Ithaca Energy Inc. has announced completion of flow test operations on the third development well on the Stella field in je UK North Sea, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day (“boepd”). Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stel
The Technip-DeepOcean PRS Joint Venture has been awarded by Statoil ASA a new frame agreement for Pipeline Repair System (PRS) Pool services. Starting on December 1st, 2014, the agreement will have a firm duration of five years as well as three optional periods of two years each. The contract was se
Norwegian oil giant Statoil is yet to decide on the concept for the development of the Johan Castberg field in the Barents Sea. As reported by Reuters today, Statoil’s CEO Helge Lund said that the company needs more time mature the concept adding it will not take long before Statoil reveals more inf
On June 26, 2014 in Vladivostok Rosneft President, Chairman of the Management Board Igor Sechin took part in the annual general meeting of shareholders of the Far Eastern Shipbuilding and Ship repair center (FESRC); its Board of Directors is also headed by Igor Sechin. In the course of the AGM the a
Fred. Olsen Energy ASA has signed a new six-year bank credit facility of up to $2 billion. The company said in the release that the credit facility will be used to repay existing bank loan, full-finance the newbuild Bollsta Dolphin semi-submersible drilling rig and for general corporate purposes. Th
Subsea engineering, construction and installation company, Subsea 7, has taken delivery of a consignment of acoustic release transponders and accompanying heavy duty release frames from Sonardyne International Ltd. The Oceanographic Release Transponders (ORTs) will be used, up to 17 at a time, to as
The Dutch water sector has won a contract from the Polish government to assess and improve the navigability of the Wisla River. A consortium of companies including Deltares, Rothuizen, Arcadis, EuroLandscape and RDH will work on issues like flood risk management, hydrology and spatial planning. Wisl
North Energy has entered into an agreement with Tullow Oil Norge AS which gives it a 10 per cent holding in production licence 507. The operator is planning an exploration well on the “Lupus” oil prospect, with spudding scheduled for late June. This well will be drilled by Borgland Dolphin in about
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea. “We are delighted to work with Tullow again, and also, encouraged to see contract coverage in the Norwegian waters co
Statoil today enters into a frame agreement with Kvaerner for the delivery of jackets for the North Sea in the period up to 2020. At the same time, the companies will sign a letter of intent for the delivery of two jackets to the Johan Sverdrup field. The frame agreement gives Kvaerner the opportuni
Hurricane Energy plc shares jump 48% following the announcement of the Lancaster well results.
GasLog said that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries (HHI) in South Korea. The vessels are expected to be delivered in the second half of 2017, and marks GasLog’s first orders from the world’s largest shipbuilder. The vessels have been ordered with p
MMT has reported that after a year of engineering, constructing and testing of equipment, ROV Surveyor Interceptor is taking form at Kystdesign AS. The Surveyor Interceptor is a specialised fast underwater survey platform, capable of 8 knots while recording highest resolution Bathymetry, Lidar and H
Statoil has been issued with a notification of order concerning the use of an accommodation camp at Melkøya in connection with planned shutdowns at Hammerfest LNG. On 20 February 2013, Statoil received consent to use the accommodation camp in connection with planned shutdowns at Hammerfest LNG at Me
