Norwegian exploration firm Rocksource has agreed a farm-out deal with Atlantic Petroleum Norge and announced a deal for a European oil firm to buy electromagnetic data and use its software. The farm-out is an option deal with Atlantic Petroleum…
The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
After Norwegian Energy Company ASA (Noreco) announced that the Siri would not return online until Q2 2014, the Danish Energy Agency approved a temporary production solution to allow for a Q1 2014 restart. Siri, wholly-owned by operator DONG Energy…
Encana Corp. today announced the Production Acceptance Notice (PAN) at the company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 MMcf/d of natural gas from four wells…
Finnish government-owned investment company, Finnish Industry Investment Ltd, has acquired a 66.4% stake in Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker Arctic is a leading company in Arctic marine logistics and offshore solutions…
Marin, the ultra-deepwater excavation specialist and recovery firm, is to acquire AGR Seabed Intervention. The announcement comes after the duo formed a strategic alliance earlier this year. The acquisition of AGR Seabed Intervention…
Milan-based Saipem announced an agreement with Eni for the sale of the Firenze FPSO (Floating Production Storage and Offloading) business line for €336 million (US$464 million). The agreement includes the Firenze FPSO unit, the on-board processing plan…
Ceona's high-capacity flexible/umbilical pipelay and subsea construction vessel the Polar Onyx has been floated out of dry dock at Ulstein Verft yard in Norway following an intensive outfitting program. It has now moved to the shipyard quay…
Conductor Installation Services Ltd (CIS), an Acteon company, launched a new service line: Subsea Piling services, which coincides with CIS’s new Subsea Piling system, a remotely operated system that the company developed to drive piles as large as 36in diameter…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
Turner Designs Hydrocarbon Instruments launched the 4100 E09 electronics package for its existing TD-4100XD and TD-4100XDC oil in water monitors. Turner Designs added on-board control and monitoring of two sample streams, including individual calibrations for each stream…
R. STAHL introduces a new signaling solution that withstands extreme environmental conditions, e.g. a wide operating temperature range of 55°C (133° F) to more than 70°C (158°F). The light source is a xenon tube providing a high light output…
Dialight unveiled the SafeSite LED Linear Fixture - Class 1. It is an efficient solution for Class I, Div. 2 certified hazardous applications. The fixture is intended to replace traditional fluorescent and HID lighting fixtures. It is also…
PTTEP and Pertamina signed a 50:50 joint venture to buy Hess' assets off Indonesia for US $1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Renowned energy expert Prof. Michael J. Economides suffered a fatal heart attack this past weekend on an international flight from Madrid to Chile. He was 64. Economides was a professor at the University of Houston’s Cullen College of…
Subscribe
