Statoil ASA: 2015 fourth quarter resultsFeb 5, 2016Statoil delivered adjusted earnings of NOK 15.2 billion and adjusted earnings after tax of NOK 1.6 billion in the fourth quarter 2015. For the full year 2015, adjusted earnings were
Prior Diesel makes major investment in 3D modellingFeb 5, 2016Prior Diesel, a Suretank company and supplier of diesel driven power solutions and well service products to the oil and gas, marine and industrial sectors, has invested in the latest
Agreement on the sale of transmission assets at Westermost RoughFeb 5, 2016Westermost Rough Ltd (WMR), a wholly owned subsidiary of DONG Energy A/S (50%), the UK Green Investment Bank plc (25%) and Marubeni Corporation (25%) has signed
Subsea UK to sponsor MATE ROV competition for second yearFeb 5, 2016Subsea UK declared, at Subsea Expo, that it will sponsor an initiative which inspires budding subsea engineers for a second year.
Major industry boost for award-winning Lightpath technologyFeb 5, 2016Scottish research and development company PhotoSynergy Ltd (PSL) is enjoying a hat trick of successes as a major operator and two subsea service companies push the envelope
Sound Energy achieves first commercial gas production from NervesaFeb 5, 2016Sound Energy has achieved first commercial production at the operated onshore Nervesa gas discovery on 3 February 2016. The Nervesa discovery was drilled successfully by
National awards recognise Subsea starsFeb 5, 2016Aker Solutions was recognised as the best subsea company of the year at the Subsea UK awards last night and David Bloom of Subsea 7 was honoured for his outstanding
Bibby Offshore develops collaborative approach to unlock subsea productivityFeb 5, 2016Bibby Offshore has developed an innovative vessel share option for clients, which has the potential to provide the subsea industry with significant savings through encouraging
Aker Solutions wins MMO contract in the UKFeb 4, 2016Aker Solutions won a framework agreement to provide engineering and construction services for several offshore oil and gas fields in the UK North Sea.
Statoil awarding contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina KrogFeb 4, 2016The contracts awarded on behalf of the licence partners include marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead
ENG Resources aims to drive costs down and boost efficiencyFeb 4, 2016A unique matchmaking service to reduce the costs of recruiting engineers for subsea projects is being launched at Subsea Expo. ENG Resources has been established to help subsea
Custom Modulift subsea spreaders for major North Sea oil projectFeb 4, 2016Modulift has manufactured two custom subsea spreader beams for one of the world’s leading subsea construction companies, which is currently conducting a large-scale engineering,
Jacobs awarded pre-FID study contract for Baltic gas projectFeb 4, 2016Jacobs Engineering Group Inc. was awarded a contract to conduct a pre-final investment decision (Pre-FID) study for the onshore gas treatment plant of the Baltic Gas Project in the Polish
Rockhopper says Ombrina Mare concession will not be awardedFeb 4, 2016Rockhopper Exploration has been informed by the Ministry of Economic Development that, following the re-introduction of the ban on exploration and production activity within 12 nautical miles
DONG Energy to build new record size offshore wind farmFeb 4, 2016DONG Energy has made a final investment decision to build the giant Hornsea Project One offshore wind farm (Hornsea) in the UK. With a capacity of 1.2 gigawatt (GW), Hornsea will on
Subsea 7 awarded frame agreement offshore UKFeb 4, 2016Subsea 7 S.A. has been awarded a sizeable three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea Limited, Dana Petroleum (E&P) Limited, Hess Denmark APS, Nexen Petroleum U.K. Limited, Talisman Sinopec Energy UK Limited and TAQA Bratani Limited. Under this frame agreement, Subsea 7 will continue to provide Diving Support Vessel (DSV) services on a year-round basis, as well as associated project management and engineering services to over 40 facilities in the North Sea.
AKOFS Offshore selects Webtool Emergency Disconnection ToolFeb 3, 2016Allspeeds has supplied Webtool Emergency Disconnection Tools to AKOFS Offshore for its subsea equipment orientation system (SOES) used to install subsea trees.
Lundin Petroleum secures reserve-based bank financingFeb 3, 2016Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion.
Hydro-Lek business facilities move to Fareham, HampshireFeb 3, 2016Following the acquisition of Hydro-Lek, Saab Seaeye are pleased to announce that the Hydro-Lek business has now been transferred to Fareham and is fully operational.
Ashtead Technology publishes white paper at Subsea ExpoFeb 3, 2016Ashtead Technology is publishing a White Paper at Subsea Expo to demonstrate how a new approach to the installation and integrity management of subsea systems can significantly
Petrotechnics’ proscient software achieves certified integration with SAP® applicationsFeb 3, 2016Petrotechnics says that its proprietary software, Proscient™ version 3.0, has achieved certified integration with the SAP® ERP application, version 6.0.
OGIC to highlight innovation at Subsea ExpoFeb 3, 2016The role that innovation will play in the future of the subsea sector will be highlighted by the Oil & Gas Innovation Centre (OGIC) at Subsea Expo this week.
Scottish Government support for the sector welcomed by Oil & Gas UKFeb 3, 2016Following the announcements from the UK and Scottish Governments last week of a range of support for the UK oil and gas industry, including funding of the Aberdeen
Petromanas Energy to sell Albanian assets to ShellFeb 3, 2016Petromanas Energy Inc. has entered into a Sale and Purchase Agreement with Shell Upstream Albania B.V., a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which
