In 2009, crude oil, natural gas, and pipeline transport services accounted for almost 50 percent of Norway’s exports value, 22 percent of GDP, and 27 percent of government revenues according to the Norwegian Petroleum Directorate. Although Norway’s oil production peaked in 2001 at 3.42 million barre
Norwegian Energy Company ASA today presents its second quarter 2010 results, with EBITDA of NOK 269 million, 59% higher than in previous quarter, and a net result of NOK -6 million, compared with NOK -21 million. Q2 results Oil and gas production was 13,125 barrels of oil equivalents (boe) per day,
The construction of onshore and offshore oil and gas pipelines is driving growth in the welding equipment and consumables market. Growth is largely due to high demand from major pipeline construction companies requiring welding equipment, consumables, manufacturing automation, steel pipes, cables an
Delek Group has announced that in reference to the immediate reports dated August 19th, 2009 and July 8, 2010 the Company’s Board of Directors decided on August 4th, 2010 to increase its investment in Noble Energy Inc. (“Noble”) shares to amount up to approx. 4% of Noble’s issued and outstanding sha
TGS’ CEO Robert Hobbs said .”As previously noted, our sales in the second quarter were negatively affected by a delay in the announcement of Norway’s 21st licensing round as well as some early effects of regulatory uncertainty in the U.S. Gulf of Mexico. In contrast, we have seen increased activity
Schilling Robotics received an order for two of its 4,000 meter (13,000 feet) rated UltraHeavy-Duty™ (UHD™) Remotely Operated Vehicles (ROVs) from Australian subsea specialist TS Marine. The UHD™ systems will be delivered in the summer of 2010. The UHD™ systems will be outfitted with Schilling’s XE™
BP has received authorization from the National Incident Commander (NIC) to conduct cementing operations on the MC252 well as part of the static kill procedure. Pumping operations are expected to begin Thursday, August 5th. All operations are being carried out with the guidance and approval of the N
Afren plc (Afren) and its partner Oriental Energy Resources (Oriental), announce the Naming and Sail Away Ceremony for the Virini Prem Floating Storage Offloading vessel (FSO) at the Yulian shipyard in China. The Virini Prem FSO (formerly Prem Prachi) will be the crude oil storage and export facilit
AWE Limited advises that at 0600 hours today the Tuatara-1 well was at a measured depth of 773 metres after running and cementing 13-3/8” casing and landing the BOP’s in preparation for drilling ahead in 12-1/4” hole. Progress for the week was 613 metres. Tuatara-1 is located in PEP 38524, in the we
Ithaca has entered into an agreement to acquire certain UK North Sea gas interests from GDF SUEZ E&P UK Ltd for a cash consideration of GBP 11.25 million (approximately US $16.9 million) (the “Acquisition”). The Acquisition includes operated interests in the producing Anglia Field, for which the ass
Norskan Offshore in Brazil, a subsidiary of DOF ASA has been awarded four 8 years contracts with Petrobras for large AHTS vessels. Two of the charter contracts are for newbuildings nos 26 and 27 at STX Promar in Brazil. Norskan is in final negotiation with STX Promar for two newbuilding contracts to
BP announced that it has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia’s national oil company (51 per cent), and Talisman of Canada (49 per cent). The two companies will pay BP a total of $1.9 billion in cash, su
Polarcus Limited announced today that the Company, in association with its partner Sonar Limited, has received a Letter of Intent from OMEL Exploration and Production Nigeria Limited for a 530 square kilometer 3D seismic acquisition project over block OPL 279, offshore Nigeria. The project, to be ac
According to internal assessments at Noble Energy, the U.S. partner in the Leviathan offshore gas exploration site off Israel’s coast… by By Lior Zeno (Haaretz) [mappress] Source: Haaretz, August 4, 2010:
