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PA Resources Filed Petition to Extend the Corporate Reorganisation
Sweden >> 9/17/2018 - PA Resources AB has filed a petition with the Stockholm District Court to extend the corporate reorganisation with a further three months. The company filed for corporate reorganisation on the 26 Marc...
Repsol Granted Drilling Permit for Well 6705/7-1 in PL 705
Norway >> 2/23/2017 - The Norwegian Petroleum Directorate has granted Repsol Norge AS a drilling permit for well 6705/7-1, cf. Section 8 of the Resource Management Regulations. Well 6705/7-1 will be drilled by the Transoce...
OGA Launch Well P&A Optimisation Programme
United Kingdom >> 2/23/2017 - The Oil and Gas Authority (OGA) has launched a search for operators to voluntarily participate in a multi-operator, well plug and abandonment (P&A) optimisation programme. The objective of the pilot p...
Investment Flows Into Commodities – February 2017
Investment Flows Into Commodities – February 2017 Austria >> 2/22/2017 - Open interest volume (OIV) increased in January for selected US commodity markets such as agriculture, crude oil, copper, precious metals, agriculture and livestock, while it decreased for natural gas...
Prysmian to Provide Submarine Power Cable Links for Offshore Wind Farms in France
France >> 2/22/2017 - Prysmian, world leader in the energy and telecom cable industry, has been awarded a contract worth more than € 300 million with Réseau de Transport d'Electricité (RTE) to develop submarine cable links...
McDermott to Present at the DNB Annual Oil, Offshore & Shipping Conference in Norway
Norway >> 2/22/2017 - McDermott International, Inc. (MDR) announced that Scott Munro, Vice President, Americas, Europe & Africa, will speak at the DNB Annual Oil, Offshore & Shipping Conference in Oslo, Norway on March 1, ...
Boskalis Awarded Inter-Array Cabling Contract for EnBW Hohe See OWF
Germany >> 2/21/2017 - Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded an inter-array cabling contract with a value of approximately EUR 80 million by EnBW Hohe See GmbH & Co.K...
Order after Serious Well Control Incident on Troll Field
Norway >> 2/21/2017 - The PSA has conducted an investigation of the serious well control incident in well G-4 on the Troll field with Songa Endurance on 15 October 2016. Several breaches of the regulations have been identi...
PSA Grants Aker BP Consent to Connect Oda Field to Ula Field
Norway >> 2/21/2017 - The PSA has granted Aker BP consent to connect the Oda field to the Ula field. The Oda field, for which Centrica Resources is the operator, is to be developed as a subsea facility tied back to the Ula...
Norway Sees Decrease in January Oil Production
Norway >> 2/21/2017 - Preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate. This is 42 000 barrels per day (about 2 percent) less than Decem...
World Economy - February 2017
Austria >> 2/18/2017 - 
VNG Anticipates Pil & Bue FID by Year-End
Norway >> 2/18/2017 - VNG Norge and its partners in PL 586 have passed the second decision gate (DG2) for the Pil & Bue project. This milestone is the formal decision of continuation of the project (Beslutning om videref?r...
Photosol Selects First Solar Technology to Power Utility-Scale PV Plants in France
France >> 2/17/2017 - First Solar, Inc. (FSLR) announced that Photosol, a French photovoltaic (PV) solar energy company, has selected its high performance, lower-carbon, thin film modules to power 14 utility-scale solar po...
Geoex Extends Offer Period to Acquire Shares in MCG
United Kingdom >> 2/17/2017 - References are made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA ("MCG" or the "Company") made on 19 January 2017, the Offer Docu...
First Production from Stella Field in the UK North Sea
United Kingdom >> 2/17/2017 - Ithaca Energy Inc. (Ithaca) is pleased to announce the successful start-up of production from the Stella field. Production has been started from the field and oil export to the adjacent shuttle tanker...
Enquest Reports Kraken FPSO in the Field & Hooked Up
United Kingdom >> 2/17/2017 - The Kraken Floating Production Storage and Offloading (FPSO) vessel arrived at the field on Monday 13 February, anticipating good weather conditions. The hook up of the Submerged Turret Production (ST...
Secured Term Financing Facility of up to £4 million
United Kingdom >> 2/16/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to announce that it has finalised a Secured Term Facility of up to £4 million (the ...
Angus Applies for Admission of up to £3,500,000 of Secured Bonds
United Kingdom >> 2/16/2017 - Angus Energy has published an Information Memorandum (the “IM”) in connection with an application for admission of up to £3,500,000 sterling denominated secured bonds of denomination £1, with a maturi...
Pennine Petroleum Signs Velca Block PSA in Albania
Albania >> 2/15/2017 - Pennine Petroleum has announced that it has signed a Production Sharing Agreement ('PSA') with Albpetrol for the exploration and development of the Velca Block in Albania. The finalized PSA contains a...
Relinquishment of SEL 4/07, Offshore Ireland
Ireland >> 2/15/2017 - Lansdowne Oil & Gas plc, the independent oil and gas company focused on offshore Ireland, announces the relinquishment of SEL 4/07, with effect from December 31st 2016. ...
Wintershall Selects Development Solution for Skarfjell
Norway >> 2/15/2017 - Wintershall and its license partners Capricorn, Bayerngas, Edison and DEA have selected a development solution for the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the rese...
Atlas Copco Awards Recognize Innovative Breaker & Compressor Monitoring Technology
Sweden >> 2/15/2017 - Atlas Copco’s most prestigious awards this year recognize the development of a highly energy-efficient and ergonomic breaker, and a compressor monitoring technology that is generating significant savi...
Alstom & The CoSMo Company to Develop a New Rail System Efficiency Application
France >> 2/14/2017 - Alstom, a global leader in rail transportation and The CoSMo Company, a global technology company specialized in decision management, announce a strategic partnership to develop a new application to i...
Prosep Awarded Contract For Statoil’s Troll B ZMP Project
Norway >> 2/14/2017 - ProSep, the industry-leading technology and service provider for integrated process solutions, announced today it will supply one (1) ProDry™ unit to Statoil for the Troll B ZMP Project. ProSep’s proj...
Amec Foster Wheeler Wins FEED Contract for Uranium Project in Spain
Spain >> 2/14/2017 - Amec Foster Wheeler announces it has been awarded a Front End Engineering Design (FEED) contract by Berkeley Energia for its uranium processing plant at its Salamanca Project, in western Spain. The sc...
ABB Strengthens Digital Offering by Acquiring Leading Pioneer in 3D Inspection Technology
Switzerland >> 2/14/2017 - ABB has acquired the Spanish start-up company NUB3D, a leading innovator of digital, 3D inspection and quality-control solutions. The acquisition expands the group’s portfolio of ABB Ability™ solution...
Thames Water Utilities Awards Contract to Jacobs
United Kingdom >> 2/14/2017 - Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by Thames Water Utilities Limited in the United Kingdom to provide engineering and environmental consultancy services for the remainder of it...
Oil Market Highlights – February 2017
Austria >> 2/13/2017 - Crude Oil Price Movements
The OPEC Reference Basket averaged $52.40/b in January, representing a gain of 73cent over the previous month. NYMEX WTI and ICE Brent also saw gains, increasing...
Review of Global Oil Demand Trend - February 2017
Austria >> 2/13/2017 - World oil demand in 2016 continued its healthy performance for the second year, with growth set to be above 1.3 mb/d. This growth is in line with our initial projection for the year in July 2015. Howe...
Crude Oil Price Movements - February 2017
Austria >> 2/13/2017 - The OPEC Reference Basket (ORB) averaged $52.40/b in January, representing of 1.4% and its highest level in more than a year and a half. This compares with a monthly average of $25/b seen in the same ...
Commodity Markets - February 2017
Austria >> 2/13/2017 - Energy commodity prices advanced in January, as oil prices rose while coal and natural gas prices generally declined. In the category of non-energy commodities, agriculture commodities showed a broad-...
World Oil Demand - February 2017
Austria >> 2/13/2017 - World oil demand growth in 2016 was revised higher by around 70 tb/d to now stand at 1.32 mb/d. The upward revision was primarily a reflection of better-than-expected data from OECD Europe and Asia Pa...
World Oil Supply - February 2017
Austria >> 2/13/2017 - Preliminary data indicates that world oil supply in January 2017 fell by 1.29 mb/d m-o-m to average 95.82 mb/d. The decline was due to lower OPEC and non-OPEC oil production. Year-on-year, world oil s...
Product Markets and Refinery Operations - January 2017
Austria >> 2/13/2017 - Product markets in the Atlantic Basin received support in January from the top of the barrel on the back of higher export opportunities in gasoline and naphtha. This, along with the positive performan...
Tanker Market - February 2017
Austria >> 2/13/2017 - Spot freight rates in January continued the recovery started in 4Q16, showing general improvements across all tanker sectors. This improved sentiment was seen on all reported routes and in various t...
Oil Trade - February 2017
Austria >> 2/13/2017 - Preliminary data for January shows that US crude oil imports increased to average 8.4 mb/d, up by 489 tb/d from the previous month and by 683 tb/d or 9% from the previous year. Similarly, US monthly ...
Stock Movements - February 2017
Austria >> 2/13/2017 - OECD commercial oil stocks fell in December to stand at 2,999 mb. At this level, OECD commercial oil stocks are around 299 mb above the latest five-year average. Crude and products indicate a surplus...
Balance of Supply and Demand – February 2017
Austria >> 2/13/2017 - Demand for OPEC crude in 2016 stands at 31.3 mb/d, which is 1.8 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected to be 32.1 mb/d, around 0.8 mb/d higher than this year. ...
Rosneft Boosted its Throughput at German Refineries & Increased Crude Oil Deliveries
Germany >> 2/13/2017 - Rosneft Deutschland GmbH (a Rosneft subsidiary) started operating business in Germany, key European market for refined products. Rosneft boosted its throughput at refineries in Germany to 12.7 mmt in ...
EU plus Norway Stock Movements - January 2017
EU plus Norway Stock Movements - January 2017 Norway >> 2/13/2017 - Preliminary data for November shows total European stocks fell by 12.8 mb to stand at 1,125.8 mb, which is 12.2 mb, or 1.1%, below the same time a year ago and 46.7 mb, or 4.3%, higher than the latest...
Norway's Oil Minister Officially Opens Aker BP's Ivar Aasen Field
Norway >> 2/13/2017 - Norway's Minister of Petroleum and Energy Terje S?viknes has officially opened Aker BP's Ivar Aasen field in the North Sea. 'The development of Ivar Aasen is an important milestone for the oil indust...
Statoil Awards Contracts for ERRV for NOK 2.7 Billion
Statoil Awards Contracts for ERRV for NOK 2.7 Billion Norway >> 2/13/2017 - Statoil awards Simon Mokster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of N...
Oil Discovery in Filicudi Prospect in Southern Barents Sea
Norway >> 2/13/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil and gas discovery in the main well 7219/12-1 and is pres...
Lundin Petroleum Proposes Spin-Off of its Non-Norwegian Producing Assets
Norway >> 2/13/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its Board of Directors has proposed to spin-off its assets in Malaysia, France and the Netherlands (the “IPC Assets”) into a newly fo...
Expiry of Farm-in Option between CLNR & Verus Petroleum
United Kingdom >> 2/13/2017 - On 10 May 2016, Cluff Natural Resources Plc (CLNR) had entered into an option with Verus Petroleum (SNS) Ltd (Verus) to acquire a 25% interest in licences P1944 (Block 14/20e) and P2156 (Block 15/11 &...
Wartsila Joins Seabin Project in the Battle Against Ocean Plastics
Finland >> 2/10/2017 - The Finnish technology group Wartsila has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans. The pr...
AXYS to Participate in First Stage of Wind Development in France
France >> 2/10/2017 - AXYS Technologies Inc (AXYS) is pleased to announce its participation in French EolMed wind development initiatives in the zone between Port-La Nouvelle and Gruissan. An AXYS WatchKeeper buoy will be ...
NPD Gives Consent for Expansion of the Gas Plant at Nyhamna
Norway >> 2/10/2017 - The Norwegian Petroleum Directorate (NPD) has granted consent for start-up of the expansion of the gas plant at Nyhamna in More og Romsdal County. This will allow the Ormen Lange field in the Norwegia...
TransGlobe Executes Prepayment Agreement & Marketing Contract
Switzerland >> 2/10/2017 - TransGlobe Energy Corporation is pleased to announce the signing of a US$75 million crude oil prepayment agreement between its wholly owned subsidiary, TransGlobe Petroleum International Inc. ("TPI") ...
Atlantis Resources Joins Forces with Natural Energy Wyre
United Kingdom >> 2/10/2017 - Atlantis Resources, a global leader in the development of marine renewables, is pleased to announce an agreement to partner with Natural Energy Wire (NEW) to develop the Wyre tidal project planned to ...
McLaren & BP Castrol Confirm Technical Collaboration
United Kingdom >> 2/10/2017 - McLaren has joined forces with BP and Castrol for the provision of Formula 1 fuels and lubricant technology as well as the supply of products for McLaren Automotive, the renowned British manufacturer ...
Polarcus Agrees Terms for 5 1/2 Year Bareboat Charter
Norway >> 2/9/2017 - Polarcus Limited (Polarcus) is pleased to announce that one of its Norwegian subsidiaries has entered into a heads of agreement with SCF GEO AS (Sovcomflot), to charter a vessel on bareboat terms with...
First Electricity Delivered from Dudgeon Offshore Wind Farm
Norway >> 2/9/2017 - Up to 6,000 homes in UK are now receiving electricity from the first producing wind turbine on Dudgeon Offshore Wind Farm. When fully operational later in 2017 the offshore wind farm will provide elec...
Sequa Petroleum Plans to Cease its Activities in Norway
Norway >> 2/9/2017 - Sequa Petroleum N.V. (Sequa) announces that following a strategic review it plans to cease its E&P activity in Norway conducted through Tellus Petroleum AS, and focus on acquiring assets elsewhere in ...
Innova Norway selects Sonardyne SPRINT-Nav for Resident ROVs
Norway >> 2/9/2017 - Innova AS, a specialist subsea engineering and technology company based in Norway, has selected acoustic and inertial navigation technology from Sonardyne International Ltd., for two new in-field resi...
DNV GL Connects the Oil & Gas Industry with a New Data Platform
Norway >> 2/9/2017 - The oil and gas industry is increasingly recognizing the need to overcome data quality issues and manage ownership, control, sharing and the use of data. As a trusted third party, DNV GL is now launch...
LGO to Apply for New Production Concession for Ayoluengo Field
Spain >> 2/9/2017 - LGO provides an update on the Ayoluengo Field in northern Spain which was previously operated by its wholly owned subsidiary Compan?a Petrol?fera de Sedano, S.L.U. (CPS) until the termination of La Lo...
Sparrows to Supply 103 Cranes for the East Anglia Wind Farm
United Kingdom >> 2/9/2017 - Aberdeen-based Sparrows Group has signed a contract to supply 103 cranes for installation at ScottishPower Renewables’ 714 megawatt East Anglia ONE offshore wind farm. Located off the coast of Suffolk...
First Electricity Delivered from Statoil's Dudgeon Wind Farm
United Kingdom >> 2/9/2017 - Up to 6,000 homes in UK are now receiving electricity from the first producing wind turbine on Dudgeon Offshore Wind Farm. When fully operational later in 2017 the offshore wind farm will provide elec...
Lundin Granted Drilling Permit for Edvard Grieg Appraisal
Norway >> 2/8/2017 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-27, cf. Section 8 of the Resource Management Regulations. Well 16/1-27 will be drilled from the Island ...
DOF Adds Vessels Olympic Commander & Olympic Hera to Its Fleet
Norway >> 2/8/2017 - A Norwegian limited company, not owned by DOF, has signed an agreement with Olympic Shipping regarding purchase of two vessels, Olympic Commander and Olympic Hera. ...
Aker Solutions Secures Two Global Engineering Framework Accords
Aker Solutions Secures Two Global Engineering Framework Accords Norway >> 2/8/2017 - Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP globally. ...
Sparrows to Supply Cranes for East Anglia ONE Wind Farm
United Kingdom >> 2/8/2017 - Aberdeen-based Sparrows Group has signed a contract to supply 103 cranes for installation at ScottishPower Renewables’ 714 megawatt East Anglia ONE offshore wind farm. Located off the coast of Suffolk...
4Subsea Gets Snorre B Contract
United Kingdom >> 2/8/2017 - 4Subsea delivers integrity monitor systems for six flexible risers on Statoil’s semi-submersible platform Snorre B in the North Sea. The company was awarded the contract shortly after having delivered...
New Scottish Government Decommissioning Fund is Encouraging
United Kingdom >> 2/8/2017 - Deirdre Michie, chief executive, Oil & Gas UK said: “The First Minister’s announcement of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector...
Public Consultation Begins on Brent Oil & Gas Field Decommissioning Programme
United Kingdom >> 2/8/2017 - An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun following submission by Shell U.K. Limited (Shell), the field’s operato...
Shell Submits Brent Decommissioning Plans
United Kingdom >> 2/8/2017 - Royal Dutch Shell is to call time on four decades of history as it prepares to publish multi-billion pound plans to dismantle the colossal oil rigs in the Brent oilfield in what will be viewed as a ma...
Teesside Wins Again as Offshore Wind Supply Chain Develops
United Kingdom >> 2/8/2017 - Teesside is set to benefit further from DONG Energy's huge offshore windfarm, Hornsea Project One, as another multi-million pound contract was signed in Port Clarence in Middlesbrough today. ...
MOL Wins Six New Licences in Hungary's 4th Licensing Round
Hungary >> 2/7/2017 - MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the count...
ABB Wins Safety & Automation Agreement for New Offshore Oil Field Development in Norway
Norway >> 2/7/2017 - ABB has signed a project specific agreement for the safety and automation system with Statoil for the Johan Castberg offshore oil field development. Statoil has issued the first call-off from the agre...
SOC Completes Cable Installation Works on the Veja Mate Offshore Wind Farm
United Kingdom >> 2/7/2017 - Siem Offshore Contractors (SOC) is pleased to announce that all 73 inner array grid cables of the Veja Mate Offshore Wind Farm have been installed and trenched 10 weeks ahead of schedule. ...
Egdon Resources Provides Update on Wressle Field Development
United Kingdom >> 2/7/2017 - Egdon Resources plc provides an update on plans to progress the development of the Wressle oil field following the recent decision of North Lincolnshire Council’s Planning Committee to refuse planning...
Results of Further Technical Analysis of Lancaster & Lincoln Wells
United Kingdom >> 2/7/2017 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the results of further technical analysis of its Lancaster...
OPEC Reference Basket - January 2017
OPEC Reference Basket  - January 2017 Austria >> 2/6/2017 - Month-on-month (m-o-m), the ORB ended 2016 nearly 20% higher, or up by $8.45, in December to average above $50/b for the first time in a year-and-a-half. The increase in December was the highest perce...
La Francaise de l’Energie Confirms its First Drilling Goal
France >> 2/6/2017 - La Francaise de l’Energie (LFDE) is pleased to announce the CBR-1 well, currently being drilled at Lachambre in the Moselle region in France, has successfully reached its first target located at 1080 ...
OGA Awards 21CXRM Contracts for SW Britain & East Shetland Platform
United Kingdom >> 2/6/2017 - As part of the 21st Century Exploration Road Map initiative (21CXRM), the Oil and Gas Authority (OGA), in collaboration with the 21CXRM Technical Advisory Committee, has awarded two contracts for petr...
Europa Oil & Gas Farms out Holmwood Prospect in Weald Basin
United Kingdom >> 2/6/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce that its wholly owned subsidiary has signed a Farm-Out Agreement (FOA) ...
Disruption at UK's Rough Gas Storage Site to Extend Beyond April 2017
United Kingdom >> 2/6/2017 - Britain will not be able to inject additional supplies to its largest gas storage site after six of its wells failed tests, delaying a plan to have them back in service by the end of April, operator C...
Siemens Completes Key Test of 3D-Printed Gas-Turbine Blades
United Kingdom >> 2/6/2017 - German engineering group Siemens has run a successful test of power generation gas turbine blades produced wholly by metal-based 3D printing by UK-based Materials Solutions, which it bought last year....
Jacobs Providing Strategic Policy Development Support to Transport for London
United Kingdom >> 2/6/2017 - Jacobs Engineering Group Inc. (JEC) has been awarded a two-year contract by Transport for London (TfL) to provide integrated impact assessment (IIA) services to support development and finalization of...
NU-Oil and Gas Announces Placing & Subscription to Raise £2.05m
United Kingdom >> 2/6/2017 - NU-Oil is pleased to announce that on 3 February 2016 it completed a placing and a subscription of new ordinary shares of 0.1 pence each in the Company (Ordinary Shares) to raise £2.05 million in tota...
Petrofac Secures BP Maintenance Contract
United Kingdom >> 2/6/2017 - Petrofac is set to build on its provision of maintenance services for BP, following the award of a three-year extension to its existing contract in the North Sea. The contract, worth in the region of ...
Statoil Completes Johan Sverdrup Field Appraisal Well 16/2-22 S
Norway >> 2/3/2017 - Statoil Petroleum AS, operator of production licence 265, has concluded the drilling of appraisal well 16/2-22 S on the Johan Sverdrup oil field in the central part of the North Sea, 155 kilometres no...
Gas Discovery near North Sea Valemon Field
Norway >> 2/3/2017 - Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent...
Alstom in Spain Awarded for Its Innovation Processes at the KPMG-El Confidencial Awards
Spain >> 2/3/2017 - The third edition of the KPMG-El Confidencial business awards took place in Madrid. These awards recognize the best business practices carried out in Spain in the following categories: Innovation, Dig...
New Long-Term IMR Frame Agreement in the Asia Pacific Region
United Kingdom >> 2/3/2017 - In Asia Pacific, DOF Subsea has been awarded a 3-year IMR frame agreement with one of the major oil and gas companies in the region. DOF Subsea has recently secured a Safety Case for Geoholm, and the ...
Axens Takover Bid on Heurtey Petrochem
France >> 2/2/2017 - Following the reopening of the tender offer (the Offer) between January 16th and 27th, 2017, Axens now holds in concert with IFP Investissements, a total of 4,354,286 shares and 4,428,786 voting right...
Senvion Installs Largest Rotors in France
France >> 2/2/2017 - Senvion, a leading global manufacturer of wind turbines, has completed the installation of five Senvion 3.0M122 wind turbines, equipped with a 122 meter rotor diameter, the largest rotor ever installe...
Mining on Top – Africa Summit Moves to Frankfurt for 2017
Mining on Top – Africa Summit Moves to Frankfurt for 2017 Germany >> 2/2/2017 - The 4th edition of MOTA, taking place from 6-7 July in Frankfurt, Germany will focus on the current industry changes and areas of development from both a government and mining company perpective, with...
Wintershall Selects Development Concept for Skarfjell
Norway >> 2/2/2017 - Wintershall, as operator, and its PL418 license partners have selected a preferred concept for the development of the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the reser...
Prospex Oil & Gas Conditionally Raises £850,000 Gross
United Kingdom >> 2/2/2017 - Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that, subject to shareholder approval, including in respect of a share capital reorganisation, it has conditionally r...
Geoex Increases Initial Offer for Acquisition of MultiClient Geophysical
United Kingdom >> 2/2/2017 - Reference is made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA (MCG) made on 19 January 2017 and the offer document approved by t...
ITF Steps up Action to Solve Costly Pipe-Walking Problems
United Kingdom >> 2/2/2017 - The Industry Technology Facilitator (ITF) is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk ...
SKF Destroys 15 Tons of Fake Bearings
Sweden >> 2/1/2017 - SKF has recently completed legal proceedings against a dealer of counterfeit bearings in Greece. Initiated in 2009, a total of 15 tons of counterfeit SKF bearings were seized as part of a raid at a de...
ABB Microgrid to Bring Clean Energy & Power Reliability to Alaska Community
Switzerland >> 2/1/2017 - ABB will provide an innovative microgrid, combining battery and flywheel based storage technologies, designed to test scalability and improve power stability for around 300,000 people in Anchorage, Al...
Subsea 7 Completes Fleet Investment Programme
United Kingdom >> 2/1/2017 - Subsea 7, a global leader in seabed-to-surface engineering, construction and services, has taken delivery of Seven Arctic and Seven Kestrel, successfully completing a substantial and targeted fleet in...
Honeywell to Provide Largest Oleflex™ Unit for Borealis AG
Belgium >> 1/31/2017 - Honeywell (HON) announced that Borealis AG selected Honeywell UOP’s process technology for a proposed plant in Kallo, Belgium, that converts propane into propylene, a primary ingredient for making pla...
Alstom to Provide New Automation Systems for Lines B and D of the Lyon Metro
France >> 1/31/2017 - Alstom and the SYTRAL have signed a contract worth 91 million euros for the supply of new automatic operation systems to lines B and D of the Lyon metro. The automatic start-up of line B is planned fo...
Chevron Extends Contract for Blackford Dolphin
Norway >> 1/31/2017 - Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has agreed an extension of its current contract with Chevron North Sea Ltd for the semi-submersible Blackford Dolphin. The extension cover...
Kerogen Capital Invests in Norway-Based Pandion Energy
Norway >> 1/31/2017 - Kerogen Capital has made an initial commitment of US$100 million to Pandion Energy AS (Pandion Energy), an exploration and production company focused on the Norwegian Continental Shelf (NCS). Pandion ...

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