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Business & Finance

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Nord Stream Project: World’s Biggest Submarine Pipeline Plough Arrives in the Baltic Sea
Business & Finance

Nord Stream Project: World’s Biggest Submarine Pipeline Plough Arrives in the Baltic Sea

Today, the world’s biggest submarine pipeline plough, PL3, arrived in the Baltic Sea on the deck of mother ship Far Samson. The subsea plough will be used to entrench the Nord Stream Pipeline in Swedish and Danish waters. Lowering of the pipeline below seabed level using PL3 ensures that the pipelin

about 15 years ago
UK: Encore Oil Announces Catcher North Oil & Gas Discovery
Business & Finance

UK: Encore Oil Announces Catcher North Oil & Gas Discovery

EnCore Oil plc announced that the Catcher North appraisal well 28/9-3 located in UK Central North Sea block 28/9 was drilled to a Total Depth of 5,265 feet Measured Depth (M.D.) having successfully encountered hydrocarbons in both the Tay and Cromarty Sandstone intervals. Pressure data suggests that

about 15 years ago
Statoil Reports Small Oil Discovery Near Sleipner Offshore Field (Norway)
Business & Finance

Statoil Reports Small Oil Discovery Near Sleipner Offshore Field (Norway)

Statoil Petroleum AS, operator of production licence 303, has completed the drilling of wildcat well 15/6-12, located about 12 kilometres north of Sleipner Vest in the central part of the North Sea. The purpose of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Hugin formatio

about 15 years ago
Repsol: Best European Energy Company for Leadership (Spain)
Business & Finance

Repsol: Best European Energy Company for Leadership (Spain)

Repsol has been chosen as Best European Energy Company for Leadership according to a study carried out by the International consulting firm Hay Group. This study, entitled Europe’s Best Companies for Leadership, evaluates the best companies on the continent in terms of the quality of their executive

about 15 years ago
DEME and MEDCO to Build Two Artificial Energy Islands for SARB Oil Field in UAE
Business & Finance

DEME and MEDCO to Build Two Artificial Energy Islands for SARB Oil Field in UAE

Dredging International and MEDCO, have been awarded a contract for mixed dredging and civil engineering works to construct two artificial energy islands, including their service harbours, aimed to provide Abu Dhabi with energy based on facilities for oil drilling, etc. from the previously untapped o

about 15 years ago
USA: 2H Offshore Awarded Big Foot Riser Systems Contract by Chevron
Business & Finance

USA: 2H Offshore Awarded Big Foot Riser Systems Contract by Chevron

2H Offshore, an Acteon company, has been awarded a contract by Chevron USA Inc. for the detailed design and delivery management of the riser systems for its Big Foot field development. The Big Foot field is owned by Chevron USA Inc. (operator) and other working interest owners, including but not lim

about 15 years ago
9.3 GW of Wind Power Installed in EU in 2010
Business & Finance

9.3 GW of Wind Power Installed in EU in 2010

A staggering 9.3 GW of new wind power capacity was installed in the European Union during 2010, reaching a total of 84 GW by the end of 2010… (lowcarboneconomy) [mappress] Source: lowcarboneconomy, February 07, 2011

about 15 years ago
Ulstein Design & Solutions Sign LoI with DNV Poland
Business & Finance

Ulstein Design & Solutions Sign LoI with DNV Poland

At a ceremony Ulstein Poland’s new, co-located offices in Gdynia, Ulstein Design & Solutions and DNV Poland signed a Letter of Intent signaling the start of a closer working relationship between the two companies. Both parties will benefit from the sharing of knowledge and practices which will help

about 15 years ago
Expro Wins $8 million Well Testing Contract in the Netherlands
Business & Finance

Expro Wins $8 million Well Testing Contract in the Netherlands

International oilfield services company Expro announces today it has been awarded a well testing contract in The Netherlands worth around $8million. Total E&P Nederland B.V. has awarded Expro a three-year well testing contract for operations in the Dutch sector of the North Sea. The contract has two

about 15 years ago
IHC to Promote its Engineering Solutions at Subsea 11, Aberdeen
Business & Finance

IHC to Promote its Engineering Solutions at Subsea 11, Aberdeen

IHC Engineering Business (IHC EB), a part of IHC Merwede, will be showcasing a range of their bespoke engineering solutions at the forthcoming SUBSEA 11, on 9-10 February 2011, Aberdeen at stand number B14. The ambitious engineering company designs, builds and supports offshore equipment, including

about 15 years ago
Bowleven Confirms Presence of Hydrocarbons at Sapele-1 Well, Offshore Cameroon
Business & Finance

Bowleven Confirms Presence of Hydrocarbons at Sapele-1 Well, Offshore Cameroon

Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has been drilled to a total depth (TD) of 4,733 metres. Drilling was halted due to technical limitations after encountering a hi

about 15 years ago
AMEC to Acquire Australian Engineering Consultancy Zektingroup
Business & Finance

AMEC to Acquire Australian Engineering Consultancy Zektingroup

AMEC, the international engineering and project management company, announces today that it has entered into an agreement to acquire Zektingroup (Zektin), an Australian-based specialist engineering consultancy for the oil and gas and resources industries, from its owner-managers. Closing is anticipa

about 15 years ago
UAE: MIS Group Posts Strong Q4 2010 Results
Business & Finance

UAE: MIS Group Posts Strong Q4 2010 Results

MIS reports record profits, margin improvements at every level and net income of $35.7 million versus $29.0 million in 2009. MIS Co. Ltd. Inc reports a further quarter of robust operating profits, with results for the 4th Quarter 2010, operating and financial highlights of which are as follows: * Re

about 15 years ago
Lloyd Werft Close to Sealing Cable-Laying Vessel Order From Bremen’s Beluga Shipping (Germany)
Business & Finance

Lloyd Werft Close to Sealing Cable-Laying Vessel Order From Bremen’s Beluga Shipping (Germany)

IHS Fairplay reports that Lloyd Werft is reportedly close to sealing an order for a cable-laying vessel from Bremen’s Beluga Shipping. The vessel, with a length of 110m and breadth of 28m, is to be delivered in mid-2012 for deployment on a North Sea offshore windfarm, the German daily newspaper NWZ

about 15 years ago
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