Statoil launched a new venture capital fund, Statoil Energy Ventures, dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. Image from Statoil…
Norwegian engineering and construction firm Kvaerner says it has a healthy backlog but that there are few opportunities for new contracts in 2016 and 2017 looks uncertain. The firm, which only posted a relatively small drop in revenues in 2015…
Norway-based floating LNG specialist Höegh LNG says it will not engage in further new floating LNG (FLNG) developments, but focus on floating storage, and regasification units (FRSUs). The firm plans to have a fleet of 12 FRSUs by 2019…
Funding worth £1.8 million (c2.4 million euros) has been awarded to a group of European scientific institutions as part of a major initiative to improve the understanding of the influence of man-made structures, including oil and gas platforms and wind farms…
ABS has centralized its global marine strategic planning, client development, and product and service offerings to deliver enhanced classification services and joint technical projects. Effective today (15 February), Dr. Kirsi Tikka is promoted…
Dana Petroleum has successfully completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil field in license 12/06 in the Danish North Sea last week. Map from Dana Petroleum…
Dana Petroleum awarded Atlantic Offshore an emergency response rescue vessel (ERRV) contract to support the Ocean Guardian semisubmersible in the UK North Sea. Atlantic will use its Ocean Sprite ERVV in the contract, which is for two wells estimated at 70 days each…
Aibel cut the first steel for the DSM module for Statoil’s Johan Sverdrup drilling platform at its Haugesund yard, where a busy period awaits until the platform is completed in 2018. Aibel expects to finish the DSM module come summer 2017…
Royal Dutch Shell has officially acquired 100% of BG Group today (15 February) in a US$70 billion mega merger that leaves Shell as one of the biggest oil and gas companies in the world. Shell CEO Ben van Beurden…
Mike Jardon is to take over as CEO of UK-based Expro succeeding Charles Woodburn, who is leaving the company in April to join defense firm BAE Systems. Jardon joined Expro in 2011 as COO, after holding senior roles within Schlumberger’s wireline…
Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A floating production…
Statoil has awarded Heerema Fabrication Group (HFG) the contract for the engineering, procurement and construction (EPC) of the unmanned wellhead platform at Oseberg Vestflanken 2, as well as the transport and installation of the platform…
Aker Solutions saw a 16.5% drop in its revenue in Q4 2015 as the market activity declined, especially in the North Sea, that will result in the company to slow down activity, reduce costs, and streamline its maintenance, modifications, and operations (MMO)…
Eni, Europa, ExxonMobil, Nexen, Scotia, Statoil and Woodside are among those awarded licenses in Irelan's latest offshore round. In total, 14 new licensing options in the Irish offshore have been offered, following the conclusion of the…
During the period of 5-7 January 2016, the Petroleum Safety Authority (PSA) Norway conducted an audit on ENI Norge's facility Goliat FPSO. The audit was conducted as a follow-up to an audit carried out in June 2015 linked to logistics on Goliat…