GE Oil & Gas subsea systems and services have been selected by Ithaca Energy (UK) Ltd. for the Stella oil and gas field development project in the Central North Sea, GE reported at Offshore Europe 2011. Under a contract of $17 million, GE will supply an integrated package of “S” Series shallow water
Nautilus Minerals Inc has granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration for 2011. The options and loan shares were granted under the Company’s Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total
DeepFlex, Inc., the world’s only manufacturer of premium all-composite flexible pipe used in challenging subsea oil and gas production environments, announced today that it has closed a significant funding agreement and completed a recapitalization to simplify its capital structure. AEM Capital of R
Deepwater drilling and performance improvement specialist Exceed is exhibiting for the first time at Offshore Europe’s Deepwater Zone (Stand 6C27) following a record year for the business. The Aberdeen-based company surpassed targets to turn over £5.2million ($8.5million) in 2010/11 and has taken on
On behalf of its co-venturers BP announces an agreement to invest up to £700 million to progress a project to develop the Kinnoull reservoir in the central North Sea. Kinnoull is the largest of three reservoirs that are being developed as part of the Andrew Area developments project, and contains 45
OAO Gazprom will start pumping gas into a $10 billion subsea natural-gas pipeline from Russia to Germany, bypassing Ukraine, where disputes… (Bloomberg) [mappress] Source: Bloomberg, September 06, 2011;
China’s application to carry out deep sea mining and exploration activities in South-West Indian Ocean Ridge has been approved by Internatio… (zeenews) [mappress] Source: zeenews, September 06, 2011;
In a detailed assessment of the Deepwater Horizon oil spill, researchers led by a team from the Woods Hole Oceanographic Institution (WHOI) have determined that the blown-out Macondo well spewed oil at a rate of about 57,000 barrels a day, totaling nearly 5 million barrels of oil released from the w
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has successfully completed offshore sea trials for the recently launched Gel Lift System (GLS). GLS, a potentially game-changing new product that could save millions of pounds when installing offshore renewables in
The board of Bahamas Petroleum noted press speculation over the weekend and announced that the Company is in the process of finalising the appointment of Simon Potter as Chief Executive Officer of the Company. Mr Potter’s appointment is subject to final approval from the Company’s nominated adviser.
Technip was awarded an installation contract, worth approximately €40 million, by Maersk Oil North Sea UK Limited for the Gryphon Area Reinstatement Programme – GARP, located about 320 kilometers North-East of Aberdeen in 110 meters of water. This contract covers installation of 15 dynamic risers, 2
TGS has commenced a new 1,000 km multi-client 2D survey in Northeast Greenland in partnership with Fugro. This survey will enable customers to prepare for the announced Greenland Licensing Round in 2012/2013 and will significantly add to a data set that TGS has been growing since 2008 in this promis
Flexlife, an oil & gas industry specialist in subsea project and integrity management, has expanded its operations in Brazil to increase its capacity across South America. The company is targeting initial revenue of approximately £4million per year, but that is expected to ramp up by 30-60% per year
Kongsberg Maritime Ltd has introduced a range of new training courses at its Training & Simulation Centre in Westhill, Aberdeen, aimed at the hydrographic survey market. Building on an already established portfolio of Dynamic Positioning, Automation and Acoustic Positioning courses, the new courses
