Tagged: Offshore

Norway cuts arctic barrel count

The Norwegian Petroleum Directorate has cut by 20 percent its best estimate of how much oil and gas lies in the budding near-arctic oil province of the southern Barents Sea, it was revealed Tuesday....

DnB Nor Markets opens Singapore office

DnB Nor Markets, Norway’s largest investment bank, sets up an equity research and securities sales team in Singapore. DnB Nor Markets, the investment banking division of Norway’s DnB Nor Bank ASA, yesterday announced it...

Siem Offshore moves to Norway

Norwegian shipowner Kristian Siem is in the process of transferring the ownership of his Siem Offshore fleet to Norway and will concentrate the day-to-day operation of the fleet in Kristiansand. 25 vessels will now be transferred...

Green light for Oselvar field in the North Sea

  June 19 The Norwegian Government approved the development of the Oselvar field, located in the North Sea about 250 km from the Norwegian coast, whose reserves are estimated at 52 million barrels of oil...

SCAN lines up more South American work

  OSLO, NORWAY: SCAN Geophysical ASA has signed a Letter of Intent for a 3D seismic operation in the South American region using multi-purpose 3D vessel M/V SCAN Stigandi. The 3D work includes operations with a...

Gazprom and StatoilHydro sign MoU

  Gazprom Management Committee Chairman Alexei Miller and StatoilHydro President and CEO Helge Lund signed a Memorandum of understanding June 5 in St. Petersburg on the sidelines of the XIII International Economic Forum. The...

Prepare pandemic plans, oil industry hears

  Norwegian oil companies have been instructed to ready their “pandemic plans” for personnel going offshore or arriving from overseas missions, it was understood Monday. Surgical masks are to be donned by helicopter pilots...

Aker Solutions up despite “legal threat”

April 15 – Shares in offshore contracting giant Aker Solutions rose over five percent early Wednesday despite persistent reports the government, a shareholder, was considering legal action over its forced support of a billion-dollar...