London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company…
Survey and positioning services provider iSURVEY said it has completed a 30-day geophysical seabed survey for offshore pipelay and subsea construction company Allseas.The project team set out to identify obstructions and hazardous seabed features…
Paul Smith has been appointed as future chief financial officer (CFO) and member of the management board of European exploration and production company Wintershall DEA, BASF and LetterOne announced on Tuesday.The appointment will take effect on closing of the merger of Wintershall and DEA…
Norwegian shipowner Golden Energy Offshore Services AS (GEOS) said on Tuesday it has secured a contract extension with Wintershall Norge AS for the large platform supply vessel (PSV) Energy Swan.The contract is in direct continuation of a charter contract from 2013…
North Sea drilling activity this year could surpass 2017 levels while seeding a brighter 2019, as a range of indicators point to recovery after four years of rig glut and “cannibalization”.Boldest among bellwethers is oil company spending. After campaigning since 2014 for lower supplier costs…
North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets.Under the a sale and purchase agreement (SPA), Serica UK will acquire a 16…
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore.'Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package…
Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV Polar Queen for a fixed period of four months with options to extend by up to one month.A press note from the…
Denmark-based cable supplier NKT said it has received a letter of award from Norway's Equinor to supply and install a cable system of 200 kilometers of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in the Norwegian North Sea…
Jack-up drilling rig Maersk Invincible has completed a plug and abandonment (P&A) program of wells at the Valhall field center in the Norwegian sector of the North Sea ahead of schedule, operator Aker BP announced.The average time per well has…
Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…
Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil…
Norway's Kvaerner announced that it has signed a contract worth approximately $107 million (NOK 900 million) with Equinor for the delivery of a steel substructure for the Johan Sverdrup Phase 2 process platform.“With this contract, Kværner and…
Nowegian shipbuilder Kleven has delivered the fifth vessel in a series of six anchor handlers for Maersk Supply Service A/S.Built for deepwater operations, Mærsk Mobiliser of the so-called Starfish series is equipped with a range of innovative features…
OGTC is conducting trials using EonCoat on Total and Nexen platformsIn a collaborative effort, designed to improve vital protection of offshore assets, the Oil & Gas Technology Center (OGTC) is successfully conducting trials of an advanced anti-corrosion coating on two North Sea offshore platforms…