Olympic Shipping confirms option for delivery of one Multi Purpose Field Supply and Construction Vessel at Kleven Maritime in Norway. Delivery is agreed as June 2012. Olympic Shipping has confirmed a contract with Kleven Maritime for the delivery of one advanced Multi Purpose Field Supply & Construc
The activity level on the Norwegian shelf is high, with investments expected to rise in the next few years. In spite of this, NPD sees that more than 50 per cent of the oil remains in the fields. This is a source of concern for the Norwegian Petroleum Directorate (NPD), which is now calling for [&he
Energy Partners, Ltd. today announced it has executed a purchase and sale agreement to acquire producing oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) shelf from Anglo-Suisse Offshore Partners, LLC for $201.5 million. The assets are currently producing approximately 3,
Teekay Corporation (Teekay or the Company) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in V
Technip was awarded a contract by Chevron North America Exploration and Production for the development of the Jack & St-Malo fields, located in the Walker Ridge area of the Gulf of Mexico at a water depth of approximately 7,000 feet (2,100 meters). The contract covers the engineering, fabrication an
Cameron has received an order from Petrobras for 27 subsea trees and related equipment, worth approximately $74 million, for use in their developments offshore Brazil. The order represents the remaining trees under a 138-tree frame agreement announced in September 2009. Cameron received a purchase o
Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, has announced the appointment of highly-experienced industry figure Rod Buchan as the new Chief Executive Officer. Mr Buchan most recently has been Managing Director of Aker Offshore Partner and has held
Wilhelmsen Ships Service has appointed Vidar Hole to the position of Business Director responsible for the Maritime Logistics Services portfolio. Vidar will drive the design, development and launch of new offers in line with the company’s strategy and identified market and customer needs, across its
The Brazilian government and Navy are considering an ambitious plan for launching an offshore subsea lab to be located at the limit of … Source: Mercopress [mappress] Source:Mercopress, January 13, 2011;
Marport Deep Sea Technologies Inc., a leading developer and manufacturer of sonar products for the defense and commercial fisheries markets, announced recently that it has secured an equity investment led by Hasting Equity Partners, LLC and Admiralty Partners, Inc. Boenning & Scattergood, Inc., a U.
The president of Brazil, Dilma Rousseff, denied this Wednesday (01/12) afternoon, in Brasília, rumors published by the press that the CEO of Petrobras, José Sergio Gabrielli de Azevedo, would be substituted by the CEO of BNDES, Luciano Coutinho. Rousseff confirmed Gabrielli will remain at the helm o
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that it has acquired a 28% interest in each of UK licences P218 and P588 containing the undevelope
Mechanical engineering group, EnerMech, has invested £20 million ($31.5M) in a new Process, Pipeline and Umbilical Services division and appointed one of the industries leading pipeline experts to head up the unit. Les Graves (left) joins the EnerMech board as director and brings with him more than
Ezra Holdings Limited a leading integrated support and marine services provider in the offshore oil and gas (O&G) sector, announced that it has won fresh charters worth up to US$73 million in total for three of its offshore support vessels, including two recently added multi-purpose platform supply
