Rolls-Royce, the global power systems company, today announced that it has won a £15 million order, to provide the design, integrated power and propulsion systems and deck equipment for two offshore service vessels for ship owner Island Offshore. The contract includes an option for an additional fou
Seadrill, a Norwegian-Bermudan offshore drilling company with operations around the globe is thinking of expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could include a joint investment with SapuraCrest Petro
Norway’s energy giant, Statoil, yesterday announced plans for development of Luva Field located in Production Licence 218 (PL 218). The field is situated approximately 140 km north of Norne and some 300 km West of Bodø and lies in 1,300 metres of water. Statoil and its partners Exxon Mobil and Conoc
Valiant Petroleum plc announces that its full year production for 2011 is projected at around 7,500 barrels of oil per day (“bopd”), in line with guidance maintained throughout the year. The Dons Area work programme for 2012 is currently being finalised with the operator and includes a new productio
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, reported today that its Exploration well 14/15-4 penetrated multiple reservoir targets: Beverley, Casper South, Casper and Sea Lion Main Complex and was drilled on Rockhopper operated licence PL004b. The Company earned
The Board of Appeal of the European Patent Office in Munich has today found that EMGS’ patent for the use of CSEM for the direct detection of hydrocarbons in submarine reservoirs is valid. The patent (EP 1256019) was the subject of an Opposition in the European Patent Office, but has successfully ov
The Norwegian Petroleum Directorate announces that preliminary production figures for November 2011 indicate an average daily production of about 2 057 000 barrels of oil, NGL and condensate. This is an increase of 18 000 barrels compared to October. Gas production was about 9.7 billion Sm3, which i
Polarcus Limited, a company specializing in high-end towed streamer data acquisition, has been contracted by an undisclosed client for a 3D seismic acquisition project offshore North West Africa. The project will commence mid-December and is expected to run for approximately 25 days. This is a third
Upon request from the Ministry of Petroleum and Energy, the Norwegian Petroleum Directorate has prepared an atlas for CO2 storage in the Norwegian part of the North Sea. The atlas provides an overview over areas where CO2 can be stored safely in the subsurface for a long time. It also estimates the
China Oilfield Services Limited announced its newly purchased high-power Tug/Supply utility vessel “HYSY683” was successfully delivered to Tang Gu from Singapore recently. Purchased from Singapore, HYSY683 has an overall length of 73.6 meters, an overall width of 16.4 meters, an overall depth of 8 m
At 8 & 9 December 2011, the Business Offshore Conference took place in Hamburg. Organized by Schiff&Hafen I Ship&Offshore, the first edition of the conference welcomed 140 delegates at the Hotel Hafen. The group of delegates consisted of German offshore professionals as well as delegates coming from
United Faith Group announced that on December 6th, 2011, the new-building contract of two 50,000 DWT Semi-Submersible Multi-purpose Vessels went into effect. Both of the vessels are scheduled to be delivered by the end of 2013. The contract was signed earlier this year on July 01st between United Fa
Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has chartered two units of 40 meters Anchor Handling Tugs (AHT), “SWORDFISH 4” and “Swordfish 5” to Go Marine Group Pty Ltd
