Fossil Energy
Faroe Petroleum Wins New Licences on UK Continental Shelf
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has provisionally been awarded seven new exploration licences on the UK Continental Shelf in the UK’s 2
Norway: Statoil Delivers Strong Third Quarter Results
Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
Aker Solutions Acquires Fabrication Facility in Sandnessjøen, Norway
Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, to increase its fabrication capacity in the Norwegian Sea and further north. The purchase is part of Aker Solutions’ northern Norway strategy. The facility, which is located at Helgelands Industrial Park in Sandnessjøen, Nor
UK: Bibby Offshore Invests in ROV Fleet
Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Off
Statoil Awarded 7 Exploration Licences Offshore UK
Statoil has been awarded shares in 7 exploration licences on the United Kingdom Continental Shelf (UKCS). The company is operator for 2 of these, and expects this number to increase when the blocks pending environmental assessment are awarded. The licences which were awarded by the UK authorities ar
Winners of Record Breaking 27th Licensing Round in UK North Sea Revealed
UK oil and gas investment looks set to flourish after the Government announces winners of the record breaking 27th Licensing Round. A total of 167 new licenses have been offered by DECC covering 330 North Sea blocks – with a further 61 blocks under environmental assessment. Interest in the North Sea
Norway: OTD 2012 Successful for Offshore Center Danmark
Offshore Technology Days in Bergen, being a leading exhibition and conference in Norway, was a great success for Offshore Center Danmark and Enterprise Europe Network. More than 360 exhibitors and near by 24,400 delegates were present at the OTD exhibition in Bergen on October 15th-18th 2012. A 3-da
France: Alexandra Bech Gjørv Joins Technip
On Tuesday Mrs. Alexandra Bech Gjørv was appointed member of the Board of Directors of Technip, replacing Daniel Lebègue. M. Pascal Colombani was appointed Chairman of the Audit Committee of the Board of Directors. Mrs. Bech Gjørv is also a member of the Audit Committee of the Board of Directors. In
UK Govt Approval of Talisman Project Extends Life of North Sea Oil Fields
The government has approved a Talisman project that will extend the life of North Sea oil fields and unleash millions of pounds of extra investment for the UK economy. The £1.6 billion MonArb Area Redevelopment Project will mean the production of a further 100 million barrels of oil equivalent from
Norway: Songa Offshore Announces Management Changes
Songa Offshore SE (“Songa” or the “company”) has accepted the resignation of the company’s CEO, Asbjørn Vavik. Effective immediately, Jens A Wilhelmsen, Chairman of the Board of Directors, will assume the additional role as interim CEO. Mr Vavik will remain at the company’s disposal to conclude on-g
Offshore Energy Exhibition & Conference Exceeds Expectations
Offshore industry professionals from around the world gathered in Amsterdam on 23 – 24 October for Offshore Energy Exhibition & Conference 2012. The fifth edition of Offshore Energy attracted a record number of 7632 attendees, up 49% from last year. Offshore Energy 2012 continued on its path of stea
Denmark: Maersk Inaugurates Highly Advanced Drilling Simulator Complex
Maersk Drilling and Maersk Training have once again put themselves in the forefront of competence development by investing USD 10 million in a new drilling simulator complex. The complex will be inaugurated today at Maersk Training in Svendborg, Denmark.. The most advanced drilling simulator complex
EMGS Expands Multi-Client Basalt Mapping Project to Vøring Basin, Norway
Electromagnetic Geoservices ASA (EMGS) has in response to industry demand expanded the previously announced multi-client basalt mapping project in the West of Shetland area to the Vøring Basin in the Norwegian Sea. The vessel Atlantic Guardian will therefore continue to acquire controlled-source ele
UK: Acteon Nominated for Oil Council Award
Leading specialist subsea services group Acteon has been nominated for an Oil Council award in the Oilfield Services Business of the Year category. The awards celebrate international successes in the oil and gas industry throughout 2012 and are judged by a panel of 50 industry experts. The award foc