Statoil has received consent for extended use of the facilities on the Norne field beyond design life up to and including 31 December 2021. Norne is an oil field belonging to production licence 128. The field is located in the Norwegian Sea in blocks 6608/10 and 6608/11, and came online in November
GC Rieber Shipping is optimistic about the further development in 2011. “All the company’s vessels are now on relatively long contracts, which will contribute to solid and stable earnings going forward. In addition, we consider the outlook to be good in our market segments from 2012”, says CEO Irene
The Petroleum Safety Authority Norway (PSA) has granted BP Norge AS consent to carry out manned underwater operations (MUO). The consent relates to diving in connection with the projects ”Valhall Re-Development” (VRD) and ”Skarv Diving 2011”. The work has a planned duration of approx. 14 days both o
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, reported that profit for the period jumped over 8-times to a record US$5.7 million for the three months ended March 31, 2011 on the back of a 292.2% increase in revenue to US$26.1 million. Sequentially, revenue grew by 2
Atkins’ expertise in geotechnical engineering has been cemented at the prestigious 2011 Ground Engineering Awards as the consultancy was recognised in three award categories. The first honour went to Benoit Latapie, who was named Young Geotechnical Engineer of the Year. Benoit, 27, joined Atkins fre
Technip was awarded a contract by Hibernia Management and Development Company Ltd. (HMDC) for the Hibernia Southern Extension project. This project is part of the continuing Hibernia field development. Hibernia is located on the Grand Banks approximately 315 kilometers offshore Newfoundland and Labr
Subsea 7 S.A. announced the award of a three year Life-of-Field Contract by BP Exploration & Production Inc. The contract will cover the provision of two vessels, including a dedicated vessel on full time basis, and associated project management and engineering support, for ROV based inspection, int
ABB, the leading power and automation technology group, has won an order worth about $20 million from EMAS AMC, the deepwater services arm of Ezra Holdings Limited, to supply power cables for Statoil’s Gudrun North Sea oil and gas field, located off the coast of Norway. ABB will deliver 55 kilometer
Wireline and well intervention technology specialist Wireline Engineering has secured £1.25million worth of international contracts in the last three months and completed first work in a number of new markets for the company. The Aberdeen-headquartered company has won new contracts in Saudi Arabia,
Members of energy trade body, the Energy Industry Council, were given a technology demonstration by piping integrity specialist, STATS Group, and a tour of the company’s Kintore headquarters. STATS Group technical director, Angus Bowie, gave a presentation on the company’s background and an introduc
BMT Fleet Technology Ltd, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, announces the appointment of Dr Gordon Fleming as President. A former Canadian Naval Officer, Gordon has over 30 years of experience in the aerospace and d
Statoil submitted a plan for development and operation (PDO) for Hyme (formerly Gygrid) in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy (MPE). First oil is scheduled for the first quarter of 2013. The Hyme PDO is the fourth fast-track development plan submitted to the MPE this
CTC Marine’s multi-role support vessel Volantis has successfully completed cable replacement work at EMEC (European Marine Energy Centre)… (subseauk) [mappress] Source: subseauk ,May 12, 2011;
Deep Sea Supply reports consolidated revenues of MUSD 24.0 in 1Q 2011 compared to MUSD 26.1 in 1Q 2010. Total operating costs in 1Q 2011 were MUSD 21.9 compared to MUSD 17.4 in 1Q 2010. This resulted in EBITDA of MUSD 2.0 in 1Q 2011. Net financial items were negative MUSD 9.4, including unrealized c
