The subsea adventure has just begun. Within five years the subsea sector will double in size, and within twenty years the subsea production will be on par with traditional oil and gas production offshore. – In five years, the subsea market is anticipated to grow from around $30 billion to between $6
From 1 April 2012, Jens-Peter Saul (45) takes over the position as CEO of Ramboll from Flemming Bligaard Pedersen (63). This transition marks a generation change in the management of the largest consultancy company in the Nordics. Jens-Peter Saul holds a degree in engineering from the University of
Xcite Energy announces that, following the spudding of the Bentley 9/3b-7 well on 18 March 2012 with the Rowan Norway jack-up drilling rig, good progress has been made in drilling the 36″ hole and setting the 30″ conductor pipe. The 26″ hole has been directionally drilled and the 20″ surface casing
Songa Offshore, a Cyprus-based international offshore drilling company operating a fleet of 6 semi-submersible rigs with an additional 4 on order, has provided its fleet status update for March 2012: Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate
Bahamas Petroleum Company, the oil and gas exploration company with licences in The Commonwealth of the Bahamas, announces its final results for the year ended 31 December 2011. Highlights: · Successfully raised £45.6m through an equity placing; · 1,120km line2D seismic survey and competent persons
“Stavanger Fjord” – a ropax ferry is almost ready! On Thursday, the 8th of April at 12 PM, the vessel will be launched from the B1 slipway at Gdansk Shipyard. Just like at the ceremonies of steel cutting and keel laying, guests from Norway – Fjord Line ship owner and Bergen Group Fosen (for whom [&h
Regarding the two seeps – one in November, 2011 and the second in early March, 2012 – found in the Frade oil field, in Campos Basin, offshore Brazil, Chevron (Operator of the Frade oil field) released an open letter to the public on 29 March 2012 on the major Brazilian newspapers as described below.
The second World Ports & Trade Summit, which will be held under the patronage of H.H. General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi & Deputy Supreme Commander of the Armed Forces, will take place from April 2 to 4 in Abu Dhabi and includes 3 days of exhibition, high [&hellip
JSC Yantar Shipyard (Kaliningrad, Russia) works hard on construction of same-named Project 22010 oceanographic research ship. It is planned to maintain such working speed till the end of 2012 when the ship will be put afloat for outfitting and trials, reports the shipyard’s press service. To determi
The Board of Directors of MTQ Corporation Limited announces that its wholly-owned subsidiary, Blossomvale Investments Pte. Ltd., has acquired a further 48,040,442 ordinary shares in Neptune Marine Services Limited at an average price of A$0.030 per share at a total consideration of A$1.4 million (ap
SeeByte, the global leader in creating smart software technology for unmanned systems, has been selected by the US Office of the Secretary of Defense, Comparative Test Office, to participate in a Foreign Comparative Testing (FCT) Program in support of a US Navy Program of Record managed by the Naval
LDD, an Acteon company providing near and offshore drilling and foundation services, announced that its custom-built LD5000 pile top reverse circulation drilling rig has been delivered to Birkenhead, UK, where LDD will use it to provide critical pile relief drilling for the installation of up to 160
United Nations’ International Maritime Organization (IMO) has held a meeting in the Sub-Committee on Radiocommunications and Search and Rescue. The Sub-Committee considers it necessary to revise and modernize the regulations on maritime distress and safety communication, the so-called GMDSS system.
SBM Offshore N.V. today announces that contracts for the twenty year charter and operation of FPSO Cidade de Ilhabela for the north part of Sapinhoá field (former Guara Area) development in the pre-salt area, offshore Brazil, have been executed with GUARA BV and with BM-S-9 Consortium. The consortiu
