Sterling Resources Ltd. announces increased Company interest reserves numbers for the Breagh field located in the UK Southern North Sea as a result of the successful drilling of appraisal well 42/13a-6 earlier this year. These Company interest reserves have been independently prepared in accordance
GSP has became in 2009 the contractor and project manager for the offshore services package including the pipeline installation along the Russian continental shelf of the Black Sea, between Dzhubga-Lazarevskoe-Soci as well as for the pipeline tie-in with the Russia – Turkey inter continental pipelin
DOF Installer ASA christened the latest addition to a new generation of high powered anchor handling vessels built to match the challenges of deepwater mooring and field installation operations. Skandi Skansen, the company’s fourth Installer Vessel was officially named at a ceremony held on the 2 Ju
TGS will commence acquisition of a new 3D multi-client survey which covers 1,100 km2 over the Magnus Basin, including the southwest to northeast striking “End of the World” fault. TGS will also reprocess approximately 6,500 km2 of 3D seismic data in the same area to build a combined project of 7,600
Aibel has been awarded a letter of intent from Statoil in connection with the new test facility for subsea compressors at Kårstø. The estimated value of the contract is NOK 200 million. The new test facility will be part of the Kårstø metering and technology laboratory, K-lab. ‘Aibel knows Kårstø we
Norwegian Energy Company ASA in June 2011 produced 8,125 barrels of oil equivalents (boe) per day. Net realized oil price was USD 104 per boe after adjustments for oil put options, inventory and NGL and gas prices. Total production from the Siri area fields in June was about 9,600 boe/day (3,375 boe
On July 5, 2011, A.Zagorovsky, SDAG CEO, and N.Reshetov, Director-General of the Russian Maritime Register of Shipping (RS) had a meeting where they agreed on extending their cooperation aimed at increasing the involvement of Russian companies in Phase I of Shtokman gas and condensate field developm
The Gazprom headquarters hosted yesterday working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The meeting participants discussed joint projects highlighting that coordination of the agreement on natural gas purchase
DOF Subsea UK secures contract with Tullow Oil to provide Jumper/Spool Installation services from Skandi Constructor in Ghana. Aberdeen-based specialist subsea service company DOF Subsea UK, a subsidiary of DOF ASA, has secured a contract with Tullow Oil to provide Jumper/Spool Installation services
Kongsberg Maritime AS, a fully owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG) has reached agreement in principle with major shareholders in Evotec AS regarding acquisition of the company. Evotec AS develops and delivers marine technology handling systems to market segments like seismic, offsh
North Energy ASA has purchased 15 percent of PL 450, Storebjørn, from Det Norske Oljeselskap ASA. The license is located in the North Sea, Block 7/12, south west of the Ula field. Drilling is expected in the fourth quarter of 2011 with the jack-up rig Maersk Guardian. North Energy will after the pur
Statoil has received consent to carry out exploration drilling of wells 16/2-8 and 16/2-9S in the North Sea with the Transocean Leader mobile facility. The wells will be drilled in production licence 265, with Statoil as the operator (40%). The other licensees are Petoro AS (30%), Det norske oljesel
Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The contract for the two category D rigs is worth an aggregate USD 2,47 billion for a fixed eight-year charter period. “Stepping up our industrialisation of
Trapoil announces the acquisition of Reach Oil & Gas Limited (“Reach”) for a total consideration of approximately £30 million (£20 million in cash and approximately £10 million in new ordinary shares to be issued at a deemed price of 43 pence per share). Reach’s two wholly-owned subsidiaries, Reach
