ABB has awarded Aker Solutions’ wholly-owned subsidiary Aker Marine Contractors the contract to install its subsea power cable for the Goliat field in the Barents Sea. Aker Marine Contractors will install the cable utilising its new-build subsea installation and construction vessel, AMC Connector(ph
GE Oil & Gas announces it has been issued orders to supply seven (7) subsea tree and wellhead systems, utilizing the VetcoGray MHXT(photo) tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited (Maersk Oil) for deployment in the UK North Sea. The total value of the awards is exp
Ensco plc announced that a subsidiary of the Company has entered into a 950-day drilling contract with Petroleo Brasileiro S.A. – Petrobras for ENSCO 7500, a 5th generation ultra-deepwater semisubmersible drilling rig that has operated for more than 10 years in the major offshore markets of Australi
Suncor Energy Inc. today reported fourth quarter 2010 net earnings of $1.353 billion ($0.87 per common share), compared to net earnings of $457 million ($0.29 per common share) for the fourth quarter of 2009. Operating earnings in the fourth quarter of 2010 were $946 million ($0.60 per common share)
Strategic Marine continues to enhance its profile within the offshore support services industry, winning the contract to build four new … [mappress] Source: Newsmaker, February 2, 2011;
The Spanish-based subsea services company ACSM, has boosted the top end of its ROV fleet with a Saab Seaeye Cougar. This comes as ACSM builds an ROV fleet that can offer a full range of ROV services to the subsea market, alongside their core business of providing ROV personnel and services to custom
“Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget has shifted toward an emphasis on more scalable and lower-risk activities, largely aimed at liquids rich opportunities such as the Bakken, Anadarko Woodford, Eagle Ford and Niobrara resource plays
Eurocopter officially inaugurated its new North Sea Service Centre in Aberdeen, Scotland today, providing a highly capable training, technical support and logistics facility in close proximity to helicopter operators who support the region’s vital oil and gas industry – as well as the emerging wind
BP Norge AS (BP) has been granted consent to use Valhall PH as a living quarters facility. Valhall PH is an integrated process and living quarters facility which will replace the living quarters facility QP and the production and compression facility PCP. The consent regards use of Valhall PH as a l
In accounts for the 4th quarter 2010 Farstad Shipping will be booking a loss on accounts receivable of approx NOK 46 million related to freight income earned by one of its’ vessels which this autumn was contracted by the UK company Subocean Group. Subocean Group went into administration last week Fr
GE announced the successful closing of its $3 billion acquisition of Dresser, Inc., a global energy infrastructure technology and service provider, from funds managed by Riverstone Holdings LLC and First Reserve Corporation, Dresser management and its other stockholders. The move significantly expan
Fugro GEOS has secured two large metocean (meteorological and oceanographic) measurement studies for Statoil in the Norwegian and North Seas. These highlight the importance of accurate metocean data at the design stage of development of offshore fields, and for life extension of existing fields. The
Magellan Petroleum Australia Ltd (“MPAL”), a wholly-owned subsidiary of Magellan Petroleum Corporation (“Magellan”, “Company”), and Santos Offshore Pty Ltd (“Santos”) have agreed to extend the closing date for the sale of Santos’ 40% stake in the Evans Shoal gas field located offshore Northern Terri
Chevron Corporation today filed a civil lawsuit under the Racketeer Influenced and Corrupt Organizations Act (RICO) as well as other federal and state laws against the trial lawyers and consultants leading a fraudulent litigation and PR campaign against the company. Through the lawsuit, Chevron seek
