Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has contracted the West Navigator drillship to drill the Faroe operated Novus prospect in Norway in the
The governments of Italy, Greece and Albania confirmed their political support for the Trans Adriatic Pipeline (TAP) project with the signing of a Memorandum of Understanding (MoU) on yesterday evening 27. Concluded on the margins of the United Nations General Assembly meeting in New York, and in th
Lansdowne Oil & Gas announced its interim results for the six months to 30 June 2012. Operational highlights Barryroe appraisal well 48/24-10z successfully tested at a stabilised rate of 3,514 bopd and 2.93 mmscfgd (4,000boepd) Barryroe updated P50 oil in place estimates currently total 1,043MMBO fo
Each year, BOURBON’s operational affiliates with a zero-incident rate are rewarded by the Group for their efficient preventive safety management. In 2009, BOURBON launched an incentive program to recognize the outstanding performance and best practices of its affiliates in terms of operational safet
International oil service group Aker Solutions has been awarded a contract by Statoil to deliver three subsea trees, tubing hangers and a tool package to the Troll field on the Norwegian continental shelf. Estimated contract value is NOK 250 million. The extension is a call-off from a contract signe
The Netherlands’ Rijkswaterstaat has awarded Tideland Signal the contract to supply, maintain, repair and demobilize racons both on North Sea buoys and in inland waters up to and including 2015. This contract follows a sequence of orders for Tideland SeaBeacon 2 System 6 dual-band racon supplied via
Tocardo International, the leading producer of free-flow turbines, has commenced the manufacture of six free-flow water turbines for installation in Nepal and Japan. This follows the partnership agreements announced in March to supply 8MW of bi-directional turbine power over a three-year period to J
Energy Minister Fergus Ewing invited applications for funding from a £10 million fund to support innovation in the Oil and Gas sector. Increasing investment in the Oil and Gas sector was a key component of the Scottish Government’s Oil and Gas strategy, developed in conjunction with industry and pub
Aker Solutions has been selected as the management contractor for Brunei Shell Petroleum Co Sdn Bhd’s (BSP) offshore construction and maintenance services. The contract runs for five years and has an estimated value of over NOK 2.3 billion. As the management contractor Aker Solutions will be respons
IOS InterMoor AS, an Acteon company, has signed a framework agreement with ExxonMobil Exploration & Production Norway AS to provide engineering services and equipment offshore Norway. The contract will run for five years with the option of three one-year extensions. The contract work scope includes
Today Snam and Fluxys have closed the transaction to acquire E.ON’s stake in Interconnector UK, owner and operator of the subsea gas pipeline between the UK and Belgium. The acquisition is a new step forward in the joint approach of Fluxys and Snam to actively promote further integration of gas mark
Companies looking to store polluting carbon under the sea will have to pay more for tougher seabed screening, after geologists discovered a three-kilometre long fracture near Norway’s pioneering subsea carbon storage project in the North Sea. Storing carbon under the sea is part of Britain’s ambitio
Signing of an intergovernmental agreement between Italy, Greece and Albania for construction of the Trans-Adriatic Pipeline (TAP) gas project is expected this Friday in New York, Italian government source said on Wednesday, Reuters reports. Namely, the representatives of the three countries will be
Alexey Miller, Chairman of the Gazprom Management Committee and Kurt Bock, Chairman of the Board of Executive Directors of BASF held a working meeting at the Gazprom headquarters. Different aspects of cooperation in the oil and gas sector were addressed in the course of negotiations. The parties hav
