Lundin spuds exploration well on the Fosen prospect, offshore NorwayJan 26, 2016Lundin Petroleum’s wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 16/4-10 on the Fosen prospect. The well is located approximately 27 km south of the Edvard Grieg field and 11 km south of the Luno II discovery on the Utsira High on the Norwegian Continental Shelf (NCS).
New report reveals: Business a key activist in turning global risks into opportunitiesJan 26, 2016From all corners of the world, business leaders echo the same message: societal risks need urgent action. However, some of the most pressing risks – such as youth unemployment
Aker Solutions wins two MMO contracts for Åsgard AJan 26, 2016Aker Solutions won a front end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Åsgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Åsgard A. 'We're very pleased to secure the orders for this major oil and gas field, which will help secure jobs in our MMO business in Norway,'
Forum Subsea Rentals signs global agreement for Aquatec’s LEAKlogJan 26, 2016Forum Subsea Rentals, a subsidiary of Forum Energy Technologies, Inc., and Aquatec Group Ltd have signed a global agreement for the rental of Aquatec’s proven LEAKlog™ leak
Expro to discuss brownfield production optimisation at industry eventJan 26, 2016With more than 70% of current world oil production coming from brownfields/ mature fields, the challenge to extend the life of these fields in a cost-effective way is becoming increasingly difficult.
Eaton’s Intrinsically Safe solutions enhance safe plant operationJan 25, 2016Power management company Eaton has launched two new Intrinsically Safe (IS) products as part of the Crouse-Hinds series portfolio, which enable plant managers across
Providence releases technical update on Newgrange exploration prospectJan 25, 2016Providence Resources has released a technical update on a major new multi-client 3D seismic programme, which is planned to be acquired by Searcher Seismic Pty Ltd in summer 2016,
Nor-Shipping 2017 shakes up future with Disruptive SustainabilityJan 25, 2016Nor-Shipping is ripping up the industry rulebook. That’s the message from the organisers today, as they reveal a theme for exhibition Hall A that aims to challenge convention
REPORT: World Energy Council forecasts 70 percent drop in energy storage costs by 2030Jan 22, 2016A new report from the World Energy Council with lead authors from DNV GL, forecasts strong growth in global adoption of electrical energy storage, citing dramatic reductions
Wood Group strengthens commissioning capabilities through Magma collaborationJan 22, 2016Wood Group has established a collaborative agreement with international engineering consultancy, Magma Products (Magma) to extend its existing commissioning service.
Polarcus receives LOI for 4D project offshore DenmarkJan 22, 2016Polarcus Limited has received a Letter of Intent (LOI) from Maersk Oil on behalf of the Danish Underground Consortium (DUC) for a 4D marine seismic survey offshore
Cape appoints Brian Larcombe as non-executive directorJan 22, 2016Cape plc has appointed Brian Larcombe as a non-executive director with effect from 21 January 2016.
NXT Energy completes $1 million Bolivia contract expansionJan 22, 2016NXT Energy Solutions Inc. has completed its Bolivia survey contracts. NXT Energy's US $13 million (net of applicable Bolivia sales taxes arising)
San Leon Energy terminates possible takeover discussionsJan 22, 2016The Board of San Leon notes that an offer period under the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 in relation to San Leon commenced with effect from its
JKX Oil & Gas awarded further three Hungarian production licencesJan 22, 2016JKX Oil & Gas plc has been granted a further three 35-year production licences (mining plots) covering an additional area of approximately 124 sq km within its original
Bernhard Schulte Shipmanagement now an official Marine Partner of IMarESTJan 22, 2016The Institute of Marine Engineering, Science & Technology (IMarEST) declared Bernhard Schulte Shipmanagement (BSM), as a Marine Partner of the Institute.
Eden Energy sells UK gas assetsJan 22, 2016Eden Energy Ltd's wholly owned Australian subsidiary, Adamo Energy Ltd, entered into an agreement with UK Onshore Gas Limited (a company incorporated under the laws of
DNV GL acquires Swedish power system analysis company Gothia PowerJan 22, 2016Gothia Power, a Swedish power system analysis company, has been acquired by DNV GL. “This company's expertise and services are a perfect match for DNV GL’s existing portfolio in the renewable power, transmission and distribution industries. I am therefore happy to announce this acquisition, which establishes DNV GL’s technical and strategic power system services in the Swedish and Baltic energy markets and further strengthens our leading position worldwide,” says DNV GL President and CEO Remi Eriksen.
Lundin Petroleum completes Lorry exploration well as a dry wellJan 21, 2016Lundin Petroleum’s wholly owned subsidiary Lundin Norway AS has completed the drilling and evaluation of exploration well 6407/10-4 on the Lorry prospect.
Offshore opportunities in a low crude oil price environmentJan 21, 2016Companies serving the offshore energy sector must accept that crude oil prices are not going to bounce back anytime soon and look to diversify into other market areas in the same way
Statoil awarded highest number of licences since 2005Jan 21, 2016In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11
Petro River to acquire a 9% Interest in PL 1/10 and P2123Jan 21, 2016Petro River Oil Corp. says that Petro River UK Limited, its wholly owned subsidiary, entered into a Farmout Agreement to acquire a 9% interest in Petroleum License PL 1/10 and P2123
Faroe Petroleum awarded 6 new exploration licenses in NorwayJan 21, 2016Faroe Petroleum has been awarded six new prospective exploration licences, including two operatorships, under the 2015 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. The Company has been awarded three new licences in the Norwegian Sea area: Licence PL836S Yoshi - Blocks 6406/2,3 below Cretaceous: Faroe (30%), Wintershall Norge AS (40% and operator),
Statoil signs new multiyear agreement with AVEVA for AVEVA Everything 3DJan 20, 2016AVEVA has entered a multiyear agreement with Statoil ASA for AVEVA Everything3D™ (AVEVA E3D™). The Norwegian Energy owner operator has selected AVEVA E3D to
