Stories
Refine Search
-
Company
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.
Crowley Tug Participates in Rig Blackout Test
Once again displaying their diversity for use in the domestic petroleum industry, one of Crowley’s four ocean class tugs, Ocean Sky, recently provided back-up station-keeping and holdback services during a routine blackout test of ultra-deepwater, semisubmersible oil rig Noble Jim Day in U.S.
McDermott Wins Fast-track Build Contract in Indonesia
McDermott International, Inc. announced today that one of its subsidiaries has been awarded a fast-track fabrication contract by PC Ketapang II Ltd., a subsidiary of PETRONAS for the BTJT-A Jacket as part of the Bukit Tua Development Project in the Ketapang block of East Java, Indonesia.
SMM Finance Forum: ‘Banks are Lending Again’
For Dr. Carsten Wiebers, Global Head of Maritime Industries at KfW IPEX-Bank, and member of the SMM Advisory Board, innovative financing solutions are key to Europe's continued international competitiveness in maritime high technology. On September 8…
Statoil to Hold Back US Shale Ramp Up
Norwegian energy firm Statoil will only slightly raise its U.S. shale oil and gas output in the near term due to spending curbs, well below a potential for a 50 percent surge, the firm said on Monday. Statoil, which produces around a tenth of its oil and gas from its U.S.
ABS to Class Ultra Deepwater Offloading Unit
The Remora HiLoad DP BR unit design approved by ABS will have advanced capabilities for offloading operations in Brazil's Santos Basin. ABS, a provider of classification services to the global offshore industry, has been selected to class the Remora HiLoad dynamic positioning (DP) BR loading unit…
Lundin Petroleum: Edvard Grieg Field Up in Oct 2015
The Edvard Grieg oil field off Norway is expected on stream in October next year, its operator Lundin Petroleum said on Monday. "We should be on production in October next year," Torstein Sannes, Lundin Petroleum's chief in Norway, told a news conference.
Sinopec:China Shale Costs Will Drop
State-run oil company Sinopec Corp said on Monday it expects shale drilling costs in China to drop to $50 million per well from $80 million in three to five years. Chairman Fu Chengyu was speaking at the firm's results briefing after it reported…
KNOT Purchases 3 Shuttle Tankers from J. Lauritzen
Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has officially reached an agreement with J. Lauritzen A/S (headquarters: Copenhagen, Denmark) to purchase its three shuttle tankers.*…
China Shale Drilling Costs Expected to Fall
State-run oil company Sinopec Corp said on Monday it expects shale drilling costs in China to drop to $50 million per well from $80 million in three to five years. Chairman Fu Chengyu was speaking at the firm's results briefing after it reported…
Sinopec's Profit up at 32.5 billion yuan in 1H, 2014
Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display, from…
Kuwait to Boost Oil Exports to China
Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal…
YPF Oil Extends Operating Agreement with Sinopec to 2027
Argentina's state oil company YPF agreed Friday to extend its operation until 2027 in partnership with a local unit of China's Sinopec oil in an area of a province in the center-west of the country, which represent an investment of $ 300 million, the company said in a statement.
Bureau Veritas to Class, Certify FPSOs for Saipem
Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The $4 billion project for the FPSOs was awarded to Saipem by Total for the engineering…
Can Shale Revive China's flagging oil fields?
"I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will." Those comments, recorded in an illustrated history of the Songliao Basin published by China National Petroleum Corporation (CNPC)…
Sinopec Q2 Earnings Beat Street
Sinopec Corp, Asia's largest refiner, posted a 36 percent rise in second-quarter profit, beating forecasts, as a strong improvement at its refining business more than offset a weakening chemicals division. It posted a net profit of 18.44 billion…
Qinterra Contracted for $20m Petronas Deal
International specialists well intervention technology company Qinterra Technologies has been awarded a contract worth up to $20miliion (USD) to support Petronas Carigali Sdn Bhd operations in Malaysia. The three year deal, will see Qinterra…
Gas Flows To Millions in Thailand While Pipeline Repaired
Responsible for providing Thailand with 20 percent of its annual natural gas supply, PTT Exploration and Production Public Company Limited (PTTEP) works hard to make certain that natural gas production from the Bongkot and Erawan Production Platforms…
Motion Compensation Aids Offshore Lifeboat Lift
In a refurbishment program to upgrade lifeboats on offshore platforms, Ampelmann completed a second successful reinstallation using its full motion compensation technology. The eight-metric-ton lifeboat was kept completely stationary above the vessel deck…
First Oil in Salamander FSO at Bualuang Field
Salamander announces that first oil has been received in the tanks of the newly converted Suksan Salamander Floating Storage and Offtake Vessel (“FSO”) at the Bualuang field in the Gulf of Thailand. This is the culmination of the planned upgrade…
Weak Diesel Imports for Indonesia for Years to Come
Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.