BP announced that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP o
BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated b
Ithaca Energy Inc. announces completion of a highly successful flow test on the first development well drilled on the Stella field and provides a progress update on the Greater Stella Area development activities. The first Stella field development well, “A1”, flowed at a maximum rate of 10,835 barre
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym drilling rig, has proven a 45 metre oil column in the Åre formation a
Induction-based electric propulsion motor technology from GE’s Power Conversion business will be used to power four new LNG carriers that Korean shipbuilder Hyundai Heavy Industries will build for Maran Gas Maritime, the gas shipping unit of the Angelicoussis Shipping Group. Contracts for the propul
The 6th installation of KCI’s self installing and floating concept the Multi Purpose Platform (MPP) took place early August. Customer Wintershall envisaged to relocate a MPP from location P6-S to Q1-D where the platform will find a new challenge. Prior to the transport, the P6-S platform was decommi
BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, announced that Qatargas, the world’s largest Liquefied Natural Gas producer, selected BWise as their preferred supplier for GRC software. Qatargas’ primary objective is to m
Det norske oljeselskap ASA has entered into a USD 1 billion revolving credit facility, equivalent to NOK six billion, with a group of Nordic and international banks. The facility contains an uncommitted accordion option which could increase the facility to USD 2 billion, equivalent to NOK twelve bil
FoundOcean, contracted to Subsea 7, has completed member infill grouting services to strengthen a tubular member of the DPPA Platform situated within Morecambe Bay in the Irish Sea. A horizontal steel member at elevation -7m on the platform was filled with ordinary Portland cement grout to give it a
Songa Offshore, an international offshore drilling company, announces its rig update for August. Songa Venus achieved an earnings efficiency of 96% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur continued its operational preparations and installing Client 3rd party equipme
Det norske oljeselskap ASA has made an oil and gas discovery in the Lundin Petroleum-operated Gohta prospect in PL 492 in the Barents Sea. Det company holds a 40 percent ownership interest in the license. Lundin Petroleum is in the process of completing the drilling operations in well 7120/1-3, whic
Technip announces that its operating center in Rome, Italy, has signed an agreement with China Huanqiu Contracting & Engineering Corporation (HQC) to set up two joint-venture companies. Headquartered in Rome and Beijing, China, they will be responsible for procurement activities, respectively on the
Antrim Energy Inc., a Canada-based international exploration and production company, today announced that routine maintenance of the North Cormorant platform has commenced as scheduled and oil production from the Causeway Field in UKCS P1383 Block 211/23d (Antrim working interest 35.5%) and the Corm
Acteon announces that it has completed the acquisition of Probe Oil Tools Ltd, which is based in Great Yarmouth, UK. Established in 1973 and still being run by its managing director, Keith Ford, Probe Oil Tools is a specialist provider of high-specification pressure-control equipment, including well
