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Business & Finance

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SPD Completes Multi-Well, Multi-Customer Management Program in UK North Sea
Business & Finance

SPD Completes Multi-Well, Multi-Customer Management Program in UK North Sea

SPD, part of Petrofac Production Solutions, has successfully completed a four-well £73 million programme in the UK Continental Shelf (UKCS) Northern and Central North Sea utilising Diamond Offshore’s semi-submersible rig, the Ocean Nomad (photo). The sequence consisted of an exploration well, sidetr

about 15 years ago
Nigeria: Afren*s Kidnapped Offshore Oil Workers Set Free
Business & Finance

Nigeria: Afren*s Kidnapped Offshore Oil Workers Set Free

A military raid freed 19 hostages being held in the oil-rich southern delta of Nigeria last night, a negotiator said, striking a blow to … Source: Guardian.co.uk [mappress] Source: Guardian, November 18, 2010;

about 15 years ago
Baker Hughes Opens New Facility in Australia
Business & Finance

Baker Hughes Opens New Facility in Australia

Baker Hughes Announced that it has opened a new facility in Welshpool, Australia, to meet growing demand and increased oilfield activity in Australia. Three of the company’s service lines–pumping services, tubular services, and process and pipeline services–are now housed in the new 340,000-square-f

about 15 years ago
IHC Merwede’s Trailing Suction Hopper Dredger Vox Maxima is Awarded KNVTS Ship of the Year
Business & Finance

IHC Merwede’s Trailing Suction Hopper Dredger Vox Maxima is Awarded KNVTS Ship of the Year

IHC Merwede’s trailing suction hopper dredger, Vox Máxima, has been awarded Ship of the Year at the fifth annual Maritime Awards Gala. This award is presented to the manufacturer of a vessel which is designed, built and completed in The Netherlands, and which distinguishes itself in the areas of inn

about 15 years ago
Titanium Resources Group: Directorate Change
Business & Finance

Titanium Resources Group: Directorate Change

Titanium Resources Group announces that Mr. Raju Jaddoo will step down as a Non-Executive Director from the Board of TRG on 1 December 2010 to devote more time to his other business interests. Commenting on the resignation, Wayne Malouf, Executive Chairman of TRG, said: “The Board would like to than

about 15 years ago
Buccaneer Energy Limited Jack-Up Rig Acquisition Funding In Cook Inlet Alaska
Business & Finance

Buccaneer Energy Limited Jack-Up Rig Acquisition Funding In Cook Inlet Alaska

Buccaneer Energy Limited announced that it has incorporated a wholly owned subsidiary Buccaneer Alaska Drilling, LLC (“Buccaneer Drilling”). Subsequently, Buccaneer Drilling incorporated a wholly owned subsidiary Kenai Offshore Ventures, LLC (“Kenai Offshore”). It is the intention that Buccaneer Dri

about 15 years ago
IHC Hytop Riser pull-in Package is Launched on Board MODEC FPSO
Business & Finance

IHC Hytop Riser pull-in Package is Launched on Board MODEC FPSO

IHC Hytop, part of IHC Merwede, has announced that its riser pull-in package has successfully pulled in the first three risers on a MODEC FPSO (Floating Production Storage and Offloading) vessel. The FPSO vessel is currently deployed off the coast of Brazil by MODEC and operated by the contractor on

about 15 years ago
Norway: Statoil to Develop Smorbukk North-East
Business & Finance

Norway: Statoil to Develop Smorbukk North-East

The partners in the Norwegian Sea Åsgard licence have made an investment decision to develop the Smørbukk North-East field as a satellite to the Åsgard B platform(photo). Production is expected to start in December 2011. Recoverable reserves of oil, gas and condensate on Smørbukk North-East are esti

about 15 years ago
Schlumberger Opens Brazil Research and Geoengineering Center
Business & Finance

Schlumberger Opens Brazil Research and Geoengineering Center

Schlumberger yesterday inaugurated a new research and geoengineering center in Rio de Janeiro, Brazil. The Brazil Research and Geoengineering Center is designed to promote the integration of geosciences and engineering to improve hydrocarbon production and recovery from the complex deepwater reservo

about 15 years ago
UK: EnQuest on Track to Deliver 2010 Production Target of 20,000 boepd
Business & Finance

UK: EnQuest on Track to Deliver 2010 Production Target of 20,000 boepd

EnQuest, an independent oil & gas production and development company focused on the UK Continental Shelf, Announces Interim Management Statement HIGHLIGHTS * Affirming full year production guidance of 20,000 boepd * First well in Thistle in 20 years drilled and on production * Completed acquisition

about 15 years ago
UK: Huntington Field Development Plan Approved by DECC
Business & Finance

UK: Huntington Field Development Plan Approved by DECC

Norwegian Energy Company ASA (Noreco)announced that the Field Development Plan for the Huntington field has been approved by the Department for Energy and Climate Change (DECC). Huntington will be developed using the FPSO Sevan Voyageur, and as previously announced the leasing contract for this unit

about 15 years ago
Norway: Farstad Signs Contract for Building of 4 Platform Supply Vessels
Business & Finance

Norway: Farstad Signs Contract for Building of 4 Platform Supply Vessels

Farstad Shipping ASA has, through its wholly owned subsidiaries in Singapore, Scotland and Norway reached an agreement with STX OSV to build 4 platform supply vessels (PSV). There is an option for building of additional 3 vessels. The newbuilds are part of Farstad’s fleet renewal and represent an in

about 15 years ago
Australia: Songa Venus Rig to Arrive to Artemis-1 Next Week
Business & Finance

Australia: Songa Venus Rig to Arrive to Artemis-1 Next Week

MEO Australia Limited advises that as at 06:00 hours (Perth time) on Wednesday 17th November, the Songa Venus semi-submersible drilling rig had been towed a distance of 181.7 nautical miles or 28.1% of the 646.7 nautical mile journey to the Artemis-1 location. Assuming the average speed achieved on

about 15 years ago
Russia: CB&I Awarded FEED Contract for Shtokman LNG Export Terminal Project
Business & Finance

Russia: CB&I Awarded FEED Contract for Shtokman LNG Export Terminal Project

CB&I announced that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Fie

about 15 years ago
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