Process automation company Honeywell has notched 17 percent higher net income for second-quarter 2007 year-on-year, a $611 million result that coincides with a buy-up in its process solutions unit. 
Sub-sea engineering firm JP Kenny has bought a design software license package from Dassault Systems to improve its design and installation operations for large Western Australia gas-field projects. 
Total has all but secured reserves from Gazprom’s giant Shtokman gas field in the eastern Barents Sea, after a signing ceremony in Moscow Friday clinched a 25-year development deal, with options. 
Gazprom has chose French oil company Total to jointly own the Shtokman project company which will own some $16 billion in infrastructure at the 3.6-trillion-cubic metre gas field in the eastern Barents Sea. 
Electromagnetic Geoservices has been awarded a contract by an unnamed energy company to determine the hydrocarbon content of potential reservoirs offshore eastern Canada using seabed-logging technology. 
Norway-based Ability Drilling has executed an option and ordered an onshore drill rig and a workover rig from southwest Norwegian TTS Marine Drilling equipment, a business of Sense EDM of Kristiansand.
Hydro Technology Ventures has formed a joint venture company with Input-Output, Inc. and Reservoir Innovation to develop, pilot test, and commercialize a full-wave seismic system for the permanent monitoring of offshore reservoirs. 
Norwegian oil company Statoil and drilling contractor Odfjell have agreed to develop new sub-sea technology together much like the energy company has with other large supplier contractors. 
The European Union has approved a joint-venture of Wärtsilä and Hyundai Heavy Idustries formed to build dual-drive engines for carriers of liquefied natural gas, or LNG. 
A Stavanger-based oilfield services company boasting a drilling machine that bores into sub-soil like a mole, free of a derrick, listed on the energy-focused Oslo Stock Exchange’s start-cap Axess this week. |
||||||||
|
Norwegian oil company Hydro has presented three design proposals for the development of Gazprom’s 3-trillion-cubic-metre gas field Shtokman in the Russian Barents Sea, judging from illustrations OilGas24.com saw Tuesday. 
ABB in Norway has won a NOK430-million ($72-million) contract to electrify Statoil’s Gjoa platform by sub-sea cable from gas-fired power plant at Mongstad, it was announced late Friday.
Experts: Central, East Europe power markets set to grow May 24, 2007
Central and Eastern European markets for steam and gas turbines are set to grow as high prices plateau and European Union funds for cleaner-burning energy are made available, consuntants Frost and Sulliven are expected to tell suppliers later this month. 
Norwegian Oil and Energy Minister Odd Roger Eknoksen has said Russia continues to ask about gas-supply cooperation between producing countries, just as imports of offshore oilfield equipment are set to receive a boost.
Linde “re-liquefies” way onto five Samsung LNG carriers May 10, 2007
German refrigeration specialist, Linde Group, has won a $50 million order from shipbuilder Samsung Heavy Industries for “on-board, boil-off gas reliquefaction” plant on five carriers of liquefied natural gas, or LNG. 
Norway-based liquefied natural gas carrier Golar LNG has won two charters with Brazilian oil company Petrobras for the use of Golar Winter and Golar Spirit as floating LNG storage and re-gasification vessels. 
Yantai Raffles Shipyard Limited has received a contract from Saipem (43% owned by Eni), for the design and construction of an Iced Strengthened Pipe Lay Vessel of DP3 class. The 290 m long vessel, with a molded breadth of 39 m, will be built under the American Bureau of Shipping classification. 
Port Dolphin Energy LLC, a wholly owned US subsidiary of the Norwegian based company Höegh LNG AS, has submitted an application to the U.S. Coast Guard for approval to build and operate a deep water port for the import of natural gas to Florida’s west coast. 
Houston-based oilfield services company Particle Drilling has succeeded in halving the time it once took to bore through the “hardest rock in North America” with its “hard-shot” Particle Impact Impact Drilling technology. 
U.K. oilfield players Star Energy Group and EnCore have agree to expand a gas-storage feasiblity study and financing deal to cover a second and possibly a third depleted U.K. sector gas field, it was undestood Monday. |
||||||||
|
