Rowan Companies won a term drilling contract for use of the Rowan Gorilla VII in the North Sea commencing in August 2005. The contract provides for a one-year term with a minimum work commitment of nine months, and includes an option for a second year. Rowan estimates that contract revenues, based on a one-year term, will be approximately $65 million. As previously reported, Gorilla VII is currently carrying out decommissioning activities on the Ardmore Field in the North Sea which the Company expects to conclude during July.
Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June. The 28 safety-standby boats were obtained by Tidewater as part of earlier acquisitions. This type of rescue vessel is required for oil and gas entities operating in the North Sea.
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble. Although the cuts are relatively small for companies with dozens of thousands of employees, they come at a politically sensitive time in Britain as the Scottish independence debate continues and a May parliamentary election looms.
BP Exploration selects Emerson Process Management as automation contractor of choice for North Sea oil & gas operations Emerson will be BP’s preferred supplier of integrated control and safety systems for five offshore fields in the U.K. continental shelf, including the new Clair Ridge platforms and the Quad 204 floating production, storage and offloading vessel. Emerson’s selection as contractor of choice builds on an earlier agreement in which the company was named a Main
Decom North Sea (DNS), the organization which represents the North Sea’s oil and gas decommissioning industry, has welcomed changes in the budget which will boost the sector, leading to new jobs and investment in new equipment. With annual decommissioning expenditure in the North Sea forecast to top £1billion within a few years and a total of about £35billion due to be spent over the next 20 to 30 years, DNS had called for the budget to provide long-term certainty
E.ON Exploration & Production's (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years. The recently completed appraisal well reached its targets within time and budget on 6th July. A 855 m side-track was completed on 30th July, 2013. "This successful discovery in UK is an important step for our growing upstream
By Karolin Schaps, Reuters Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of the European Union's largest oil reserves would be no blank cheque. Scotland says the bulk of Britain's North Sea oil and gas reserves are in its waters, while London says any division would be subject to negotiations should Scots vote to end their 307-year-old union with England in a referendum on
Transocean Ltd. says that it intends to pursue the creation of an entity comprising 8 of its UK North Sea midwater drilling rigs. The new entity, Caledonia Offshore Drilling Company (Caledonia) is expected to be established during the second half of 2014. The offshore drilling assets currently contemplated for transfer to Caledonia include the following rigs: Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Arctic III and J.W. McLean.
ExxonMobil Exploration has awarded WesternGeco a multiproject Q-Marine contract to cover three ExxonMobil assets in West Africa, the Gulf of Mexico, and the North Sea. Q is the WesternGeco proprietary suite of advanced seismic technologies for enhanced reservoir location, description, and management. The surveys will be conducted by the Geco Topaz and the Western Neptune, two of the four WesternGeco Q-Technology vessels
Royal Dutch/Shell is said to have cut its North Sea oil output by 70,000 bpd after lightning cut power to a natural gas plant.
New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean A newbuild DP2 cable installation vessel, Maersk Connector, was handed over from Damen Shipyards Group to Maersk Supply Service on February 4, 2016
Aker Solutions won a framework agreement to provide engineering and construction services for several offshore oil and gas fields in the UK North Sea. The contract has a fixed period of five years as well as an option to be extended by five years
Following the recent contract signing for the first ever Damen Service Operations Vessel (SOV) with walk-to-work capability, the first steel was cut this week at Damen Shipyards Galati, marking the beginning of construction for U.K.-based client Bibby Marine Services.
Ampelmann, a provider of motion compensation access solutions, is opening an oﬃce in central Aberdeen as the next step in the continued expansion of the company. Ampelmann claims an an extensive track record in supporting Walk to Work campaigns in the North Sea
The European Aviation Safety Authorities’ Part 145 approval of VIKING’s Bergen, Norway, servicing station heralds the completion of a ring of safety around the North Sea for aviation suits and lifejackets maintenance and repair needs.
A new report maps the regulations and industry standards applicable to maritime operations in the offshore wind sector of Denmark, the U.K., Germany and the Netherlands. The report, which was drawn p by DNV GL for the Danish Maritime Authority (DMA)
The new PSV was built following the same Rolls Royce Marine design used for the construction of Stril Luna, delivered to Simon Møkster Shipping last year Today, at Gondan Shipyard in Figueras the New PSV for the Norwegian Ship-Owner, Simon Møkster Shipping
Launched in March 2015, the CJ54 cantilever drilling jack-up has recently received full Basic Design Approval from two major international offshore drilling classification societies; ABS and DNV GL. Designed in accordance with the required safety standards of both ABS and DNV GL
The seaports in the North Sea Canal Area, which includes the ports of Amsterdam, IJmuiden, Beverwijk and Zaanstad, saw transhipment decrease in 2015 for the first time in years. The decrease amounted to 1%, with a total of 97 million tonnes in 2015 compared to 97.8 million tonnes in 2014
Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro. Integrated operations and maintenance services will be provided by Wood Group PSN under the two
Ampelmann, a provider of motion compensated offshore access solutions, announced it has achieved a milestone in the operation of its systems; two million safe transfers. The accomplishment was achieved 10 months after the one millionth transfer.
With recent type approval of an 81-meter-high evacuation system, VIKING has answered the needs of offshore fixed and jack-up rigs to handle extreme heights. Leading maritime safety equipment and servicing manufacturer VIKING Life-Saving Equipment A/S has received type approval
Statoil and COSL have confirmed report from the police sources that one person has died as a result of the breaking wave that hit the drilling rig COSL Innovator today. Two other people were injured and are receiving medical treatment ashore
Loose barge drifts by platforms in North Sea; BP platform evacuated, output shut down. A fierce storm in the North Sea forced oil firms to evacuate platforms and shut down production on Thursday on concerns that they could be hit by a drifting barge that had broken its anchor.
A drifting barge has missed BP's Valhall platform in the North Sea by some two kilometres, a spokeswoman for the Rescue Coordination Centre for southern Norway told Reuters. "The barge drifted past by some two kilometres. The danger is over