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Business & Finance

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Norway: Gullfaks A Lifting Incident under Investigation
Business & Finance

Norway: Gullfaks A Lifting Incident under Investigation

The Petroleum Safety Authority Norway (PSA) has initiated an investigation following an incident in connection with a lifting operation on the Gullfaks A facility on 28 February 2011. One person was injured when he was crushed between two containers in connection with a lifting operation on the Gull

about 15 years ago
Infinera Selected by MedNautilus for Mediterranean Subsea Network
Business & Finance

Infinera Selected by MedNautilus for Mediterranean Subsea Network

Infinera has been selected by MedNautilus to upgrade its subsea network for the speed of deployment and scalability of the Infinera submarine solution. MedNautilus, the Mediterranean operations of the Telecom Italia Sparkle Group and the first and only protected submarine ring-configured backbone in

about 15 years ago
Rex Oil & Gas, Petroci Holding to Explore for Hydrocarbons in Offshore Block 50 (Oman)
Business & Finance

Rex Oil & Gas, Petroci Holding to Explore for Hydrocarbons in Offshore Block 50 (Oman)

The partnership of Rex Oil & Gas Limited, an international oil company, and Petroci Holding, the national oil company of Cote d’lvoire, … [mappress] Source:Zawya, March 1, 2011;

about 15 years ago
First Minister Alex Salmond to Talk at 2011 Scottish European Green Energy Centre Conference
Business & Finance

First Minister Alex Salmond to Talk at 2011 Scottish European Green Energy Centre Conference

In association with the European Commission, the 2011 Scottish European Green Energy Centre Conference will open in Edinburgh tomorrow with a keynote address by First Minister, Alex Salmond MSP, followed by leading experts and practitioners from E3G, Grant Thornton, Aquamarine Power, SSE, National G

about 15 years ago
Aker Solutions Completes Sale of Aker Marine Contractors to Ezra Holdings (Singapore)
Business & Finance

Aker Solutions Completes Sale of Aker Marine Contractors to Ezra Holdings (Singapore)

Aker Solutions confirms the transaction details given in the announcement on 22 October 2010. In the transaction, AMC is valued at USD 250 million. Ezra has settled the transaction by paying Aker Solutions USD 50 million in cash, USD 100 million in shares in Ezra Holdings Ltd, and USD 50 million in

about 15 years ago
China: COSCO Near Completion of Hull Column Construction of Octabuoy FDPSO
Business & Finance

China: COSCO Near Completion of Hull Column Construction of Octabuoy FDPSO

The hull column construction of Octabuoy, being built for American ATP OIL & GAS, is nearly complete in the COSCO Qidong Offshore Base. Octabuoy, the octagonal semi-submersible drilling unit, is an FDPSO semi-submersible drilling production storage platform. Its structural weight is about 23,114 ton

about 15 years ago
Ezra Wins EPIC Subsea Contract Worth USD 41M From Statoil
Business & Finance

Ezra Wins EPIC Subsea Contract Worth USD 41M From Statoil

The EPIC project with Statoil, an internationally renowned energy company, is worth approximately US$41 million and will involve EMAS AMC supplying and installing 55km of power cables along with associated terminations and ancillaries for the Gudrun field in the North Sea. State-of-the-art multipurp

about 15 years ago
Norway: Emas AMC Clinches USD 41 million Subsea Contract from Statoil
Business & Finance

Norway: Emas AMC Clinches USD 41 million Subsea Contract from Statoil

EMAS AMC has won yet another major contract, from one of the world’s premier energy companies, Statoil. The EPIC project with Statoil, an internationally renowned energy company, is worth approximately US$41 million and will involve EMAS AMC supplying and installing 55km of power cables along with a

about 15 years ago
Kencana Wins EPCC Contract from Petrofac for Sepat Early Production System Offshore Malaysia
Business & Finance

Kencana Wins EPCC Contract from Petrofac for Sepat Early Production System Offshore Malaysia

The Board of Directors of Kencana Petroleum Berhad (“Kencana Petroleum” or “the Company”) is pleased to announce that its wholly owned subsidiary, Kencana HL Sdn. Bhd. (“KHL”) has secured a contract from Petrofac E & C Sdn. Bhd. (“Petrofac”) for the Mobile Offshore Production Unit (“MOPU”) and Wellh

about 15 years ago
YSI Demonstrates Cost Saving Technology at Ocean Business 2011 (UK)
Business & Finance

YSI Demonstrates Cost Saving Technology at Ocean Business 2011 (UK)

YSI, along with two of its divisions—SonTek/YSI and YSI Integrated Systems—will be demonstrating three systems which can deliver cost-saving solutions for oceanographic data collection at the Ocean Business Exhibition. On Tuesday, April 5, YSI will demonstrate a new, simple, fast and accurate CTD, t

about 15 years ago
Trico Marine Announces Auction to Sell Towing and Supply Vessels (USA)
Business & Finance

Trico Marine Announces Auction to Sell Towing and Supply Vessels (USA)

Trico Marine Services, Inc.announced that it intends to conduct an auction to sell certain additional Towing and Supply vessels, in continuation of the Company’s exit from the Towing and Supply business. The United States Bankruptcy Court for the District of Delaware recently issued an Order approvi

about 15 years ago
Aker Solutions Completes USD 250 million Sale of Aker Marine Contractors to Ezra (Singapore)
Business & Finance

Aker Solutions Completes USD 250 million Sale of Aker Marine Contractors to Ezra (Singapore)

Aker Solutions has completed the transfer of ownership of subsidiary Aker Marine Contractors (AMC) to Singapore listed Ezra Holdings Ltd. Aker Solutions confirms the transaction details given in the announcement on 22 October 2010. In the transaction, AMC is valued at USD 250 million. Ezra has settl

about 15 years ago
USA: Trico Marine Exiting Towing and Supply Business. Puts Vessels Up for Auction
Business & Finance

USA: Trico Marine Exiting Towing and Supply Business. Puts Vessels Up for Auction

Trico Marine Services, Inc. today announced that it intends to conduct an auction to sell certain additional Towing and Supply vessels, in continuation of the Company’s exit from the Towing and Supply business. The United States Bankruptcy Court for the District of Delaware (the “Court”) recently is

about 15 years ago
Statoil, ExxonMobil Team Up to Explore 3 Licences Offshore Faroe Islands
Business & Finance

Statoil, ExxonMobil Team Up to Explore 3 Licences Offshore Faroe Islands

Statoil and ExxonMobil have agreed to explore three Faroese offshore licenses jointly. ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% interest. Statoil F

about 15 years ago
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