In 2009, crude oil, natural gas, and pipeline transport services accounted for almost 50 percent of Norway’s exports value, 22 percent of GDP, and 27 percent of government revenues according to the Norwegian Petroleum Directorate. Although Norway’s oil production peaked in 2001 at 3.42 million barre
Norwegian Energy Company ASA today presents its second quarter 2010 results, with EBITDA of NOK 269 million, 59% higher than in previous quarter, and a net result of NOK -6 million, compared with NOK -21 million. Q2 results Oil and gas production was 13,125 barrels of oil equivalents (boe) per day,
The construction of onshore and offshore oil and gas pipelines is driving growth in the welding equipment and consumables market. Growth is largely due to high demand from major pipeline construction companies requiring welding equipment, consumables, manufacturing automation, steel pipes, cables an
TGS’ CEO Robert Hobbs said .”As previously noted, our sales in the second quarter were negatively affected by a delay in the announcement of Norway’s 21st licensing round as well as some early effects of regulatory uncertainty in the U.S. Gulf of Mexico. In contrast, we have seen increased activity
Ithaca has entered into an agreement to acquire certain UK North Sea gas interests from GDF SUEZ E&P UK Ltd for a cash consideration of GBP 11.25 million (approximately US $16.9 million) (the “Acquisition”). The Acquisition includes operated interests in the producing Anglia Field, for which the ass
Serica Energy plc today announces its financial results for the three and six months ending 30 June 2010. Highlights: Operational: •Production rates at Kambuna increased during first half of the year – average gas sales of 35 mmscfd in June and 39 mmscfd in July •Kambuna field operator has reduced i
Aberdeen-based oil services group OEG Offshore (OEG) has won a £400,000 ($600,000 USD) contract with offshore deepwater drilling firm Seadrill. OEG secured a deal to deliver a workshop, containers, baskets and specialist units for use on board Seadrill’s deepwater drillship West Gemini, which will b
SeaBird has been working closely with the BP Macondo Team to provide high-resolution autonomous node seabed seismic data at the well site in the Gulf of Mexico. The node technology is used because of the ultra-deep water capability and the versatility of the separated sensor package, allowing direct
Leading international oilfield service company Expro today announces the signing of a $100million, multi-year contract with TS Marine Asia Pacific, to supply the Havila Phoenix vessel, together with ROV and other associated services, to deploy the AX-S™ subsea well intervention system. The broad tec
Global shipping and energy services firm, the Craig Group, has announced a multi million pound investment in four new emergency response and rescue vessels. (ERRVs) It is anticipated that the new vessels have the potential to create an additional 120 jobs in the North Sea marine industry. Managed by
Malta’s economy would totally collapse if an oil accident were to happen in the Mediterranean, according to Nature Trust. [mappress] Source:TheSundayTimes, Malta, August 3, 2010:
Champion Technologies has announced a multi-million pound contract with Wood Group for the provision of production chemicals and chemical services to several of the firm’s North Sea assets. Initially a three year contract, there are two one year options in place which could see the value of the deal
Marine Subsea’s flagship vessel Sarah set sail from Aberdeen this weekend to begin a £2 million series of decommissioning contracts in the… by James Hamilton (Heraldscotland) [mappress] Source: Heraldscotland, August 2, 2010:
ClampOn has received Letter of Intent from FMC for supply of subsea sand & vibration monitors and PIG detectors to the Laggan-Tormore project. The Laggan-Tormore project is located in North-West of Shetland and is operated by Total. The overall development concept consists of a long distance tie-bac
