In 2009, crude oil, natural gas, and pipeline transport services accounted for almost 50 percent of Norway’s exports value, 22 percent of GDP, and 27 percent of government revenues according to the Norwegian Petroleum Directorate. Although Norway’s oil production peaked in 2001 at 3.42 million barre
The construction of onshore and offshore oil and gas pipelines is driving growth in the welding equipment and consumables market. Growth is largely due to high demand from major pipeline construction companies requiring welding equipment, consumables, manufacturing automation, steel pipes, cables an
The Drewry Shipping Consultants said long term growth prospects for LNG carriers are positive brought by the increasing global demand for en… pomorac [mappress] Source: pomorac, August 5, 2010;
Rhenus Port Logistics’ breakbulk terminal in Rotterdam Waalhaven area is expanded considerably. The quay is extended from 580 to 900 metres. The terminal area grew from 33,000 to 63,000 square metres, with the area for covered storage increasing from 13,000 to 21,000 square metres. Since 2000, the R
Argus reported that this month’s second delivery to France’s Fos Cavaou LNG terminal has been scheduled, completing the terminal’s August co… steelguru [mappress] Source: steelguru, August 5, 2010;
Global shipping and energy services firm, the Craig Group, has announced a multi million pound investment in four new emergency response and rescue vessels. (ERRVs) It is anticipated that the new vessels have the potential to create an additional 120 jobs in the North Sea marine industry. Managed by
Malta’s economy would totally collapse if an oil accident were to happen in the Mediterranean, according to Nature Trust. [mappress] Source:TheSundayTimes, Malta, August 3, 2010:
Wilhelmsen Ships Service in the UK has secured a Service Agreement using its brand new “Ships Agency Re-Defined” initiative to provide husba… (hellenicshippingnews) [mappress] Source: hellenicshippingnews, August 03, 2010;
After two years in Angola the Multicat Alma Defender has succesfully passed its Bureau Veritas Special Survey and is fully operationnal. Alma Defender is a Multicat built in 1995, previously “Coastal Defender” from Acta Marine, equipped with a 40 tons deck crane. Almatug is a shipping company operat
Serica Energy announces that on 30 July drilling operations commenced at the Oates exploration well location in Block 22/19c in the UK Central North Sea. The well will be drilled by the Ensco 100 jack-up drilling rig to a depth of approximately 10,000 feet and is anticipated to take approximately 30
BW Offshore has signed the contract for the completion of the FPSO OSX-1, a project with an approximate value of the scope of USD 150 million. BW Offshore will act as the project manager, assisting the owner, a subsidiary of the Brazilian publicly traded company OSX Brasil S/A, providing engineering
Statoil commenced production of oil from the Morvin subsea field towards the Åsgard field in the Norwegian Sea Sunday, 1 August. “The field is strategically important for further development and operation of activities in the Norwegian Sea,” says Ivar Aasheim, head of the Operations North cluster in
Melrose Resources, the oil and gas exploration, development and production company, announced an exploration discovery in the Galata block offshore Bulgaria. The Kavarna East No.1 well has been successfully drilled to test an exploration prospect approximately 10 kilometres to the east of the Melros
Lundin Norway AS (Lundin Petroleum) has received consent to conduct exploration drilling of well 16/1-14 in PL 338. The well will be drilled with the mobile drilling facility Transocean Winner The purpose of drilling is to investigate the production characteristics of the formation. The drilling loc
