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.
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.
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
In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had the honour of naming the ultra harsh environment jack-up rig Maersk Interceptor.
Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project. The Butendiek offshore wind farm in the North Sea began construction in early 2014, and is due for completion mid-2015
MSC Magnifica arrives at Damen Shiprepair Rotterdam Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) has been awarded a cruise repair and maintenance contract from MSC Cruises. Built in 2010, the MSC Magnifica is 293 meters long and has a capacity for more than 2
Technip was awarded by EnQuest earlier this year a large(1) engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland
Smith Bits, a Schlumberger company, announced today the introduction of StingBlade* conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications.
GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5
Interferry has praised a decision made at last week’s meeting of the IMO Marine Environment Protection Committee (MEPC) that could exempt certain ferry operators from fitting equipment required by the impending Ballast Water Management Convention to reduce the spread of invasive species.
Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea. Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that Transocean Inc., its wholly-owned subsidiary, intends to proceed with an unregistered offering of shares of Caledonia Offshore Drilling Company, a wholly owned subsidiary of Transocean, in connection with an offering being made to eligible
On October 14 the Barge Master BM-T40 system motion-compensated knuckle boom crane pedestal was installed on the new Wagenborg Walk-to-Work vessel, designed and built by Royal Niestern Sander. The vessel and Barge Master system will be delivered in the first quarter of 2015
Bore and P&O Ferries announces today that they have agreed to add a further RoRo vessel to the long-standing partnership in the North Sea. M/V Estraden will be added to the vessel portfolio sailing for P&O alongside M/V Norsky, M/V Norstream and M/V Bore Song
FORAN was the shipbuilding CAD/CAM System used in the design and production of the vessel Stril Luna, built by Astilleros Gondán and delivered to the Norwegian shipowner Simon Møkster Shipping. Stril Luna, an offshore platform supply vessel (PSV)
Drydocks World signed an agreement today with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea, named BorWin gamma. When completed, this will provide an essential renewable offshore resource to meet increasing energy demands.
Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte. The report, which details drilling, licensing and deal activity across North West Europe over the third
Lundin Petroleum spuds exploration well 33/2-1 in PL555 on the Storm Prospect in the Northern North Sea Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced