Kleven Maritime has signed a new contract with Rem Offshore for delivery of one LNG powered offshore vessel. With this new contract, Kleven Maritime’s order reserve increases to 9 vessels at a combined value of 3.3 billion NOK. The vessel is of Wärtsilä Ship Design and is scheduled for delivery from
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDR’s Marine Cables division. JDR Marine Cables designs and produces special marine cables for oil and g
The load out operation for Reshadat field’s P4 jacket started on Wednesday 27, April 2011 at around noon and ended the following morning at 2:30 a.m. on Thursday. According to IOEC Public Relations Department the dimensions of P4 and its weight of 3200 Mt makes it an exceptional Jacket. The jacket w
Paradigm Oilfield Services is today launching a drilling reamer with a unique pressure-controlled on/off mechanism, enabling operators to drill ahead without having to pull the tool out of the hole to reset it. The patent pending hydraulic Real Time Activation Drilling Reamer is triggered by standpi
Sanmina-SCI Corporation , a leading manufacturing solutions company, today announced specialized services to help oil and gas companies be more competitive with scalable capacity near the world’s major exploration and production operations. Sanmina-SCI’s array of design, engineering and manufacturin
Foster Wheeler AG announced today that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and c
LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) has acquired from Quad Energy S.A., a private petroleum company, a 50% interest in the Production Sharing Agreement for the Hanoi Trough-02 (НТ-02) offshore block. The transaction is subject to certain conditions precedent, and among other things the
Subsea 7, will mark its new beginning to the global oil and gas industry at this year’s Offshore Technology Conference (OTC) in Houston, Texas, where its presence is bigger than ever before. Subsea 7 Inc. and Acergy S.A. merged in January this year, bringing together two very strong subsea companies
With oil reserves equivalent to over 30 billion barrels, Nigeria is OPEC’s fourth biggest oil producer. A fraction of those reserves is now to be extracted in the middle of the Atlantic Ocean, 100 kilometers away from Nigeria’s coastline. Unusually, the oil field has no pipeline. Instead, a ship wil
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has entered into a LOI with an international oil company regarding acquisition of 4C seismic data in West Africa. The intention is to conclude the final contract during May and start up of the project will be in Q2. The w
Qatar Navigation, through its wholly owned subsidiary Halul Offshore Services Company (HOSC), announces that it has taken delivery of its newest vessel. Khalifa Mohamed Al-Hitmi, Chief Executive Officer of Halul Offshore Services Company, announced yesterday that the company will launch its newest a
Sterling Resources Ltd. has filed a Notice of Default with the National Agency of Mineral Resources (“NAMR”) as a result of NAMR’s failure to grant license assignments to Sterling’s farm in partners Petro Ventures Europe BV and Gas Plus International BV for a 20% and 15% license holding respectively
Drilling operation at the Norvarg prospect in production license 535 in the Barents Sea has commenced. The well 7225/3-1 is the first well in the license, which was awarded in the 20th Licensing Round in 2009. Norvarg is a large gas prospect. The operation is carried out with the submersible drillin
Sevan Marine ASA , a company specializied in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet technical uptime for April 2011. Technical Uptime for April 2011 was as follows: FPSO Sevan Piranema 100 (%) FPSO Sevan Hummingb
