Leading international oilfield services company Expro announces today the introduction of a new Power Relief Valve (PRV) system which reduces the man hours and rig down-time historically associated with operating and maintaining traditional mud pump relief valves and systems. Known as the PRV MAX, t
GAC Norway has welcomed the TransAtlantic ice-breaking Anchor Handling Tug Supply (AHTS) ‘Tor Viking II’ to Hammerfest after its transit of the ice-bound North East Passage, under a new agency agreement that brings together two companies with plans for Arctic expansion. Berthing at the northern Norw
THE MONEY the Royal family receives from offshore wind farms will be capped, the Treasury has said, following reports that its income could… [mappress] Source: The Daily Telegraph, January 24, 2011
The 4th edition of Navingo’s Offshore Energy Exhibition & Conference will move to Amsterdam RAI. Offshore Energy 2011 will take place on 11 and 12 October 2011. The event will now include one extra day. The extra day has a lot to offer visitors and exhibitors alike. Visitors will not have to miss an
The launch ceremony for the 30,000m³ trailing suction hopper dredger CONGO RIVER took place on 21 January 2011 at the IHC Merwede shipyard in Krimpen aan den IJssel, The Netherlands. IHC Merwede is building the impressive ship for the DEME Group and the CONGO RIVER is one of the largest ships in the
Wood Mackenzie’s latest analysis of the UK upstream oil and gas industry finds that the steady recovery seen in 2010 will continue in 2011. Returning confidence will see capital investment nearly double from £4.4 billion in 2010 to £7.7 billion ($12.3 billion) in 2011, leading to a temporary halt in
The status of the Nord Stream Pipeline construction and the considerations of the Szczecin and Swinoujscie Seaports Authority regarding deepening and expanding the ports and its approaches were the focal point of a meeting between Nord Stream representatives and a delegation of the Seaports Authorit
Eni signed a Memorandum of Understanding today with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opportunities to the benefit of both parties in China and internationally. In particular, the com
Today, 21 January, the licensees in Visund South submitted a plan for development and operation (PDO) to the Ministry of Petroleum and Energy. Production start-up is scheduled for the third quarter of 2012. Visund South, which consists of the Pan and Pandora discoveries, is located 10 kilometres fro
Cameron has received a contract valued at approximately $90 million from Statoil for the provision of high temperature, high pressure (HPHT) surface wellhead and Christmas trees for the Norwegian Gudrun platform with further options for the Valemon and Brynhild platform developments. The seven-year
For some days in early January three newbuildings for K Line Offshore AS were berthed at STX Brevik-yard. On 13th January KL Brisfjord was successfully delivered. The vessel has a deadweight of 5.185 T and cargo deck area of 1.100 m2. KL Brisfjord is flying NOR-flag and is currently in Bergen for tr
Valiant Petroleum plc (“Valiant”) announces that its Don Southwest ‘E’ Panel exploration well (211/18a-S7) has reached total depth of 11,540 TVDSS feet (3,517 metres) and has encountered a hydrocarbon bearing Brent sand formation indicating a gross recoverable accumulation of 5-7 million barrels of
Further to yesterday’s announcement of the contemplated initial public offering (IPO) of Aker Drilling, the company wishes to inform that Arctic Securities, DnB NOR Markets, Pareto Securities and RS Platou Markets have been retained as financial advisors and facilitators of the IPO on Oslo Stock Exc
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for well 6508/1-2, cf. Section 8 of the Resource Management Regulations. Well 6508/1-2 is scheduled to be drilled from the drilling facility Aker Barents in position 65o 55’50.28″ north and 08o 01’52.78″ eas
