Wärtsilä and Emerson Announce Expansion
5/7/2008 10:35:56 AM
Wärtsilä and Emerson Process Management announce expansion of their global offshore alliance. Under this expansion, the companies can deliver integrated energy and automation systems for Floating Production Storage and Offloading vessels and semi submersible oil and gas drilling rigs. ...
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GE to Power Offshore Platform Supply Vessels
5/5/2008 10:28:14 AM
GE Marine announces that it will supply IML Power, Lomagna, Italy, with eight V228 medium-speed diesel engines. The 16-cylinder engines will power four new, UT755L-type offshore platform supply vessels. IML Power is an authorized distributor of GE diesel engines and services in Italy. The vessels will be constructed by Rosetti Marino S...
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Subsea 7 Wins $60m Contract
4/29/2008 6:53:39 AM
Subsea 7 won an exclusive five year contract by Total E&P UK Ltd (TEP UK) for Inspection, Repair and Maintenance (IRM) works in the Northern and Central sectors of the North Sea. The contract is valued at approximately $60 million. Subsea 7 is to provide a complete range of IRM services to...
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Drilling Deeper Into Gulfmark
4/28/2008 10:08:42 AM
With oil prices on a boil, Gulfmark Offshore, which provides offshore marine services to oil and Natural gas companies, has been a key beneficiary. The stock has doubled in the past two years. In February this year, the stock broke above its 50-day and 200-day moving averages and has rallied about 40%...
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Keppel FELS Delivers its Rig to Diamond Offshore
4/28/2008 9:42:39 AM
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has delivered its KFELS Super B Class jackup drilling rig to Diamond Offshore Drilling, Inc (Diamond Offshore). The Ocean Shield marks the 20th KFELS B Class drilling rig constructed...
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Oil and Gas Extraction at an Ocean Depth of 3,000 Meters
4/25/2008 10:19:45 AM
The family of offshore vessels also includes so-called offshore construction vessels. The latter are multi-purpose ships for the oil and gas industry used for the installation of ever more complex platforms and extraction systems, as well as for the laying of pipelines. OCVs are in service in all oceans...
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American Electric Technologies Powers Growing Indian Energy Market
4/21/2008 11:01:30 AM
American Electric Technologies, Inc., announced two projects with Aban Offshore Limited of Chennai, India. Aban Offshore is India's largest offshore private drilling contractor and their twenty offshore drilling and production units places Aban among the top ten offshore drilling asset owners in the world...
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Aker Solutions' Drilling Rig Hull Sails Away from Dubai to Stord
4/16/2008 9:59:47 AM
The hull substructure for the world's most advanced drilling rig Aker H-6e has started on its 50 days journey from Dubai to Stord in Norway. Weighing 16 000 tonnes, equalling 16 000 cars, this is one of the largest drilling rigs to be towed. The hull is constructed by Aker Solutions...
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Nord Stream Withdraw to Build Service Platform
4/9/2008 10:44:46 AM
Nord Stream AG has withdrawn the conditional application to the Swedish government to build a service platform off the coast of Gotland. Using advanced technology, the consortium now plans to build its pipeline across the Baltic Sea without such a platform. Reflecting these plans and responding to Swedish...
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StatoilHydro Increases Investment in Research
4/2/2008 10:19:48 AM
StatoilHydro is investing $413 million in R&D activities in 2008, 20% more than in 2007. The R&D portfolio is divided into: exploration, increased oil recovery, new development solutions, oil and gas value chain, new energy as well as new ideas. Video available includes: headquarter, offshore...
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Subsea 7 Announces Contract Award on Sul Capixaba Pipeline Project
3/31/2008 10:04:59 AM
Subsea 7 Inc. announced that it has been awarded a contract valued in excess of $200m by Petrobras (Petroleo Brasileiro S/A) for an EPIC contract, in the Espirito Santo Basin offshore Brazil. The contract will involve the design, engineering, procurement, fabrication and installation of the 78 km Sul...
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J. Ray McDermott Wins Chevron Platong Gas II Project
3/28/2008 10:21:07 AM
J. Ray McDermott S. A. said that subsidiaries of the company were recently awarded an engineering, procurement, construction and installation contract by Chevron Thailand Exploration and Production for the Platong Gas II Project in the Gulf of Thailand. The contract encompasses the full EPCI scope...
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Transocean Announces Contract Extension for Deepwater Nautilus
3/28/2008 9:55:47 AM
Transocean announced that the ultra-deepwater semisubmersible Deepwater Nautilus has been awarded a minimum three-year contract extension commencing in December 2008 by a subsidiary of Royal Dutch Shell. Under the terms of the amendment extending the term of the drilling contract, Shell has the...
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Rolls-Royce Wins $73M Petrobras Contract
3/27/2008 10:26:05 AM
Rolls-Royce announced a new order from the Brazilian state oil company, Petrobras, for an additional four gas turbine power generation packages valued at $73m for use on a new offshore platform. This brings the number of Rolls-Royce gas turbine generator sets for Petrobras offshore projects to 27...
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Neptune Start-Up Delayed by Hull “Anomolies”
3/26/2008 8:07:47 AM
During a routine inspection immediately prior to start up of the Neptune tension leg platform (TLP) in the Gulf of Mexico, BHP Billiton found structural anomalies in the hull. Further inspection and assessment were underway to determine the appropriate course of action to mitigate the anomaly.
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Technip Awarded Contract for Field Developments
3/6/2008 10:18:29 AM
Technip has been awarded by Petrofac Energy Developments Ltd (Petrofac) a
contract, worth approximately €36 million, for the development of the Don West and Don South West oil fields. These fields are located 150 miles off Shetland, in the United Kingdom North Sea and will be tied back to the Northern Producer floating production facility...
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Keppel FELS to Build $205m Jackup Rig
3/5/2008 10:25:00 AM
Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest).
The agreement is subject to conditions being met by March 14...
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Euronav Enters FSO Market
2/28/2008 7:32:52 AM
Euronav NV announced that Maersk Oil Qatar AS has awarded two contracts for the provision of Floating Storage and Offloading (‘FSO’) services on the Al Shaheen field off shore Qatar. The award has been made in favor of a joint venture between
Euronav NV and Overseas Shipholding Group. Within the limits...
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Offshore Workers Earn More Paid Vacation
2/26/2008 9:21:24 AM
North Sea workers have won an extra 14 days of paid holiday in a tribunal held in Aberdeen, according to a report on www.EnergyCurrent.com. The Offshore Industry Liaison Committee (OILC) and Unite sited the European Union working time directive in the bid to get more vacation for 10,000 offshore workers,...
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Rowan Nets Contract Offshore Saudi Arabia
2/21/2008 9:39:07 AM
Rowan Companies announced that its Tarzan Class jack-up, Bob Keller, has been awarded a term drilling contract for work offshore Saudi Arabia.
The contract provides for a three-year term, over which the Company expects total revenues of approximately $201 million, and contains an option for a fourth year...
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