VERIPOS, a company specializing in precise navigation and positioning solutions, has appointed Richard Turner as Global Business Development Manager, responsible for all aspects of developing and acquiring new business for VERIPOS for all market sectors on a global basis. The role will incorporate a
The Supervisory Board of RWE Dea AG, a Hamburg based international company operating in the field of exploration and production of natural gas and crude oil, on Friday, February 10, appointed Dirk Warzecha as member of the Executive Board of the company, to take effect on 1 November 2012. As of 1 Ja
Stork Technical Services (Stork), has won a major £10million contract win for subsea inspection activity with a major operator, offshore West Africa. Stork announced the contract at the Subsea 2012 exhibition. The award, which is Stork’s first subsea project in the region, involves the complete unde
French oil major Total said today it intended to continue to actively manage its asset portfolio with, in particular, a program of non-strategic asset sales. The 2012 budget for organic investments is $24 billion , of which more than 80% will be dedicated to the Upstream. In the Upstream, Total expe
Specialist Subsea Services (S3) celebrated success at last night’s Subsea UK awards after being named winners of the prestigious New Enterprise award. S3, the only company to reach the final in more than one category, was recognised for its vision in business development and its contribution to the
Det norske has been given the approval by the Norwegian authorities to drill the Steingeita prospect, in production license 460. Det norske was awarded the license in the 2007 Awards in Predefined Areas (APA) round. The well is located in the central part of the North Sea, some 175 kilometers west o
Cyprus-based SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using
Petroleum Safety Authority Norway has granted consent to Lundin Petroleum for exploration drilling in the Norwegian part of the North Sea with the Bredford Dolphin offshore drilling rig. The consent relates to the drilling of exploration well 6201/11-3 which is part of production licence 519 with Lu
As operators face the dual challenge of sustaining their production levels in mature regions and effectively exploiting the uncapped reserves in growth areas, such as, West Africa, US Gulf of Mexico and Brazil, the potential for subsea capital expenditure throughout the forecast period has increased
A serious accident in conjunction with a lifting operation occurred at Kvaerner’s yard at Verdal Wednesday 8 February. The accident occurred Wednesday afternoon. Three persons fell from hight when they were working at the Kvaerner yard at Verdal. They were working in a basket from a crane when the b
North Energy has today entered into an agreement to sell its interest in licence 433 (Fogelberg) for NOK 70 million to Centrica Resources (Norway). Production licence 433, located in Norwegian sea, contains the Fogelberg gas/condensate discovery proven in 2010. North Energy holds 12 per cent of the
Leading international oilfield services company Expro has won a coveted safety leadership award at a prestigious awards dinner in Aberdeen last night. Expro won the award from Subsea UK in recognition of its outstanding safety record. The safety leadership award is given to companies who can demonst
EMGS, a company specializing in electromagnetic marine surveys, has announced record financial results, with quarterly revenues hitting a USD 57.8 million figure. Highlights in the fourth quarter 2011 include record-high financial results: Total revenues at USD 57.8 million for the quarter EBITDA of
The partnership in production license 048 B recently signed an agreement with Teekay to carry out maintenance work on the Floating Production, Storage and Offloading (FPSO) unit, Petrojarl I. As a consequence, Glitne is expected to keep production going until 2014. In the Plan for Development and Op
