Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
Shell Philippines Exploration B.V. awarded Royal Boskalis Westminster N.V. a contract to install a Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in The Philippines. The contract value is about US$60 million; to run early-late 2014.
GE announced the grand opening of its new, state-of-the-art customer application center (CAC) in Moscow. At an invitation-only ribbon-cutting ceremony, customers toured the facility and experienced the complete GE Measurement & Control product…
Norwegian technology development company Biota Guard has developed a subsea leak and environmental monitoring system for the oil and gas industry. Monitoring the heart-beat of mussels and their shell movements may not sound like a traditional activity within the upstream oil and gas industry…
European editor Elaine Maslin went to visit Huisman’s yard in Schiedam, Netherlands, as the finishing touches were being carried out on the Noble Globetrotter II. When offshore lifting, pipelay and drilling firm Huisman decided…
The southern part of the formerly disputed area between Norway and Russia has been licensed to a consortium of Rosneft and Eni. The companies plan seismic surveys for later this year. This area includes the large Fedyn High structure. The northern part of the formerly disputed area…
FMC Technologies, Inc. received an order from Shell for subsea equipment for its portfolio of projects in the Gulf of Mexico. The scope includes the supply of 12 enhanced vertical deepwater trees and controls. 'FMC Technologies has been…
Draugen was the first field developed in the Norwegian Sea 20 years ago—Shell now expects it to produce for a further 20 years, doubling its expected life span. Asset manager Odin Estensen explains how. The story of Draugen is more than just the story of a field…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
Lundin Petroleum AB (Lundin Petroleum) has commenced drilling of the first development well on the Brynhild field in PL148, located in the Norwegian North Sea.Brynhild field is adjacent to the Norway-United Kingdom border, about 210 km from the Norwegian mainland…
Claxton Engineering Services Ltd, appointed Gerry Miller as VP sales, marketing, and commercial in a drive to strengthen its sales, marketing and commercial team. His base will be at Claxton’s headquarters in Great Yarmouth, UK. Ongoing…
Interest in the North is strong and growing among international actors— Kåre Storvik gives his views on business in the area. Oil companies, supply companies, and service providers to the oil industry are either in place or on their way to the North— to Arctic Europe-to the new…
African independent oil and gas company Taleveras has agreed to farmout a 65% stake on its Block CI-504 off the Ivory Coast to a subsidiary of Russia's Lukoil. Block CI-504 is close to the producing Baobab field, covering 399 sq km in 800-2100m deep water…
Russia's Rosneft and North American supermajor ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide…
ThoughtStream: Opinion Rosneft is the largest subsoil licenseholder in the Russian offshore. Total estimated recoverable resources under these licenses exceed 275 billion boe. The exploration program includes drilling 96 wells. I hope that the representatives of Halliburton…
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