Electromagnetic Geoservices ASA (EMGS) has received a Letter of Award (LOA) from North Energy ASA for a contract of US$3.3 million for 3D EM data acquisition over and in the vicinity of license PL509S in the North Sea. 'This contract…
International oil and gas engineering group Penspen has opened a new headquarters in Villahermosa, Mexico. The office will expand on Penspen’s existing presence in Ciudad del Carmen, which currently undertakes a wide range of integrity, engineering…
AGR's software solutions division had signed its first contract with Sakhalin Energy. The three-year deal includes the latest version of AGR's P1 software, as well as maintenance and support services. The software allows operators to maximize performance during well-construction projects…
Global Energy Group is launching a new offshore diving division to expand its existing inshore diving operations. Global Diving will deliver air and nitrox diving for the offshore oil and gas and renewables sectors in the UK and world-wide…
Oil and gas IT services firm ISN Solutions has secured £4.6m investment from Aberdeen-based private equity firm Maven Capital Partners as part of a growth plan. Entrepreneur Tom Smith, founder of telecommunications firm Nessco (pictured)…
The expansion follows a second successful year for the naval architecture and marine engineering specialist. The company, which focuses on marine, subsea and structural design and analysis, is on track to record turnover of £800,000 for the financial year ended March 2014…
Aberdeen-based independent explorer Xcite Energy Resources (XER) has agreed a memorandum of understanding (MOU) with Teekay Shipping Norway on the use of a floating production facility for its Bentley heavy oil field in the North Sea. The…
Production has started on the first new Statoil-operated platform on the Norwegian Continental Shelf since 2005. The Gudrun oil and gas field, in the Norwegian sector of the North Sea, is also the first new to be operated by Statoil from the Stavanger region since Sleipner in 1993…
Heat transfer, separation and fluid handling firm Alfa Laval has agreed to buy submerged pump systems firm Frank Mohn AS for NOK 13 billion from Wimoh AS. Alfa Laval said the move, which includes the Framo brand products, would strengthen its fluid handling portfolio…
A team of US BSEE engineers and inspectors conducted a safety inspection of the first FPSO (floating production storage and offloading) vessel designed and built for containment use in the Gulf of Mexico. The pre-production inspection is…
ION Geophysical Corp. today announced it has been awarded permits to acquire 12,600km of seismic data offshore Peru. The 2D multi-client survey, known as PeruSPAN, covers the offshore margin from the Talara basin in the north, to the Pisco basin in the south…
Are the UK's fractured basement reservoirs ripe for exploitation? Hurricane Energy's Robert Trice explains why he believes they are. The potential of fractured basement reservoirs is often overlooked by explorers, yet there are numerous…
Deepwater drilling is no longer just about exploration. Lars Eirik Nocolaisen looks at market sentiment and potential reality. Reporting season 1Q 2014 saw deepwater drillers’ reporting numbers in-line with expectations, but still stock prices have plummeted…
ION Geophysical Corp. today announced it is collaborating with UAE-based Polarcus to acquire a new 4000sq km, 3D multi-client seismic survey offshore southwest Ireland, the first major survey of the significantly underexplored deepwater Southern Porcupine basin…
Market drivers point to a slowdown in new project activity, Ian Simpson and James Graf of ABS report. Changes in the drilling rig market are indicators of industry ups and downs. A look at today’s numbers indicates that the most recent upswing is about to change direction…
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