French supermajor Total has made a small gas and condensate discovery in the northeast part of the Martin Linge field offshore Norway. Total estimates about 12-69 MMboe was found in the well, on production license 043, drilled using the Maersk Intrepid jackup in 115m water depth…
As a direct consequence of persistently poor market conditions, Royal IHC, “is fine-tuning its strategy,” and letting go of 425 employees in The Netherlands. “Responding to market demand, activities in The Netherlands will focus on creating added value for customers…
AGR, an energy services and software company, has appointed Tore Øian to lead the company’s well management business in Norway. Øian has over 20 years’ experience in the oil and gas industry and has managed complex drilling projects for major operators including Statoil and Det norske…
The 2MW SR2000 tidal turbine, developed and manufactured by Scottish engineering company Scotrenewables Tidal Power, has been installed on its moorings for the first time at the European Marine Energy Centre (EMEC), Orkney as part of site commissioning and testing…
CGG and Eidesvik Offshore have agreed to terminate the contract for the Viking Vision vessel effective immediately. The contract was due to end at the end of July 2017. According to Eidesvik, the payment of the charter rate will continue until July 2017…
Norwegian outfits GC Rieber Shipping and Rasmussengruppen have joined forces to set up a new 50/50 owned marine geophysical company, to be called Shearwater GeoServices. Shearwater will be an integrated provider of marine geophysical…
ConocoPhillips Skandinavia (COPSAS) has received an audit from Norway’s Petroleum Safety Authority (PSA), from 5-10 August 2016, regarding the company’s work on ensuring compliance with the regulatory requirements for electrical installations at Ekofisk 2/4 K and 2/4 B…
After three weeks of strike, Norwegian workers union Industry Energy says its call for equal pay between operator, drilling, catering and oil service staff on the Norwegian Continental Shelf has been accepted, ending the strike. More…
Norwegian geoscience firm Electromagnetic Geoservices (EMGS) says it is to reduce its 'employee expenses' by about 20%, through temporary and permanent layoffs on shore and offshore and other measures, due to a reduced level of activity. Q2 'employee expenses' were US$5…
Technip and FMC Technologies have been picked by Hurricane Energy to be an exclusive provider of subsea equipment to the firm's fractured basement Lancaster development, west of Shetland. Under a provisional agreement, the firms, under their alliance…
Optime Subsea Services, subsea technology company, will merge with engineering house Telemark Technologies to fast-track its subsea installation solution. Telemark Technologies is a supplier of pressurized vessel systems for testing operations of subsea…
Aker Solutions and MAN Diesel & Turbo say they expect to cut the size and weight of subsea compression systems by at least 50%, just a year after the first such system successfully went on stream at Statoil’s Åsgard field. Image: Before and after…
Sevan Marine CEO Carl Lieungh will step down from the company, effective 1 January 2017. The company's board of directors has appointed current CFO, Reese McNeel, as the new CEO. He will carry out both functions in parallel, the firm said in a statement today (10 October)…
Airborne Oil & Gas (AOG) raised US$26 million (€23 million) in a series C investment round from both new and existing shareholders. (SAEV) joins the shareholder base with an investment of $11 million (€10 million). SAEV is the corporate venturing arm of Saudi Arabian Oil Co…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
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