The Norwegian Petroleum Directorate’s resource accounts for 2011 show a solid increase in proven resources and a net increase in reserves. The Norwegian Petroleum Directorate’s (NPD’s) resource accounts, with figures updated as of 31 December 2011, show that the total recoverable petroleum resources
Cyprus based Deep Sea Supply Plc has secured long term charter contracts for PSVs “Sea Angler” and “Sea Witch” with ENI Congo for operations in Congo. The contract for “Sea Angler” will be in direct continuation of her existing long term contract with ENI Congo ending 15 July 2012. “Sea Witch” will
Atlantic Maritime Group, Sharjah, UAE has recently taken delivery of the tug AOS Power. Designed by Robert Allan Ltd. of Vancouver, Canada and built by GMG Shipbuilding & Heavy Industry Co. Ltd., China, AOS Power is the very first of the RAmpage 4500 class design. This vessel is fully equipped for a
EnerMech have been awarded a £6.6 million contract by Apache North Sea Ltd to supply and install four new Blow Out Preventer (BOP) handling cranes on the Forties Alpha, Bravo, Charlie and Delta platforms. The project, which will deliver four Stahl cranes and is expected to be completed by Q1 2013, w
Remi Eriksen will take up the position as Chief Executive Officer of DNV Maritime and Oil & Gas on 1 March. Following its acquisition of the majority shareholding in KEMA, DNV is now establishing a group structure with three companies to manage the strong multiple industry positions it now holds. DN
Drydocks World had a successful participation in the Offshore Arabia Conference and Exhibition, organised at the Dubai International Exhibition Centre from 27 – 29 February 2012. This year’s participation formed part of the company’s well-articulated strategy of increasing its influence in the oil,
PSA Norway, the government’s body responsible for safety, emergency preparedness and the working environment in the petroleum activities in Norway has carried out an inspection on the Gjøa facility, located in Norwegian North Sea. During the period 5-8 December 2011, the Petroleum Safety Authority N
PSA Norway has granted consent to Norske Shell for removal the dedicated standby vessel on the Draugen field. The Draugen field is located in the Norwegian Sea at a water depth of 250 metres. The field was discovered in 1984 and recovery started in October 1993. An updated impact assessment was carr
Two bids have been placed so far for Cove Energy’s all issued or to be issued shares. Shell’s subsidiary, Shell Bidco, recently offered USD 1.56 billion for Cove, but Thai energy company PTTEP lifted the bar and offered USD 1.77 billion. Still, the bidding process seems to be far from over. The Time
Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III safely from the Persian Gulf to a location offshore Rio de Janeiro, Brazil. The total voyage over a distance of 10,625 miles was performed with an average speed of 6.0 knots. ODN Delba III is a semi submersible drilling rig
Swedish Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with current contract with Lundin Norway AS. The contract
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
Spanish oil company, Repsol, posted a net income of EUR 2.193 billion in 2011, 53.3% lower than that recorded in 2010 and which included the one-time gain from the agreement between Repsol and China’s Sinopec in Brazil. Earnings were negatively affected by external factors such as the armed conflict
Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring o
