Saipem announced that it has been awarded several new contracts from the end of November 2012 to date. In Saudi Arabia, Saipem has been awarded a lump sum contract by Saudi Aramco increasing the original scope of work agreed in early 2011 for the development of the Arabiyah and Hasbah fields, locate
Statoil has received a new consent to use Glitne, which includes the Petrojarl 1 production and storage facility with associated subsea wells. Production on the Glitne field started in 2001. However, additional resources that were discovered in the field have made it possible to operate the field fo
Statoil’s fourth quarter 2012 net operating income was NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. Statoil delivered equity production of 2,004 mboe per day in 2012, increased by 8% from 1,850 mboe per day in 2011. Adjusted earnings increased by 7% to NOK 193.2 billion in
Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012. The licenses extend over 2,572 square kilometer
Opponents of the Marine Minerals Limited planned mining project on the north Cornish coastline expressed their worries about the impact of the project on the local ecosystem, BBC informs. The company has already submitted a plan to begin the process of collecting tin from the seabed from St Ives to
Winter is for real, and in January, massive frost covered Denmark and the installation area at Anholt Offshore Wind Farm. Danish Meteorological Institute, DMI, is making weather forecasts and preparing satellite photos to follow the ice formation in the Danish waters. The prognosis for ice formation
FoundOcean has completed the grouting contract for Narec’s Offshore Anemometry Hub (NOAH), under contract to SeaRoc. The NOAH contract was a notable project in another very successful year for FoundOcean which included offshore operations in the United Arab Emirates, South East Asia, Australia, Indi
Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, announces the company has secured more than £15 million of new work with a major North Sea operator in the past month. The contract award will
Leading subsea integrity and project management specialist Flexlife has been awarded a contract extension by Apache North Sea worth £5million per annum. Flexlife was originally awarded a three-year deal that amounted to £13million and has now secured a one-year extension to project manage work with
Technip was awarded by Shell U.K. Limited an engineering, procurement, installation and construction contract for the Gannet F Reinstatement project, located in the North Sea, 180 kilometers east of Aberdeen, at a water depth of 95 meters. The contract concerns the replacement of the Gannet F flowli
Scottish Hydro Electric Transmission plc (SHE Transmission) has awarded MMT Sweden the HVDC cable re-route survey from Shetland to the Caithness landfall. SHE Transmission, which is part of the SSE Group, is planning to install a HVDC cable system between Shetland and Caithness, on the Scottish main
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to $5.0 billion for the same period in 2011. For the full year, u
Ithaca Energy Inc. announces that the Company has completed the acquisition, announced on 9 October 2012, of the wholly owned UK subsidiary company of Noble Energy Capital Limited (a subsidiary of Noble Energy Inc.), which owns the 12.885% non-operated interest in the Cook field. The Cook oil field,
Alcatel-Lucent has signed an agreement with Statoil to co-design and deliver a solution incorporating high-bandwidth communications and electrical power supply into subsea control systems for offshore oil and gas production facilities. The solution will address tiebacks – connections from offshore/o
