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North Sea slowdown predicted

Jan 13, 2014

Wood Mackenzie’s annual UK upstream oil and gas review concluded that 2013 was a mixed year for the industry.Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success…

DeepOcean wins in Baltic Sea

Jan 10, 2014

DeepOcean AS, was awarded the contract for inspection of the Nord Stream gas export pipelines in the Baltic Sea by Nord Stream AG.“Winning the Nord Stream pipeline inspection contract in the Baltic Sea has been a key target for us,”commercial director Rolf Ivar Sørdal said…

Wärtsilä to supply LNG in Finland

Jan 10, 2014

Wärtsilä signed a turnkey contract to supply a LNG receiving terminal to be built in Tornio, northern Finland. The contract, valued at about US $136 million, was made with Manga LNG Oy, a joint venture between Finnish companies Outokumpu Group…

Halliburton opens Dharan tech center

Jan 10, 2014

Halliburton opened its new Unconventional and Reservoir Productivity Technology Center at King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran Techno-Valley. The new center enables Halliburton to provide research and development…

CIMC wins jackup orders

Jan 10, 2014

Yantai CIMC Raffles Offshore (CIMC Raffles) has won an order for two jackups from newcomer Central Shipping Monaco (CSM). The two rigs will be Friede & Goldman JU2000E design and scheduled to be delivered at the end of 2015. CSM also…

Fairmount delivers Ensco 5004

Jan 10, 2014

Fairmount Marine has delivered the drilling rig ENSCO 5004 in Malta at the endof a voyage that began offshore Rio de Janeiro.ENSCO 5004 is a 1982- built, 94.7m-long, and 70.4m-wide semisubmersible. It was towed from Rio de Janeiro to Malta…

Bourbon achieves US$770 million of vessel sales in 2013

Jan 10, 2014

Bourbon sells 12 additional vessels to ICBC Financial Leasing for US$378 million and concludes a new sale and bareboat charter agreement with Standard Chartered Bank for $150 million Bourbon announces the transfer of ownership of 12 vessels…

HRT plucks Polvo from BP

Jan 09, 2014

Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…

Hydroid president resigns

Jan 09, 2014

Hydroid, Inc., a subsidiary of Kongsberg Maritime, has made changes to its leadership team. Christopher von Alt (pictured left)  has elected to resign from his current position as president, effective January 1, 2014. Hydroid’s board…

Olgoonik/Fairweather awarded Beaufort Sea work

Jan 09, 2014

The group will conduct monitoring studies on potential Arctic nearshore impacts in Beaufort Sea development area.Olgoonik/Fairweather LLC, in conjunction with a team of scientists from the University of Alaska Fairbanks, the University of Texas at Austin…

Kristin cut short in Norway

Jan 09, 2014

'Unsustainable project economics' are to blame for the termination of the Kristin Gas Export Project (KGEP) in the Norwegian Sea.Statoil and partners Petoro and GDF Suez cited increased costs and volume risk for ending the project, and…

Apache defers spud date

Jan 09, 2014

The spudding of the Phoenix South-1 well has been pushed back by Apache until 2Q 2014, because of the company’s operational timetable including other projects Apache has in Western Australia.JV partner, Carnarvon Petroleum said that moving…

Aker completes sale to EQT

Jan 09, 2014

Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund.The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker…

Kris Energy completes drill test

Jan 09, 2014

KrisEnergy Ltd. completed drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 off Vietnam.The Cua Lo-1 well was drilled to a measured depth of 2,867 m. Based on log interpretation, several gas bearing sandstone reservoirs were identified…

Claxton relives well success

Jan 09, 2014

Claxton Engineering Services Ltd. celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment.For the project, the company used a custom conductor reaction recovery system—designed and manufactured…

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