Fossil Energy
NPD: Norwegian shelf still holds significant resources
The Norwegian Petroleum Directorate (NPD) believes that oil reserves could grow by 1200 million standard cubic metres (Sm 3 ) over the next ten years. The new target was launched when the NPD presented its resource report on 3 April. The report provides an overview of the resources in fields and dis
Det norske awards well management deal to Ross Offshore
Ross Offshore AS today announces a contract award with Det norske oljeselskap ASA (Det norske). The contract is for seven years, with three year’s firm, and two plus two years optional. The contract consists of planning and implementation work, including total well management, as part of Det norske’
Bøyla field step closer to first oil (Norway)
The development of the Bøyla Field (PL 340) located close to the Alvheim Area in the North Sea, has passed an important milestone towards first oil.
SOCO gets new CFO
SOCO announces that Anya Weaving will join the Company as Chief Financial Officer with effect from 1 May 2014. Weaving joins SOCO from Bank of America Merrill Lynch where she was a Managing Director in Mergers and Acquisitions (“M&A”) with responsibility for the oil and gas sector. Weaving has been
Marine Contracting scores Jasmine FPSO contract (Thailand)
Singapore’s Marine Contracting Pte Ltd has been awarded a contract to replace mooring and flexible riser systems on the “FPF-003” FPSO, located at the Jasmine Field offshore Thailand. The contract has been awarded by Petrofac, and, according to a press release issued by Marine Contracting, the offsh
Cyprus: Poseidon subsea cable system goes live
Radius Oceanic Communications, Inc., and Cyta have announced testing and commissioning are complete on the Poseidon submarine cable system, a fiber optic network built to serve the oil and gas and scientific markets in the Eastern Mediterranean. Radius and its regional telecom partner, Cyta have als
InterMoor expands its management team
InterMoor announces the appointment of Duncan Cuthill to the role of General Manager of InterMoor Marine Services Ltd. Cuthill will report directly to Alan Duncan, MD of InterMoor Ltd. and will be responsible for the InterMoor Marine Services Business in the UK and Mediterranean regions. Cuthill hol
Solberg: Reduced reservoir utilisation not a viable option for cutting costs
Norwegian Prime Minister Erna Solberg today addressed the attendees of the Subsea Valley Conference in Fornebu, Norway. The Prime Minister highlighted the importance of the oil & gas sector to the Norwegian economy, praising competence and technology as Norway’s main competitive advantages. However,
Sierra Hamilton buys GeoPro. Expands into sphere of exploration
“This acquisition gives Sierra Hamilton another asset to bring to our clients in the industry and helps make a more powerful partner.”
Reach Subsea, MMT enter Joint Venture deal
Reach Subsea ASA (Reach) has signed an agreement with MMT in Gothenburg for cooperation on Offshore Survey and ROV services. The collaboration has already resulted in multiple operations for the vessel Stril Explorer and the companies have bid on number of tenders. Reach and MMT also collaborate on
Douglas Westwood: AUV fleet to reach 825 figure by 2018
Douglas-Westwood (DW) forecast that the global AUV (autonomous underwater vehicle) fleet will increase 42% in the 2014-2018 period, compared to the previous five years. The fleet is forecast to total 825 units in 2018, led by strong demand in the military sector. The military sector makes up 50% of
Eni CEO and President of Mozambique talk about exploration
The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, met today in Bruxelles for an update on Eni’s activities and projects in the country. During the comprehensive meeting, Paolo Scaroni illustrated the progress made in terms of exploration; following the compl
Take this O&G industry safety survey
UK flowmeter specialist Litre Meter has launched the first in a series of oil and gas industry safety surveys that will be introduced throughout 2014. The survey is designed to enable manufacturers and re-sellers to test assertions about functionality and construction and quality of manufacture. The
Seacon sold for $490 M
TE Connectivity Ltd. has announced that it has signed a definitive agreement to acquire the SEACON group, a leading provider of underwater connector technology and systems, for $490 million in cash. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles, auton