Otto Marine News


Valemon hook-up complete

Feb 24, 2015

Statoil and Wood Group Mustang Norway (WGMN) completed the hook-up of the Valemon platform in the North Sea. Valemon. From Statoil.   WGMN teamed with the Korean engineering, procurement…

Conversion work

Feb 04, 2015

Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…

COSLProspector delivered

Jan 13, 2015

The first new-build semisubmersible drilling rig incorporating Wood Group Mustang Norway's (WGMN's) GG5000 floating hull design has been delivered to COSL Drilling Europe (CDE). The COSLProspector was designed to operate in water depths up to 1500m (5000 feet) and drill wells up to 7600m (25…

NOSAC meeting on diving safety, MODUs, OSVs

Nov 05, 2014

The National Offshore Safety Advisory Committee (NOSAC), sponsored by the US Coast Guard, will meet on 18-19 November in Houston. Topics on the agenda include diving safety; OSV purpose and offshore workers; and training of personnel…

Wood Group buys Agility Projects

Jul 15, 2014

Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million.  Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…

Statoil spends big in R&D

Jun 27, 2014

Statoil opened a new improved oil recovery (IOR) center in Trondheim the same day it announced an R&D-focused strategic agreement between subsidiary Statoil Technology Invest (STI) and Scottish Enterprise. The new IOR center will be the largest center of its kind in the country…

Norshore inks Malaysia top hole contract

May 09, 2014

Norwegian drilling contractor Norshore is to carry out top hole drilling in the Malikai field in Malaysia as part of a contract with Sabah Shell Petroleum Company, Far Frontier Energy Sdn. Bhd. Norshore said the contract was a breakthrough…

Otto launches Norshore Atlantic

Feb 28, 2014

Offshore marine company Otto Marine will hold a naming ceremony for the Norshore Atlantic at its Batam Shipyard, Indonesia, today. The Norshore Atlantic is one the first of its kind to be constructed by an Asian yard, says Otto. It…

Global Briefs: October 2013

Oct 10, 2013

Ghohta discovery Lundin Petroleum made an oil discovery on the Ghohta prospect in exploration licence PL492 in the Barents Sea. The well, 7120/1-3, 35km northwest of Snøhvit field, found a 75m oil column in Permian carbonates. Statoil…

Otto begins Philippines drilling campaign

Aug 08, 2013

Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water.  Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…

Planning on a better future

Jan 09, 2013

Andrew McBarnetIf there was such a thing as an annual horoscope for the marine seismic and related geophysical businesses, then in the coming year we can expect at least some improvement on 2012. In other words, unless there is some totally unexpected destabilizing economic…

Vessels in action

May 01, 2012

Jumbo bolsters heavylift fleetJumbo Shipping last month confirmed that it has ordered a second new K-class vessel, with an option on a third, to complement its existing fleet. And following engineering studies, the Rotterdambased specialist…

Aw Chin Leng Aw Chin Leng promoted to executive director

Apr 02, 2012

Aw Chin Leng has been promoted to executive director of Singapore-based ship building, repair and conversion firm Otto Marine.

Firms & Faces December 2011

Dec 01, 2011

Hunting has completed the acquisition of Specialty Supply for an initial cash consideration of $31 million. Located in Houston, Specialty manufactures precisionmachined MWD parts used in directional drilling markets worldwide.Lankhorst Mouldings and…

Thinking bigger

Aug 09, 2010

Engineering and building production facilities in-house not only saves money but can also give offshore suppliers a sizeable market edge. That's been the case, and not for the first time, at Moerdijk-based offshore steel wire ropes, cable-laid…

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