The 2nd edition of the World Offshore Operations & Maintenance Market Forecast, by Douglas-Westwood (DW) forecasts over $335 billion worth of expenditure from 2012-2016 on offshore oil & gas operations & maintenance (O&M). With O&M markets considerably less vulnerable to economic downturn than their
Mr. Anon Sirisaengtaksin, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed the PTTEP 1st Quarter Operating Results. The company and its subsidiaries posted a net profit of USD 589 million (equivalent to 18,288 million baht), an increase of USD 229 mil
Red Spider, the Remote Open Close Technology specialist delivering major savings and reduced risk to the oil & gas industry, has announced completing 100 operations using its ground-breaking eRED tool. The work involving eRED has generated multi-million pound sales for Red Spider and has taken place
Newly appointed Morten Heir holds a masters degree in Petroleum Engineering from the Norwegian University of Science and Technology (NTNU, Trondheim) as well as a masters degree in business administration from the School of Economics and Business Administration (NHH, Bergen). He also previously work
Kiewit-Kvaerner Contractors joint venture, has been authorised by ExxonMobil Canada Properties (EMCP) to proceed with work on the Hebron Project gravity based structure (GBS) project offshore Newfoundland and Labrador, Canada. The authorisation comes after the substantial completion of front end eng
The Petroleum Safety Authority Norway has given its approval to Wintershall to carry out exploration drilling of well 33/6-4 with the Borgland Dolphin rig. Well 33/6-4 belongs to production licence 370 in the northern part of the North Sea, adjacent to the median line with the UK.. Water depth at th
The Gazprom headquarters yesterday hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP). The meeting was focused on a development outlook for the global energy market and cooperation between
First quarter Subsea Technologies orders of $1.4 billion Record Subsea Technologies backlog of $4.7 billion FMC Technologies, Inc., global provider of technology solutions for the energy industry, yesterday reported first quarter 2012 revenue of $1.4 billion, up 29 percent from the prior-year quarte
Kurt Mix, a former engineer for BP plc, was arrested yesterday on charges of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster, announced Attorney General Eric Holder, Assistant Attorney General Lanny A. Breuer of
Cyprus-based SeaBird Exploration PLC has been awarded a contract in excess of USD 5.5 million in East Africa for the Northern Explorer vessel by a Multi-Client company. The contract will commence in direct continuation of her current contract with Spectrum ASA, and has an estimated duration of 60 da
National Drilling Company, Abu Dhabi, has decided to exercise the options for Lamprell to build a further two jackup rigs in addition to the four rigs currently under construction by Lamprell for NDC. The new agreement with NDC is for the construction and delivery of two jack-up rigs valued at US$ 1
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, was notified by BP, the operator of the Skarv project, of postponement of oil and gas production on the Norwegian Continental Shelf from Q2 2012 to Q4 2012. The postponement is caused by a delay in installation of risers due t
A short while ago BW Athena arrived the UK North Sea field location – another step towards first oil. Yesterday a ceremony took place at Inocean when a mini version of the vessel was unveiled. In March 2010, BW Offshore signed a letter of intent for the FPSO BW Carmen with Ithaca Energy for work [&h
China Oilfield Services Limited hosted a ceremony in the deep-water wharf at Yantai CIMC Raffles Shipyard Co. Ltd. for delivery of the deepwater semi-submersible rig COSLPromoter. COSLPromoter, the third semi-submersible drilling rig CIMC Raffles constructed for COSL, shares the same design as rigs
