Search results for: Point Resources

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A list of search results

  • 18 January 2016
    Business & Finance

    Norway-based investment fund HitecVision has merged three oil companies it manages through private equity funds to form a mid-sized independent oil company focused on the Norwegian Continental Shelf. Pure E&P AS (previously Rocksource), Spike Exploration AS, and Core Energy AS will be consolidated to create Point Resources. HitecVision said the funds from the three companies would jointly invest […]

  • 1 June 2016
    Business & Finance

    Norway-based investment fund HitecVision has announced that the merger between its portfolio companies Core Energy, Spike Exploration and Pure E&P has been completed, and the new company Point Resources is formally established and operative.  HitecVision in January announced the merger of its portfolio three companies to form a mid-sized independent oil company focused on the Norwegian Continental Shelf. CEO Roar […]

  • 3 November 2017

    Oil firm Point Resources has closed its acquisition of the ExxonMobil-operated Balder, Ringhorne, Ringhorne East, Jotun, and Forseti fields on the Norwegian Continental Shelf (NCS).

  • 7 March 2018
    Business & Finance

    Norwegian engineering company Apply Sørco has signed a frame agreement with Point Resources to EPCI services in Norway.

  • 7 September 2018
    Operations & Maintenance, Project & Tenders

    Aker Solutions has informed that Point Resources has executed the remaining part of the option for the maintenance and modifications contract with the company. The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. […]

  • 29 March 2017
    Business & Finance

    Norway-based investment fund HitecVision and its portfolio company Point Resources have signed an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Exploration and Production Norway. HitecVision created its majority owned company Point Resources in January 2016 by merging three oil companies – Pure E&P, Spike Exploration, and Core Energy – to form a mid-sized independent oil […]

  • 6 September 2018
    Business & Finance

    Norwegian independent Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Norwegian oil services company Aker Solutions.

  • 10 December 2018
    Business & Finance, Research & Development

    Point Resources and Eni Norge have concluded the merger between the two companies, after receiving appropriate approvals. The two companies have joined forces to create Vår Energi, with a new organisation of about 800 employees. Vår Energi is an independent exploration and production (E&P) company, with a net production rate of more than 170 000 barrels […]

  • 31 October 2018
    Business & Finance

    Norwegian shipping company DOF has won a new contract for one of its platform supply vessels.

  • 13 November 2018
    Infrastructure, Project & Tenders

    Point Resources expects to sanction its Balder X project located offshore Norway next year and deliver first production in 2021. 

  • 4 January 2018
    Operations & Maintenance

    Statoil, Gassco and Point Resources have received consent from Petroleum Safety Authority (PSA) Norway for manned underwater operations in 2018. Statoil has signed framework agreements with Technip and Subsea 7 on the performance of manned underwater operations in 2018. Through a pool agreement, Point Resources and Gassco also wish to make use of the framework […]

  • 19 September 2018
    Business & Finance

    Norwegian shipowner Simon Møkster Shipping has entered into a one-year charterparty contract with oil firm Point Resources.

  • 7 November 2018
    Business & Finance

    CHC Group has signed a three-year contract with Point Resources, providing aviation services to the company’s operated Balder, Ringhorne and Jotun fields in the Norwegian North Sea.

  • 16 April 2018
    Business & Finance

    KCA Deutag has been granted an extension to its current drilling contract on the Ringhorne platform off Norway by operator Point Resources. 

  • 7 March 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Stavanger-based Apply Sørco has signed a frame agreement with Point Resources to provide engineering, procurement, construction and installation (EPCI) services. The agreement has a duration of 5 years, plus options, and the first task include work scope associated with the upgrade of drilling systems prior to the forthcoming drilling campaign at the Ringhorne platform, with […]

  • 10 December 2018
    Business & Finance

    Oil companies Point Resources and Eni Norge have completed the merger, and have as a result established a company named Vår Energi, dubbed Norway’s largest independent E&P company

  • 3 July 2018

    The PSA has found serious breaches of regulations during an investigation of a lifting incident involving a falling object on the Jotun B platform.

  • 31 October 2017

    Oil firm Point Resources has received consent from the Petroleum Safety Authority (PSA) for the use of facilities at Balder, Ringhorne, Ringhorne Øst, and Jotun fileds off Norway following a change of operator. The PSA said on Tuesday that it gave the current operator Point Resources consent to use the facilities it took over from […]

  • 4 January 2018

    The Petroleum Safety Authority has given consent to Statoil, Gassco, and Point Resources for manned underwater operations in 2018.

  • 17 September 2018

    The safety watchdog has completed its investigation of an incident involving a dropped object on the Jotun B platform

  • 24 July 2018

    Norwegian offshore safety body has found several non-conformities and improvement points during an audit of Point Resources’ Ringhorne platform.

  • 2 July 2018
    Business & Finance

    Italy-based energy company Eni and private equity investor HitecVision have made an agreement to merge Point Resources into Eni Norge and rename the company Vår Energi.