10000 results found for 'Norwegian Sea'

10000 results found for 'Norwegian Sea'
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  • Equinor buying Suncor’s UK assets for $850 million

    3 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has inked an agreement to acquire Suncor Energy UK Limited, a subsidiary of Canada’s Suncor, for a total consideration of $850 million.

  • Kvaerner dismisses corruption claims

    5 April 2016

    Following recent reports of Kvaerner’s involvement in a major international oil industry corruption scandal including Monaco-based company Unaoil, the Norwegian company has denied the allegations.  In a statement on Tuesday, Kvaerner said: “Media has brought forward allegations about Unaoil’s business practices as a supplier to a number of companies, including Aker Kvaerner. Kvaerner believes that its project execution […]

  • Statoil Awards Asgard Contract (Norway)

    1 December 2010
    Project & Tenders

    Statoil has awarded the contract for the design and construction of the Åsgard subsea gas compression to Aker Solutions. The contract is worth an estimated NOK 3,4 billion. In October 2010 the Åsgard licence decided to go ahead with its concept involving gas compressors installed on the seabed, so-called subsea gas compression. Åsgard may be […]

  • AIS’ Survival Training Centre Open, UK

    16 July 2014
    Business & Finance, Research & Development

    AIS’s brand new £2.5m state-of-the-art offshore survival training centre has opened its doors for business on North Tyneside. The new 20,000 sq ft centre is located beside AIS existing world-class 120,000 sq ft training village in North Shields, comprising of 11 bespoke centres. Approved by industry bodies including OPITO (Offshore Petroleum Industry Training Organisation), the […]

  • Ithaca secures access to Norpipe pipeline for Stella

    22 June 2016
    Project & Tenders

    Ithaca Energy has secured access to the Norpipe oil pipeline system allowing oil exports from the Greater Stella Area (GSA) development, in the UK North Sea, to transfer from tanker export to pipeline export during 2017.  Following Petrofac’s progress report on Tuesday regarding the sail-away of the FPF1 production platform meant for the GSA, Ithaca Energy, the […]

  • Subsea 7 Delivers Strong Operational Performance

    5 March 2014
    Business & Finance

    Subsea 7 has announced results for the fourth quarter and the full year which ended on 31 December 2013.  Full year 2013 Jean Cahuzac, Chief Executive Officer said: “In 2013, Subsea 7 delivered strong operational performance through successful execution across its business portfolio, with the exception of the Guará-Lula NE project in Brazil. “Revenue for […]

  • Norway: Statoil Delivers Strong Third Quarter Results

    26 October 2012
    Business & Finance, Operations & Maintenance

    Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same period last year, and […]

  • Lebanon approves 2nd offshore licensing round

    8 April 2019

    Lebanon has approved the launch of the second offshore licensing round and has invited companies to submit bids for the available acreage.

  • USA: Gulfmark Offshore Announces 3Q 2010 Operational Results

    27 October 2010
    Business & Finance

    GulfMark Offshore, Inc. today announced the results of operations for the three- and nine-month periods ended September 30, 2010. For the three months ended September 30, 2010, revenue was $94.5 million. Net income for the same period was $19.2 million, or $0.75 per diluted share. The results for the quarter ended September 30, 2010, include […]

  • Controversial Bay du Nord oil project awaits outcome of court challenge

    16 March 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this challenge and its impact on the project will be known once the court’s decision is revealed.

  • Kystverket Invites Bids for Kvalsundet Dredging

    22 January 2016
    Business & Finance

    The Norwegian Coastal Administration – Kystverket has invited bidders to submit their offers for the Kvalsundet channel deepening project in Tromsø. Kvalsundet is a strait in the municipality of Tromsø in Troms, Norway. The strait has a length of about twenty kilometers and separates the island of Kvaløya from Ringvassøya. The contract will include deepening of four areas in […]

  • Equinor, Vår Energi to support subsea multiphase pump development

    25 August 2022
    Business Developments & Projects, Research & Development, Technology

    Norwegian oil and gas producers Equinor and Vår Energi have joined FASTSubsea’s program to develop and test a low-cost topside-less subsea multiphase pump, a project also supported by Malaysian operator Petronas. Under the agreement, Equinor and Vår Energi will support the development and testing program with funding and end-user expertise. In return, the operators get […]

  • Magseis Strengthens Its Team

    27 February 2018
    Business & Finance

    Norwegian seabed seismic services player Magseis has strengthened its team with several new appointments. Tom Henrik Sundby has accepted the position as CFO and will join Magseis in April 2018, the company informed. Sundby has more than 25 years’ experience in finance and management roles most recently as finance director of BerGenBio. Previously, he was based in […]

  • Aker Solutions Posts Profit Drop

    15 July 2015
    Business & Finance, Equipment, Operations & Maintenance

    Aker Solutions has seen its profit decline in the second quarter on MMO overcapacity, lease costs and lower demand for subsea services in the North Sea. The company generated revenue of NOK 8 billion in the second quarter of 2015 compared with NOK 8.1 billion a year earlier, due to projects in Africa, Norway and Brazil. However, […]

  • Statoil postpones Johan Castberg and Snorre 2040

    6 March 2015
    Exploration & Production, Project & Tenders

    Statoil has informed that the licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. “Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them,” says Ivar Aasheim, Statoil’s senior […]

  • South East Asia nations to approve development of 50 O&G fields through 2020

    26 January 2018

    These fields will require $28 billion of capex from final investment decision (FID) to first production.

  • Norway: Rolls-Royce Secures Order for Two NVC 405 Cargo Vessels

    3 October 2011

    Rolls-Royce, the global power systems company, has received its first order for vessels based on the Group’s award-winning, highly efficient, Environship concept. Rolls-Royce will design and provide integrated power and propulsion systems for two technologically advanced cargo vessels, which have been purchased by Norwegian transportation company, Nor Lines AS. These highly efficient ships incorporate a […]

  • GE to Upgrade Troll B Subsea Production Control System

    14 January 2014
    Business & Finance

    Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS  with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the life of the subsea production control system for the Troll B field. GE Oil & Gas designed, built and […]

  • Top News of the Week of Sep 02 – Sep 08, 2013

    8 September 2013
    Business & Finance

    1. DOF Subsea Rederi Sells Skandi Bergen Vessel DOF Subsea Rederi AS, an entity in the DOF Subsea Group, has entered into an agreement where the vessel Skandi Bergen is sold to an international buyer. 2. GE Oil & Gas Launches New Subsea Manifold Design and Delivery Strategy Facing a surging global demand for critical […]

  • GE to Upgrade Subsea Production Control System for Troll B Field

    14 January 2014
    Equipment, Project & Tenders

    Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the life of the subsea production control system for the Troll B field. GE Oil & Gas designed, built and […]

  • Norway: Aker Solutions Cultivates its Core Businesses

    9 December 2010
    Business & Finance

    International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets. The new strategic direction, which will be announced at the company’s capital markets day in Oslo today, is the conclusion […]

  • UK: SeaHold GEOSHIPS Takes Delivery of MPSV Loch Roag

    18 April 2012

      SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, has taken delivery of its second multi-purpose support vessel (MPSV) on a contract valued at over £30 million, following a successful year for its current vessel, the Stril Explorer. Formed in 2003, Aberdeen-based GEOSHIPS will manage and crew the MPSV Loch Roag vessel, which […]

  • The Effect of Greenhouse Gas Emissions on Marine Habitats and Organisms

    23 October 2013
    Business & Finance, Operations & Maintenance, Research & Development

    An ambitious new study that includes Lisa Levin and Ben Grupe of Scripps Institution of Oceanography at UC San Diego describes the full chain of events by which ocean biogeochemical changes triggered by manmade greenhouse gas emissions may cascade through marine habitats and organisms, penetrating to the deep ocean and eventually influencing humans. Previous analyses […]

  • PXGEO books Eidesvik’s Subsea Viking

    2 March 2022
    Business & Finance, Business Developments & Projects, Operations & Maintenance, Vessels

    Norwegian offshore vessel owner Eidesvik Offshore has won a contract by PXGEO UK for Subsea Viking under the master time charter agreement. The contract will commence ultimo April in direct continuation of the existing standby contract. The firm period is for 100 days with options for extensions. In March 2021, Eidesvik’s Subsea Viking secured a […]

  • DNO launches hostile takeover bid for Faroe Petroleum

    26 November 2018
    Business & Finance

    Norwegian oil and gas operator DNO has launched a takeover bid for Faroe Petroleum, an oil company focused on the North Sea oil and gas exploration and production.