Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB announce an updated estimate of the recoverable Contingent Resources from the Avaldsnes discovery in licence PL501, located in the Norwegian North Sea on the Norwegian Continental Shelf (NSC). Lundin Petroleum is the operator of PL50
Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA (Sevan), a Norway-based developer, owner and operator of FPSO units, and acquire an equity interest
Bridge, the Oslo Axess-listed oil and gas exploration and production company announced that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The in
Sindre Rotevatn (51) has been appointed finance manager and deputy managing director of Ulstein Verft AS. He will take up the position in November. “I am looking forward to joining ULSTEIN and to my new role as finance manager and deputy managing director of Ulstein Verft,” says Sindre Rotevatn. He
Heerema Fabrication Group (HFG) completed the construction of the minimum facilities platforms for the Clipper South Development and the Breagh Alpha Development. Both EPC (Engineering, Procurement and Construction) contracts were awarded by RWE Dea UK. At the HFG Vlissingen fabrication location, th
Ankara is sticking to its oil and gas exploration activities as planned in eastern Mediterranean Sea despite continued unease voiced by its… Source: Hurriyetdailynews [mappress] Source:Hurriyetdailynews , September 29, 2011;
A&P GROUP’S Tyne shipyard has completed its second order this year for Subsea 7 – one of the world’s leading subsea engineering and construction companies. The Hebburn yard has just finished repairs to the construction and cable-laying vessel Acergy Eagle, similar to the work it carried out in the s
BP will discuss divesting some of its assets in Europe and North America to India’s Reliance Industries as it seeks to deepen its … Source: Reuters [mappress] Source: Reuters, September 29, 2011;
AgustaWestland, a Finmeccanica company, and Bond Aviation Group, announce that they have signed an MoU today that will see both companies work together to establish a multi-year contract covering the purchase of AW139, AW169 and AW189 helicopters for offshore oil and gas support, HEMS, SAR and emerg
Polarcus Limited announced today that the Company’s ultra-modern 12-streamer 3D seismic vessel, POLARCUS ALIMA, has achieved a significant first in the seismic industry, having successfully transited to Asia-Pacific via the Northern Sea Route (NSR). Her passage commenced on 15 September from Hammerf
Aker Solutions has won a contract to conduct the basic engineering for the development of Total’s Hild field in the Norwegian North Sea. The contract value is about NOK 215 million. Aker Solutions’ scope of work includes engineering for several building blocks, including topside, jacket, an FSO (flo
For the first time, the Offshore Energy conference program will offer a session on unconventional gas. On Wednesday afternoon, October 12th speakers from Baker Hughes, Cuadrilla Resources Nederland , EBN and the University of Groningen will discuss the world wide potential for unconventional gas, po
Oil output at the Buzzard oilfield in the UK North Sea has recovered close to its normal rate of 200,0000 barrels per day (bpd), two trade… Reporting by Emma Farge; Editing by Alison Birrane (Reuters) [mappress] Source: Reuters, September 28, 2011;
BP said on Tuesday it was suspending production at three platforms at its Azeri-Chirag-Gunashli (ACG) Caspian oil field for up to 15 days… Reporting by Lada Yevgrashina, writing by Amie Ferris-Rotman, editing by Thomas Grove (Reuters) [mappress] Source: Reuters, September 28, 2011;
