Trelleborg, through its Trelleborg Engineered Systems business area, has signed an agreement to acquire PPL Polyurethane Products Ltd., which has annual sales of approximately SEK 90 M and about 90 employees. PPL Polyurethane Products is based in the UK and develops, manufactures and markets a broad
Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011. Sven Børre Larsen (born 1976) was most recently CFO of Prosafe Production Pte Ltd, and has pri
Petro-Canada Norge AS, operator of production licence 375, has completed the drilling of appraisal well 34/4-13 S. The purpose of the well was to delineate the oil discovery in 34/4-11, proven in 2010. The well was drilled about 15 kilometres northwest of the Snorre field in the North Sea. The purpo
EnCore Oil plc announces that the Varadero exploration well 28/9-2 in Central North Sea block 28/9 was spudded at 21.45 hours on Saturday 18 December 2010. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being managed by Applied Drilling Technol
Oil accidents prompt Danish industries and research to cooperate on new groundbreaking sonar technology. For the first time ever it will be possible to get a detailed picture of oil in the water column and on the seafloor. The technology will be able to prevent fatal environmental disasters caused b
Ulstein Verft is contracted to build two medium-sized platform supply vessels of Ulstein´s PX121 design for a newly established company in Ulstein Group. The vessels will be delivered in Q1 and Q3 2012. “We have analyzed the market to make the right choices for Ulstein Group. We strongly believe tha
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the Company has completed a transaction to acquire certain UK North Sea gas interests
Petrofac, the international oil & gas facilities service provider, issues the following pre-close trading update ahead of the announcement of its audited results for the year ending 31 December 2010, expected to be on 7 March 2011. * Net profit for the year expected to be in line with expectations f
Valiant Petroleum plc to announce that it has completed the refinancing of its existing senior and subordinated debt facilities into a five-year, US$335 million Senior Secured Borrowing Base Facility (the “Facility”) after receiving credit approved commitments in excess of US$400 million. The transa
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 6305/9-2, cf. Section 8 of the Resource Management Regulations. Wellbore 6305/9-2 will be drilled from the Aker Barents drilling facility (photo) at position 63°26’ 51.86”N and 5°54’ 53.37”E fol
Statoil Petroleum AS, operator of production licence 269, has completed the drilling of wildcat well 35/1-2 S. The well was dry. The well is located about twelve kilometres west of the earlier Peon discovery in the North Sea. The purpose of the well was to prove petroleum in early Jurassic reservoir
FMC Technologies, Inc. announced today that it has signed an agreement with Norske Shell for the manufacture and supply of subsea production equipment for the Ormen Lange development project in the North Sea . The award has a value of approximately $95 million in revenue. FMC’s scope of supply inclu
On 15 December Statoil signed an agreement with Marathon to acquire their 20% interest in the Gudrun project, and their 12.5% interest in the Eirin discovery in the Sleipner area. Statoil increases its holding from 55% to 75% in production licences 025 and 187 in the North Sea. The licences cover th
SeaEnergy PLC is pleased to announce that its 80% subsidiary SeaEnergy Renewables Limited (SERL) has signed an Interim Development Agreement (IDA) with The Crown Estate regarding certain Inch Cape wind farm development activities. The IDA formalises the Heads of Terms agreement announced in Septembe
