Statoil has submitted a plan for development and operation (PDO) for the Katla discovery in the North Sea to the Norwegian Ministry of Petroleum and Energy. Total investments are estimated at NOK 5.4 billion in current NOK. The Katla discovery was proven in March 2009, and is situated 13 kilometres
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has entered into a LOI with an international oil company regarding acquisition of 4C seismic data in West Africa. The intention is to conclude the final contract during May and start up of the project will be in Q2. The w
Qatar Navigation, through its wholly owned subsidiary Halul Offshore Services Company (HOSC), announce that it has taken delivery of its newest vessel. Khalifa Mohamed Al-Hitmi, Chief Executive Officer of Halul Offshore Services Company, announced that the company will launch its newest addition to
Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being established through a demerger of Aker Solutions. Kvaerner will be separate and listed on the Oslo stock exchange, most likely in July
A team of Scottish engineers have developed a revolutionary marine turbine which, they claim, will produce the world’s first domestically affordable electricity from tidal energy in the next 12 months. Glasgow-based Nautricity, a Strathclyde University spin-out company, is to begin pre-commercial te
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDR’s Marine Cables division. JDR Marine Cables designs and produces special marine cables for oil and g
CGGVeritas announced a new joint venture with the Norwegian ship-owner Eidesvik Offshore to manage ten high-capacity 3D vessels in the CGGVeritas fleet, including the two new X-BOW vessels, Oceanic Vega and Oceanic Sirius. The joint venture, CGGVeritas Eidesvik Ship Management AS, will be based in B
FLIR Systems, Inc. announced financial results for the first quarter ended March 31, 2011. Revenue was $373.5 million, up 30% compared to first quarter 2010 revenue of $287.3 million. Operating income in the first quarter was $76.6 million, compared to $84.3 million in the first quarter of 2010, and
Blue Offshore announced the appointment of Stijn Folkers to the role of Commercial Director. Folkers will be responsible for the management of Blue Offshore’s Commercial Departments. Folkers has a strong background in the offshore industry. He served most recently as Manager of Contracts at Seaway H
Statoil has responded to questions put by the Petroleum Safety Authority Norway (PSA) in connection with its report into the Gullfaks B gas leak on 4 December 2010. “Concern with health, safety and the environment (HSE) is our first priority,” says Øystein Michelsen, executive vice president for Dev
Schilling Robotics, LLC, experts in subsea systems, announced that C-Innovation has placed a contract for multiple ROV systems in support of their expanding international operations. This contract includes the supply of both HD™ and UHD™ work class ROV systems that will be deployed globally, includi
Ulstein Design & Solutions has signed two ship design contracts with the Brazilian Shipyard Alianca S.A for the building of two ULSTEIN PX105 platform supply vessels with the X-BOW® hull line design for the Brazilian shipowner CBO. The contracts are worth approximately NOK 150 million. The contracts
Technip’s Annual General Meeting of Shareholders, held on April 28, 2011, ratified the cooption of Marie-Ange Debon(1), which was announced in 2010. In addition, the Annual General Meeting approved the nomination of two new female directors, C. Maury Devine(2) and Leticia Costa(3), thus bringing the
Oil and Natural Gas Corporation (ONGC) of India has awarded Baker Hughes a five-year contract to provide drilling and evaluation services and to manage third-party services for the Platinum Explorer drillship. Under the terms of the contract, Baker Hughes will supply directional drilling, measuremen
