Senior high school students from all over Norway convened in Bergen on 23 May to compete for honour, glory and prize money – and to find out who has come up with the best solution to the world’s energy challenges. “The world needs young people’s ability to solve major challenges, not least within th
Following Cairn’s three-well drilling operations in 2010; the Company’s exploration campaign is to continue in 2011 with the drilling of up to four further exploration wells. The Government of Greenland has recently approved the location of seven exploration drill sites which allows some flexibility
Nido Petroleum Limited on behalf of the SC 54B Joint Venture announces correction of a statement made in the Memorandum to The Philippine Stock Exchange, Inc. released by the Department of Energy on 23 May 2011. Whilst drilling the 17-1/2” hole at 747 metres MD (725 metres TVDss) the drill string be
As the International Oil Spill Conference kicks off in Portland, Ore. today, co-sponsors the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the National Oceanic and Atmospheric Administration (NOAA) announced that they have signed a landmark Memorandum of Understanding (M
Statoil will acquire a 40% equity interest in a North Makassar Strait Production Sharing Contract (PSC) and a similar interest in two additional offshore PSCs (West Papua IV and Halmahera-Kofiau). The three production sharing contracts (PSC) will be operated by Niko Resources Ltd. Gven exploration s
Tullow Oil plc (Tullow) announces that it has entered into an agreement to acquire Nuon Exploration and Production (Nuon E&P) for a cash consideration of €300 million from the Vattenfall Group. The acquisition of Nuon E&P will significantly enhance Tullow’s North Sea business adding a portfolio of 2
Leed Petroleum PLC , the oil and gas exploration and production company, today announces that, further to the announcement on 6 May 2011, Leed Petroleum LLC sold all of its oil and gas assets to a private company for US$16,000,000. This sale constitutes a sale of substantially all of the assets of C
Apply Sørco, a company owned by Apply ASA, has been awarded the contract on Statoil’s Gullfaks C platform for topside modifications regarding replacement of production pipelines for the Tordis field. The work includes engineering, procurement, fabrication and installation of two 10″ pipelines with v
Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), a subsea service provider for the oil and gas industry, today announced that it has secured contract wins for various subsea works to be performed in Indonesia and Thailand. The contracts totaled approximately US$44 mil
China Oilfield Services Limited （“COSL”or the “Group”）announced the Group’s two 200-feet jack-up drilling platforms COSL923 and COSL924 were successfully delivered at Huangdao Shipyard of China Offshore Oil Engineering Co., Ltd. “COOEC” in Qingdao on 22 May 2011. Mr. Liu Jian, Vice President of Chin
ABB, the leading power and automation technology group, today announced the introduction of a new DC (direct current) electrical system for marine applications. The new system is part of a revival of power solutions using DC electricity, and will provide highly efficient power distribution and elect
Aibel has been awarded an assignment to carry out modifications on the Snorre A platform. The modifications are done in connection with Statoil’s fast-track development of the Vigdis North-East field. The assignment is awarded through an option in an excisting contract between Aibel and Statoil. Pre
Power conversion specialist Converteam has been selected by Hyundai Heavy Industries (HHI) as designer and supplier of high efficiency electrical systems for three newbuild ultra-deepwater drillships for Noble Corporation, one of the world’s largest offshore drilling contractors. The Hyundai Gusto P
Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million. Slated for delivery in 1Q2013,
