During the period 2007 to 2009, the Norwegian Petroleum Directorate (NPD) acquired 2D and 3D seismic data off Lofoten, Vesterålen and Senja (Nordland VII and Troms II). Some lines also extend into Nordland VI. The seismic data is being sold as one data package. The package consists of data from five
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap ASA a drilling permit for well 25/6-4 S, cf. Section 8 of the Resource Management Regulations. Well 25/6-4 S will be drilled from the Songa Delta drilling rig at position 59°41’10.27’’N 02°53’01.23’’E after the facility has
Russian oil company LUKOIL has prequalified as an operator in Norway’s offshore oil zones, opening the door to licensing rounds which could add to the Russian oil company’s growing international portfolio. “LUKOIL has been prequalified as an operator,” Mette Agerup, assistant director of the Norwegi
NORECO, an independent international petroleum company based in Norway, has appointed Mr. Ørjan Gjerde as new Chief Financial Officer (CFO). Ørjan Gjerde (42) has almost 20 years of experience within finance and management, and comes from the position as CFO in Malthus AS. He has previously had simi
A claim that offshore workers are entitled to extra paid leave has been rejected by the Supreme Court. Unions have been fighting for many years for paid leave for workers who spend two weeks on platforms before having a two-week rest. The industry has maintained that time they spend at home forms pa
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the joint projects in the energy sector, in particular, the progress with the South Stream project. It was
CGGVeritas and Eidesvik Offshore ASA have announced that Arnstein Øvsthus has been appointed as General Manager of their ship management joint venture, CGGVeritas Eidesvik Ship Management AS. Arnstein Øvsthus will take up his duties on 1st February 2012. With over 30 years of wide-ranging experience
On November 26 , TrustLube, a dynamic Dutch company that specializes in innovative and environmentally sound lubrication systems, has moved all operations from Willemstad to a new location, which is situated in Oud Gastel on the Business Park Borchwerf II, along motorway A17. The new TrustLube facil
Ship owner Gulf Offshore North Sea Ltd has awarded Rolls-Royce a contract to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea Ltd. The value of the contract to Rolls-Royce is approximately £10 million. The two UT755 XL designs will be built at the Rosetti Marino Sp
Oceaneering’s Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority. Mechanica, headquartered in Stavanger, Norway, is a design and fabrication company specializing in remot
Faroe Petroleum announces that Centrica has completed a successful initial side-track well on the Butch oil discovery (Faroe 15%) located in the Norwegian North Sea. As announced on 18 October 2011, the Butch exploration well (8/10-4 S) encountered net oil pay of approximately 50 metres in the Upper
French oil giant Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This participation is held through a 22.5% interest in the company Elgin Franklin Oil & Gas (EFO
Northern announces that on 29th November 2011 it completed a 600km 2D seismic data acquisition in offshore Southern Adriatic, Italy. The survey covered two licences – F.R39.NP & F.R40.NP. Seismic acquisition commenced on 23rd November 2011 using the vessel ‘M/V Princess’ contracted from CGGVeritas S
Penspen, an independent group of companies providing engineering and management services to the oil and gas industry will in 2012 host a series of specialist courses in Offshore Pipeline Legislation. As engineers and consultants to the global oil and gas industry, Penspen’s strong subsea presence pu
