Aker Solutions has completed the transfer of ownership of subsidiary Aker Marine Contractors (AMC) to Singapore listed Ezra Holdings Ltd. Aker Solutions confirms the transaction details given in the announcement on 22 October 2010. In the transaction, AMC is valued at USD 250 million. Ezra has settl
Statoil and ExxonMobil have agreed to explore three Faroese offshore licenses jointly. ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% interest. Statoil F
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Helge Lund, President and Chief Executive Officer of Statoil. During the meeting the parties addressed the key business issues and prospects for cooperation between Gazprom and
In February 2010 Seajacks entered into a contract with GustoMSC to provide the Basic Design Package for two purpose built wind farm installation vessels. In June 2010 Seajacks entered into a contract with Lamprell shipyard to build these new vessels and Seajacks will take delivery of the first new-b
Leading international oilfield service company Expro announces today that it has secured a new subsea contract in the UK. TAQA Bratani has awarded Expro with a 12-month subsea contract in the North Sea. The contract will see Expro provide TAQA with large bore landing strings for their 2011 work scop
AGR Petroleum Services, the world’s largest independent well management company, has appointed a new manager to oversee and grow its global consultancy division. Kirsty Crook, who has been a part of AGR Consultancy Services for nearly a decade, has now been promoted to have global responsibility for
Spring Energy has agreed to acquire Marathon Petroleum Norge AS’ 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled to be drilled in the license this summer. Lundin is the Operator for PL438, while the other license p
Det norske oljeselskap ASA, operator of production licence 468, is in the process of completing the drilling of wildcat well 6305/9-2. The well was drilled about 30 km east of the Ormen Lange field in the Norwegian Sea. The primary exploration target for the well was to prove petroleum in the Middle
Ithaca Energy Inc. announces that it has successfully completed the drilling of a water injection well for the Athena field development. Well 14/18b-A1 (“the well”) intersected 325 feet (on a true vertical basis) of net reservoir, exceeding the net reservoir requirements for water injection to suppo
Fairstar Heavy Transport N.V. (FAIR) has published its audited financial statement for 2010, recording a net profit after tax of USD 228 thousand. The report also highlighted the company’s activities in the international capital markets, successfully raising almost USD 100 million that was invested
Endeavour International Corporation announces the United Kingdom Department of Energy and Climate Change (DECC) has approved the Rochelle Field Development Plan (FDP) for Block 15/27 in the Central North Sea, now known as East Rochelle. This approval represents phase one of the development of the Gr
AGR Drilling Services has signed a NOK9.3m ($1.6 million) contract to supply its excavation technology and expertise – hot on the heels of a NOK84m deal for the company. The latest deal is with LOTOS Petrobaltic SA, the only Polish firm involved in oil exploration and extraction in the Baltic Sea. A
Brisk business has been reported by Aberdeen-based Ecosse Subsea Systems, following the Subsea 2011 event in the city recently. First-time exhibitors Ecosse Subsea Systems have announced interest from across the globe in all divisions of the company, particularly the £500,000 SCAR specialist trenchi
FoundOcean is awarded the freespan correction contract for the Troll P12 Project in the North Sea by Subsea7 FoundOcean will manufacture and install two fabric formwork grout bags to support the expected freespan of the new 36” pipeline at the approach to the Troll A Platform, in the Norwegian Secto
