Norway's Kvaerner and China Offshore Oil Engineering Co. (COOEC) have officially opened an engineering joint venture, Kvaerner COOEC Engineering & Technology (KCET), in Qingdao, Shandong, China. KCET will carry out and further develop…
Wärtsilä will supply generating sets for two new well intervention vessels for Norway's Siem Offshore, the company announced on 30 June. The contract's scope calls for the supply of eight 6-cylinder in-line Wärtsilä 32 generating sets…
Polarcus Amani has mobilized for a 4400sq km RIGHTBAND 3D multi-client survey in the Southern Porcupine basin, offshore Ireland. The multi-client project, being acquired in collaboration with ION GeoVentures and GeoPartners, will be the largest…
On 5 January 2014, Euronav NV announced it would acquire 15 very large crude carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. Today, Euronav said that eight of the VLCCs have been delivered in the first half of 2014. Deliveries…
Statoil and Statkraft have given the final investment decision for the Dudgeon offshore wind farm off the coast of Norfolk, UK. The project aims for full production in late 2017. When completed, Dudgeon will provide renewable energy for up to 410…
Two Subsea 7 board members have resigned so that the company can use its vessels for energy development related projects in US waters. The move, which saw Robert Long and Allen Stevens, both US citizens, step down, was to enable Subsea 7…
Keppel Offshore & Marine subsidiaries Keppel Shipyard and Keppel Singmarine Pte have secured contracts worth a total of S$368 million for North Sea and Caspian Sea projects. Keppel Shipyard has won the contract for the conversion…
Exploration activity on the Norwegian shelf 'remains vigorous', with 13 new discoveries made this year, according to the Norwegian Petroleum Directorate (NPD). As of 24 June, 33 exploration wells (23 wildcat and 10 appraisal wells) have been spudded and 33 terminated…
Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015. “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…
Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…
The Norwegian Petroleum Directorate has granted Norwegian exploration and development company, Det norske oljeselskap ASA, a drilling permit for well 2/9-5 S. Well 2/9-5 S will be drilled from the Mærsk Giant jackup drilling facility at position 56°24’45…
Statoil opened a new improved oil recovery (IOR) center in Trondheim the same day it announced an R&D-focused strategic agreement between subsidiary Statoil Technology Invest (STI) and Scottish Enterprise. The new IOR center will be the largest center of its kind in the country…
Statoil announced it has awarded a joint venture contract to Technip and DeepOcean for Pipeline Repair System (PRS) Pool services. The contract was sent out on competitive tender by Statoil in December 2013 and will replace the existing one…
Statoil’s Brugdan II well offshore the Faroe Islands is being plugged and abandoned after finding no hydrocarbons. The well, which was a re-entry of the 6104/21-2 well, was drilled to 4542m, 130km offshore the Faroe Islands. Drilling…
The naming ceremony of the semisubmersible rig Deepsea Aberdeen was celebrated at the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea 25 June. The sea trials will roll out from July-August. Odfjell Drilling…