ULSTEIN received DNB’s Innovation Award 2012 of NOK 1 million in the National Final in Trondheim on 12 March 2013.ULSTEIN BRIDGE VISION™ is a concept for a modern ship bridge where safety in complex operations has been given major focus. A total of close to 700 ideas were received for the contest…
The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today.Oonagh Werngren of Oil & Gas UKAn analysis of data gathered in February reveals that the sector has…
Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE).Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed…
Ocean Installer won a contract for umbilical installation at the Bittern field in the North Sea by Shell UK Ltd, the company announced on 7 March 2013.Normand ClipperThe scope of the work is to install two new static umbilicals of 20.7 km and 1…
Marine service group James Fisher and Sons is to buy diving equipment firm Divex for up to £33million.The deal will see UK-based James Fisher and Sons pay an initial consideration of £20m in cash plus a further maximum additional consideration of £13m linked to future profitability targets…
Subsea 7 wins North Sea contract Subsea 7 has been awarded a contract to install a 10km pipeline bundle from Talisman Sinopec Energy UK Ltd. The contract, valued at US$285 million is for subsea construction services in support of the company’s Montrose Area Redevelopment (MAR) Project…
TAQA, the global energy company based in Abu Dhabi, can confirm that a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea. It has now been contained with no further hydrocarbon release…
In February 2013, Siemens was awarded an order by Germany's wpd group to supply and install 80 wind turbines for the Butendiek offshore wind power plant off Germany's North Sea coast. When it comes online in 2015, the wind power plant's total…
North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
News from the North Sea from Bridge Energy, Faroe Petroleum, Lundin Petroleum and E.ON.Transocean Arctic will drill the Amol prospect (Image: Petroleum Safety Authority of Norway)Bridge EnergyJunior North Sea explorer Bridge Energy has said…
Investment in North Sea oil and gas production has been predicted to top a 30 year high - but cost per barrel has risen five-fold in the past decade, according to analysis by the industry.Malcolm Webb, chief executive of Oil & Gas UKOil & Gas UK…
CB&I announced that it has been awarded a project valued in excess of US$180 million by Hyundai Heavy Industries Co., Ltd. (HHI). CB&ICB&I's scope of work, which will commence in the first quarter, includes detailed engineering design…
Topsides deal worth approximately NOK 6.1 billionDagny field illustration, with the Sleipner field in the background. (Image: Statoil)Statoil and its Dagny partners Total and Det norske chose Daewoo Shipbuilding & Marine Engineering to design and build topsides for North Sea platform…
Archer to provide P&A services for Statoil Image: ArcherArcher Ltd., a global oilfield service provider headquartered in Bermuda, has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the…
The North Sea-bound jacket weighs 16,000 tonsDagny Jacket (Image: Heerema Fabrication Group)Heerema Vlissingen to set another record breaking fabrication project of the largest launch jacket ever built at HFG Heerema Fabrication…