8118 results found for 'Maersk Oil'

8118 results found for 'Maersk Oil'
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  • Johan Sverdrup resource estimate unchanged after appraisal well drilled

    3 February 2017
    Exploration & Production

    Norway’s Statoil has completed drilling of an appraisal well on the Johan Sverdrup field in the Norwegian section of the North Sea. The 16/2-22 S well, located at the field some 155 kilometers northwest from Karmøy, was drilled approximately two kilometers northwest of appraisal well 16/2-9 S. The objective of the well was to prove […]

  • Subsea in September

    7 October 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of September was underlined by the news that SURF contractor Ceona has gone into administration, making over 100 people redundant. We saw companies further adjusting to challenging market, implementing staff cuts and pulling out vessels from operations. Nevertheless, some major contracts have […]

  • Denmark: Maersk Group’s Businesses in 3rd Q Performed Well and Delivered Good Returns

    9 November 2011
    Business & Finance

    The Group’s profit was USD 371m (USD 1,671m) and return on invested capital (ROIC) was 4.8% (15.7%). Cash flow from operating activities was USD 2.1bn (USD 3.0bn). The majority of the Group’s businesses performed well and delivered good returns. The Group’s container and tanker activities continued to face difficult markets due to excess supply of […]

  • New milestone for TotalEnergies’ North Sea field revival project

    10 June 2025
    Business Developments & Projects, Exploration & Production

    Members of the Danish Underground Consortium (DUC), comprising TotalEnergies EP Denmark, BlueNord, and Nordsøfonden, have crossed the well completion test milestone off their list for the natural gas redevelopment project in the Danish sector of the North Sea.

  • Johan Sverdrup Template in Place

    13 August 2015
    Business & Finance, Equipment, Operations & Maintenance

    The first piece of the Johan Sverdrup development has now been completed and installed on the field in the North Sea. The Heerema Marine Contractors’ crane vessel “Thialf” completed the installation of the 280-tonne pre-drilling template on the Johan Sverdrup field. “We have completed and installed the first piece of one of the largest industrial projects […]

  • EMGS Revenues Drop in Third Quarter 2013

    14 November 2013
    Business & Finance, Operations & Maintenance

    Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 23.6 million in the third quarter 2013, down from USD 44.4 million in the previous quarter and from USD 43.2 million in the third quarter last year. Contract sales totalled USD 21.5 million, while multi-client sales came in at USD 2.1 million this quarter. The reduction in […]

  • EMGS Disappointed by Multi-Client Sales in 3Q

    14 November 2013
    Business & Finance

    Electromagnetic Geoservices ASA  (EMGS) reported revenues of USD 23.6 million in the third quarter 2013, down from USD 44.4 million in the previous quarter and from USD 43.2 million in the third quarter last year.   Contract sales totalled USD 21.5 million, while multi-client sales came in at USD 2.1 million this quarter. The reduction […]

  • Maersk Decom Gets Tullow Oil Contract

    27 February 2020
    Operations & Maintenance, Project & Tenders

    Maersk Decom has received a contract to provide complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania. This is the first project where Maersk Decom will provide an end-to-end plugging and abandonment solution under one single contract, the company said. The solution bundles project management, engineering and planning with the execution […]

  • Ithaca Energy Announces UK Exploration Portfolio Farm-Out Transactions

    23 September 2013
    Business & Finance, Operations & Maintenance

    Ithaca Energy Inc. announces further UK exploration portfolio farm-out transactions. When combined with the previously announced UK farm-outs the Company is now fully carried for the forecast cost of drilling the UK exploration well commitments transferred as part of the Valiant Petroleum plc (“Valiant”) acquisition and in addition will receive over $8 million in cash […]

  • Oil & Gas UK: M&A to continue in 2018, but won’t reach 2017 levels

    20 March 2018

    In its 2018 Business Outlook, Oil & Gas UK looked at the big mergers and acquisitions in the past year.

  • Noreco names new chief financial officer

    6 August 2019
    Business & Finance

    Norwegian Energy Company (Noreco) has appointed a new chief financial officer (CFO) of the company. 

  • Innovation Key to Combat Geological Challenges in Denmark’s Quest for Oil

    13 May 2014
    Business & Finance

    A billion kroner fund (approx USD 184.1 million) from the Danish Underground Consortium (DUC) will target future oil and gas production from the Danish North Sea and potentially create research opportunities for up to 100 scientists. Based at Denmark’s Technical University (DTU) in Lyngby, the new Hydrocarbon Research and Technology Centre will be headed by […]

  • UK: RBG Wins Contracts Worth USD 242 Mln in February. Sets Monthly Record

    10 March 2011
    Business & Finance

      RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a number of major Operators to be delivered over the next few years. RBG had a record month of contract wins in February, […]

  • Report: Maersk, Dong discuss oil merger

    29 November 2016

    Denmark’s A.P. Moller-Maersk and Dong Energy are reportedly in talks to merge their oil and gas operations. Reuters reported on Monday, citing sources familiar with the matter, that the deal would create a business worth over $10 billion, including debt. The news agency also informed Maersk is working with Bank of America while J.P. Morgan […]

  • Kvaerner and Dragados Win Sverdrup Jacket Contracts

    8 October 2015
    Business & Finance, Equipment, Project & Tenders

    On behalf of the Johan Sverdrup licence, Statoil today (October 8, 2015) awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A. The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion and covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup processing […]

  • Aker Solutions on Track to Deliver First Johan Sverdrup Draft Report

    26 August 2014
    Business & Finance, Research & Development

    Aker Solutions has assembled one of its biggest engineering teams ever to deliver the initial plans for the engineering and design phase of the giant North Sea Johan Sverdrup oil deposit. The company is on track to deliver the first draft report due in the fourth quarter, a project that has involved 400 employees in […]

  • Shipyard presses Hercules to take delivery of newbuild jack-up

    3 May 2016
    Exploration & Production

    Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, has been given a deadline by Sembcorp Marine’s Jurong Shipyard in Singapore to take delivery and pay for the jack-up rig the shipyard is building for Hercules.  The newbuild jack-up rig Hercules Highlander is scheduled to work on Maersk Oil’s Culzean field in […]

  • Samsung Heavy begins construction of Johan Sverdrup riser platform

    30 June 2016
    Project & Tenders

    Norwegian oil company Statoil on Thursday marked the start of construction of the Johan Sverdrup riser platform at the Samsung Heavy Industries yard in South Korea. Johan Sverdrup is an oil field located in the North Sea, offshore Norway. The riser platform is the largest of the four platforms constituting the Johan Sverdrup field centre. The platform will […]

  • Aker Solutions assembles huge team for giant project: Johan Sverdrup

    26 August 2014

    Norway’s Aker Solutions says it has assembled one of its biggest engineering teams ever to deliver the initial plans for the engineering and design phase of the giant North Sea Johan Sverdrup oil deposit.   The company is on track to deliver the first draft report due in the fourth quarter, a project that has […]

  • Hercules Offshore hoping for ‘material and sustained’ oil price rally

    31 March 2016
    Exploration & Production

    Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, expects, as all of its peers, a difficult business environment ahead. As it has been repeatedly but accurately said, the offshore drillers have been impacted hard by a perfect storm of low oil prices, cuts in spending by oil majors, lack […]

  • Statoil: 2400 people to work on Johan Sverdrup hook-up. First group sails away

    3 May 2018

    Statoil is starting mobilization of 2400 workers who will work on the hook-up, finalization, and eventually start-up the Johan Sverdrup field in the North Sea.

  • Contract Wins Boost RBG’s Start in 2011 (UK)

    14 March 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    RBG had a record month of contract wins in February, securing more than £150million of new work. RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a number of major Operators to be […]

  • UK: MAC Enters Worldwide Contracts Worth USD 330K in 1Q 2011

    4 May 2011
    Business & Finance

    Aberdeen-based Maritime Assurance & Consulting Ltd (MAC) has enjoyed a successful first quarter in operation, having secured worldwide contracts totalling in excess of £200,000 (329 540 U.S. dollars). MAC, which was established at the start of 2011 by Graeme Reid – the former European Managing Director of Noble Denton Consultants Ltd – provides a comprehensive […]

  • TWMA Becomes Member of Decom North Sea (UK)

    11 January 2012
    Business & Finance, Research & Development

    TWMA has become a member of Decom North Sea (DNS), the offshore oil & gas decommissioning forum. DNS has grown since its inception in 2009, to have over 160 members drawn from operators, major contractors, service specialists and technology developers. With annual decommissioning expenditure in the North Sea forecast to top £4 billion within a […]

  • Awilco earns $31.6M in 4Q, 2013

    25 February 2014

    Awilco Drilling PLC reported contract revenue of USD 61.4 million (USD 62.3 million in Q3), EBITDA of USD 40.5 million (USD 46.3 million in Q3) and net profit of USD 31.6 million (USD 36.6 million in Q3). In the fourth quarter Awilco Drilling had rig operating expenses of USD 16.3 million. General and administration expenses were USD 5.7 […]