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Kongsberg to Supply FPSO Safety System
Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime, will deliver an Integrated Control and Safety System for the new BW Offshore Catcher FPSO.
YPF Inks Shale Oil Deal with Petronas
Argentina's state-controlled energy company YPF said on Thursday it had reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale oil in the vast Vaca Muerta formation. Argentina needs foreign investment to develop the shale formation…
LNG Finalizes Acquisition of Bear Head LNG Project
Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC…
Repsol to Drill First Phase of Canary Islands Solo
Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday. The Spanish oil company and its partners Woodside Energy Ltd.
Shell Sells Some Nigerian Onshore Oil Fields
Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 percent shares in four…
Bibby Offshore Expands in Norway
Bibby Offshore announced its continued international expansion with the opening of an office in Stavanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier. Bibby Offshore has a leading subsea services position in the U.K.
Dearth of Oil Finds Threaten Supplies, Price
Oil discoveries hit new lows in 2013, 2014; oil firms cutting spending, including exploration. Spending cut could hit oil price with a lag. Costs soar, making many project unviable. The rate of oil discoveries continues to disappoint after a…
CNOOC to Export 100,000 T Oil Products in H2
CNOOC to export diesel, gasoline, kerosene or naphtha in H2; volumes likely to be in 10,000 T parcel sizes. China National Offshore Oil Corp (CNOOC) has received a quota from the government to export about 100,000 tonnes of oil products in the second half of the year…
Shell sells some Nigeria oil fields
Royal Dutch Shell has sold some of four oil fields up for grabs in Nigeria, it said on Wednesday, as the oil and gas company pushes ahead with global asset sales to cut costs. Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta -- Oil Mining Licence (OML) 18…
Wood Group Kenny Wins 2 Contracts from Petrobras
Wood Group Kenny (WGK) has won two contracts with a total value of over $2 million with Brazilian operator Petrobras. In the first, WGK has begun a conceptual engineering study of two alternatives of pipeline heating systems for the Petrobras pre-salt Lapa field…
Collaboration Tackles Sea Spray Icing Challenges
Sea spray icing is one of the major challenges when operating in Arctic conditions. DNV GL is now launching an industry collaboration which will develop a simulation model that bridges functional winterization requirements and real physical conditions for drilling rigs…
Statoil Claims Mokul Nordic for North Sea Charter
Nordic Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted for a 30 days firm plus an optional 15 days charter in the North Sea by international energy provider Statoil.
Norway Oil Minister Confident Snorre Extension Project Will Go Ahead
Norway is confident the Snorre oilfield's production life will be extended as planned, the country's oil and energy minister said on Tuesday, despite doubts expressed by some of the partners about the project's viability. Statoil and partners planned to install a new platform at the North Sea field…
ABS Opens Office in Beijing
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government…
Statoil: Aasta Hansteen Moving Boundaries
Aasta Hansteen and Polarled are moving the boundaries for technology, deep waters and ripple effects on the Norwegian continental shelf (NCS). "Aasta Hansteen is one of the biggest and most complex industrial projects in Europe. With the Polarled…
Sinopec SVP is new Sinochem Chair
A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday. Cai Xiyou, Sinopec's vice president in charge of oil trading and sales…
Johan Svedrup Design Two-Thirds Complete
Aker Solutions says it has assembled one of its biggest engineering teams ever to deliver the initial plans for the engineering and design phase of the giant North Sea Johan Sverdrup oil deposit. The company says it is on track to deliver the first draft report due in the fourth quarter…
Shell Finds Gas in Malaysia's Marjoram-1 Field
Shell announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well. “Our strategy to expand our heartland areas through technologically advanced exploration is delivering tangible success in deep-water in Malaysia…
Increased Oil Storage Plays: Analysis
During the last few days, various articles in the oil and shipping press have hinted at the possibility that renewed contango in the oil markets could lead to increased storage plays after several Suezmaxes were fixed for discharge in Saldanha Bay…
Hallin Marine Completes Unique FPSO Contract
Hallin Marine, a Superior Energy Services company, says it has completed a unique project for COOEC Subsea Technology, a wholly-own subsidiary of COOEC (China Offshore Oil Engineering Company) which involved the replacement of 9 mooring lines…
Kongsberg Maritime
Strandpromenaden 50, Horten, Vestfold, Norway 3183 T: +47 32 28 50 00 E: subsea@kongsberg.com W: http://km.kongsberg.com CEO/President: Geir Håøy VP: Bjørn Jalving, EVP, Subsea Division Number of Employees: 4396 The Company Company Mission: Maximizing performance by providing The Full Picture.