The Ministry of Construction, Housing and Utilities of the Russian Federation has granted a construction permit to Amsterdam’s South Stream Transport for the South Stream gas pipeline. The pipeline will originate in Russia, pass under the Black Sea…
Industry excellence in health and safety was recognized at the UK Oil and Gas Industry Safety Awards in Aberdeen at the end of April. The event recognizes and honors the companies and people who embody the spirit of safety and innovation across the sector…
Rosneft has started field works at five license blocks in the Barents and Pechora Seas ahead of planned drilling in 2016-2017. The five blocks are: West Prinovozemelsky, located in the northeastern part of the Barents sea near the Novaya Zemlya archipelago…
Solstad Offshore has taken delivery of the US$250 million Normand Vision (pictured) subsea vessel from Norway's Vard Group, part of the Fincantieri Group, at Søviknes. The vessel has now started an eight-year charter with Norway based Ocean Installer…
Exploration drilling started on the Lupus oil prospect in production license 507 in the Norwegian sector of the North Sea yesterday. The well, 31/10-1, is about 35km south of the Oseberg field and is being drilled by the Borgland Dolphin semisubmersible drilling rig (pictured)…
Norway's Kvaerner and China Offshore Oil Engineering Co. (COOEC) have officially opened an engineering joint venture, Kvaerner COOEC Engineering & Technology (KCET), in Qingdao, Shandong, China. KCET will carry out and further develop…
Wärtsilä will supply generating sets for two new well intervention vessels for Norway's Siem Offshore, the company announced on 30 June. The contract's scope calls for the supply of eight 6-cylinder in-line Wärtsilä 32 generating sets…
Polarcus Amani has mobilized for a 4400sq km RIGHTBAND 3D multi-client survey in the Southern Porcupine basin, offshore Ireland. The multi-client project, being acquired in collaboration with ION GeoVentures and GeoPartners, will be the largest…
On 5 January 2014, Euronav NV announced it would acquire 15 very large crude carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. Today, Euronav said that eight of the VLCCs have been delivered in the first half of 2014. Deliveries…
Statoil and Statkraft have given the final investment decision for the Dudgeon offshore wind farm off the coast of Norfolk, UK. The project aims for full production in late 2017. When completed, Dudgeon will provide renewable energy for up to 410…
Two Subsea 7 board members have resigned so that the company can use its vessels for energy development related projects in US waters. The move, which saw Robert Long and Allen Stevens, both US citizens, step down, was to enable Subsea 7…
Keppel Offshore & Marine subsidiaries Keppel Shipyard and Keppel Singmarine Pte have secured contracts worth a total of S$368 million for North Sea and Caspian Sea projects. Keppel Shipyard has won the contract for the conversion…
Exploration activity on the Norwegian shelf 'remains vigorous', with 13 new discoveries made this year, according to the Norwegian Petroleum Directorate (NPD). As of 24 June, 33 exploration wells (23 wildcat and 10 appraisal wells) have been spudded and 33 terminated…
Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015. “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…
Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…
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