Dana is delighted to announce that the Medway integrated oil and gas development, operated by Dana Petroleum Netherlands, has received project sanction. First production from Medway is expected in Q4 2011. The project is initially expected to add an average of 4,100 barrels of oil equivalent per day
FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Katla development. The award has a value of approximately $75 million in revenue to FMC Technologies. Katla is a fast-track offshore oil and gas
Statoil and Nautical Petroleum have today signed an agreement whereby Statoil will acquire 20.67% of Nautical Petroleum’s interest in UK offshore licence P335 containing the Mariner field. This strengthens Statoil’s position as operator, and together with its 81.6% in Bressay gives Statoil a more al
Ellicott Dredges, founded in 1885, celebrated its 125th anniversary by taking a dinner cruise around the Port of Baltimore aboard the “turn of the century” paddlewheel riverboat “The Black-Eyed Susan.” The Port (which Ellicott’s predecessors helped create in the 1700s with the first dredge, a two ho
Fugro has been awarded a CSEM contract by Woodside, Australia’s largest publically traded hydrocarbon exploration and production company. The acquisition part of this contract, which is worth in excess of USD 2 million, will be subcontracted to Electromagnetic Geoservices ASA. The survey will take p
Vattenfall strives to increase profit and value creation, reduce debt and CO2 exposure and be among the leaders in developing environmentally sustainable energy production. This is part of the new strategic direction of the company. Vattenfall will remain an integrated European company with a divers
FMC Technologies, Inc. announced that it has signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project. The award has a value of approximately $520 million in revenue to FMC Technologies. FMC’s scope
REpower Systems GmbH starts operations on October 1, 2010. Stronger focus on the German market planned REpower Systems AG (WKN 617 703) has established an independent company named REpower Systems GmbH to serve the core markets in Germany and Austria. The company will start operations on October 1 a
REpower Systems GmbH starts operations on October 1, 2010. Stronger focus on the German market planned REpower Systems AG (WKN 617 703) has established an independent company named REpower Systems GmbH to serve the core markets in Germany and Austria. The company will start operations on October 1 a
Faroe Petroleum, the independent oil and gas group focused on oil and gas exploration in the Atlantic Margin, Norway and the North Sea, announces its unaudited Interim Results for the six months ended 30 June 2010. Highlights Operations * Significant gas and condensate discovery in the Fogelberg wel
The Thai state-controlled company at the centre of last year’s Timor Sea oil spill – one of Australia’s worst environmental disasters … (news) [mappress] Source: news, September 21, 2010
Each year the International Association of Dredging Companies (IADC) singles out a specific project or programme amongst its members as an example of excellence in safety. This year the IADC Board is happy to announce that the 2010 Safety Award has been presented to Royal Boskalis Westminster NV. As
Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee
IDRECO has delivered last week in corporation with the Polish company LZG Leczyca a new Dredger to KGHM Polska Miedz in Lubin, Poland. KGHM is Poland’s biggest copper producer and is using the IDRECO Dredger to dredge sand for her Coppermine’s. Idreco delivered an ISD 300e Dredger with a working cap
