Fossil Energy
Aker Solutions awarded 5-year Johan Sverdrup work
Aker Solutions will provide engineering, procurement and management assistance (EPMA) services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea. The EPMA work, valued at NOK 4.5 billion ($586.7 million), is part of a 10-year framework accord announced in D
Nine new blocks for Det norske. Two as operator
Norwegian oil company Det norske oljeselskap ASA has been offered nine new licenses, with two new operatorships in the Norwegian part of the North Sea, in the Awards in Pre-defined Areas (APA) 2014. The Ministry of Petroleum and Energy yesterday announced the awards of new licenses in mature areas o
PSA: Statoil needs to improve workers’ participation (Norway)
Between September and December 2014, the Petroleum Safety Authority (PSA) Norway has carried out an audit of improvement activities within Statoil and the company’s arrangements for employee participation. The audit showed that Statoil’s involvement of its employees was not in compliance with regula
Statoil pleased with new offshore blocks
In the Awards in Predefined Areas 2014, Statoil has been awarded interests in 15 licences on the NCS, 8 of those as operator. Today, the government has also announced the blocks in the 23rd concession round. “These are very positive news for Statoil and the whole industry. Access to new quality acre
Eni nets two Norway licences
Eni Norge has been awarded two licenses as part of the APA 2014 – Awards in Pre-Defined Areas. Following the award, Eni Norge is now operator in PL 806 in the Barents Sea, with a share of 40 per cent, while E.ON E&P, Edison International and Petoro are partners with 20 per cent respectively. In [&he
Schlumberger buys stake in EDC for $1.7 billion
Schlumberger, the world’s largest provider of oilfield services, will buy interest in a Russian drilling contractor Eurasia Drilling Company Limited (“EDC”). Under the agreement, the principal shareholders of EDC will take the company private. Upon delisting of the company from the London Stock Exch
Norway hands out 54 exploration blocks
The Norwegian Government has today offered ownership interests in 54 new production licences in connection with the Awards in Pre-defined Areas 2014 (APA 2014). Forty-three different companies are offered ownership interests in the licensing round. “Today’s award of new exploration acreage provides
STATS Group secures cash for international expansion
STATS Group, the Aberdeenshire-based oil and gas pipeline engineering specialist, is preparing for further international expansion after securing an additional £4.3 million ($6.5 million) investment from the Business Growth Fund (BGF). The management team behind STATS has also invested more money in
Bilfinger wins deals with Taqa, Apache
Energy services firm Bilfinger Salamis UK, has won new contracts with a combined total value of over £100million. Bilfinger Salamis UK has been awarded the contracts from clients including Apache and Taqa Bratani in the last three months. The company, part of Bilfinger’s Oil and Gas division, will b
Huntington’s restricted output extended
Norwegian Energy Company ASA (Noreco) has informed that production from the Huntington field, located in the UK North Sea, will continue at restricted rates until the end of February at the earliest. The company says that normal operations of the CATS gas transport system, which indirectly restricts
Kvaerner confirms Johan Sverdrup jacket job
Norway’s Kvaerner has today signed the final contract for delivery of the steel jacket substructure for the riser platform at the Johan Sverdrup field. Since the letter of intent for the delivery was signed in June 2014, Kvaerner has detailed out and confirmed a range of improvements to cost levels
New CFO for Wood Group PSN
Steve Nicol has been appointed as chief financial officer (CFO) of Wood Group PSN (WGPSN) effective February 2015. According to the press release, Steve Nicol moves into the role from his previous position as CFO of WGPSN’s UK operations. Nicol succeeds David Kemp in the role of CFO of WGPSN. Kemp w
Lundin: Senior VP Development steps down after 12 years in company
Lundin Petroleum’s Senior Vice President Development Chris Bruijnzeels will step down at the end of January 2015 following 12 years with the company. Bruijnzeels has worked in various technical, commercial and managerial positions within the Company since 2003 and has been Senior Vice President for
Statoil: ‘West Epsilon’ for Gudrun drilling
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to use West Epsilon rig for production drilling on the Gudrun field located in the North Sea. Gudrun is 50 kilometres north of the Sleipner Øst and Sleipner Vest fields. Water depth is around 110 metres. Gudrun has been de