Tap Oil Limited announces that it has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$20 million corporate facility executed with Commonwealth Bank of Australia, as ann
The Bureau of Safety and Environmental Enforcement (BSEE) participated in a day-long Government Initiated Unannounced Exercise involving Occidental Petroleum Corporation (OXY). The table top exercise, held in Huntington Beach, Calif., tested OXY’s ability to respond to a simulated spill event in acc
The U.S. National Oceanic and Atmospheric Administration’s (NOAA) ships, small boats, and hydrographic services contractors have their sailing orders to survey more than 2,000 square nautical miles in U.S. coastal waters this year, collecting data that will strengthen the foundation of the nation’s
Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract in support of a $14 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada. Jee wil
The Oceanscience Group have been appointed as an authorized HYPACK® OEM partner, to further strengthen the available options for the popular Z-Boat® 1800 remotely-operated hydrographic survey boat. Oceanscience can now supply their top specification single beam and side-scan equipped Z-Boats, largel
GE Oil & Gas, Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX), and the Mexico Institute of Petroleum (IMP), have signed a technology collaboration agreement focused on the oil and gas sector, with the sponsorship of Mexico state-owned oil and gas company Petroleos Mexicanos. The
The U.S. Department of the Interior (DOI), through its office of Bureau of Safety and Environmental Enforcement (BSEE), is seeking a contractor who will carry out Wind Energy Inspection Procedure Assessment. The DOI intends to competitively award a Firm-Fixed-Price (FFP) type of contract to one of p
The U.S. Department of the Interior (DOI), through its office of Bureau of Safety and Environmental Enforcement (BSEE), is seeking a contractor who will carry out Wind Energy Inspection Procedure Assessment. The DOI intends to competitively award a Firm-Fixed-Price (FFP) type of contract to one of p
Statoil’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value ch
According to a report by Deloitte, the world wide brand gathering consultancy and advice specialists, there is a large area north of the Wadden Sea that is particularly suitable for the development of offshore wind energy. However, this zone is currently allocated to the Dutch Ministry of Defence fo
In the new “Wind Energy Report Germany 2013” Fraunhofer IWES researchers confirm that offshore wind energy is increasing worldwide. While the UK is leading with 50% offshore market share, more than 2 GW are under construction in Germany. Japan enters the offshore market with prototypes of floating t
6 Alpha Associates, the strategic advisor for managing high risk offshore initiatives, has signed a long-term framework contract with TenneT, the European grid operator responsible for connecting offshore wind projects to the German electricity network. The agreement will see 6 Alpha Associates prov
AGR has been awarded a frame agreement with Det norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf (NCS). The frame agreement starts May 1, 2014 with duration of three years. The possible additional two plus two years’ extension wi
Trelleborg’s offshore operation has been awarded its Licença Municipal de Operação (LMO) certification; a municipal license which permits the company to manufacture in Brazil. As a result, Trelleborg has received and delivered its first order for its Vikotherm PT thermal insulation tape, manufacture
