TGS announced a 2D seismic reprocessing project in the Barents Sea Southeast in preparation for the Norwegian 23rd licensing round. The underlying data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum Directorate (NPD) and covers an area of more than 18,000 km. TGS has been applying t
Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications a
MARINET, a network of research centres and organisations funded by the European Comission, has entered the last stages of testing its Round Robin device. MARINET, a network of research centres and organisations co-funded by the European Commission, has entered the last stages of Round Robin testing
Last week, 100 participants from 15 countries took part in a workshop in Stavanger to discuss issues regarding safe handling and storage of CO2. The workshop was headed by the European Association of Geoscientists and Engineers (EAGE), and the target group was scientists and experts from academia an
The third step of tidal energy testing called Round Robin took place at CNR-INSEAN this month. Comparisons were based on the performance measurements of the device (torque and thrust) in a flow velocity range from 0.6 to 1.2 m/s, as was done in the first and second leg of testing. The use of the sam
The Marine Energy Research Innovation and Knowledge Accelerator (MERIKA) Project was officially launched by the Project Manager Damian Collins last night at the EIMR conference in Stornoway on the Isle of Lewis. MERIKA is an ambitious initiative by University of the Highlands and the Islands (UHI),
BP reported its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company a
DNV GL has updated the Worldwide Offshore Accident Databank (WOAD), the world’s leading repository of offshore accident information. The latest update to WOAD adds over 300 new accident records bringing the dataset up to the Hercules 265 blowout on 23rd July 2013. With records of 6451 accidents occu
Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract in support of a $14 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada. Jee wil
Statoil’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value ch
According to a report by Deloitte, the world wide brand gathering consultancy and advice specialists, there is a large area north of the Wadden Sea that is particularly suitable for the development of offshore wind energy. However, this zone is currently allocated to the Dutch Ministry of Defence fo
In the new “Wind Energy Report Germany 2013” Fraunhofer IWES researchers confirm that offshore wind energy is increasing worldwide. While the UK is leading with 50% offshore market share, more than 2 GW are under construction in Germany. Japan enters the offshore market with prototypes of floating t
6 Alpha Associates, the strategic advisor for managing high risk offshore initiatives, has signed a long-term framework contract with TenneT, the European grid operator responsible for connecting offshore wind projects to the German electricity network. The agreement will see 6 Alpha Associates prov
AGR has been awarded a frame agreement with Det norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf (NCS). The frame agreement starts May 1, 2014 with duration of three years. The possible additional two plus two years’ extension wi
