Trapoil has sold, subject to DECC and partner approval, its 10 per cent. working interest in its Lacewing asset (P.1181, Block 23/22b) (“Lacewing”) to ConocoPhillips (U.K.) Limited (“ConocoPhillips”) for a consideration of £1 million (the “Consideration”) to be satisfied in cash on completion of the
Bridge, the Oslo Axess-listed oil and gas exploration and production company signed an agreement in December 2011 for the crude oil sales from the Duart field with Shell Trading and Shipping Company (“STASCO”). The acquisition of a 50% equity interest in the Duart field from Nexen was completed in D
Mario Kerssens has joined the CargoMaxx team at Van Aalst Offshore & Marine, inventors of the multi application tank system CargoMaxx, as Manager Business Development, starting the 1st of January 2012. After serving the shipping and offshore industry for more than 20 years in senior sales, marketing
The MV “Lone” has completed her upgrade from DP class I to DP Class II. The Heavy Lift vessel, which is part of the SAL fleet, was upgraded during the month of December in the dry-dock of the German shipyard Norderwerft (Sietas Group) in Hamburg. With this configuration, her unrivalled service speed
Bergen Group BMV AS is awarded a contract for rebuilding work on the high-capacity seismic vessel Polar Duchess. The project generates immediate activity at the yard, and will be completed by the end of 1st quarter 2012. The contract, which has a value of approximately NOK 17 million, comprises the
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces that Tullow Oil plc, a leading independent oil and gas explorer and producer, has signed up as an additional consulting partner to Plexus’ Jo
Technip was awarded the last option for the Statoil frame contract for diving, pipeline repair, contingency and modification services. The frame contract has been held by Technip since January 2007 and is now extended to the latest possible completion date of December 2014. The yearly revenue under
MEO Australia Limited has been advised by Eni Australia Ltd (Eni), as Operator of permit NT/P68, that acquisition of the Bathurst 3D seismic survey covering the Blackwood East structure has been completed. The survey vessel M/V Veritas Viking II was released at 0600 (ACST) on 5th January 2012. A tot
BigLift Shipping recently completed the installation and load testing of a Huisman-Itrec 17 m super fly jib for their heavy lift mast cranes on m.v. Happy Buccaneer, thereby increasing the lifting height and outreach by 50% to respectively 59 m above deck and 55 m. For upcoming projects BigLift Ship
Lundin Petroleum AB announced that as at 31 December 2011 its net proven and probable working interest reserves are 210.7 million barrels of oil equivalent (MMboe) which equates to a 21 percent increase to reserves and a reserve replacement ratio of 264 percent, when compared to 31 December 2010. Th
Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator’s Bøyla project on the Norwegian continental shelf. Contract value is approximately NOK 210 million. Scope of work includes engineering, procurement, construction and delivery of fou
Norwegian Energy Company (Noreco) in December 2011 produced 2,204 barrels of oil equivalents (boe) per day. Net realised oil price was USD 98 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production was negatively impacted by the harsh weather conditions in the North
Northern Petroleum, an oil and gas explorer and producer, operating in areas of low risk, has been awarded part blocks 98/13 and 98/14 in the UK 26th Licensing Round. The new licence is located offshore adjacent to Northern’s Isle of Wight onshore licence, PEDL 240, awarded in May 2008. The part blo
UK’s Petrofac and French based Schlumberger announced today that their Integrated Energy Services (IES) and Schlumberger Production Management (SPM) divisions respectively have signed a Co-operation Agreement under which these divisions will establish a working relationship to deliver integrated and
