The development of the Åsgard subsea gas compression was approved in the Storting (Norwegian parliament) on 27 March 2012. This signals the start for implementation of one of Statoil’s most demanding technology projects aimed at improving recovery. Åsgard subsea gas compression will increase recover
The first phase of a multi-million pound redevelopment project of Aberdeen Harbour’s Torry Quay has been completed. A project milestone, it was marked by the platform supply vessel Skandi Foula, which docked at the quay before loading cargo destined for a North Sea installation. The vessel, chartere
BP announced today that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its business portfolios around the world, focusing on core activities and future growth, BP expects to
A London-based oil and natural gas exploration and production company, Afren Plc, today reported a record turnover of US$597 million for the full year 2011 which represents an 87% increase when compared to the last year’s US$319 million. The company’s 2011 profit nearly tripled, rising 172% from US$
One of the largest foreign operators on the Norwegian continental shelf, ConocoPhillips, has been granted consent to use the accomodation rig Safe Scandinavia as a flotel at Eldfisk 2/7 E. The consent, given by the Petroleum Safety Authority Norway, applies for the period from 1 May to 1 September 2
Spectrum is implementing a strategy of growth in the Multi Client Seismic market and as part of the company’s strategic growth plan Spectrum has strengthened its Executive Management Team with new appointment. Arne Helland has been appointed as Executive Vice President Strategy and Business Developm
The Petroleum Safety Authority Norway has given approval to Det norske oljeselskap ASA (Det norske) to use the Transocean Barents offshore drilling rig on the Jette field. Jette is a oil and gas field in the southern part of the North Sea, 180 kilometres west of Haugesund. A Plan for Development and
France-based, international services provider, Technip, has been certified as a Top Employer Europe 2012. This independent certification, delivered by the CRF Institute, underlines the quality of Technip’s human resources (HR) policies and the excellent and consistent working conditions offered to i
BMT Cordah, a subsidiary of BMT Group Ltd, the leading international maritime design, environmental and engineering consultancy, and InterAct, a member of the Acteon Group of companies, the leading well engineering and well abandonment specialists, have announced a collaboration to provide UK oil an
Valiant Petroleum plc has started drilling on the Tybalt appraisal well (Valiant, 80%, operator) located in Blocks 211/8c & 13c in the UK Northern North Sea. The work programme, which includes a well and a contingent test, has been designed to prove up commercially exploitable volumes via nearby inf
The partners in the Johan Sverdrup (formerly known as Aldous/Avaldsnes) field have signed a pre-unit agreement under which the owners of production licences 265 and 501 will cooperate in the planning of the Johan Sverdrup field towards an investment decision and submission of the Plan for Developmen
Statoil Petroleum AS (Statoil) has been granted consent for use of the Ocean Vanguard mobile drilling facility for drilling top holes on Oseberg Sør (Stjerne) in the North Sea. The consent covers drilling of top holes in connection with the development of 30/9-22 Stjerne. The plan for development an
In offshore drilling, Saipem has been awarded by Eni an extension of its contract for the charter of the semisubmersible drilling rig Scarabeo 7, for drilling activities in Indonesian waters.
Ithaca Energy Inc. has agreed to take over operatorship and increase its working interest in the Carna discovery, located in the Southern Gas Basin of the UK North Sea. The transaction with Centrica North Sea Gas Limite increases the Company’s working interest in the Carna discovery to a material le
