The Chinese company Sinochem Group and Statoil signed today in Oslo a Memorandum of Understanding (MoU) that will foster cooperation and long term experience sharing between the two companies. The MoU follows the Peregrino-transaction where Sinochem bought a 40% share in the oil field offshore Brazi
Subsea 7 Inc, one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by BP Exploration Operating Company Ltd. for the Andrew Area Development Project in the UK sect
Spring Energy has agreed to sell its 10 % working interest in the PL 341 license to GDF SUEZ E&P Norge AS. Drilling of the Stirby exploration well in PL 341 is expected to start within early to mid July this year with the Songa Delta drilling rig. The sale is an integrated part of […]
The Petrobras Board of Directors has resolved to charter four of Siem Offshore’s AHTS vessels for a firm period of four years. Petrobras has an option to extend the charters for four additional years, upon terms to be mutually agreed. The contract value for the firm period is approximately USD 285 m
Today, the outgoing Economic Affairs Minister Van der Hoeven granted funding of €19.5 million for the Far and Large Offshore Wind (FLOW) innovation project. The subsidy matches the same level of funding previously announced by the companies in the FLOW consortium. The budget will be spent on the fir
Fugro N.V., the Netherlands, and Tebma Shipyards Limited, India, have signed a ship building contract for new Geotechnical Research Vessels. The vessels are DP2, approximately 82.9 meters long, 19.8 meters wide and have a dead weight of approximately 2500 tons. The contract is for two firm orders pl
The environmental disasters this spring seem to know no end. Most recently, the United States is facing the largest oceanic catastrophe ever, as BP’s Deepwater Horizon continues to discharge thousands of gallons of oil into pristine waters of the Gulf of Mexico, threatening to suffocate marine life
This is the latest in the IADC series of concise, easy-to-read “management summaries”, which give overviews of essential information on specific dredging and maritime construction subjects. Facts About Environmental Monitoring explains why monitoring is necessary before, during and after most mariti
A Norwegian company that originally proposed wind farms to four West Michigan counties encountered a setback: the Mason County board… [mappress] Source:woodtv , June 10, 2010;
Bengal moved aggressively in fiscal 2010 to establish a platform for significant international growth. Within the past two years, the Company has now increased its undeveloped land position by 250% to 2.3 million net acres, 87% of which is operated by Bengal. Recent highlights: – Through rigorous ge
Arlington, Texas – Trent Lewis with Pond Medics, Inc. completed a bathymetric survey in conjunction with a golf course management company… [mappress] Source: themappingnetwork, June 10, 2010;
Vroon Offshore Services (VOS) have taken delivery of a new addition to their offshore fleet. The VOS Hyperion, an anchor handling tug supply vessel built at the Fujian Shipyard in China, was delivered today, 9 June 2010, in China. The vessel is expected to leave the yard for Singapore on 14 June. Th
Team Developing 5 MW Wind Turbine for Rapidly Growing Global Offshore Market, HHI to Begin 5 MW Wind Turbine Production for the Offshore Market in 2011 DEVENS, Mass., U.S. and ULSAN, South Korea – June 9, 2010 – American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company,
Noreco’s oil and gas production in May 2010 was 13,500 barrels of oil equivalents (boe) per day. Net realized oil price was USD 71 per boe after adjustments for oil put options, inventory and NGL and gas prices. Production from the four fields in the Siri area was 17,400 boe/day in total (6,500 boe/
