Through its subsidiary TTS Energy AS, TTS Group ASA’s Energy division has signed a contract worth approximately NOK 39 million(USD 7.1 million) The contract is with Ulstein Verft AS in Norway and concerns delivery of a crane. The delivery will take place in August 2012. TTS Energy delivers high perf
Ulstein Group did well in 2010 with NOK 2.4 billion (USD 438 million)in operating income and an operating profit of NOK 354 million (USD 64.6 million). ”We have a solid organisation of competent employees with a strong focus on delivery precision. Through good project management, we have achieved th
Leading oil and gas industry body, the Intervention & Coiled Tubing Association (ICoTA) European Chapter is set to host a one-day seminar of technical presentations from coiled tubing and well intervention specialists in Norway. Among the nine companies exhibiting at the event, Red Spider Technology
Sime Darby Engineering Sdn Bhd has entered into two separate non-binding memoranda of understanding (MOUs) for the proposed disposal of its assets in the Oil & Gas business unit with Petroliam Nasional Bhd (Petronas) and Malaysia Marine and Heavy Engineering Holdings Bhd (MHB). The MOUs, signed this
Bounty Oil & Gas NL (“Bounty”) announced an update on the planned Nyuni 2 appraisal well, the Nyuni Block and Kiliwani North Gas Field developments,Tanzania. Nyuni 2 Apraisal Well Bounty expects the Nyuni 2 well to spud around 8 June 2011. Shareholders will be advised further on progress closer to t
GSP has chosen to develop the western and northern shores of the European Union as part of its core operational area, and in order to strengthen its local presence GSP is relaunching its subsidiary company in Rotterdam, The Netherlands. GSP first established its Rotterdam office in 2009 under the na
Awilco Drilling PLC confirms that the WilPhoenix and WilHunter are delivered from the Remontowa Shipyard in Poland following extensive rig upgrading and re-classing projects. WilPhoenix is currently en route to its drilling location. WilHunter is undergoing its last preparations before departure to
ALE has recently unveiled its latest groundbreaking innovation – the Mega Jack system. Capable of lifting 50,000te to a height of 25m, the Mega Jack has been developed by ALE to meet the increasing demand in the offshore industry to jack up larger and heavier oil and gas platform modules and other l
Statoil’s first fast-track –project – Visund South – is moving ahead as planned. The seabed template has commenced its journey out to the field located south of Gullfaks in the North Sea. “We submitted the plan for development and operation of Visund South in January. Now, four months later, we’ve b
INPEX had a major presence at the 35th Annual Indonesian Petroleum Association (IPA) Convention and Exhibition held in Jakarta, Indonesia, from 18th to 20th May 2011. INPEX won the Best Booth Award (over 50m2 section) among 22 PSC Contractor exhibitors, which is a remarkable accomplishment for INPEX
Seadrill today reports consolidated revenues for the first quarter 2011 of US$1,110 million compared to US$1,169 million for the fourth quarter 2010. Operating profit for the first quarter was US$430 million, down from US$479 million in the fourth quarter 2010, which included US$26 million in gain o
Since launching BroadSeis at Barcelona last year, CGGVeritas has recorded BroadSeis data in many locations around the world, in different water depths and over different geologies. In all cases the increases in bandwidth at both low and high frequencies (six octaves have been recorded in the Gulf of
Tullow Oil plc announces that today it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million. This acquisition will increase Tullow’s interest in the West
Conductor Installation Services Ltd (CIS), an Acteon company, has been awarded the largest contract in its history by Weatherford Nigeria. The USD multi-million dollar contract requires CIS to provide a range of conductor installation services in Nigeria on behalf of two major operators in the regio
