Statoil’s executive vice president for Development and Production Norway, Arne Sigve Nylund, together with Margareth Øvrum, executive vice president for Technology, Projects and Drilling, presented Statoil’s views on what it takes to achieve profitable production from the Norwegian Continental Shelf
Atlantic Petroleum UK Limited announces that Centrica Energy on behalf of the Chestnut joint venture (Licence P.354) has entered into a further agreement with Teekay Hummingbird Production Limited, to secure the use of the Hummingbird Spirit FPSO until the end of March 2017 (from the current March 2
Fugro has been awarded a contract for one year, plus a year extension option, by Basrah Gas Company for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq. Fugro will provide geotechnical and topographical survey investigation services at va
International energy consultancy Xodus Group and Dutch innovation company TNO will co-ordinate a Joint Industry Programme (JIP) of multiphase flow induced vibration in the integrity of offshore piping systems. Xodus Group and TNO will co-ordinate key industry players BP, Shell, Statoil, Total, Lundi
MMT has been awarded the SK4 & NorNed protection survey contract by Statnett, Norway. This contract is divided into two separate projects and include detailed high-resolution offshore ROV surveys and cable tracking. MMT has also been contracted for a geophysical and geotechnical survey of a cable co
DOF Subsea AS, a subsidiary of DOF ASA, has been awarded several contracts, with a total value of approx. NOK 475 million ($80 mil.). In the Asia Pacific region, DOF Subsea has been awarded several contracts including IMR services and subsea installation work. The contract awards will secure utiliza
Dana Petroleum has now acquired 40 per cent equity in the Danish 12/06 licence from PA Resources and will assume operatorship from 1 June. PA Resources retains a 24 percent interest in the licence. Following on from the transfer of operatorship, Dana plans to drill an appraisal well on the Lille Joh
CGG has started acquisition of a large BroadSeisTM 3D multi-client survey program in the deep and ultra-deep waters of the Espirito Santo Basin. The project has received high prefunding from major industry players. The Espirito Santo Phase III survey will cover an area of over 9,500 km2. The high-en
Ocean Installer signed short term charter for the OCV/ROV vessel Grand Canyon in order to meet project requirements. Due to an increasing order book Ocean Installer is experiencing high utilisation of its current fleet and recognises the need for increased vessel capacity in the UK. “We have seen th
Danish cable installation company, CT Offshore, received a contract for the cable laying and burial of 97 inter-array cables at DONG Energy’s Gode Wind offshore wind farm 1 + 2. ”In the current market this is an important contract for CT Offshore. While new and larger cable laying vessels are being
Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry, has achieved a 106.4% increase in net profit to US$52.8 million notwithstanding a 35.6% decline in revenue to US$199.5 million for the three months ended March 31, 2014. A signific
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa. BOA Thalassa is a purpose-built 3D EM v
The Gemini offshore wind project shareholders, headed by Canada’s Northland Power Inc., announced that they have reached agreement with the banks on the project’s financing. The financial close will contribute EUR 2.3 billion to the overall construction costs of EUR 2.8 billion. Van Oord has a 10% e
Technip confirmed that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world’s largest
