News
JDR Receives Award at Subsea UK 2013
At Subsea UK 2013 JDR, a leading provider of technology connecting the global offshore energy industry, won the 2013 Subsea UK Global Exports Award. The Award recognises excellence in internationalisation and was accepted by JDR’s Chief Executive Officer Andrew Norman at the Awards dinner in Aberdee
JDR Receives Award at Subsea UK 2013
At Subsea UK 2013 JDR, a leading provider of technology connecting the global offshore energy industry, won the 2013 Subsea UK Global Exports Award. The Award recognises excellence in internationalisation and was accepted by JDR’s Chief Executive Officer Andrew Norman at the Awards dinner in Aberdee
FLEX LNG to Issue New Shares for BoD Members, UK
FLEX LNG said that its Board of Directors has resolved to issue 468,810 new shares to the members of the Board of Directors for the period 1 July 2012 to 31 December 2012, as part of their remuneration for that period. FLEX LNG announced this decision in accordance with the resolution by the shareho
Total to Spend $2.8 Bln on Exploration in 2013
French oil major Total today announced the net investment budget for 2013 of $22 billion. The exploration budget has been increased to 2.8 B$ for 2013, up from $2.5 billion in 2012. The company said that the high-potential exploration program for 2013 reflects the new dynamic of the Group, with pros
LPG Plant in Ukraine Gets New Equipment
KX Oil & Gas said that the equipment for the upgrade of its LPG plant at the Novo-Nikolaevskoye Complex in Ukraine has shipped from the construction yard in Alberta, Canada. Commissioning of the new equipment is expected in May 2013. The additional equipment will enable Poltava Petroleum Company, JK
Germany: Cuxhaven Steel Construction Ceases Production as of April 30 2013
Cuxhaven Steel Construction (CSC), which belongs to the BARD Group and specialises in steel constructions for offshore wind farms, will cease production as of April 30 2013. The management board and the works council had already reached a consensus last August on a corresponding social plan and a re
France: Total Net Income Climbs
Total of France said its adjusted net income was 3,081 M€ in the fourth quarter 2012 compared to 2,725 M€ in the fourth quarter 2011, an increase of 13%. Expressed in dollars, adjusted net income increased by 9%. The company’s adjusted net income was 12,361 M€ in 2012, an increase of 8% compared to
UK: Hull College Backs Green Energy Awards
HULL College has pledged its support to an awards event recognising excellence in the region’s emerging green energy industry. The organisation is sponsoring the education category of the Humber Renewables Awards. Elaine McMahon, Hull College chief executive and principal, said the college was “deli
Dry Well for Statoil (Norway)
Statoil Petroleum AS, operator of production licence 169, is about to complete drilling of wildcat well 25/11-26. The well was drilled about nine kilometres northeast of the Grane field in the North Sea. The primary exploration target for the well was to prove petroleum in the Balder formation in Eo
Maersk Oil Drills a Duster in PL 513, Offshore Norway
Maersk Oil has finished drilling the 6506/6-2 exploration well on the Albert prospect in Norway. The well, drilled in Production License 513 in the Norwegian Sea, encountered no sign of hydrocarbons. The purpose of the well was to prove hydrocarbons in the Lower Cretaceous Lysing Fm. The well encoun
Providence Relinquishes Foreshore Licence (Ireland)
Providence Resources P.l.c., (“Providence”) the London (AIM) and Dublin (ESM) listed oil and gas exploration and appraisal company, announces that it has surrendered the Foreshore Licence granted over an area in the Kish Bank Basin, offshore Dublin. The Licence was awarded by the Foreshore Unit of t
Gazprom: BoD Approves Implementation of 2013 Russian Regions Gasification Program
The Board of Directors took notice of the information about the work being done by Gazprom and its subsidiaries in Russian Federation constituents. The Board approved the efforts taken to implement the Russian Regions Gasification Program in 2012. The Management Committee was tasked to carry on this
Spectrum Buys Carmot (Norway)
Spectrum has signed Share Purchase Agreements to acquire the Norwegian companies Carmot Seismic AS and Carmot Processing AS. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes covering approximately 125,000 square kilomete
UK: Success of Yorkshire Firms in Offshore Wind Industry Highlighted
YORKSHIRE businesses that have already won work in the offshore wind power industry have been lined up to present at a supply chain conference. Delegates at the event will hear how companies in the region have been successful in securing contracts in the emerging sector and the type of requirements