last in the series of new D class Emergency Response and Rescue Vessels (ERRVs), commissioned by Craig Group in a £35million investment programme, has been launched. The Grampian Defiance, the
Norway’s Ulstein Group yesterday unveiled its results for the full year 2011. The group had an operating income of NOK 2.1 billion and an operating profit of NOK 254 million. ‘We have competent employees and an organisation that provide for execution and delivery precision. The good collaboration we
A newly established Malaysian oilfield services provider SapuraKencana has announced that Petronas has exercised its option to extend the contract, originally signed in December 2009, for the transportation and installation of offshore oil and gas facilities, for one year (2013). Back in 2009, TL Of
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an EPC (Engineering, Procurement and Construction) contract by Subsea 7. The EPC-contract includes delivery of a two slots subsea manifold located at the Alvheim field, operated by Marathon Oil Norge AS. The pl
On May 22, CNPC and China Shipping signed a strategic cooperation agreement in Beijing. The two companies will further enhance cooperation to leverage China Shipping’s shipping capacity and guarantee the transportation of CNPC’s crude, refined oil, LNG and chemical products, as well as the marketing
Pacific Drilling S.A. announced today that French oil major Total has decided to extend the initial contract term for the Pacific Scirocco drillship from one to two years. The contract provides for further options, to be exercised at the client’s discretion, which could result in up to three additio
Eaton Corporation yesterday held a Technology Day in Oslo to showcase its wide range of electro-hydraulic systems and products for the oil and gas sector, targeting exploration and production (E&P) companies operating in Norwegian waters. A global diversified industrial manufacturer, Eaton is engage
Adria Winch, a company specialized in deck machinery, with production facilities in Split, Croatia, recently received a contract from STX OSV’s subsidiary Seaonics AS to provide deck machinery for an STX-design PSV 09 vessel. The Croatian deck machinery specialist had already equipped two STX-design
