KV Ventus B.V., a wholly-owned subsidiary of Keppel Corporation Ltd. (Keppel) has entered into a share purchase and subscription agreement and shareholders’ agreement to acquire a 49.9% stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61 million. OWEC Tower, headquar
Technip Norge AS have declared an option to the existing contract for the 2012-season on the OCV “NORTH SEA GIANT” and will now retain the vessel until end 2013. The vessel will be employed on a number of large subsea construction projects in the North Sea during 2012, including flex-lay duties on G
GSP Prince provides survey services & support for the South Stream project. The operations performed from GSP Prince covered by now about a half of the 900-kilometer long route with most of the South Stream pipeline route lying at depths of over 2 kilometers. A record reduction in time has been achi
Authorities have formally taken over the Cornwall’s Wave Hub. The £42m project is designed to test wave energy devices off the seacoast of Hayle. Department for Business Innovation and Skills has adopted the wave energy scheme. It is hoped the first businesses will connect their energy-from-wave dev
Energy Minister Charles Hendry set out his hopes for a “prosperous 2012” in the oil and gas sector, as he awarded 46 new licences to explore for hydrocarbons in the North Sea. These awards were made as part of the 26th offshore oil and gas licensing round, which was originally announced in October 2
The Royal Navy’s former flagship, the aircraft carrier HMS Ark Royal, could soon be transformed into a shipwreck for deep sea divers… (dailymail) [mappress] Source: dailymail, January 02 , 2012
Yantar Shipyard (PCZ) is planning to conduct mooring trials, ordered by the Russian Ministry of Defense, for Research & Survey Vessel Seliger in January 2012. ‘Seliger’ is a heading vessel of Project 11982 elaborated by the Central Marine Design Bureau ‘Almaz’. Shipyard ‘Yantar’ has signed the Shipb
The hedges were given over the objections of the Communications Ministry legal and economics departments. Ministry of Communications director general Eden Bar-Tal instructed the ministry’s legal and economics departments to create hedges for Tamares Telecom Ltd., which is laying a third undersea cab
On 7 and 8 December 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil in connection with the engineering of load-bearing structures on Valemon’s jacket. Objective The objective was, through spot checks, to ensure the engineering of the load-bearing structures is takin
Following an August board decision Kongsberg announces that Great Yarmouth, U.K. based GeoAcoustics will officially change its name to Kongsberg Geoacoustics Pte on January 03, 2012 and that its Singapore based Asia Pacific sales & support hub will change to Kongsberg Geoacoustics Pte Ltd. These nam
Yesterday in Moscow the Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Tur
Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million. Scope of work includes two subsea trees, one four-slot inte
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that the UK Department of Energy and Climate Change (“DECC”) has approved the Field Development Plan (“FDP”) for the Causeway Field in the UK North Sea Block 211/23d. Antrim hold
Endeavour International Corporation announced that its subsidiary, Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips’ interest in three producing U.K. oil fields in the Central North Sea for $330 million, including approximately $94 million of tax
