On Feb. 12, the Norwegian Supreme Court awarded in favor of the shipping companies that the retroactive tax imposed in 2007 for the years 1996-2006 was in breach of the Norwegian Constitution. The effect for Odfjell will be an increase in the equity of about $110m…
Statoil reported that on Feb. 18, the partners in the Gudrun license resolved to submit a plan for development and operation (PDO) of this North Sea discovery to the Norwegian authorities.“The decision marks an important milestone in the…
More than 35 years ago Beele Engineering started offering gastight penetrations for utility pipes, preventing gas explosions due to leaking gas inlets. The latest specialist sealing concerns the immersion tunnel near the South-Korean city of Busan that is being immersed by Mergor…
The Department of the Interior’s Minerals Management Service (MMS) is issuing the final notice for a Federal oil and gas lease sale in the Central Gulf of Mexico (CGOM). Lease Sale 213 will be held March 17, 2010, in the St. Charles Club Room…
Offshore shipping companies are increasingly turning to diesel electric propulsion systems as an efficient means of meeting the performance requirements for modern platform supply vessels. Builders in the U.S., China, Singapore and Norway have all delivered a variety of diesel electric vessels…
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Zakynthos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar…
Rolls-Royce has received an order worth over $20m to supply diesel generator sets and thrusters to Houston-based offshore engineering and construction company J. Ray McDermott. The order, which includes six underwater mountable azimuth thrusters and four Bergen generator sets…
Statoil has extended its contracts with Schlumberger Norge AS and Baker Hughes Norge AS for integrated drilling services. The extensions are valid for two years from the autumn of 2010.The contracts include delivery of directional drilling…
FloaTEC Singapore Pte Ltd (FloaTEC Singapore), an equal joint venture between Keppel FELS Ltd (Keppel FELS) and J. Ray McDermott (J. Ray), has signed a contract worth about $1b with the Papa-Terra Joint Venture, consisting of Petrobras and Chevron…
AMEC announced that it has been selected by Brazilian company QUIP to perform basic engineering services for the topsides of the P-63 floating production, storage and offloading (FPSO) vessel, to be operated on behalf of Petrobras, Brazil’s national oil company…
Governor Sean Parnell has directed the Department of Law to ask the Ninth Circuit Court of Appeals for permission to intervene in the lawsuit by environmental groups challenging the U.S. Interior Department’s decision to approve an oil exploration plan for the Chukchi Sea…
The Tyrihans field was one of five offshore developments to be presented with a Five Star Award at the Deep Offshore Technology (DOT) conference in Houston on Feb. 2. The Statoil-operated oil and gas project in the Norwegian Sea came on stream last July…
CNOOC Limited announced a summary of its business strategy and development plan for the year 2010. The total targeted net production of the company in 2010 is 275 million to 290 million barrels of oil equivalent (BOE) (assuming with WTI at $75/barrel)…
Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, to build a customized KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010…
As part of Secretary of the Interior Ken Salazar's commitment to issue a decision on the application for the Cape Wind Energy Project, the Minerals Management Service (MMS) is accepting public comments on the historic preservation aspects of the project…