Norwegian Energy Company ASA has signed an agreement to sell its shares in the Norwegian oil fields Oselvar and Enoch to Marubeni Corporation (Marubeni). Noreco’s main focus is finding oil and gas, and over the last years we have built a strong track record of exploration success. The final proof of
French Jifmar Offshore Services has ordered two Saab Seaeye Cougar XT ROVs for a new Algerian contract. This important new project will involve work at three different oil terminal points where the ROVs will be used for inspection, maintenance and repair (IRM) tasks on structures, pipes, manifolds a
Financial Results for the Half Year ending June 30th 2010 Revenues for the first half of 2010 were up 8.3% to €11.335 million from €10.464 million due to increased volumes, product mix and the strength of the dollar relative to the euro. The average oil price per barrel achieved in H1 2010 was $78.4
BP is to create a new safety division with sweeping powers to oversee and audit the company’s operations around the world. The Safety & Operational Risk function will have authority to intervene in all aspects of BP’s technical activities. It will have its own expert staff embedded in BP’s operating
The Petroleum Safety Authority Norway (PSA) has carried out an audit of the management of risk, health, safety, working environment and emergency preparedness in connection with simultaneous operations and modifications on Troll A. The audit was carried out through meetings, interviews and verificat
Exxon Mobil Corporation announced today the startup of production from the Odoptu field at the Sakhalin-1 project offshore northeastern Russia. ExxonMobil subsidiary Exxon Neftegas Limited (ENL) is operator on behalf of the five-company international Sakhalin-1 Consortium. “The project applies indus
The State Oil Company of Azerbaijan (SOCAR) continues developing offshore gas production. [mappress] Source: AzerbaijanBusinessCenter,September 29, 2010,
Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the initial contracted period is March 28, 2011, and the charter for FPSO Sevan Hummingb
Island Offshore received the Petroleum Safety Authority Norway’s (the PSA’s) Acknowledgement of Compliance (AoC) for the Island Constructor. The Island Constructor is a well intervention facility operated by Island Offshore Management AS (Island Offshore). The facility is under Norwegian flag and wa
Wintershall Norge ASA has received consent to carry out exploration drilling in the northern North Sea with the mobile facility Songa Delta. The consent applies to drilling of exploration well 35/12-3 S, which is part of production licence 378. The well is located approx. 120 km northwest of Bergen
Nautical Petroleum plc announced that it has entered into a farm-in agreement to acquire up to a 65% interest in the Standard Exploration Licence 2/07 containing the Nemo heavy oil discovery. Nemo is situated approximately 60 kilometres offshore Ireland in the North Celtic Sea Basin in c. 90 metre w
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company, completed operations, on 25 September 2010, to safely plug and abandon the Sea Lion 1 well – the first oil discovery and Contingent Oil Resource in the North Falkland Basin. Rockhopper has released the Ocean Guard
Technip has been awarded a contract, worth approximately €70 million, by Total E&P UK Limited, as operator of the Islay Gas Field, to deliver a full EPCI(1) project in the UK North Sea. The Islay field is located in the North Sea, 440 kilometres north-east of Aberdeen, in 120 metres of water depth.
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a 4-year single contractor framework agreement with Shell Upstream International Europe* for subsea pipeline installation services across its European offshore fields and
