Statoil ASA and Brigham Exploration Company (NASDAQ: BEXP) announced that an entity controlled by Statoil, Fargo Acquisition Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock, par value $0…
Statoil's third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. 'Statoil delivered strong financial results in the third quarter of 2011, reflecting operational…
Ocean Power Technologies, Inc. (Nasdaq: OPTT) launched of a new technology initiative to enhance the efficiency of its patented PowerBuoy wave energy systems under its existing “WavePort” project. OPT will be working with a consortium of European…
Statoil and its partners in the Troll licence on the Norwegian continental shelf (NCS) decided in September to invest NOK 11 billion in two new compressors on Troll A. The two new compressors will enable Statoil to produce gas even faster and…
Major new project increases safety and reduces risk of flow line installation.Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals…
The Bureau of Ocean Energy Management (BOEM) approved a supplemental Exploration Plan (EP) submitted by BP for deepwater oil and gas activities. BOEM conducted a site-specific Environmental Assessment (EA) of the activities described in the plan…
During recent weeks, Noreq has been awarded several major contracts with Asian yards. Both Korea and Singapore is growing to be very important markets for Noreq. Some weeks back it was made official that Noreq was awarded the contract for Lifeboat…
Stratos Introduces StratosMAX II Nomadic, a New Broadband Service for the Energy Community in the Gulf of Mexico. New service offers voice and high-speed data in Vessel and Transportable versions.Bethesda, Maryland (October 20, 2011) – Stratos Global…
Transocean officially opened its state-of-the-art training center and offices in Kuala Lumpur, Malaysia. The training center and offices were opened by Dato’ Wee Yiaw Hin, Executive Vice President, Exploration and Production, of PETRONAS, and Steven L…
The Italian marine operator Bambini, based at the Port of Ravenna, operates an extensive fleet of vessels in support of the offshore industry. These range from tugs, to supply boats and crew boats. The latter, mostly in the 30 to 35-mrange, have been imported from US builders…
Senergy has reinforced its growing Norwegian footprint by opening new business premises in Oslo. The company has also appointed highly-regarded industry figure, Frode Linge, to head up its new regional office as project/asset manager. The announcement…
Asset integrity and initiatives to tackle skills shortages are among the subjects to be discussed when Aberdeen City and Shire’s leading renewable energy industry body hosts a business seminar in Aberdeen today (Tuesday, October 18). Leading…
In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf…
Input for next report is requested. The sharing of information on incidents is essential as an aid to improved safety, with each one improving the knowledge base of other organisations undertaking similar activities. This is why the International…
Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report. DW director Steve Robertson commented, “The dominance of this region is largely due to local…