Aker Solutions has reached a major milestone in delivering the 100th subsea tree to the world’s largest subsea field development – Statoil’s Troll. A subsea tree is a key technology enabling oil and gas production directly from a subsea well to a processing facility. The tree is essentially an advan
Statoil published the group’s Annual and Sustainability Report for 2010 on its website today, 25 March, as well as its US Annual Report and accounts on Form 20-F. “2010 was a year of important strategic progress and active portfolio management for Statoil. We carried out a successful listing of Stat
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its shares commenced trading on Thursday, 24 March 2011 on the Toronto Stock Exchange (“TSX”) under the symbol “LUP”. Lundin Petroleum’s shares also continue to trade on the NASDAQ OMX, Stockholm under the symbol “LUPE”. Lundin Petro
BP announced today that an arbitral tribunal has ruled that the interim injunction issued to prevent BP’s proposed transaction with Rosneft, which includes Arctic exploration and a share swap transaction, from proceeding should continue. BP will now apply for a determination whether the share swap m
The board of Sevan Marine ASA (“Sevan Marine”) will today submit an application for a listing of Sevan Drilling ASA (“Sevan Drilling”) as an independent company on the main list of the Oslo Stock Exchange. Sevan Marine has decided to organize Sevan Marine’s drilling activities into a new company to
Rutter Inc. , t is announcing an order for its Oil Spill Response Radar (OSSR) with a total value of just under $USD 1,000,000. This most recent purchase, expected to be delivered in spring 2011, builds upon the momentum of global interest in the Sigma S6 system. President and CEO, Fraser Edison, sa
Hyperdynamics Corporation today announced that it intends, subject to market and other conditions, to offer its shares of common stock pursuant to a shelf registration statement under the Securities Act of 1933, as amended. The Company also intends to grant the underwriter a 45 day option to purchas
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a fifth deepwater drilling permit that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to
Roc Oil (Bohai) Company, a wholly owned subsidiary of ROC, advises that the existing Petroleum Contract covering the Zhao Dong Block in the Bohai Bay, offshore China, has been modified with the aim of commercialising previous near field discoveries in the area and encouraging further exploration act
Nathalie Normandeau, Quebec’s natural resources minister, and Christian Paradis, her federal counterpart, are to sign an agreement on offshore oil and gas resources that will give Quebec 100 per cent of revenues from the Old Harry site in the Gulf of St. Lawrence. Marie-France Boulay, Normandeau’s p
Kongsberg Maritime will launch its most advanced underwater digital stills camera at the Ocean Business 2011 technology exhibition in Southampton (Stand N1) on April 5, 2011. The OE14-408 is the latest underwater digital stills camera to be revealed in Kongsberg Maritime’s market-leading portfolio o
Plains Exploration & Production Company (“PXP”) announces today it continues to evaluate alternatives to separate its deepwater and onshore businesses, which include separately capitalizing its deepwater business through a joint venture or outside capital and then either spinning-off or divesting th
The Tyrihans subsea field in the Norwegian Sea is making a considerable contribution to Statoil’s production on the Norwegian continental shelf (NCS). The field will be officially opened at a ceremony in Trondheim on Thursday 24 March. The field consists of Tyrihans South, a gas-capped oil field, an
Halliburton has been awarded several contracts for the provision of equipment and services on two offshore blocks in the South China Sea. This is the first ultra-high-pressure/high-temperature (HP/HT) oil and gas drilling project in Asia. The exploration campaign calls for two firm wells and one pot
