Press Release – Sevan Marine ASA has entered into an agreement to sell the semi-completed Sevan hulls number 4 and 5 on an “as-is, where-is” basis to Logitel Offshore. The total purchase price for the Hulls is USD 41 million, to be rendered as a seller’s credit. Sevan will grant an additional loan of USD [...]
Island Offshore, a Norwegian owner of offshore support vessel, took delivery of the M/V Island Crown from Vard Brevik today around 13.30. The vessel is a purpose built Walk2Work Maintenance and Subsea Support Vessel outfitted for offshore Inspections, Maintenance and Repairs in addition to general subsea work. Vessel equipment includes a long-reach offshore crane and a [...]
Norway’s Dolphin Geophysical, a marine geophysical services provider, has today reached a deal with DNB Bank ASA and Sparebank 1 SR Bank ASA to increase its existing loan with the banks to $55.5 million. Dolphin will use part of the cash to pay for seismic equipment on its vessels Geo Atlantic and Polar Duke. The company has earmarked [...]
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for an appraisal well in the Norwegian sector of the North Sea. Lundin Norway, a subsidiary of the Swedish oil company, Lundin Petroleum, will use the Bredford Dolphin semi-submersible drilling rig for the operations. The well 16/3-6 is located in the production licence [...]
The Petroleum Safety Authority Norway (PSA), from 20 March to 11 April 2013, carried out an audit of Teekay Petrojarl (TKPJ) and the company’s design and construction of Knarr FPSO. The activity covered the areas of process, technical safety, barrier and maintenance management. Objective The objective of the audit was to verify that the measures [...]
Statoil’s Natural Science Award was presented in Bergen yesterday, 23 May, and 15 students from six upper secondary schools from all over the country were gathered for the grand finale. The competition is a collaboration between Statoil and six regional science centres in Norway. The winners of Statoil’s Natural Science Award Lea Starck, Rebekka Frøystad [...]
Doedijns recently received a Safety Integrity Level 3 (SIL 3) certificate from Lloyd’s Register according to IEC 61508 standards for its complete series Compact Actuators. In recent years, the IEC 61508 standard has provided a more structured approach to both risk assessment and risk-reduction methods. A Safety Integrity Level 3 certificate contains the second highest [...]
Oil & Gas UK’s survey of the well services sector published yesterday (23 May) reveals that companies delivering drilling, completion, testing and maintenance for oil and gas wells generated gross revenue of £1.9 billion ($3.05 billion) in 2012, the highest since records began in 1996. In line with increasing oil and gas activity on the [...]
Petroceltic International plc has provided an update on its western Black Sea drilling operations where the GSP Prometeu jack-up drilling rig has completed the first of four wells planned for this year. The Kamchia-1 exploration well offshore Bulgaria was designed to test a prospect located in the central area of the Galata exploration concession. The well was [...]
The Rt Hon Edward Davey MP, Secretary of State for Energy and Climate Change in the UK, joined GDF SUEZ E&P UK in Aberdeen yesterday to witness the signing of another major contract with the UK supply chain for the Cygnus project, . The deal with Burntisland Fabrication Ltd (BiFab) to construct the accommodation platform [...]
