Sweden's SKF Group announces that President and CEO Tom Johnstone has decided to step down, effective 1 January 2015. Photo at right from SKF. Leif Östling, Chairman of the Board of SKF, comments: “Under Tom’s leadership, SKF has developed into a knowledge engineering company…
In new analysis prepared for ONS 2014, Wood Mackenzie says the role of incremental projects in Norway is growing in importance, which account for almost half of Norway’s US$200 billion (NKr 1,250 billion) upstream development spend over the next decade…
Statoil’s CEO Helge Lund has continued the Norwegian industry focus on standardization, in light of rising costs, on the opening day of ONS (Offshore Northern Seas) in Stavanger today (August 25). Referring to subsea developments specifically…
Houston-based ABS has been selected to class the Remora HiLoad dynamic positioning (DP) BR loading unit, a second generation of the HiLoad DP system that connects to and keeps conventional tankers in position during crude oil offloading from floating production installations…
Welltec, in partnership with Saudi Aramco, has produced what it it describing as the industry's first e-line tool designed to provide reliable, efficient, rigless access into laterals from the main wellbore. WellLIT detects each sidetrack window depth and then directs unmodified…
Trelleborg Sealing Solutions is unveiling its new “next generation” seal – the Multi-Contact Turcon Variseal – at the ONS in Stavanger hits week. The Multi-Contact Turcon Variseal from Trelleborg Sealing Solutions has been developed to…
With demand for hydrocarbons increasing and costs rising, the exploration and production industry is also facing numerous technical challenges including the development of high-pressure – high-temperature (HPHT) reserves. HP / extreme-HP typically refers to borehole pressures between 10…
Stavanger’s ONS 2014 will open its doors today, creating a global oil village stretching out across nearly 1km, with large delegations expected from the Middle East and Mexico. The event covers a larger footprint than in 2012, when the last ONS was held…
There are currently 271 projects proposed or under development on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) and a total potential investment of US$262.3 billion. These were among the topline figures according…
AGR has been awarded software contracts with Det norske oljeselskap, VNG (Norge) and OMV (Norge) worth in total about US$1 million. AGR will be delivering its bespoke software products P1, CT and iQˣ, which has been shortlisted for the ONS Innovation Award…
Oilfield services company, Expro, plans to open a major new base in Tananger, Norway in summer 2015. The 19,000sq m facility will consolidate the company’s three current Stavanger area locations and house Expro’s Well Testing and Drill…
EMAS AMC has a new frame agreement with Apache North Sea for subsea construction in the UK North Sea. The awarded frame agreement includes pipeline construction, umbilical/cable lay, structure installation and other related offshore construction services…
Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…
2H Offshore appointed Paul Hopkins as principal engineer to develop 2H Offshore’s growing client base in Norway. Hopkins worked for 2H Offshore from 2001 - 2006 on a diverse range of riser projects, including Exxon’s Kizomba A and B developments and BP’s Shah Deniz project…
Lerwick Port Authority (LPA) and international energy logistics company Peterson is planning investment totaling £20million to make Lerwick, Shetland, a decommissioning centre of excellence. LPA is undertaking a £11.95 million quayside…