From 20-23 September 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit activity of Hammerfest LNG, Statoil, where they followed up major accident risk, the company’s own follow-up and operation of onshore facilities, pipelines and subsea facilities. Objective The objective of t
In this year’s third quarter, Bergen Group had a turnover of NOK 822 million and an operating profit of NOK 53 million before depreciation and amortisation (EBITDA). The numbers are mainly characterised by strong results from the corporation’s offshore activities, which have doubled the turnover so
Norwegian Petroleum Directorate today reported preliminary production figures for October 2011. They indicate an average daily production of about 2 022 000 barrels of oil, NGL and condensate. This is an increase of 107 000 barrels compared to September. Gas production was about 8.2 billion Sm3, whi
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has commenced on the T-Rex prospect (Faroe 30%), located in the Norwegian Sea. The T-Rex prospect
Technip was awarded the options for a two-year extension of the Statoil PRS(1) Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operat
A new study which aims to inform UK government guidelines on environmentally responsible methods for decommissioning offshore pipeline bundl… Source: Subsea UK [mappress] Source: Subsea UK, November 8, 2011; Image: Subsea 7
SeeByte, the global leader in creating smart software technology for unmanned systems, announced its compatibility with CDL Inertial Engineering of Aberdeen. SeeByte’s SeeTrack CoPilot system and CDL’s TOGS/NAV system are now fully compatible. This combination has created a truly efficient navigatio
The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
The International Regulators’ Forum (IRF) is an important arena for the Petroleum Safety Authority Norway (PSA), says director general Magne Ognedal. “And it can be an important tool for petroleum safety worldwide.” His comment follows the PSA’s assessment of the IRF’s offshore safety summit in Stav
The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that it has entered into a short term secured loan with affiliates of certain of the company’s substantial shareholders, namely affiliated investment funds o
Yesterday, November 7th, the N-Sea Group BV and Subcom BV have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group BV. Both parties seek to complete this mutually beneficial transaction by the end of this week. As of January 2012 Subcom BV will be integrated into
Maersk Oil has embarked on a 5-year joint research project with the University of Copenhagen’s Department of Geography and Geology (DGG) entailing an unprecedented level of collaboration and data sharing to deepen its understanding of chalk reservoirs in the Danish North Sea. Maersk Oil will mentor
Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, inaugurates its new spare parts distribution centre in Kampen, the Netherlands, on Monday 7 November 2011. The Central Distribution Centre is to be inaugurated by Wärtsilä’s President & CEO Björn Rosen
