Maersk Oil announced today that the appraisal well 22/25a-10z in the high pressure high temperature (HPHT) Culzean discovery has confirmed the presence of a significant hydrocarbon accumulation. The Maersk Oil operated well was drilled in the UK sector of the Central North Sea approximately 145 kilo
Bergen Group is implementing organizational changes and a redistribution of tasks in order to streamline the corporate management and strengthening the coordination between the two divisions Shipbuilding and Maritime Service. Inge Tangeraas resign as executive vice president for the Shipbuilding div
Northern announces that operations have commenced on drilling the Zaedyus prospect, with well GM-ES-1, in the Guyane Maritime Permit. Tullow Oil (“Tullow”), the Operator, believes the well has the potential to open up a major new oil province in Guyane (French Guiana) with a significant number of fu
DOF Subsea, a Norwegian supply shipping company that operates 67 vessels, announced that it has signed contract extensions for three vessels with Shell UK Ltd and Peterson Supplylink BV. Shell UK Ltd has declared the fifth and last annual option for Skandi Foula and Skandi Rona, they will be firm un
Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million. The net proceeds from the bond issue will be directed towards long term financing of the vessel Havila Subsea. DnBNOR Markets and Pareto Securities are retained as manage
Exxon Mobil CorporationNaN continued to deliver industry-leading results in 2010 through an integrated and disciplined business approach, and remains well-positioned to meet growing long-term global energy and petrochemical demand, the company said today in its annual presentation to investment anal
TGS announces that it has signed a Letter of Intent with CGGVeritas to charter a high capacity vessel for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin before the end of April and will last for approximately 4 months. The agreement also provides an option f
Strategic Marine continues to be a dominant player in the crew boat market, delivering another 40 metre vessel into Malaysia from its Singapore shipyards to support the growing offshore oil and gas industry. The ‘ASB Mutiara 5′ was handed over to Malaysia-based global infrastructure company ASB Mari
Technip was awarded an installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea. The contract covers: * welding and installation of an 11.4 kilometer, 8” production pipeline and an 8” water inje
Topaz Energy and Marine, a marine services company based in Dubai, is preparing to float its shares on the London Stock Exchange to raise… [mappress] Source:The National Business , March 9, 2011;
China Rongsheng Heavy Industries Group Holdings is diversifying from its core shipbuilding business to offshore engineering, marine … [mappress] Source: South China Morning Post , March 9, 2011;
The budget for the Leviathan 1 exploratory well at Israel’s Leviathan natural gas field could exceed the estimated $150 million and go as… Source: Israeli Diamond [mappress] Source:Israelidiamond , March 9, 2011;
In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. The complete development of t
Shengli Engineering and Consulting Company Limited (SLECC), a registered survey and engineering institute in China, has chosen Intergraph®SmartPlant® Enterprise solutions, including SmartPlant 3D, to execute its design and engineering projects. To enhance its competitiveness in the marketplace, SLEC
