Energy Intelligence announced that Norwegian company Statoil is the winner of its 2015 Award for Leadership in New Energy. The award recognizes a company that is at the forefront of the energy transition from traditional fossil fuels to a lower-carbon energy system…
Electromagnetic Geoservices (EMGS) entered into two new data licensing agreements for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The agreements are worth a total of US$2 million. The multi-client revenues will be booked in the 2Q 2015…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
VAALCO Energy appointed Cary Bounds as the new chief operating officer starting 6 July 2015. Houston resident, Bounds is a petroleum engineer and has almost 25 years of domestic and international asset management, business development…
Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…
Wild Well Control announced the start-up of a new well control training certification program that will offer a selection of action-oriented well control training curricula, which includes both team and individual well control simulator exercises…
Speaking this week as the 2015 recipient of the Energy Institute (EI)'s Cadman Award, Malcolm Brinded, chairman of Shell Foundation, has called for increased focus on breakthrough technology and business innovations to respond to the challenges of international development…
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use the Scarabeo 5 mobile drilling facility for drilling and completing well 7121/4-G-4 H located at Snøhvit field. Scarabeo 5 is a type ME 4500 mobile drilling…
Elastec introduced a new product for offshore and nearshore oil spill cleanup. The X150 Skimmer Launching System is an oil spill response system with the capability to recover light, medium and some heavy oils in incidents. Elastec’s…
Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Unique Group, formerly known as Unique Maritime Group, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets. With a current turnover in excess of US$100 million…
With HelWin2, Siemens has handed over the fourth North Sea grid link to the customer TenneT. This marks the start of commercial operation of the grid connection by the German-Dutch transmission grid operator. There are now four Siemens grid links with a transmission capacity of over 2…
Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering services, procurement and construction management support for new facilities in the Arabian Gulf. The six-year contract…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
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