Fossil Energy
Subsea 7 extends option for Skandi Seven
Subsea 7 has exercised the final extension option on the vessel Skandi Seven. Subsea 7 has exercised the final extension option on the vessel Skandi Seven, and the vessel is firm from April 2015 until end March 2017. Skandi Seven is designed as a vessel for world wide operations. Skandi Seven is a c
Atea wins three year contract with Statoil
Atea AS signs an agreement with Statoil to deliver network products and support to Statoil worldwide. The agreement is valid for 3 years with an option for 2 more years. Estimated annual contract value is NOK 50 million ($8.34 M). The agreement includes delivery of network products, both hardware an
Havyard-designed PSV hull all set for outfitting
Extensive research is behind Havyard`s PSV WE (Wave Edition) design. The first hull of this characteristic design arrived to Havyard`s shipyard in Leirvik this week for further outfitting. After four weeks towing from Turkey, Havyard`s newbuild 120 «Polarsyssel», arrived to the shipyard in Leirvik t
Europe’s energy policy needs to change, says Statoil VP
There is a pressing need to change Europe’s energy policy framework to make it more predictable and market oriented. This was a key message conveyed by Statoil natural gas senior vice president Rune Bjørnson at a conference in Brussels earlier this week. Statoil is the second-largest supplier of gas
Big job boom expected in North Sea. SNP throws Scottish independence card
The SNP, a social democratic political party committed to Scottish independence, today welcomed an extensive survey of companies in the North Sea oil and gas sector expecting to create up to 39,000 jobs over the next two years. The survey commissioned by the Bank of Scotland, found expectations of e
Kvaerner completes Edvard Grieg jacket
Norwegian fabrication company Kvaerner on Wednesday celebrated the completion of the jacket, which is a part of Lundin Petroleum-operated Edvard Grieg project, at its yard in Verdal. Following the tradition the jacket got a symbolic name based on historical Norwegian culture. According to Kvaerner’s
Noreco’s Director calls it quits
Norwegian Energy Company has announced that the Director David Gair has given notice of his resignation from the Board of Directors of Noreco for personal reasons, effective 25 April 2014. David Gair was a Director independent of the largest shareholders. In consultation with the company’s Nominatio
3sun Group completes full life cycle project for North Sea player
3sun Group, a specialist provider of products and services to the global energy industry, has successfully completed a full life cycle project for a North Sea oil and gas exploration and production company, worth more than £1million. The client’s topside system posed a significant challenge as the a
‘Tor Viking’ charter contract cancelled
Sweden’s Viking Supply Ships A/S (VSS) announces that the charter agreement for “Tor Viking” has been cancelled. The charter agreement was for the 2014 and 2015 seasons in sub-Arctic waters with options for 2016 and 2017. The duration of each season is approximately 7 months including mobilization a
Siemens’ technology for South Stream pipeline
South Stream Transport contracted Siemens AG to provide electrical and instrumentation systems for the South Stream Offshore Pipeline. The German company will deliver telecommunication equipment and local control systems for the Russian and Bulgarian landfall as well as the Central Control Room and
Huntington, Nini fields keep Noreco’s production stable
Norwegian Energy Company (Noreco) in March 2014 produced 8 615 barrels of oil equivalents per day (boepd) on average. Net realised prices in March were USD 98.3 per barrel of oil equivalents (USD 105.7 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the first quarter 2014
Rolls-Royce design for wave piercing offshore vessel
The vessel is designed to pierce through the waves under harsh weather conditions, making it possible to keep a more constant speed, reduce the use of fuel and increase on board safety.
Technip, Sevan Marine agree Kanfa transaction
Sevan Marine ASA has on April 3 entered into an agreement with Technip Norge AS (“Technip”), a wholly owned subsidiary of Technip S.A, regarding the sale of 49.0% of the shareholding in KANFA AS (“KANFA”). The parties have agreed not to disclose the purchase price at this point in time. Upon complet
AGR Enhanced Drilling changes name
Offshore technology provider AGR Enhanced Drilling has announced it is changing its name as of tomorrow, April 4, to Enhanced Drilling. The move comes after last year’s legal demerger from AGR Group. At that time, the website enhanced-drilling.com was established with its focus on the solutions and