Electromagnetic Geoservices ASA (EMGS) announces that, on the basis of the new production licences awarded to its customers in the 21st Licensing Round on the Norwegian Continental Shelf, it expects to realise uplift revenues of USD 5.4 million from the Barents Sea multi-client 3D EM campaign in 201
P/F Atlantic Petroleum announces that its wholly owned subsidiary, Atlantic Petroleum UK Limited, has signed a share purchase agreement to acquire the entire issued share capital of the UK-based private exploration company, Volantis Exploration Limited. Volantis Exploration holds equity in a total o
P/F Atlantic Petroleum announces that its wholly owned subsidiary, Atlantic Petroleum UK Limited, has today signed a share purchase agreement to acquire the entire issued share capital of the UK-based private exploration company, Volantis Exploration Limited. Volantis Exploration holds equity in a t
Oil and gas company E.ON Ruhrgas UK E&P Ltd has signed a NOK18m (£2m) deal contract with AGR to use its innovative Riserless Mud Recovery technology (RMR®) in the North Sea. The contract, which lasts until the end of March 2013, is for multiple wells on E.ON Ruhrgas’s Huntington Field in the UK sect
Following a NOK18m (£2m) deal, AGR Drilling Services has an important new client for its Riserless Mud Recovery system (RMR®). Oil and gas company E.ON Ruhrgas UK E&P Ltd has signed a contract with AGR to use its innovative RMR® technology in the North Sea. The contract, which lasts until the end of
A number of non-conformities with the regulations have been found by the Petroleum Safety Authority Norway’s (PSA) investigation into an incident on Gullfaks A where one person was injured during a lifting operation. Taking place on 28 February 2011, this incident on the Statoil-operated installatio
Lundin Petroleum AB (Lundin Petroleum) announces that drilling of exploration well 7120/2-3 in PL438 has commenced. The well will target the Skalle prospect, which is situated to the north of the Snøhvit field in the Barents Sea, offshore Norway. The main objective of well 7120/2-3 is to test Cretac
DeepOcean Group Holding AS , a new Norwegian private limited company, announced that it has commenced operations as an independent company following the successful completion of an out-of-court restructuring of the former Trico Supply Group of Trico Marine Services, Inc. . Pursuant to the out-of-cou
There has been some disinformation in the media concerning the Underwater Technology Conference and other petroleum exhibitions concentrated in Western Norway. The UTC is hosted by The Underwater Technology Foundation (UTF). The UTF was set up during the pioneering period of the Norwegian petroleum
Geo Networks (Geo), a provider of high-performance fibre networks, has signed a commercial agreement with EirGrid, Ireland’s prominent electricity system operator and developer, to provide a second fibre optic subsea cable between the UK and Ireland. This route forms the second half of the diverse f
Preliminary production figures for April 2011 indicate an average daily production of about 2 087 000 barrels of oil, NGL and condensate. This is an increase of 26 000 barrels compared to March. Gas production was about 7.4 billion Sm3, which is a decrease of 2.9 billion Sm3 compared to the previous
In the Revised National Budget, the net cash flow from the petroleum sector in 2011 is estimated to NOK 311 billion (app. USD 56.8 Billion). This is an increase of NOK 23 billion (USD 4.2 Billion) from the National Budget 2011. – The petroleum industry is Norway’s largest and most important industry
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million. The five-year deal, with options to extend by up to a further four years, involves supplying electrical equipment
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million(USD 73.2 Million). The five-year deal, with options to extend by up to a further four years, involves supplying ele
