A&P TYNE is building on its success in a new business sector with the completion of yet another subsea structure for an offshore oil and gas field. The Mid Water Arch – used to support control cables as they rise from the seabed to the surface – left the ship repair and fabrication yard at […
Norwegian Energy Company ASA (Noreco) has entered an agreement to sell its interests in the South Arne oil field in Denmark to Hess Denmark ApS for a consideration of USD 200 million. Noreco expects to record a profit of approximately USD 50 million after tax from the transaction. “An important part
Bumi Armada Berhad’s joint venture company, Forbes Bumi Armada Offshore Limited (FBAOL), signed a seven year fixed term time charter (TC) with Oil and Natural Gas Corporation Limited (ONCC) for the provision of a Floating, Production, Storage and Off- loading vessel (FPSO) which will be located in t
Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a rate of USD 69,
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10, 2011. The rig is contracted for three years to a wholly owned Chevron subsidiary. The Pacific Bora is capable of operating in water depths of up
Polarcus Limited announced that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of Polarcus Selma, the sixth 3D seismic vessel to date to join the Polarcus fleet. Polarcus Selma is the sister ship to Polarcus Samur, delivered to the Polarcus Group in March 2011. T
Det norske oljeselskap ASA (Det norske) has received consent to carry out exploration drilling in the North Sea with the Mærsk Guardian mobile facility. The consent relates to the drilling of exploration well 3/4-2S which belongs to production licence 356, with Det norske as the operator (60%). Reso
Marlink, the largest provider of maritime satellite communications, has recently extended its contract with offshore vessel operator Simon Møkster Shipping AS for a further 5 years. As part of the latest agreement, Marlink will continue the provision of its Sealink™ VSAT services aboard 18 existing
After winning a five year contract with Shell in Brunei, Singapore based Kreuz Subsea has added a Saab Seaeye Cougar XT to its ROV fleet. ”We needed a trusted brand,” says operations manager, Robert Black, ”and the Cougar XT has an outstanding power to weight ratio that nothing can touch.” He also r
A group of minority shareholders in BP PLC’s Russian joint venture TNK-BP said Wednesday they would claim 87 billion rubles … Source: Fox Business [mappress] Source: Fox Business, August 10, 2011;
China Offshore Oil Engineering Corporation (COOEC) signed a contract with SpecTec Asia Pacific East Ltd, SpecTec Group Hong Kong subsidiary. The contract is relevant to the supply of AMOS Maintenance and Procurement modules for six Offshore Support Vessels, two pipelay vessels and one crane barge. A
Yesterday in Murmansk a group of Gazprom’s experts led by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee visited an affiliate of the Zvezdochka Shiprepairing Center to inspect the Prirazlomnaya offshore ice-resistant stationary platform. The delegation was joined by Roman
Hyperdynamics Corporation has engaged the University of Arizona Department of Geosciences for a two-year study of geology and tectonic history of its exploration block offshore Guinea, including the identification and characterization of igneous rocks and associated sedimentary features from 2-D and
ULSTEIN has established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years. Ulstein IDEA Equipment Solutions will be engaged in the development and manufactur
