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Current affairs in the Oil & Gas industry

Super-Rigs Now Gets Adventurous Name

(OFFSHORE NO) Two new rigs going against the tide when they consume Norwegian shelf. The two CAT J rigs to be used on Oseberg and Gullfaks has in fact gotten their name. They will be named Boots and Cinderella. Lucky and hardworking "We have had a tradition of drawing inspiration from famous Norwegian adventure. Our [...]

By | June 24th, 2015|News, Oil & Gas|0 Comments

Saudi Arabia loses spot as top crude supplier to India, China

New Delhi (REUTERS) Saudi Arabia lost its spot last month as India's top oil supplier to Nigeria for the first time in at least four years, according to ship tracking data compiled by Reuters, as the world's top crude exporter struggles to maintain market share in Asia. The OPEC kingpin also fell behind Russia and Angola [...]

By | June 24th, 2015|News, Oil & Gas|0 Comments

Here Sets The Standard For Rig Rates In Norway Ahead

Monday was jubilation in the roof with Odfjell Drilling. The company secured the key rig contract for Johan Sverdrup. The deal is worth 2.5 billion over three years and provide a daily rate of $ 300,000. The contract is the first of three rig jobs to be awarded on the Norwegian shelf these summer months. [...]

By | June 22nd, 2015|News, Oil & Gas|0 Comments

Kent Introl Secures Contract For 400 Valves

Kent Introl is awarded a framework contract for the provision of all air flow regulation and choke valves on Johan Sverdrup. Over 400 valves will be manufactured and delivered over a period of three years. Johan Sverdrup mission comes as part of the third large framework contract they sign with Statoil.  The new framework agreement runs [...]

By | June 21st, 2015|News, Oil & Gas|0 Comments

Siem Offshore Fined 5 Million For Tax Fraud

Kristiansand District Court has sentenced Siem Offshore Inc to pay a fine of NOK 5 million dollars for failure to tax records and accounts. The company's CEO is acquitted of complicity. The court found that the offshore company has failed to file a tax return and accounting for taxable activities on the Norwegian shelf in [...]

By | June 21st, 2015|News, Oil & Gas|0 Comments