Jumbo Offshore to install protection structures in Shetland island fields

In June, 2011, Jumbo Offshore’s DP2 heavy lift vessel Fairplayer is set to install four subsea protection structures for production flowlines at water depths of 600 m in the Laggan and Tormore fields, 125 km off the north-west of the Shetland islands. These fields,...

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CMA CGM borrows another $945 million

CMA CGM has borrowed a further US$945 million through the sale of bonds, and it will be restructured for a second time in the space of a year. The French carrier initially hoped to raise around $800 million, but because demand for the bond issue was high, the...

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Norway: Seismic acquisition around Jan Mayen this summer

The Norwegian Petroleum Directorate (NPD) will carry out acquisition of 2D seismic data in the waters around Jan Mayen this summer. The acquisition activity will start around 10 June and will last up to three months.Last fall, the Norwegian government resolved...

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SeaHold GeoShips Agreement with Hallin Marine & NCS Survey

Aberdeen-based SeaHold GeoShips Limited (GeoShips) has chartered its first new multi-purpose offshore vessel in partnership with Hallin Marine UK Ltd and NCS Survey.  The contract is worth in the region of £15-£20 million and will result in the creation of...

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Premier: Exploration and appraisal update

Premier is pleased to announce that it has successfully completed operations on the appraisal sidetrack CRD-2X-ST on block 07/03, offshore Vietnam. This sidetrack reached its planned total depth of 3,340 metres (m) in the Miocene section and intersected 18.3m...

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Statoil's Oseberg East to restart on Wed after leak

Statoil's (STL.OL: Quote) Oseberg East oil platform in the Norwegian North Sea, shut on Tuesday after a gas leak, was expected to return to production on Wednesday afternoon, the company said. Statoil spokesman Oerjan Heradstveit said the leak occurred at 0816...

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Vote on $7 bln Ensco/Pride deal set for end of May

Ensco plc (NYSE: ESV) and Pride International, Inc. (NYSE: PDE) jointly announced today that they each will hold special shareholder meetings on 31 May 2011 to vote on the merger of their companies, creating the world’s second largest...

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ATWOOD Announces Six-Month Contract Extension for the Vicksburg

ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor (NYSE: ATW), announced today that one of its subsidiaries has been awarded a six-month contract extension with a six-month option, both priced at the current dayrate of $90,000,...

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Statoil: New light well intervention vessel

Light well intervention (LWI) vessel Island Constructor. (Photo: Island Offshore) Statoil has awarded Island Offshore a framework agreement for a new light well intervention (LWI) vessel on the Norwegian continental shelf (NCS).The third of its type in...

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Nexen approves North Sea development plan

Nexen Inc. (NXY-T23.970.421.78%) approved plans to develop a $1.2-billion (U.S.) oil field in the North Sea, as the company seeks to invigorate its fortunes while distancing itself from a struggling oil sands project it once tagged as a major source of growth. The...

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CNOOC Limited Announces First Quarter Results

CNOOC Limited (the “Company", NYSE: CEO, SEHK: 00883) is pleased to announce its results for the first quarter of 2011.During the period, the Company achieved a total net production of 85.2 million barrels of oil equivalent (BOE), representing an increase of 26.6%...

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GE Completes Acquisition of John Wood Group PLC’s Well Support Division

GE (NYSE: GE) is pleased to announce it has completed the strategic acquisition of John Wood Group PLC’s Well Support Division, expanding GE Oil & Gas’ extensive drilling and surface manufacturing and services portfolio.  The John Wood Group PLC Well...

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KBR Awarded Construction Contract for Chevron’s Base Oil Project in Pascagoula

April 27, 2011 — KBR (NYSE:KBR) today announced it has been awarded a $65 million contract by Chevron Products Company to execute a Base Oil expansion project at Chevron’s refinery in Pascagoula, MS. The construction project includes building a new lubes hydrocracker...

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BP profits hit by Gulf oil spill

BP Pic reported a 2 percent drop in first-quarter profit, falling short of analysts' forecasts as the lingering effects of the oil spill frustrated Chief Executive Bob Dudley's attempts to turn around the oil major. [Read More] Source: Reut...

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NEW VULKAN INTEGRATED SHAFT COUPLING DESIGN (ISC)

The high radial stiffness and the comparably low axial and bending stiffness makes the RATO DS suitable to work not only as a torsional coupling but also as an integrated misalignment coupling when rigidly connected to an intermediate shaft. At the rear end of...

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ULSTEIN LAUNCH OF FIRST PX106 IN BRAZIL

The first of two platform supply vessels (PSVs) of the PX106 type design was successfully launched from Alianca shipyard in Brazil mid-April. The vessel is the first of four X-BOW® vessels for offshore shipowner CBO to be built at Alianca. After the launch,...

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Qingshan Shipyard launches a 57,000dwt bulker ordered by FESCO

Chinese Qingshan Shipyard launched on April 23 the second vessel of a series of bulk carriers being built for FESCO Group, the Russian operator’s press service reports. The ship was named FESCO Simferopol. The FESCO Simferopol’s dimensions:  LOA – 189,99 m, breadth overall – 32,26 m, hull height...

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Changxing Shipyard Accomplishes Repair Works on M.V. “Lagonda”

The repair of motor vessel “Lagonda” had been successfully accomplished by CIC Changxing Shipyard recently. The owners had expressed their satisfaction on production quality, repair period as well as business services provided by the shipyard and were willing...

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Evergreen and Yang Ming to Build Mega Ships

Taipei, April 27, 2011 (CENS)--In line with the trend in the global shipping market, Evergreen Marine and Yang Ming Marine, Taiwan`s two leading shippers, have planned to build large-scale container ships, according the Chinese-language Economic Daily News (EDN),...

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Shipbuilding to ride wave of offshore supply vessel orders

The Indian shipbuilding and repair market is estimated to double from its 2010 revenue of $1.6 billion in the next five years. The primary driver of this growth will be increasing penetration of Indian shipbuilders and repairers in the offshore supply vessels...

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