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Shipping, Oil and Gas

The Norwegian Ministry of Foreign Affairs has announced NOK 6 million in funding towards a Norwegian–Russian petroleum technology assessment project for the Arctic region.


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TTS Energy in Bergen is to deliver two complete wellhead platform drilling units to the Brazilian engineering company OSX S.A., a contract worth NOK 730 million.


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The fire onboard the cuastal cruise line "Nordlys" was most probably caused by fuel leakking onto a burning hot engine housing, according to the Naval Accident Investigation Board.


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Seadrill has entered into a Memorandum of Understanding with a major oil company for a five-year contract for operations in North America with the ultra-deepwater semi-submersible rig West Capricorn.


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The number of Norwegian ships calling at foreign ports increased by 4.8 per cent in 2010, but the number is still lower than two years ago, according to Statistics Norway (SSB).


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Historical Norwegian tall ships Statsraad Lehmkuhl, Sørlandet and Christian Radich will dock in the Shetland Islands and Scotland in July as part of the annual Tall Ship Races.


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Norwegian energy producer Statoil and its partners want to compress gas on the seabed to boost recovery. Subsea compression was recently selected as the preferred concept for Gullfaks.

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Brent crude oil dropped more than 2 percent Monday as the dollar strengthened, ending at $110.10 a barrel. Prices have continued to fall since they reached a peak of $123 a barrel in early May.

 


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Brazil is one of the most attractive upstream hotspots worldwide and the maritime industry is not missing out. To foster this activity, Nor-Shipping 2011 hosts Brazilian Day on Wednesday, May 25. Up to 40 key Brazilian companies are expected to attend, building relationships and partnerships with Nor-Shipping exhibitors.


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The Norwegian bulk carrrier "Star Manx" was attacked by armed pirates who attempted to capture the ship in the Red Sea, on its way from Norway to India on Saturday.


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