Lundin Petroleum AB and its partner Gunvor Group signed a heads of agreement with Rosneft Oil Company to jointly sell 51% of PetroResurs LLC. PetroResurs, the Russian subsidiary of Lundin, is the 100% owner of the Lagansky block license…
The Switch, supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications, and Yaskawa Electric Corp., a global manufacturer of servomotors, controllers, inverters…
Lundin Norway AS confirmed a significant oil find in its Ghota discovery following the completion of a successful flow test of exploration well 7120/1-3, which proved gas flow at a rate of approximately 4,300 b/d. The test showed good production…
Norway-based Odfjell SE signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd., of China, for construction of four 17,000 cbm capacity LPG/Ethylene gas tankers. Odfjell also secured various options for delivery of up to four additional tankers…
Lundin Norway AS struck a 6m (20 mi.) oil column through completion of Johan Sverdrup (formerly Avaldsnes/Aldous) appraisal well 16/5-4, located in the southwestern part of PL501. The discovery found an oil-filled reservoir section of excellent quality sand with a very high net-to-gross ratio…
Ceona has awarded a 5-yr contract worth over £45million to independent ROV provider ROVOP. The contract will see ROVOP provide hydraulic, work-class ROV services on board Ceona’s fleet of new, purpose-built deepwater pipelay and construction vessels including the Ceona Amazon and the Polar Onyx…
Statoil ASA is extending its production stoppage in the Njord oilfield, located in the Norwegian Sea, to reinforce a drilling platform. Production was originally halted on July 27 due to some small deformations found in some beams and other structural elements in the deck framing…
UK-based Europa Oil & Gas and Kosmos Energy Ireland are shooting a 3D seismic acquisition program in the South Porcupine basin, offshore Ireland, using the M/V Polarcus Amani. Acquistion and processing will be complete by the end of 1Q 2014…
Nord Stream has completed what is has described as a record-setting PIG run by running a pipeline inspection guage (PIG) along a 1224km route over 10 days. The run was to carry out a comprehensive inspection of the internal condition of both the Nord Straem pipelines…
Great Yarmouth-based Sonar Equipment Services (SES) delivered its first multi-sensor ROV survey package to Calecore’s marine survey division, Calesurvey. SES has integrated, tested and mobilized a complex array of survey and subsea equipment…
C-MAR Group has announced that it has won a major crewing contract with EMAS AMC, which will see the business provide the marine crew for the 520ft, reeled pipelay vessel the Express, until summer 2015. The agreement means that C-MAR…
Leading players in the 3DTV industry will converging on Aberdeen next month for a conference focusing on use of such technologies in the oil and gas and renewables industries. The 3DTV Conference: Vision Beyond Depth event has been organised by Aberdeen University…
Chevron Technology Ventures (CTV) announced today that it has launched its CTV Fund V, a US$90 million venture capital fund to invest in early- to mid-stage companies and in limited partnership funds. Investments from CTV Fund V will…
German operator RWE Dea UK has agreed a five year, £40 million, contract with engineering and operations support services contractor Offshore Design Engineering (ODE) to support its southern North Sea fields. ODE has already been working for RWE…
Synthetic rope manufacturer Bexco has invested in a new test bench facility capable of automated testing 25m lengths of rope for one week or longer, with remote electronic data interchange and on-site certification of made-to measure rope solutions…
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