The AF Group (AFG) has signed the contract for the “H7 Platform Removal Project”. The contract is signed with Statoil, on behalf of Gassco as operator for Gassled. The agreement covers planning, engineering, removal and demolition of the installation. The contract value is approx. NOK 420 million, e
During the Forum Meetings in New Zealand , Tonga’s Prime Minister, Lord Tu’ivakano will attend a Signing ceremony with the World Bank and the Asian Development Bank for the Tonga-Fiji Connectivity Project (Phase 1),also known as the Fibre Optic Submarine Cable Project . This project is under the Pac
Ocean Power Technologies, Inc.today announces financial results for its fiscal 2012 first quarter ended July 31, 2011. Recent Highlights *Revenue for the quarter was $1.9 million, compared to $1.4 million for the prior year, reflecting an increase in revenue from OPT’s project with the US Navy for m
Bulgaria’s Government said on September 7 it has allowed British oil and gas explorer Melrose Resources to use a seismic vessel by the … (sofiaecho) [mappress] Source: sofiaecho, September 09, 2011;
A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-br
Nautilus Minerals Inc has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement. A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share. The shares formed par
JDR, the leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market announces that Andrew J. Norman will join the company as Chief Executive Officer on 19 September 2011. Andrew joins from Dresser Flow Technology Europe, where
DeepOcean AS has been awarded a 1 year option by Statoil for the vessel Edda Flora under the existing frame agreement for Inspection, Maintenance and Repair (IMR) the company holds with Statoil. Edda Flora is now committed until 1st December, 2012. The award represents a significant addition to Deep
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The technically advanced well interve
Top representatives of GDF Suez E&P Nederland, Chevron E&P Netherlands and NAM, the joint venture of Shell and ExxonMobil, share their vision on the future of North Sea gas production during the Offshore Energy conference. The conference will take place on 11 and 12 October in Amsterdam and will run
MEO Australia Limitedadvises that Fugro Multi Client Services Pty Ltd commenced acquisition of the Zeus 3D Marine Seismic Survey on 6th September 2011. The 3D survey over WA-361-P is part of a 1,318 km2 multi-client survey to be acquired utilising the ‘M/V Seisquest’. The WA-361-P Joint Venture has
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $60 million from Det norske oljeselsakp ASA, for tie-back of two satellite wells in the Jette field to the Jotun B platform. The contract is for the engineering, procurement, fabrication and installation of a 6km flex
Following an increase in offshore projects, a leading diver training centre has seen an increase in requests from the oil and gas and … SubseaUK [mappress] Source: SubseaUK, September 08, 2011;
Injecting seawater into reservoirs for pressure maintenance and incremental enhanced oil recovery is a long established practice, normally involving water treatment processes and high pressure pumps located on platform topsides. The next logical evolutionary step is moving closer to reality whereby
