The Norwegian Government approved the development plan for the Martin Linge gas field. Until now the licensees have referred to the field as Hild. Located in the northern part of the North Sea, the field is about 150 kilometres west of Kollsnes. Total investments in the development amount to about N
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for two 3D seismic acquisition projects offshore Norway. The program will commence in mid-May and is expected to run for approximately 105 days. About Polarcus Polarcus is a pure play marine geophy
Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia. The Orange Basin program a
Lundin Petroleum AB (Lundin Petroleum) announces that the Gaupe field, located in the Southern North Sea, offshore Norway, commenced production on 31 March 2012. The Gaupe field is located in PL292 and is adjacent to the Norway – United Kingdom (UK) border, some 225 km from the Norwegian mainland. T
The Norwegian subsea entrepreneur Ocean Installer and A/S Norske Shell signed 30.03.12 a Letter of Intent to award an important contract. The contract covers EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen f
Wave energy developer, Carnegie Wave Energy Limited, advises that it is in the final stages of negotiations over the location of its grid-connected, CETO commercial demonstration project. The Company will update the market more fully once negotiations are complete. The CETO system distinguishes itse
Regarding the two seeps – one in November, 2011 and the second in early March, 2012 – found in the Frade oil field, in Campos Basin, offshore Brazil, Chevron (Operator of the Frade oil field) released an open letter to the public on 29 March 2012 on the major Brazilian newspapers as described below.
Bahamas Petroleum Company, the oil and gas exploration company with licences in The Commonwealth of the Bahamas, announces its final results for the year ended 31 December 2011. Highlights: · Successfully raised £45.6m through an equity placing; · 1,120km line2D seismic survey and competent persons
JSC Yantar Shipyard (Kaliningrad, Russia) works hard on construction of same-named Project 22010 oceanographic research ship. It is planned to maintain such working speed till the end of 2012 when the ship will be put afloat for outfitting and trials, reports the shipyard’s press service. To determi
LDD, an Acteon company providing near and offshore drilling and foundation services, announced that its custom-built LD5000 pile top reverse circulation drilling rig has been delivered to Birkenhead, UK, where LDD will use it to provide critical pile relief drilling for the installation of up to 160
Aker Solutions has successfully completed the manufacturing and subsequent load-out of eight subsea manifolds and six riser bases for Eni Norge’s Goliat project in the Barents Sea. On Tuesday 27 March the load-out commenced. This weekend, the heavy lift vessel Happy Dragon will sail away with her gi
The Transocean Leader unit from Transocean and Island Offshore’s light well intervention vessel Island Frontier have been named by Statoil as its rig and intervention team of 2011 respectively. “These two winners have achieved outstanding results,” Margareth Øvrum, executive vice president for Techn
In December 2011 and January 2012, the Petroleum Safety Authority Norway (PSA) conducted an audit of Statoil Petroleum AS (Statoil) and Island Offshore Subsea AS (Island Offshore). The audit was aimed at management of major accident risk and the barrier management system in connection with light wel
BP has decided to extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014, and the contract value is estimated to be in the ran
