Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the currently contracted period was September 28, 2011, and the charter for FPSO Sevan H
Aker Solutions has been awarded a letter of intent (LOI) by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf. Aker Solutions estimates the contract value to be approximately NOK 1 billion. Scop
GC Rieber Shipping has entered into a three-year charter agreement with the UK Ministry of Defence (“MoD”) for the vessel “Polarbjørn”. The contract commences medio April 2011 and expires in March 2014. The contract with MoD will in combination with the recently announced charter agreement for the C
Converteam announces today the signing of an agreement with GE pursuant to which the financial Converteam shareholders commit to sell their shares to GE. Pierre Bastid and Florent Battistella will retain a significant shareholding in Converteam after the closing of the transaction. This agreement is
Aker Solutions has completed loading eight subsea templates destined for Eni Norge’s Goliat project in the Barents Sea… (offshore) [mappress] Source: offshore , March 30, 2011;
Siem Offshore Inc. announces that it will enter into the business for submarine cable installation, repair and maintenance projects. The Company has identified the installation of submarine cables and associated services to be an emerging growing market, both with respect to field and landfall cable
TGS announces that it will conduct extensive reprocessing of over 13,550 km of 2D multi-client seismic data located in waters off the Faroe Islands. This project, designated Offshore Faroe Reprocessing 2011, will extend to the UK/Faroe border. The data for the reprocessing has been made available by
This will be the year Statoil is planning and realising several fast-track developments on the Norwegian continental shelf (NCS). Two new projects are being launched these days, namely Gamma/Harepus and Snorre B template. A plan for development and operation (PDO) of Gamma/Harepus is to be submitted
New Zealand marine electronics company, Electronic Navigation Ltd (ENL) has been named as a finalist at the New Zealand Hi-Tech Awards in the Dell Innovative Hardware Product category for their Wide Angle Sonar Seafloor Profiler (WASSP). Originally established in 1993 the New Zealand Hi-Tech Awards
Contango Oil & Gas Company announced that it has drilled a successful exploratory well at its Swimmy prospect located Offshore Gulf of Mexico on Vermilion block 170. The Company’s independent third party engineer estimates this well to have 8/8ths proved reserves of 48 billion cubic feet of natural
Technip was awarded an engineering services contract by ZADCO* for the UZ 750 project, one of the major offshore field development projects in the United Arab Emirates. The project aims at increasing by 2015 the oil production of the Upper Zakum field (located in the Gulf, 84 kilometers offshore Abu
Infinera has named Deryck Robinson Vice President of Subsea Sales, with responsibility for leading Infinera’s subsea sales activities globally. Mr. Robinson will provide leadership for a dedicated team focused on expanding Infinera business in the large and growing subsea segment of the networking m
The Woods Hole Oceanographic Institution (WHOI) is again teaming with French authorities to renew the international search for the deep-sea wreck site of Air France Flight 447 and to retrieve the flight recorders from the Airbus A 330. WHOI will lead the search from late March to July 2011 under the
The rhetoric about domestic oil drilling reached a fever pitch in Washington this week with the Obama administration touting the approval of more Gulf deepwater drilling permits and Republicans countering that the pace of permitting is still too slow. The stakes are high for both sides of the issue,
