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Business & Finance

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Wortel Project in Indonesia Approved for Development
Business & Finance

Wortel Project in Indonesia Approved for Development

Santos today announced the final investment decision approving development of the Wortel gas project, located offshore Madura Island in the Sampang PSC, East Java, Indonesia. Wortel is the next project in Santos’ East Java near-field development strategy and adds to the company’s existing producing

about 15 years ago
Denmark: DONG Energy Invests in Further Development of South Arne field
Business & Finance

Denmark: DONG Energy Invests in Further Development of South Arne field

DONG Energy has decided – together with the operator Hess and the licence partners – to develop the Danish North Sea field South Arne. DONG Energy’s share of the investment amounts to about DKK 2.5 billion (USD 445 Million). The development’s expected commercial reserves is about 15 million barrels

about 15 years ago
ABB Wins $125 Million Offshore Wind Connection Order in Belgium
Business & Finance

ABB Wins $125 Million Offshore Wind Connection Order in Belgium

ABB, the leading power and automation technology group, has won an order worth $125 million from the Belgian company C-Power NV to link a wind farm 30 kilometers off the coast of Belgium to the mainland grid. The transmission link is part of an expansion of the Thornton Bank wind farm. In the first

about 15 years ago
UK: Shell Service and Maintenance Contract for Hydratight
Business & Finance

UK: Shell Service and Maintenance Contract for Hydratight

Hydratight’s expertise has won the company a four-year service and maintenance contract for three of Shell’s major North Sea facilities. Hydratight will handle maintenance and shutdown operations at Shell’s St Fergus gas plant at Peterhead in Aberdeenshire, the Mossmorran fractionation plant on the

about 15 years ago
Cameroon: Bowleven Identifies Additional Hydrocarbon Pay at Sapele-1 Well
Business & Finance

Cameroon: Bowleven Identifies Additional Hydrocarbon Pay at Sapele-1 Well

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 encountered further log evaluated pay in the Miocene reservoir objective. This pay is in addition to that encountered at the

about 15 years ago
Canada: C-NLOPB Issues Statement on H2S Issue on the Searose FPSO
Business & Finance

Canada: C-NLOPB Issues Statement on H2S Issue on the Searose FPSO

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) was notified on Friday, November 19th by officials at Husky Energy that the company was managing elevated levels of H2S (Sour Gas) in two of the storage tanks on board the SeaRose FPSO. H2S levels were elevated in the tanks due

about 15 years ago
Norway: Statoil Awards North Sea Contract Worth Up to $244 Million to Bergen Group
Business & Finance

Norway: Statoil Awards North Sea Contract Worth Up to $244 Million to Bergen Group

Statoil has awarded Bergen Group Rosenberg a contract for building and installing a compressor module on the Kvitebjørn platform in the North Sea. This will contribute to improving the recovery rate and accelerating production at the Kvitebjørn field by allowing for production with reduced wellhead

about 15 years ago
Breagh Development: RWE Dea Awards Pipelay Contract to Allseas (UK)
Business & Finance

Breagh Development: RWE Dea Awards Pipelay Contract to Allseas (UK)

RWE Dea UK announced today that the contract for the engineering, installation and pre-commissioning of the offshore pipeline, and associated fibre optic cable, for the Breagh Development has been awarded to Allseas Construction Contractors SA (“Allseas”). Allseas will perform the required detailed

about 15 years ago
EUR 1,289 M Investment Financing for the Construction and Operation of a 325 MW Offshore Wind Farm (Belgium)
Business & Finance

EUR 1,289 M Investment Financing for the Construction and Operation of a 325 MW Offshore Wind Farm (Belgium)

C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (located about 30 km in the North Sea off the Belgian coast). A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, De

about 15 years ago
CHEC Was Awarded the First Project in South Africa
Business & Finance

CHEC Was Awarded the First Project in South Africa

CHEC office in South Africa received a letter of acceptance from TRANSNET and was awarded Ngqura Port dredging project , on Nov. 23. The value of the contract is ZAR 135,583,690.68 (approximately equivalent to USD 19.2 million). The project has been the first project which CHEC has successfully bid

about 15 years ago
FoundOcean Reorganises its UK Offshore Service Base Operations
Business & Finance

FoundOcean Reorganises its UK Offshore Service Base Operations

FoundOcean, the subsea and offshore grouting specialist for the global energy construction industries, is undergoing a major reorganisation at its UK Offshore Service Base in Livingston as it says farewell to one of the longest serving members of the company, Peter Lauder, as he retires after 27 yea

about 15 years ago
Norway: Statoil Hands Over Gjoa Development Operatorship to GDF SUEZ E&P Norge AS
Business & Finance

Norway: Statoil Hands Over Gjoa Development Operatorship to GDF SUEZ E&P Norge AS

The operatorship of the Gjøa development in the Norwegian North Sea is being handed over by Statoil today, 25 November, to production operator GDF SUEZ E&P Norge AS. With the ending of this big industrial project, the group is beginning a new phase together with GDF SUEZ of further important product

about 15 years ago
The Netherlands: T.O.S. Welcomes Branch Managers from Abroad
Business & Finance

The Netherlands: T.O.S. Welcomes Branch Managers from Abroad

This week T.O.S. invited all the branch managers at its head office in Rotterdam. Like every year all branch managers gather to review the past year and make plans for the year to come. The meeting was opened with a special cake to welcome Marcelo Cintra. He is the new branch manager of our joint [&

about 15 years ago
Singapore: Keppel Wins US$180 mil KFELS B Class Jackup Rig Contract from Standard Drilling
Business & Finance

Singapore: Keppel Wins US$180 mil KFELS B Class Jackup Rig Contract from Standard Drilling

Keppel FELS Limited (Keppel FELS) has secured an order for a KFELS B Class jackup rig worth US$180 million from Standard Drilling Ltd (Standard Drilling), a subsidiary of Norwegian investment company, Ferncliff TIH AS Group (Ferncliff). As part of the agreement, Standard Drilling has been given opti

about 15 years ago
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