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Business & Finance

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X-BOW FIVE YEARS; Overwhelming Response from Users
Business & Finance

X-BOW FIVE YEARS; Overwhelming Response from Users

Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.

about 15 years ago
UK: EnerMech Acquires Aberdeen Valve Supplies Ltd
Business & Finance

UK: EnerMech Acquires Aberdeen Valve Supplies Ltd

Mechanical engineering group EnerMech has acquired Aberdeen Valve Supplies Ltd (AVS) in a deal believed to be worth around £1.5 million. AVS and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd supply valves, valve controls and associated equipment and services to the oil, gas and petroc

about 15 years ago
Statoil Awards Kristin LPP Modification Contract Worth $150 M to Aker Solutions
Business & Finance

Statoil Awards Kristin LPP Modification Contract Worth $150 M to Aker Solutions

Statoil has given Aker Solutions the assignment to build and install a compressor module on the Kristin platform in the Norwegian Sea. The module will help to improve recovery from the Kristin and Tyrihans fields. The engineering, procurement, construction and installation (EPCI) contract is for top

about 15 years ago
Mayors Not Sold on Offshore Wind Turbines (Canada)
Business & Finance

Mayors Not Sold on Offshore Wind Turbines (Canada)

The mayors of the three Lambton County municipalities bordering Lake Huron are cool to the idea of erecting offshore wind turbines. Mike Bradley of Sarnia, Lonny Napper of Plympton-Wyoming and Bill Weber of Lambton Shores responded with caution to a recent Conference Board of Canada report on offsho

about 15 years ago
Mozambique: Belford Dolphin Drillship Arrives at Tubarao Well Site
Business & Finance

Mozambique: Belford Dolphin Drillship Arrives at Tubarao Well Site

Cove Energy plc , the East African oil and gas exploration company, announces that the Belford Dolphin drillship has arrived on location at the Tubarao well site. This follows cessation of operations on the Lagosta gas discovery which has been suspended to allow for future flow testing. As announced

about 15 years ago
Australia: CEO of Clough Limited to Step Down in August 2011
Business & Finance

Australia: CEO of Clough Limited to Step Down in August 2011

The Chairman of Clough Limited, Mr Keith Spence(Top row; 1st right to left), announced today that Chief Executive Officer, Mr John Smith, has advised the Board that he will be retiring from Clough around the fourth anniversary of his tenure, in August 2011. Clough has commenced an internal and exter

about 15 years ago
Xcite Energy Limited: Well Flow Test at Bentley Field Exceeds Expectations (UK)
Business & Finance

Xcite Energy Limited: Well Flow Test at Bentley Field Exceeds Expectations (UK)

Xcite Energy Limited announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations. Key

about 15 years ago
USA: Vantage Drilling Announces Updates for Sapphire Driller and Platinum Explorer
Business & Finance

USA: Vantage Drilling Announces Updates for Sapphire Driller and Platinum Explorer

Vantage Drilling Company announced that its customer for the Sapphire Driller has advised Vantage that it believes the current political disruptions in Côte d’Ivoire constitute a force majeure event under the drilling contract. The Sapphire Driller has just completed its work offshore Gabon and was

about 15 years ago
Singapore: Keppel to Build US$180 Million KFELS B Class Jackup for Jasper
Business & Finance

Singapore: Keppel to Build US$180 Million KFELS B Class Jackup for Jasper

Keppel FELS Limited (Keppel FELS) has secured an order for a KFELS B Class jackup rig worth about US$180 million from Jasper Investments Limited (Jasper), with an option for another similar unit. The rig is slated for delivery in 2H 2012. If exercised, the option for the additional rig will bring th

about 15 years ago
Norway: Aker Solutions Bags Ekofisk Topside Early Engineering and Procurement Contract
Business & Finance

Norway: Aker Solutions Bags Ekofisk Topside Early Engineering and Procurement Contract

ConocoPhillips has conditionally awarded a contract for engineering, procurement and construction (EPC) of the topside module for the Ekofisk 2/4 Z platform to Aker Solutions. The contract award is subject to project approval by the PL018 license group, and Norwegian authorities’ approval of the pla

about 15 years ago
USA: FMC Technologies Signs Enterprise Framework Agreement With Shell
Business & Finance

USA: FMC Technologies Signs Enterprise Framework Agreement With Shell

FMC Technologies, Inc. announced today that it has signed a five-year Enterprise Framework Agreement (EFA) with Shell with an option to extend the agreement for an additional five years. This agreement facilitates to international projects the same mutual benefits that Shell and FMC have enjoyed thr

about 15 years ago
MEO Australia Continues with Abandonment Ops on Artemis-1 Well
Business & Finance

MEO Australia Continues with Abandonment Ops on Artemis-1 Well

MEO Australia Limited advises that since the last progress report, final logs were acquired and abandonment operations commenced. The proximity of a Tropical Low, with the potential to develop into a cyclone, necessitated the de-manning of all personnel from the Songa Venus rig starting on Tuesday 1

about 15 years ago
Meo Australia Gets Approval to Acquire 100% Interest in AC/P50 & AC/P51 from Silver Wave
Business & Finance

Meo Australia Gets Approval to Acquire 100% Interest in AC/P50 & AC/P51 from Silver Wave

MEO Australia Limited has been advised today that the Delegate of the Designated Authority for the Territory of Ashmore and Cartier Islands offshore area has approved the acquisition by MEO of a 100% interest in AC/P50 & AC/P51 from Silver Wave Energy Pte Ltd (“Silver Wave”) and has duly registered

about 15 years ago
Bruce Stevenson Appointed to Work With Ofgem (UK)
Business & Finance

Bruce Stevenson Appointed to Work With Ofgem (UK)

Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation. BSRM has been selected, along with Grant Thornton, to advise on the tender process appointing Offshore Transmission Owners. The

about 15 years ago
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