Dana Petroleum has now acquired 40 per cent equity in the Danish 12/06 licence from PA Resources and will assume operatorship from 1 June. PA Resources retains a 24 percent interest in the licence. Following on from the transfer of operatorship, Dana plans to drill an appraisal well on the Lille Joh
Ocean Installer signed short term charter for the OCV/ROV vessel Grand Canyon in order to meet project requirements. Due to an increasing order book Ocean Installer is experiencing high utilisation of its current fleet and recognises the need for increased vessel capacity in the UK. “We have seen th
Danish cable installation company, CT Offshore, received a contract for the cable laying and burial of 97 inter-array cables at DONG Energy’s Gode Wind offshore wind farm 1 + 2. ”In the current market this is an important contract for CT Offshore. While new and larger cable laying vessels are being
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa. BOA Thalassa is a purpose-built 3D EM v
The Gemini offshore wind project shareholders, headed by Canada’s Northland Power Inc., announced that they have reached agreement with the banks on the project’s financing. The financial close will contribute EUR 2.3 billion to the overall construction costs of EUR 2.8 billion. Van Oord has a 10% e
Technip confirmed that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world’s largest
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today the Press Conference “Mineral and Raw Material Base Development, Gas Production, Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman o
Key infrastructure for the Cygnus gas field left the Heerema Hartlepool yard yesterday as the project takes the next step towards targeted first gas in late 2015.
Viper Subsea has attracted major operator Shell to join BP and Total in a Joint Industry Project to develop its Subsea Line Integrity Monitoring (V-SLIM) unit which is used to identify and locate faults in remote subsea electrical distribution systems. The addition of another major operator as a spo
Dolphin Geophysical AS, Norwegian supplier of marine geophysical services, has reported net income of $6.2 million for the Q1 2014, compared to $8 million in Q1 2013. Dolphin Geo’s revenues for Q1 2014 were USD 80.2 million, compared to USD 69.1 million in Q1 2013. Recorded EBITDA was USD 22.7 milli
Ceragon Networks Ltd., wireless hauling specialist, has opened its new competence center in Bergen, Norway, which will be committed to boosting the company’s operations serving the Oil and Gas market. The center will spearhead Ceragon’s research, sales, support and strategic efforts to the market, a
Royal Boskalis Westminster N.V. has released an update on its 2014 developments. Boskalis said it realized a higher revenue in the first quarter of 2014 compared to the same period in 2013. Adjusted for the acquisition of Dockwise, which was only included in the consolidated figures from the second
MultiClient Geophysical (MCG) has extended its multi-client 2D (MC2D) Barents Super Tie towards the east into the newly opened Barents South East (former Disputes Zone between Norway and Russia). The new lines will tie the existing Barents Super Tie in the west to the areas to be covered by the Grou
Narec has been awarded a new Knowledge Transfer Partnership project funded by the Technology Strategy Board in association with Newcastle University. The project which started in May 2014 and runs for three years aims to develop cost effective and feasible condition monitoring techniques optimised f
