In this year’s third quarter, Bergen Group had a turnover of NOK 822 million and an operating profit of NOK 53 million before depreciation and amortisation (EBITDA). The numbers are mainly characterised by strong results from the corporation’s offshore activities, which have doubled the turnover so
Norwegian Petroleum Directorate today reported preliminary production figures for October 2011. They indicate an average daily production of about 2 022 000 barrels of oil, NGL and condensate. This is an increase of 107 000 barrels compared to September. Gas production was about 8.2 billion Sm3, whi
Rockhopper Exploration plc , the North Falkland Basin oil and gas company, provides the following update on Exploration well 14/10-9 (the “Well”). The Well penetrated multiple targets: Casper, Sea Lion Main Complex (“SLMC”), Kermit. The Well was drilled 5.9 km to the south west of the 14/10-2 discov
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has commenced on the T-Rex prospect (Faroe 30%), located in the Norwegian Sea. The T-Rex prospect
Anadarko Petroleum Corporation today announced the successful Itaipu-2 pre-salt appraisal well, located in block BM-C-32 in the Campos Basin offshore Brazil. The well was drilled to total depth of approximately 16,000 feet (4,877 meters) in 4,660 feet (1,420 meters) of water, and encountered a gross
Niko Resources Ltd. announced that it has signed a contract with a subsidiary of Diamond Offshore (“Diamond”) – a major deepwater drilling contractor. This is the largest deepwater exploration contract in the history of Indonesia and will dramatically increase Indonesia’s opportunities for major hyd
Northern announces that earlier today, Tullow Oil Plc (“Tullow”) in their Interim Management Statement provided the following update on well GM-ES-1, in the Guyane Maritime Permit, in which Northern has a 1.25% interest: “In French Guiana, the Zaedyus exploration well discovered 72 metres of net oil
Technip was awarded the options for a two-year extension of the Statoil PRS(1) Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operat
Tullow Oil plc (Tullow) announces that the Montserrado-1 exploration well, offshore Liberia, has made a non-commercial oil discovery in Late Cretaceous reservoir sands. This result is an important exploration breakthrough, establishing a working hydrocarbon system in the Liberian basin. The well was
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for October 2011. Songa Venus commenced operations for Petronas in Malaysia on 20 October after completion of contractual preparedness, acceptance testing and mobilization to the first location. During preparations to run
A new study which aims to inform UK government guidelines on environmentally responsible methods for decommissioning offshore pipeline bundl… Source: Subsea UK [mappress] Source: Subsea UK, November 8, 2011; Image: Subsea 7
SeeByte, the global leader in creating smart software technology for unmanned systems, announced its compatibility with CDL Inertial Engineering of Aberdeen. SeeByte’s SeeTrack CoPilot system and CDL’s TOGS/NAV system are now fully compatible. This combination has created a truly efficient navigatio
The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
