North Sea Rim
The death of a North Sea workers who was struck by a 12-metre-long falling well-intervention tool weighing 370 kilograms has cost supplier Well Ops of Aberdeen £110,000, it was announced Thrusday. 
Norwegian offshore marine equipment maker, Odim, posted record numbers Thursday, including first-quarter earnings before tax and debt-paying of NOK47.2 ($7.8million) on record orders for its safe anchor-winches and cranes. 
BP has pulled out the Peterhead carbon storage and power project that would have used the fast-emptying Miller field as storage for carbon-dioxide separated from a coastal power-plant’s hydrogen. 
The Noble Ton van Langeveld semi-submersible drill rig, in dry dock for crane upgrades and maintenance, is about to embark on a two-year mission for Venture Production in the U.K. sector of the North Sea, as the oil company aims at more 2009 production. 
U.K. independent Venture Production has said the Amanda well in the central North Sea flowed during a test at 2 million standard cubic feet per day, yet is “not economic on a stand alone basis.” 
Statoil has sent a NOK500-million ($82.3-million) letter of intent to Swedish company ABB Power Technologies asking for the assembly and installation of a power cable from the North Sea’s Gjøa field. 
Talisman Energy has awarded Aker Kvaerner a service contract to provide personnel and equipment for well intervention services on the Norwegian continental shelf — including the Gyda, Varg, Yme and Rev fields — a job worth NOK60 million ($10 million). 
Oil company BP has awarded Paris-based contractor Technip the €90 million job of engineering and delivering flexible pipes to the Skarv floating production ship in the North Sea. 
U.K. supermajor BP and mining company Rio Tinto have formed a joint venture aimed at creating “de-carbonized” power plants wich couple carbon capture and storage techniques with hydrogen removed from gas and coal for fuel. 
Oilfield player Faroe Petroleum has farmed Idemitsu into four licenses in the West of Shetland area, a first in the company’s search for Atlantic Margin partners. 
U.K. independent Premier Oil has paid $52.6 million for 20 percent in Hess’s Scott field in the North Sea, a move which pre-empts the stake sale to Canadian outfit Nexen Petroleum.
WellDynamics Norge awarded North Sea advanced well steering framework agreement by Hydro May 18, 2007
WellDynamics’s Norwegian office, WellDynamics Norge a.s., has been awarded a framework agreement by Norsk Hydro Produksjon a.s. (Hydro), one of the world’s largest offshore oil companies, to provide and implement SmartWell® intelligent completion technology in three of Hydro’s North Sea fields. 
Norwegian-dominated contractor Seadrill has come to control 72.4 percent of hotly contested Eastern Drilling in a latest attempt to offer acceptable terms for all outstanding shares. 
Sub-sea contractor Subsea 7 has won a double-bill Norsk Hydro contract worth $340 million for engineering, procuerment installation and commissioning at Vega, Vega South and the Troll 02 fields off southwest Norway. 
Larson Oil & Gas managed rig owner Petrojack has posted a NOK17.1 million ($2.8 million) preliminary, pre-tax net loss for the first quarter of 2007 and a smaller after-tax loss, as company fortunes await two jack-up begin built at Jurong Shipyard in Singapore. |
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