Norway’s Statoil beat profits forecasts thanks to an increase in production and better refining margins but it further reduced its planned capex as oil prices remain low. The firm, which saw net income fall to US$882 million (7.2 billion NOK) from 9…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be US$108 billion (NOK 870 billion) during the next 40 years…
Wellesley Petroleum Holdings, a new exploration company focused exclusively on the Norwegian Continental Shelf (NCS), announced that Chris Elliott has been appointed as CEO. Elliott’s last role was exploration manager UK and Norway for Cairn Energy…
UTEC NCS Survey, an Acteon company, has recently completed three months of AUV operations for a number of Saipem projects located in West Africa. UTEC NCS performed pre-lay and as-laid surveys using their Gavia autonomous underwater…
UTEC Survey announced the merger of NCS Survey, with its Aberdeen-based operations UTEC Survey Construction to form one organization in EMEA – UTEC NCS Survey. UTEC and NCS are both part of the Acteon group of companies which specializes in subsea services…
AGR has been awarded a well engineering and operational support services contract with DEA Norge. The contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continental shelf (NCS)…
Oilfield services firm AGR has been awarded a three-year well management services contract with options with Edison Norge, supporting Edison across its operating licences, including the its first operated exploration well on the Norwegian Continental Shelf (NCS)…
Statoil Petroleum awarded Interwell a frame agreement for the scope of completion services in the Norwegian Continental Shelf (NCS). The six-year contract has an initial period of two years with two additional optional periods of two years.
Ocean Floor Geophysics Ltd. (OFG) completed a high resolution CSEM survey of near surface gas hydrates using the Scripps Institution of Oceanography Vulcan system for the National Institute of Advanced Industrial Science and Technology (AIST) in Japanese waters…
Acteon has acquired independent survey services company UTEC Survey. Houston-headquartered UTEC offers services to gather, process and manage data that supports informed decision-making across the entire life of a subsea field. It generated revenues in excess of US$84 million…
Statoil awarded Odfjell Well Services a contract for tubular running services and rental services on the Norwegian continental shelf (NCS). The frame agreement is for tubular running services on a selection of Statoil’s installations…
Aker Solutions, with a total of 51 contracts, is leading the field on contracts won on the UK Continental Shelf (UKS) and Norwegian Continental Shelf (NCS) over the past four years, according to the latest report from the Energy Industry Council (EIC)…
Oil companies operating on the Norwegian Continental Shelf (NCS) were this morning warned that cost cutting should not lead to fewer projects and leaving behind economically viable fields, Norway’s Minister of Petroleum told ONS conference delegates in Stavanger this morning…
Statoil and BP continue to the most active operators on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) according to the latest report from the Energy Industry Council (EIC). Image: Fig 1. The report, based on EICDataStream…
Statoil shut down production on the Troll C platform in the Norwegian sector of the North Sea on 17 August after an inspection program on the platform detected corrosion damage to a pipe connected to the oil export system. Troll C…
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