Romania’s GSP Offshore has announced that it has signed a contract for its jack-up drilling rig GSP Jupiter with Turkish national oil and gas company TPAO. GSP Jupiter has been awarded a contract for offshore drilling services, for Istranca 1 well (+ 1 optional well) on Black Sea Block 3920 on the Turkish continental shelf. [...]
April 26, 2012 | Posted in
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![Russia: Saipem, OCK Ink Cooperation Agreement]()
Saipem and the Russian company, United Shipbuilding Corporation (OCK), have signed an exclusive cooperation agreement for the development of oil & gas projects in the Russian Federation and in other countries. The cooperation agreement outlines objectives, criteria and timing to establish a fifty-fifty joint venture between the two companies, with the scope of work including [...]
![Turkish Foreign Minister Calls Cyprus’ Offshore Drilling Plans a Provocation]()
Turkey said on Saturday plans by Cyprus to begin gas exploration in the Mediterranean amounted to “provocation” and it would consider carry… Source: Reuters Source: Reuters ,September 18, 2011;
![Russia: Wintershall and EDF Enter South Stream Project]()
Alexey Miller, Gazprom Chairman, Harald Schwage, Member of the Board of Executive Directors of BASF SE, Henri Proglio, Chairman and CEO of EDF, and Eni CEO, Paolo Scaroni, today signed an agreement in Sochi, in the presence of Russian Prime Minister Vladimir Putin, establishing the entry of Wintershall and EDF in the South Stream project [...]
![Azerbaijan: Shah Deniz Production Level Drops Due to Power Supply Problems]()
Power generators ensuring power supply to Shah Deniz failed at 15.30 on 21 June, which cut volume of power supplies, sources in … By Rufat Abbasov (News.az) Source: News.az, June 22, 2011;
![Inocean: Giving Identity to a Drillship (Norway)]()
Development of a drillship is mainly about capacity, operational security and economy. But in these times of razor-sharp competition, design and identity are gaining significance. A ship also needs character. During an early stage of the development of the INO-80 concept, Inocean’s designers used an approach similar to that used to develop products such [...]
![Russia: Board of Directors Approves Gazprom Innovative Development Program until 2020]()
The Board of Directors approved the Gazprom Innovative Development Program until 2020. The Program represents a document designed for long-term planning and management of the innovative activities. It covers all of Gazprom’s gas, oil and power generation businesses. The meeting noted that the Program would serve as an efficient tool of further upgrade in the [...]
![Norway: Emas AMC Clinches USD 41 million Subsea Contract from Statoil]()
EMAS AMC has won yet another major contract, from one of the world’s premier energy companies, Statoil. The EPIC project with Statoil, an internationally renowned energy company, is worth approximately US$41 million and will involve EMAS AMC supplying and installing 55km of power cables along with associated terminations and ancillaries for the Gudrun field [...]
![Cyprus: Prosafe Posts 2010 Results, Sees Growing Interest in Semi-submersible Accommodation Rigs]()
Prosafe’s operating profit for the fourth quarter came to USD 18.4 million and net profit amounted to USD 30 million. Operating profit for the year 2010 was USD 221.1 million, and net profit for 2010 equalled USD 198.5 million. Financials (Figures in brackets refer to the corresponding period of 2009) Full year 2010 Operating [...]
![Germany: Second New Building Vessel Type 183 Almost Completed for SAL]()
In March 2011, SAL will put the second Type 183 into service. The vessel is already under construction at the Sietas shipyard in Hamburg. This innovative ship type will be the second heavy lift vessel in the market featuring 2 x 1,000 mtons SWL cranes while maintaining a high speed of 20 knots. The second [...]
