The Brazilian National Oil Company, Petrobras has approved delivery of READ’s new and innovative Permanent Reservoir Monitoring (PRM) System, the PerForM™. An audit and Final Acceptance Test (FAT) of the system was completed by Petrobras representatives at READ’s facilities in Houston, Texas, in Apr
Through its subsidiary TTS Energy AS, TTS Group ASA has signed a Letter of Intent with Jurong Shipyard Pte Ltd in Singapore, for delivery of a high performance drilling equipment package for a new CJ70 Jack-up to be built for North Atlantic Drilling Ltd. The contract has a value of approximately NOK
The Board of Fred Olsen Production ASA informs that Mårten Lunde will resign as CEO of the Company on 31 July 2011. The Board has decided to appoint CFO Jørn Røkaas as acting CEO as from 1 August. The Board regrets Lunde’s decision to leave the company and will thank him for his contribution to [&he
Alexey Miller, Chairman of the Gazprom Management Committee and Mahinda Rajapaksa, President of Sri Lanka held a working meeting as part of the St. Petersburg International Economic Forum 2011. The meeting participants considered the prospects for bilateral cooperation in the energy sector, particul
OSD-IMT, the UK arm of Offshore Ship Designers, has been chosen by Samsung and Boskalis-SMIT Engineering to develop the basic design, detailed design and production drawings for a 99 m cable laying vessel. Neil Patterson, managing director of OSD-IMT, says, “This project illustrates perfectly the st
An oil worker has fallen to his death from a North Sea rig. The incident happened at 11.20am on Thursday on the Brent Charlie oil rig … Source: STV [mappress] Source:STV , June 20, 2011;
Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million. The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installe
Sterling Resources Ltd. has filed a Notice of Dispute with the State of Romania under the Treaty for the Promotion and Reciprocal Protection of Investments between Romania and Canada (the “Treaty”). The Notice of Dispute was filed on June 20th, 2011 as a result of deliberate and discriminatory actio
Oil States International, Inc. announced that its Oil States Industries subsidiary has been awarded a contract from Subsea 7 to supply 27 FlexJoint(R) Steel Catenary Riser (SCR) terminations and 40 receptacle assemblies for the Guara and Lula NE oilfields in Brazil. This order represents part of one
In the wake of the recent disasters that have struck the offshore petroleum industry, the International Regulators’ Forum (IRF) will be organising an extraordinary safety Summit Conference in Stavanger on 4 and 5 October, hosted by the Petroleum Safety Authority Norway (PSA). Background The disaster
EDB ErgoGroup has received notification that Statoil has exercised an option for consultancy services in the areas of SAP and Industrial IT for a further two years. The agreement entered into is an extension of a framework agreement that extends the current collaboration between Statoil and EDB Ergo
Noble Energy Inc. is due to begin exploratory drilling in Cyprus’s offshore Block 12 in September, Minister of Commerce, Industry and Tourism Antonis Paschalides has announced. On Friday, the cabinet granted the company permission to drill in Cypriot waters and use the company’s rig currently in Isr
Dolphin Geophysical AS has signed a contract with Lundin Norway AS for the acquisition of more than 600 km2 of 3D seismic data in the Barents Sea. The survey will be acquired by the Artemis Arctic and is estimated to commence in early August. “We are very pleased to be the chosen contractor by Lundi
Nido Petroleum Limited , on behalf of the SC 54B Joint Venture, wishes to provide the following update on the Gindara-1 well. At 06:00 hours on 20 June 2011 the current operation at Gindara-1 was recovering the wireline logging tool following completion of the logging program. The following summaris
