British engineer Weir has launched the sale of its flow control business in a move that could value the supplier of pumps and valves at more than 300 million pounds ($389 million), according to sources with knowledge of the matter.Bankers for…
Seventy percent of funds needed to finance the Nord Stream 2 underwater gas pipeline from Russia to Germany have been raised, TASS news agency quoted the head of Russian gas giant Gazprom, Alexei Miller, as saying on Sunday.Nord Stream 2, which…
Royal Boskalis Westminster N.V. has been awarded the Tyra Redevelopment Subsea Installation Phase II contract by Total E&P Denmark.The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment…
Texas-based Noble Energy sold its 43.5 percent stake in Israel's Tamar Petroleum after announcing last week that it would help finance a gas export deal with Egypt, the Israeli business daily The Marker reported on Wednesday.Noble's sale of 40 million Tamar shares…
Energy exports from Norway to Britain will not be affected even if Britain leaves the European Union without a deal, Norway's energy ministry said on Friday.'Energy trade is governed by bilateral commercial agreements. We hence expect that energy exports from Norway to Britain will not be affected…
DNV GL Noble Denton marine services has released a new edition of the ST-N001 Marine operations and marine warranty standard for the warranty approval of marine operations, covering all different asset and operation types.The new edition now…
Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518 million, a deal that will enable natural gas exports from Israel to Egypt to begin as early as the start of 2019, the companies said on Thursday…
Dry measurements of sea state has been made available through the cloud as a service, granting customers flexible access to real time data without having to cover the investment in data collection and transfer equipment.“Making sea state data…
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.Between May and August, which is normally a season with fewer gas exports…
Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' majority owner, Norwegian private equity firm HitecVision, said on Thursday.The acquisition, which…
An Aberdeen-based energy industry service company has become the first rental business in the UK to obtain vital safety accreditation for important offshore testing equipment.Pressure Test Solutions Ltd (PTS) has achieved ATEX certification…
Germany will chose a city to host a new liquefied natural gas (LNG) terminal by year end's in what its economy minister on Tuesday called 'gesture' to the United States, which wants to increase gas exports to Europe.'This is a gesture to our American friends…
Drilling rigs and capital drilling equipment sales and service provider Henderson said it has acquired high specification/high pressure fabrication company HP Piping Solutions in a move to further improve its service capabilities within the growing North American oil and gas market…
DNV GL is now starting phase II of a Joint Industry Project (JIP) on single phase flow meters in phase-contaminated oil flow. Phase II of this JIP will focus on the influence of the oil fluid properties. This will involve testing different single…
Repsol's Norwegian subsidiary has set out plans to decommission its Rev field in the Norwegian North Sea. The Rev field, in Production Licence 038C, Block 15/12 on the Norwegian Continental Shelf, comprises four seabed installations split into two separate areas…