Det Norske Oljeselskap (Detnor) ASA, has initiated production from the Jette field in the North Sea. Production from one of the two wells on the field started May 9, 2013. Based on a recovery rate of 30%, the field contains between 6 and 7 million bo/e…
Saipem announced that it has already exceeded 50% of its new contract acquisition target for 2013 in the Engineering & Construction (E&C) Business Unit. The total value of new contracts acquired from January 2013 to date in the E&C Business…
Kongsberg has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drill ships, with an option for Kongsberg to deliver products and services for six more drill ships…
Iran will invest US$16 billion to develop the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Pars Oil and Gas Co. Managing Director Mohammadreza Zahiri said that most of the funding will come from domestic sources…
Colorado School of Mines and the Universitas Indonesia named top award recipients Schlumberger announced today its contribution of five scholarships to the American Association of Petroleum Geologists’ (AAPG) Outstanding Student Chapter Awards…
Unasys, the North East England-based technology and project management provider to the energy and construction sectors, has signed a four million dollar contract with Technip US for Statoil’s Aasta Hansteen platform. As well as ePM, the Unasys project management CMS system…
The Energy Industries Council (EIC) announced that The Right Honourable the Lord Howell of Guildford has been appointed President of the EIC. Lord Howell is a senior member of the House of Lords, and has held ministerial positions for Energy…
Bureau Veritas Certification is pleased to announce its provisional accreditation as an official SEMS Audit Service Provider for the Center for Offshore Safety (COS). Originally introduced as recommended practice RP 75 in 1990, the Safety…
The offshore market is becoming of increasing importance to Finnish suppliers, partly because of the current downturn in traditional shipbuilding orders. Finnish companies have a wealth of offshore-related niche expertise from ice management to automatic welding for shipyards…
In an important step, Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock…
Höegh LNG has received commitment letters from five international banks for a $299 million limited recourse facility for the financing of the LNG floating storage and regasification unit (FSRU) and mooring system to be located offshore Labuhan Maringgai…
CGG announced today that Robertson, a CGG company specializing in geology, geophysics and reservoir engineering, has completed the first phase of its MERLIN+ source and reservoir facies prediction project initiated in April 2012. Global subscribers…
After more than 40 years of production in the North Sea, with declining production and an ever more complex and costly operating environment, it could be easy to view the basin with a “glass half empty” attitude. However, the industry…
A subsidiary of Brazil-based explorer HRT said its first exploration well offshore Namibia has found oil - but not in commercial volumes. HRT Walvis Petroleum said the well, Wingat-1 2212/07/1 in PEL-23, spudded on March 25, was drilled in water about 1…
Oceaneering International has been subcontracted by Saipem to supply umbilicals for the Burullus West Delta Deep Marine (WDDM) Phase IXa development offshore Egypt. The order is for 10 subsea production control umbilicals totaling approximately 84 kilometers (52…
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