UK-based small cap player Nordic has Energy has announced it is looking to wind up the company. The firm has instructed accountants Turpin Barker Armstrong to lead the insolvency proceedings. The Company listed on the ISDX Growth…
Russian oil giant Rosneft has started drilling on the Lebedinskoye oil and gas condensate field, which sits under the Sea of Okhotsk, in Sakhalin region, Russia. It will drill a 5.3km-long, horizontal extend-reach well, drilled from the coast of Sakhalin Island…
A total of 26 oil and gas companies applied for rights to explore acreage in the Norwegian and Barents Seas in Norway’s 23rd licensing round this week. This year’s licensing round comprises of 57 announced blocks or parts of blocks, of…
GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
Rosneft, via its subsidiary RN-Brasil, has registered as a participant in Brazil's 13th license round. The registration is subject to the approval of Brazil's Agencia Nacional do Petroleo ANP and will allow Rosneft to take part in the…
Three majors are vying for the same block offshore Mozambique in Mozambique's fifth licensing round, according to the round application details released by the country's National Petroleum Institute (INP) today. It reveals that ExxonMobil…
Frank Maclean has been appointed to the position of general manager of Kongsberg Maritime Ltd. base in Aberdeen for the offshore division. Maclean has over 35 years’ experience within the oil and gas industry, the vast majority of that time spent with Kongsberg Maritime…
Petroleum and energy minister Tord Lien opened the Valemon gas and condensate field in the North Sea on 16 April. Expected recoverable reserves from the field are 192 MMboe. Valemon ribbon cutting…
Aqualis ASA and Tristein AS have merged into Aqualis Offshore AS. Aqualis ASA acquired Norwegian company Tristein AS in April 2014. Tristein has since operated as a stand-alone entity as part of the Aqualis Group. Now the company is…
The Statoil-operated, NOK 22.6 billion Valemon high-pressure, high-temperature, gas and condensate development in the Norwegian sector of the North Sea started first production yesterday (3 January). The Valemon field, containing an estimated 192 MMboe recoverable reserves…
Noble Energy awarded Nordic Maritime a US$70 million, five-year contract for its DP2 IMR subsea vessel, Mokul Nordic. Mokul Nordic. From Nordic Maritime. The vessel will be performing…
DNV GL established a liquefied natural gas (LNG) solution group in North America. Bjørn-Harald Bangstein, DNV GL director of operations maritime advisory, Americas. DNV GL says that in addition to deep LNG expertise…
Statoil announced a gas discovery made in the Pingvin prospect in the Barents Sea, has been found non-commercial. Map of Pingvin prospect. From Statoil. According to the Norwegian Petroleum Directorate (NPD)…
Statoil's Kvitebjørn field in the North Sea will see production increase by 220MMboe, or from 55% to 70% recovery rate, thanks to a new compressor installed on the 10-year-old Kvitebjørn platform, the firm said today. The compressor, installed 17 September…
Statoil will complete the drilling of the Pingvin prospect in exploration well 7319/12-1 in the Norwegian Barents Sea, says partner on the well North Energy. The well identified gas in a sandstone reservoir. The well acquired extensive data through coring…
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