Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
Mercon and Liandon announce that Imtech has joined their MLK Projects consortium. MLK Projects was founded by Liandon and Mercon earlier this year to market a new innovation in offshore substations named COSS for Compact Offshore Substation. As associated engineering company, KCI was heavily involve
Mercon and Liandon announce that Imtech has joined their MLK Projects consortium. MLK Projects was founded by Liandon and Mercon earlier this year to market a new innovation in offshore substations named COSS for Compact Offshore Substation. As associated engineering company, KCI was heavily involve
Statoil ASA has signed an agreement to exit the Brage licences, farm down in Gjøa and Vega and acquire a 15 % stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. The consideration to be paid by Wintershall includes a contingent consideration of USD 100 million relating
Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately
Statoil Petroleum AS (Statoil) has received consent to use Island Constructor for light well intervention activities on Tordis and Vigdis. Light well intervention is cable-based well maintenance where a cable is run directly through sea and down in the well without using a riser, as opposed to when
Today the construction of the 690MW platform for TenneT’s offshore grid connection project HelWin2 officially started. The steel cutting ceremony took place at the yard of Heerema Fabrication Group in Zwijndrecht (the Netherlands), where the topsides of the platform will be built. The jacket and bri
The operations and maintenance base now under construction at Egmere, just south of Wells-next- the-Sea is well on track to be completed by early December. Externally, the environmentally-friendly roof was finished in summer, the block work and brick work is in its final stages, windows are being in
Subsea services company Deep Ocean is experiencing great success as a leading provider of subsea services to the oil and gas operators. For years the company had Haugesund as the base for its subsea business in Norway. Now they are establishing a subsea engineering department in Trondheim, Norway. T
Schlumberger Limited today reported third-quarter 2012 revenue of $10.61 billion versus $10.45 billion in the second quarter of 2012, and $9.55 billion in the third quarter of 2011. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion—an in
Oceana has documented the presence of litter and fishing gear in one of Europe’s major seamounts, the Gorringe bank. The images were taken during an expedition with researchers from the University of Algarve, in which stunning algae forests and a wide range of habitats with hundreds of species were
A specialist North-east oil and gas industry support and training facility is on track to double its turnover this year. The Aberdeen-based National Hyperbaric Centre (NHC), which has been operating in the North-east for more than 25 years is set to see an increase of more than £3m in the annual fig
The U.S. Army Corps of Engineers, Jacksonville District announced the contract solicitation process for the Miami Harbor Deepening project is now underway. The bid solicitation includes deepening existing Federal navigation channels (primarily from 42 feet to 50 feet deep) and widening the channels
Conductor Installation Services Ltd (CIS), an Acteon company, announced that it has been awarded a USD multi-million contract by Weatherford Kazakhstan to provide conductor-driving services in Kazakhstan. The contract requires CIS to carry out up to eight conductor-driving operations annually on wel
