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Business & Finance

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Neptune Announces Start of New Fabrication and ROV Work Scopes (UK)
Business & Finance

Neptune Announces Start of New Fabrication and ROV Work Scopes (UK)

Neptune announces the commencement of a significant fabrication scope at its workshops in Stonehaven and Fordoun (Aberdeen, UK). Valued at approximately £1million (AUD$1.56 million), the project involves the fabrication of specialist subsea structures and equipment and is anticipated to continue for

about 15 years ago
TGS Starts Multi-phase 2D Seismic Reprocessing Offshore Indonesia
Business & Finance

TGS Starts Multi-phase 2D Seismic Reprocessing Offshore Indonesia

TGS has commenced an extensive multi-phase reprocessing program of 2D seismic data located in the Makassar Strait, Indonesia. The first phase consists of 2,700 km of seismic data in the Northern Mahakam Delta. The original and reprocessed data support the exploration potential of the deepwater area

about 15 years ago
Brazil: Petrobras, Karoon Abandoning Maruja 2 Well
Business & Finance

Brazil: Petrobras, Karoon Abandoning Maruja 2 Well

Karoon advises that the Marujá-2 appraisal well is currently completing its drilling operations in this location, after drilling an initial deviated well (3-SPS-83D) to a measured depth of 2,530m, followed by side-track vertical well (3-SPS-84P) drilled to a measured depth of 2,389m. Both wells enco

about 15 years ago
TGS Starts Extensive 2D Reprocessing Project in Indonesia
Business & Finance

TGS Starts Extensive 2D Reprocessing Project in Indonesia

TGS has commenced an extensive multi-phase reprocessing program of 2D seismic data located in the Makassar Strait, Indonesia. The first phase consists of 2,700 km of seismic data in the Northern Mahakam Delta. The original and reprocessed data support the exploration potential of the deepwater area

about 15 years ago
HWCG Announces Expansion of Deepwater Capabilities (USA)
Business & Finance

HWCG Announces Expansion of Deepwater Capabilities (USA)

The Helix Well Containment Group (HWCG) announced it will substantially increase its subsea well containment capabilities this year by expanding its ability to control and contain a release in water depths up to 10,000 feet. HWCG is a consortium of 22 deepwater operators in the Gulf of Mexico that h

about 15 years ago
Singapore: Otto Marine Sells Two AHTS Vessels for USD 43.4 Million
Business & Finance

Singapore: Otto Marine Sells Two AHTS Vessels for USD 43.4 Million

Otto Marine Limited, , a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announces that its shipbuilding arm and wholly-owned subsidiary, Otto Offshore Limited has entered into a sales agreement

about 15 years ago
Dong Energy Bids to Get Peace of Round Three Cake (UK)
Business & Finance

Dong Energy Bids to Get Peace of Round Three Cake (UK)

Danish state-owned giant DONG Energy is bidding to acquire developer rights under round three of the UK’s huge offshore wind programme, … (icis) [mappress] Source: icis, March 31, 2011

about 15 years ago
USA: HWCG’s System to Be Fully Operational at Water Depths of 10.000 ft by Mid 2011
Business & Finance

USA: HWCG’s System to Be Fully Operational at Water Depths of 10.000 ft by Mid 2011

The Helix Well Containment Group (HWCG) announced today it will substantially increase its subsea well containment capabilities this year by expanding its ability to control and contain a release in water depths up to 10,000 feet. HWCG is a consortium of 22 deepwater operators in the Gulf of Mexico

about 15 years ago
Havyard Builds PSV Vessel for Sartor Offshore (Norway)
Business & Finance

Havyard Builds PSV Vessel for Sartor Offshore (Norway)

Sartor Offshore has ordered a Norwegian ship design developed from Havyard Ship Technology AS to approx. 300 million. The PSV, which will be built at shipyard in Sogn, is scheduled for delivery in January 2012. “The contract is based on optimism within the industry. Currently, the vessel does not ha

about 15 years ago
Norway: Sartor Offshore Orders New Platform Supply Vessel from Havyard
Business & Finance

Norway: Sartor Offshore Orders New Platform Supply Vessel from Havyard

Sartor Offshore has ordered a Norwegian ship design developed from Havyard Ship Technology AS . The PSV, which will be built at shipyard in Sogn, is scheduled for delivery in January 2012. “The contract is based on optimism within the industry. Currently, the vessel does not have a contract, however

about 15 years ago
USA: Paxton Energy Buying Stake in Shallow Gulf of Mexico Waters
Business & Finance

USA: Paxton Energy Buying Stake in Shallow Gulf of Mexico Waters

Paxton Energy, Inc. , an energy turnaround company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, announces that on March 28, 2011, Paxton entered into a definitive agreement with Montecito Offshore, LLC (“Montecito”) of Louisiana to acquire a 70

about 15 years ago
Kongsberg Announces Presentation of Multibeam and Position Reference Systems at Ocean Business 2011 (UK)
Business & Finance

Kongsberg Announces Presentation of Multibeam and Position Reference Systems at Ocean Business 2011 (UK)

Popular Kongsberg Maritime demo boat comes to Southampton. The Kongsberg Maritime stand (N1) and specially equipped demo boat will feature a range of new and leading survey systems during the forthcoming Ocean Business technology exhibition and training forum, which takes place at the National Ocean

about 15 years ago
Norway: Noreco Cancels Sale of its Interests in Oselvar and Enoch Fields to Marubeni
Business & Finance

Norway: Noreco Cancels Sale of its Interests in Oselvar and Enoch Fields to Marubeni

Norwegian Energy Company (Noreco) has chosen to terminate the agreement to sell Noreco’s interests in the Oselvar and Enoch fields to Marubeni Corporation (Marubeni). The agreement with Marubeni was entered into in September 2010. On 3 March 2011 it was announced that the buyer had not yet fulfilled

about 15 years ago
Statoil and KazMunayGas Sign Agreement for Abay Block Development in Caspian Sea (Kazakhstan)
Business & Finance

Statoil and KazMunayGas Sign Agreement for Abay Block Development in Caspian Sea (Kazakhstan)

Statoil and KazMunayGas have signed the Heads of Agreement (HoA) on the Abay block in the Kazakhstani sector of the Caspian Sea. Under the HoA, the parties plan to conduct evaluation of the hydrocarbon potential of the “Abay” block in the Northern Caspian Sea. Statoil and KazMunayGas will jointly es

about 15 years ago
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