Research and development investments in the North Sea are expected to rise driven by the soaring oil prices, says oil and gas technology expert Martin Ewan. A partner in legal firm McGrigors, Mr Ewan said a brighter economic outlook, tied to stronger oil prices, would be a driver in bringing new tec
Swire Pacific Offshore Operations (Pte) Limited (SPO) today announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his team will contin
The Norwegian Government has decided that the Norwegian Petroleum Directorate will map the geology in the northeastern part of Norway’s new sea area in the Barents Sea. According to the plan, the seismic surveys will start this summer and continue into 2013. This will provide important knowledge reg
The AMC Connector, the largest and most advanced cable- and pipe-laying vessel for deep ocean operations has arrived to Stavanger, Norway, to undergo modifications. The vessel will be docked at GMC Yard in Buøy outside Stavanger until March 11th 2012. The 156-meter long multi-purpose vessel, AMC Con
UK’s Centrica plc, has reached an agreement with Total E&P UK Limited to buy its non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is alloc
Offshore Ship Designers (OSD), headquartered in The Netherlands has secured ten new design contracts for large diesel-electric Platform Supply Vessels for two major offshore operators building at three shipyards in Brazil, Japan and Spain. Swire Pacific Offshore Operations (Pte) Limited has ordered
Technip has been awarded by Statoil a contract, valued above €150million (198.5 million U.S. dollars), for the major Åsgard Subsea Compression project located in the Norwegian Sea, 40 kilometers East of the Åsgard field, at a water depth of 340 meters. The contract covers the installation of the sub
Anadarko Petroleum Corporation today announced its Board of Directors has promoted Al Walker, the company’s President and Chief Operating Officer, to the position of President and CEO. Jim Hackett, who was named Anadarko’s CEO in December of 2003, will continue serving the company in the newly creat
Total’s president of exploration and production, gas and power Yves-Louis Darricarrère in a media briefing today in Perth, Australia, said that the company was in negotiations with INPEX to increase its stake in the giant Ichthys LNG project, the local website PerthNow reports. According to Darricar
UK’s BMT has acquired a stake in NAVCON Navegação e Controle, a Brazilian company specializing in monitoring systems for the offshore oil and gas industry. Navcon has an advanced R&D background and widespread experience of working offshore Brazil. Navcon’s current oil and gas activities align with t
French supermajor Total revealed that first oil from its Usan field located in OML 138 offshore Nigeria would start flowing in March, according to Reuters. Reuters quoted Total Nigeria Upstream manager as saying: “We are about to start. It will be before the end of the first quarter”. On February 10
Flexlife, an oil and gas industry specialist in subsea project and integrity management, has been awarded the ISO/TS 29001 certification for its operations in the UK, the US and Brazil. The internationally recognised standard and technical specification defines the level of quality management system
U.S. Secretary of the Interior Ken Salazar yesterday joined Mexican President Felipe Calderon, Secretary of State Hillary Rodham Clinton, Mexican Minister of Foreign Relations Patricia Espinosa, and Mexican Minister of Energy Jordy Herrera in Los Cabos, Mexico at the signing of an agreement on the e
Catalyst has acquired a significant shareholding in Bhagwan Marine and provided capital for future growth of the business. The transaction was led from Catalyst’s recently opened Perth office. Bhagwan Marine is the pre-eminent service providers to the offshore Oil & Gas industry in Australia. The bu
