The Norwegian Petroleum Directorate has granted a drilling permit to Statoil Petroleum AS for wellbore 7220/7-1, cf. Section 8 of the Resource Management Regulations. Wellbore 7220/7-1 will be drilled from the drilling facility Aker Barents. The drilling program for wellbore 7220/7-1 applies to the
Noreco in November 2011 produced 3,810 barrels of oil equivalents (boe) per day which is a drop when compared to 4,569 boepd in October. Net realised oil price was USD 115 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.373 Nini
SAL’s heavy lift vessel, the MV “Lone”, is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary en
The Visund North investment decision means that the fast-track developments around the Visund field in the North Sea are a step nearer completion. It was decided in autumn 2010 to fast track the development of Visund North with production start-up scheduled for autumn 2013. The partners have now rea
SPT Group has released MEPO 4, the next generation of its market- leading solution for optimising reservoir flow models. Used by oil and gas companies for risk reduction, uncertainty management, well location optimisation and assisted history matching, MEPO helps reduce cost and cycle times at all s
Russian environmental NGOs recently sent a letter to executives of Gazprom, Statoil and Total asking the companies to delay the final investment decision for Shtokman natural gas project until all the aspects of environmental impacts are thoroughly examined, and the means of elimination of potential
Eidesvik Offshore ASA’ operating result before depreciation (EBITDA) for 3rd quarter 2011 is MNOK 117,8 compared to MNOK 113,3 for the same period last year. Operating income is MNOK 255,7 compared to MNOK 254,7 for the same period last year. Operating result before depreciation (EBITDA) for the fir
TGS, Norway based seismic survey specialist, has signed a letter of award with Dolphin Geophysical to charter the 12 streamer new build vessel, M/V Polar Duchess, for 3D multi-client projects in Europe during the 2012 summer season. The charter is expected to begin during first half of April and wil
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, provides operational update following completion of the transaction with Petoro AS (“Petoro”), to swap Faroe’s intere
ProSep Inc., a provider of process solutions to the oil and gas industry, today announced it was awarded a $1.4 million contract to supply M-I Swaco, a Schlumberger Company, with a proprietary CTour® produced water treatment system, for installation on an offshore platform operating on the Norwegian
The hull for yno 294 at Ulstein Verft, a platform supply vessel of design type ULSTEIN PX121 for Blue Ship Invest, was launched by Zaliv shipyard in Ukraine on 30. November. “This hull is hull number 500 from Zaliv, and this special occasion was celebrated with a great many invited persons”, comment
Forum Energy Technologies Inc., has sold a Sub-Atlantic™ Mojave observation ROV to GeoTeam S.r.l. in Rome, Italy. GeoTeam is a solutions based marine survey, construction support and geotechnical contractor with operations in the United Kingdom, Italy and the United Arab Emirates. The Sub-Atlantic™
A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research recently published by Deloitte and Douglas-Westwood. The next 30 years will see enormous demand building for the services o
Providence Resources P.l.c.,the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, has been awarded Standard Exploration Licence 2/11 in the Kish Bank Basin, offshore Dublin by the the Irish Department of Communications, Energy and Natural Resources. The Licence, wh
