Siemens has completed installation of the offshore platform for the direct-current connection HelWin2. Working under contract from the German-Dutch grid operator TenneT, Siemens has thus achieved a decisive milestone of the German grid connection projects. “We have now installed three high-tech platforms for TenneT in the North Sea. The HelWin2 project is now in the […]
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MacGregor, part of Cargotec, has won an order to supply equipment for three 80m ice-class vessels and a 96m shallow water pipe laying barge, all will be constructed for Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider. The vessels are destined to operate in the Caspian Sea. Equipment delivery is scheduled for mid […]
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‘Pieter Schelte’, the biggest vessel in the world, is to be completed in the port of Rotterdam. Owner and designer Allseas and the Port of Rotterdam Authority have signed an agreement to this effect. The plan is for ‘Pieter Schelte’ to arrive in Rotterdam at the end of 2014. ‘Pieter Schelte’ is 382 metres […]
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The board of directors of Aker Solutions ASA (“Aker Solutions”) has in accordance with the strategy disclosed April 30 resolved to propose to the company’s shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit of Akastor, […]
BG Group announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014, are up to £562 million, or approximately $961 million at current […]
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Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, achieved a record revenue of US$1 billion for the nine months ended 31 May 2014, a 24% increase from US$842.9 million in the previous corresponding period. Revenue for the three months ended 31 May. 2014 (3Q14) has […]
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Rocksource ASA has discovered oil in the Bue exploration well. This marks the third successful well on the PL 586 licence following the Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil and Bue combined have reserves of 95-175 mmboe. The unrisked prospectivity remaining in the rest of the licence is estimated […]
Santos announced that oil production has commenced from the Dua oil project, offshore Vietnam. Sanctioned in August 2012, Dua is a three-well subsea tie-back to the existing Chim Sáo facilities located in Block 12W in the Nam Con Son Basin. The gross production rate from the Dua wells is estimated to average 8,000 barrels per […]
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African Petroleum Corporation announced that its wholly owned subsidiary African Petroleum Sierra Leone Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Block SL-4A-10 is expected to commence in Q3 2014. […]
Maersk Drilling’s first ultra deepwater drillship, Maersk Viking, has started operations at the Julia Field. Maersk Viking will conduct the operations in the US Gulf of Mexico for ExxonMobil with duration of three years. Featuring dual derrick and large subsea work and storage areas, the drillship design allows for efficient well construction and field development […]
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