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
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
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
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
Voltimum Founder Member Company ABB has won a contract from BP Plc in Norway to supply equipment for an underwater power link that will increase reliable and safe electricity supply and, it is claimed, help reduce greenhouse gas emissions: ABB will supply the converter stations at each end of the 292km cable which will bring DC power from Lista in southern Norway to the Valhall oil field in the North Sea where it will be converted to AC
The Danish Maritime Authority has changed the size of the area of prohibition that was established on 17 August in the North Sea off the coast at Esbjerg in connection with the discovery by divers of a submarine on the seabed. "Initially, the area of prohibition had a radius of 1
Semco Maritime has welcomed the recent arrival of two Maersk Drilling high specification jack-up rigs to its Invergordon shipyard facility. Maersk Reacher will be berthed in the Queens Dock facility for an undisclosed duration, carrying out necessary upgrades and modifications
MEERCAT Workboats said it has sold a third workboat to Scottish aquaculture firm Dawnfresh. MC26, named Venetia, is an aquaculture specific workboat which will be delivered to Scotland in late August. Venetia is a 15m x 6m monohull workboat designed and principally engineered for
DOF Group said it has secured an extension with Maersk UK for 2011-built platform supply vessel (PSV) Skandi Gamma until the end of 2016 and for 2003-built PSV Skandi Caledonia with Apache North Sea Ltd until mid-January 2017.
Whittaker Engineering, an independent Engineering, Procurement and Construction (EPC) company, has developed a unique water-backed welding procedure for vessels which can save companies millions of pounds from the prevention of dry docking and resultant loss of production.
DNV GL has been awarded a 5 year contract to provide in-service verification work for Wintershall Noordzee B.V.’s (WINZ) RAVN and A6-A platforms. The two platforms based in the North Sea are the unmanned RAVN in the Danish sector and manned A6-A in the German sector
Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway, and those onboard the four-day trip said it was jawdropping.
Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for Eni Norge in the Barents Sea and has also been part of the extended towing-preparedness in the area on behalf of the
Chief of Naval Operations (CNO) Adm. John Richardson visited Chinese North Sea Fleet headquarters, July 20 to meet with fleet commander Vice Adm. Yuan Yubai. The goal of the five-day trip is to improve mutual understanding and encourage professional interaction between the two navies.
Chief of Naval Operations (CNO) Adm. John Richardson met with People's Liberation Army (Navy) (PLA(N)) Commander Adm. Wu Shengli during professional and social events held July 18 at navy headquarters in Beijing. The goal of the engagement was to improve mutual understanding and encourage
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said
Bibby Offshore, a subsea services provider to the oil and gas industry, says it has secured a 15-day project with BP, due to commence in August 2016. The contract will see diving support vessel Bibby Topaz, working on four BP operations across three of its North Sea assets.
Global integrated drilling waste management and environmental services firm, TWMA, has recently secured a £1.5 million contract with Apache on the WilPhoenix platform in the North Sea Beryl field. As part of TWMA’s fully integrated waste management solution
Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive. Maersk shares rose more than 10 percent on the news with investors betting on a break-up
While the oil and gas markets are starting to come to life, nearing the $50 per barrel mark, the future fate of floating production remains a mystery The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available