Statoil and partners brings Valemon gas and condensate field on stream
Jan 5, 2015
The Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent. “Valemon is one of several new projects on the Norwegian continental shelf that will help add value, activity and innovation,

BTI Energy and Northern Power Systems bring ideal wind technology to small businesses
Jan 1, 2015
Northern Power Systems, and BTI Energy are partnering to install multiple wind turbines across the U.S. Northern Power's NPS 100-24 turbine features a newly optimized rotor configuration which allows for higher annual energy production and gives BTI Energy the ability to install quality wind turbines for

Seadrill purchases the ultra-deepwater drillship "West Polaris"
Dec 31, 2014
Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited (Ship Finance). The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options commencing in 2012.

BG Group loads first LNG cargo from QCLNG project in Australia
Dec 30, 2014
BG Group has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since 28 December. The vessel being loaded is the Methane Rita Andrea. The second cargo of LNG from the facility will be loaded onto the Methane Mickie Harper which is expected in Gladstone in the first week of January.

Golar LNG signs Heads of Agreement in Cameroon
Dec 29, 2014
Golar LNG Ltd has signed a Heads of Agreement (the "HOA") with Societe Nationale de Hydrocarbures (SNH) and Perenco Cameroon (Perenco) for the development of a floating liquefied natural gas export project (the "Project") located 20km off the coast of Cameroon and utilizing Golar's floating liquefaction technology (GoFLNG).

BG Group agrees sale and charter of LNG vessels
Dec 25, 2014
BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and eleven years with further options to extend the term for each vessel by either three or five years.

Lundin Petroleum completes the Storm exploration well, offshore Norway
Dec 24, 2014
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has completed the drilling of wildcat well 33/2-1 on PL555.

Premier completes the sale of its non-operated interests to MOL Group
Dec 23, 2014
Premier Oil provides an update in relation to two previously announced asset sales which have now completed. The combined cash consideration of the two transactions is $147.5 million. Premier has completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 million

Statoil awards Mariner drilling and well services contract to Schlumberger Oilfield UK
Dec 22, 2014
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, new procurement approach, where the supplier will work as an integrated part of the Statoil team delivering most of the drilling and well services on the Mariner field,” says managing director for Statoil Production UK, Gunnar Breivik.

Shell agrees to sell downstream businesses Norway to ST1
Dec 19, 2014
Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell's aviation business in Norway will become a 50-50 joint venture with ST1. The sale is subject to regulatory approval and is expected to be completed in 2015.

Subsea 7 S.A. awarded an installation contract in the US Gulf of Mexico
Dec 18, 2014
Subsea 7 S.A. has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico.

GSM Module adds least cost data routing to new RockFLEET Global Vessel Tracking System
Dec 17, 2014
A new GSM module developed for the recently launched RockFLEET vessel tracking system introduces least cost routing functionality via terrestrial networks, giving users the opportunity to transmit position data via Iridium globally and switch to terrestrial networks when in range. With user-definable position reports or short text messages from anywhere in the world costing as little as £0.03, RockFLEET is already a highly

Cargotec's MacGregor signs contract with Kleven Shipyard for six new anchor handlers
Dec 16, 2014
MacGregor, part of Cargotec, has received a major order from Kleven in Norway for six comprehensive deck handling equipment packages. They will be installed on six new-generation Anchor Handling Tug Supply (AHTS) vessels for Maersk Supply Service. MacGregor's delivery of Triplex and Hatlapa products

BP commences at the Sunrise Phase 1 in-situ oil sands project
Dec 15, 2014
BP confirmed that operations have started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada, with the start of steam generation. Husky Energy is the operator of Sunrise, a 50/50 joint venture with BP. Sunrise is being developed using steam assisted gravity drainage (SAGD), oil well technology which warms the underground bitumen (heavy oil) layers

Wood Group secures major BP contract
Dec 12, 2014
Wood Group has been awarded a five year contract with an estimated value of $750million from BP. Under the contract Wood Group PSN (WGPSN), will deliver engineering, procurement and construction services to six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth.

Ineos brings DNV GL’s Synergi software to Antwerp plant
Dec 11, 2014
Ineos, one of Europe’s principal petrochemicals producers, has awarded a significant contract to DNV GL to provide installation, configuration, training, testing and commissioning of Synergi Plant software for asset integrity management at the Ineos Manufacturing Belgium NV plant in Antwerp.

Statoil adds permits to New Zealand portfolio
Dec 10, 2014
Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio. The permits are awarded by the New Zealand government through the 2014 Block Offer. Statoil participates in three blocks in the East Coast and Pegasus basins as a partner,

Petrobras adopts Reflex Marine’s Frog-6 for safer personnel transfer
Dec 9, 2014
Reflex Marine has supplied two six-person FROGs to Brazil’s national operator Petrobras. The sale follows Reflex Marine’s certification by Brazil’s Directoria de Portos e Costas (DPC) and will place Petrobras as leading the way in improving the safety of offshore operations in the region.

Statoil extending rig suspensions
Dec 8, 2014
Due to overcapacity in the rig portfolio the suspension periods for COSL Pioneer, Scarabeo 5 and Songa Trym have been extended.The suspensions are also a result of the failed attempts to mature alternative tasks for the rigs. “When the rig contracts were signed it was challenging to ensure sufficient rig capacity. Today the activity is facing lower margins, a generally high cost level and subsequent lower profitability.

DNV GL JIP urges natural gas industry to 'be ready for hydrogen'
Dec 5, 2014
Transmission and distribution system operators (TSOs and DSOs) in the natural gas sector are under increasing pressure to reduce CO2 emissions and increase access to the natural gas infrastructure for renewable gases. However there are currently no existing guidelines for the preparation of these networks for the injection of hydrogen produced from renewable sources.

First oil from Gulf of Mexico Jack/St. Malo project
Dec 4, 2014
Oil and natural gas production started from the partner-operated Jack/St. Malo project in the US Gulf of Mexico. Statoil’s expected production from the combined fields is 23,000 barrels of oil equivalent per day at peak production.The Jack/St. Malo project in the US Gulf of Mexico is the first of five major Statoil US offshore fields that will begin production over the next few years.

Energy Institute creates new award to honour Aberdeen energy services firm
Dec 3, 2014
A new award has been created to honour Aberdeen-headquartered oil and gas asset specification, hotelkeeping and catering company Trinity International Services' support for the Energy Institute. The leading independent contractor was presented with the Award of Counsel in recognition of its outstanding commitment to the energy sector, including a 25-year association with one of the most important dates in the Energy Institute's annual calendar of events.

New DNV GL recommended practice for subsea lifting
Dec 2, 2014
The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a

Rock Seven introduces RockFLEET Vessel Tracking System
Nov 28, 2014
Rock Seven has introduced a new Machine-to-Machine (M2M) data communication module for its RockFLEET vessel tracking system. The module adds new possibilities for improving vessel operations through the use of data to i.e. reduce fuel consumption or enhance equipment maintenance processes.