With oil reserves equivalent to over 30 billion barrels, Nigeria is OPEC’s fourth biggest oil producer. A fraction of those reserves is now to be extracted in the middle of the Atlantic Ocean, 100 kilometers away from Nigeria’s coastline. Unusually, the oil field has no pipeline. Instead, a ship wil
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has entered into a LOI with an international oil company regarding acquisition of 4C seismic data in West Africa. The intention is to conclude the final contract during May and start up of the project will be in Q2. The w
Qatar Navigation, through its wholly owned subsidiary Halul Offshore Services Company (HOSC), announces that it has taken delivery of its newest vessel. Khalifa Mohamed Al-Hitmi, Chief Executive Officer of Halul Offshore Services Company, announced yesterday that the company will launch its newest a
Sterling Resources Ltd. has filed a Notice of Default with the National Agency of Mineral Resources (“NAMR”) as a result of NAMR’s failure to grant license assignments to Sterling’s farm in partners Petro Ventures Europe BV and Gas Plus International BV for a 20% and 15% license holding respectively
Drilling operation at the Norvarg prospect in production license 535 in the Barents Sea has commenced. The well 7225/3-1 is the first well in the license, which was awarded in the 20th Licensing Round in 2009. Norvarg is a large gas prospect. The operation is carried out with the submersible drillin
Sevan Marine ASA , a company specializied in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet technical uptime for April 2011. Technical Uptime for April 2011 was as follows: FPSO Sevan Piranema 100 (%) FPSO Sevan Hummingb
Engineering and construction company Clough Limited today announced the appointment of David Crawford as a Non-Executive Director to the Clough Board, effective immediately. Mr Crawford fills the vacancy created by the resignation of Mike Harding in October 2010. Mr Crawford has extensive experience
Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being established through a demerger of Aker Solutions. Kvaerner will be separate and listed on the Oslo stock exchange, most likely in July
Dockwise Ltd. announces 6 awards for Heavy Marine Transport (HMT) that have recently been secured by its subsidiary Dockwise Shipping with a total contract value of more than USD 34 million. Following the recently closed Master Service Agreement with Seadrill, Dockwise will be transporting the West
A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by th
BG Norge AS, operator of production licence 522, is in the process of completing the drilling of wildcat well 6604/2-1. The well has been drilled about 45 kilometres southwest of the discovery 6705/10-1 Asterix and 60 kilometres north of the discovery 6603/12-1 Gro. The purpose of the well was to pr
Eidesvik Offshore ASA is setting up a new ship- management joint-venture with the world’s leading international pure-play geophysical company, CGGVeritas, to manage ten high-capacity 3D vessels, including the two new X-BOW vessels, Oceanic Vega and TBN Oceanic Sirius. The joint-venture, CGGVeritas E
Schilling Robotics, LLC, experts in subsea systems, announced that C-Innovation has placed a contract for multiple ROV systems in support of their expanding international operations. This contract includes the supply of both HD™ and UHD™ work class ROV systems that will be deployed globally, includi
