OSM Offshore has agreed to enter into a 6 years contract with Norwegian energy company Statoil Petroleum AS to operate the Heidrun FSU. The Heidrun FSU is currently being built by Samsung Heavy Industries at the world’s second-largest shipyard in Geoje Island, Republic of Korea and is expected to be
Statoil announces an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years. Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s explorat
GC Rieber Shipping maintains its good underlying operations in all segments, and delivers its best quarterly result in the company’s history. The company had an overall fleet utilisation of 96 percent, corresponding to the same level in the third quarter last year. Sale of vessel has released a subs
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), announces that the Johan Sverdrup appraisal well 16/3-7, located in the south-eastern part of PL501, is completed. Appraisal well 16/3-7 is located at the south-eastern flank of the Johan Sv
CGG announced its non-audited third quarter 2013 consolidated results. All comparisons are made on a year-on-year basis with CGG 2012 results before the Fugro Geoscience acquisition. – Q3 Revenue up 6% and EBIT at $95 million – Group revenue at $908 million, up 6% – Lower Equipment sales due to temp
Solstad Offshore (SOFF) announces operating income for the three first quarters, excluding gain on sale NOK 36 million, was NOK 2,631 million, compared to last year’s NOK 2,550 million. The revenues from the construction service segment were significantly higher compared to 2012. Available charter d
Nord Stream AG is currently conducting a load test on both lines of the fully-integrated gas transportation system. The industry-standard load tests serve to confirm reliability of the pipelines. The completion of the NEL-Pipeline in early November allows for a test phase involving the connected gas
Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced its results for the third quarter of financial year 2013 (“3Q 2013”) ended 30 September 2013. Financial and operating rev
Aker Solutions’ earnings for the third quarter of 2013 showed a steady improvement in profit compared with the first half of the year, helped by improved execution in several business areas and key deliveries. Financial Highlights – Sales were NOK 10.9 billion in the third quarter of 2013, compared
Statoil has started production from the Visund North oil and gas field in the North Sea. Visund North is the sixth project that has started production of the 12 “fast track” projects Statoil has in its portfolio. “Completion of the first production well as well as a production shutdown at the Visund
After a successful initial study to validate their tidal turbine design software Tidal Bladed, GL Garrad Hassan are preparing for the next phase of full scale validation, under the Reliable Data Acquisition Project for Tidal (ReDAPT) project. Tidal Bladed is a commercial software package which can b
During Offshore Energy 2013 held in Amsterdam RAI on 15 and 16 October, our reporters spoke to Stuart Ross, Europe CIS Regional Technical Manager for Well Test at Expro. Stuart highlighted Expro’s activities in pioneering well flow management: “Expro provides our clients with the services, products
Rosneft announces the completion of the summer 2013 field prospecting season at the company’s offshore license blocks. Seismic prospecting has been conducted at the following blocks: Fedynsky, Central Barentsevsky, East-Prinovozemelsky 1, East-Prinovozemelsky 2, East-Prinovozemelsky 3, South-Russky,
Reach Subsea AS announced that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of Normand Reach for a 2 year firm contract with 2 yearly options. Reach Subsea shall provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF Subsea from t
