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New CEO takes over at Lamprell
Lamprell, a company building offshore drilling rigs has informed that Christopher McDonald has now taken up his role as Chief Executive Officer (CEO) for the Group and as an executive director on the Board. James Moffat, who has been in the role of CEO since March 2013, has stepped down but will con
DW: OPEC faces a ‘huge challenge’ after output reduction deal
OPEC’s surprise announcement last Wednesday of a preliminary output reduction agreement seemed to be the development the oil & gas sector had been waiting for, Douglas-Westwood, an energy intelligence group, has said in its latest DW Monday report. By the middle of Thursday afternoon GMT, stock pric
PGS Vessel Activity Slides
Norwegian seismic player, Petroleum Geo-Services (PGS) has seen a vessel-activity drop in the third quarter of 2016, the company informed on Monday. In the Q3 the vessel utilization on the contracted basis was 33 percent compared to 35 percent in the corresponding period in 2015. On the multi-client
Norway: Gassco completes maintenance
Norway’s gas infrastructure operator Gassco on Wednesday said that an extensive program for maintaining facilities on the Norwegian continental shelf has been completed. “This year’s maintenance operations involved a number of demanding activities,” said Kristin Kinn Kaste, senior vice president for
Statoil’s Stausholm resigns from BoD
Norway’s Statoil on Monday said that Jakob Stausholm will resign from the position as a member of the company’s board.
Banks okay Solstad’s financing plan
Norwegian shipping company Solstad Offshore informed on Friday that its financing plan has been approved by the company’s banks and bondholders. The company also said that sale-and-leaseback agreement for the vessel Normand Maximus has been entered into, all on terms satisfactory to Aker Capital. Ba
Popular news, Sep 26 – Oct 2, 2016
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Det norske, BP Norge finalize merger. Create Aker BP
Det norske oljeselskap, a Norwegian oil company, and BP Norge, a Norwegian subsidiary of the British oil firm BP, have completed their previously announced merger. Det norske said on Friday morning that the closing of the transaction was scheduled to take place today, September 30, 2016. On Friday a
IOG pondering next step as Skipper appraisal bears a surprise
Independent Oil & Gas (IOG), a company working to develop its Skipper oil discovery in the UK sector of the North Sea, has shared mixed results of its first operated appraisal well there. The appraisal well was completed and, IOG says, it achieved its primary objective of retrieving oil samples from
DW: Struggle ahead for offshore oilfield services. Onshore picking up from 2017
Offshore oilfield services companies are set for a long and bumpy road ahead, Douglas-Westwood, an energy consultancy, said in its recent report. As for the onshore oilfield services, DW feels the sector has reached its nadir, and it is expected to start recovering. As said above, DW’s projection fo
Cluff Natural Resources gains nod for North Sea license pair
London-based Cluff Natural Resources has received all the regulatory approvals required to complete the cross-assignment of equity positions in two contiguous license areas in the Southern North Sea with Simwell Resources and Burgate E&P. Cluff announced the decision to combine the equity position a
North Sea Wind Feeds German Grid with 5.18TWh in H1
In the first half of 2016, German wind power generation amounted to 41.1TWh with a significantly increased share of offshore wind, according to TenneT. TenneT transmitted 5.18TWh of wind power from the North Sea in the first six months, which is 2.3 times as much as in the same period of 2015 when 2
Golar LNG Partners makes board changes
Golar LNG Partners, a limited partnership formed by Golar LNG, said, Doug Arnell stepped down from the Partnership’s board of directors.
Gazprom awarded survey permit for TurkStream project
Gazprom of Russia has received a survey permit for two strings of the TurkStream gas pipeline’s offshore section in Turkey’s territorial waters.