Foster Wheeler AG announced that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and contrac
Foster Wheeler AG announced today that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and c
Oceanic Research and Recovery Inc. , a marine salvage and exploration company, announced that team members have discovered two shipwrecks in the Philippines. Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to
LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) has acquired from Quad Energy S.A., a private petroleum company, a 50% interest in the Production Sharing Agreement for the Hanoi Trough-02 (НТ-02) offshore block. The transaction is subject to certain conditions precedent, and among other things the
Subsea 7, will mark its new beginning to the global oil and gas industry at this year’s Offshore Technology Conference (OTC) in Houston, Texas, where its presence is bigger than ever before. Subsea 7 Inc. and Acergy S.A. merged in January this year, bringing together two very strong subsea companies
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
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), announces that it has taken delivery of its newest vessel. Khalifa Mohamed Al-Hitmi, Chief Executive Officer of Halul Offshore Services Company, announced yesterday that the company will launch its newest a
Sterling Resources Ltd. has filed a Notice of Default with the National Agency of Mineral Resources (“NAMR”) as a result of NAMR’s failure to grant license assignments to Sterling’s farm in partners Petro Ventures Europe BV and Gas Plus International BV for a 20% and 15% license holding respectively
Drilling operation at the Norvarg prospect in production license 535 in the Barents Sea has commenced. The well 7225/3-1 is the first well in the license, which was awarded in the 20th Licensing Round in 2009. Norvarg is a large gas prospect. The operation is carried out with the submersible drillin
Sevan Marine ASA , a company specializied in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet technical uptime for April 2011. Technical Uptime for April 2011 was as follows: FPSO Sevan Piranema 100 (%) FPSO Sevan Hummingb
