Norway's undeveloped resources: The US$106 billion prize
Aug 27, 2014
At ONS 2014 Wood Mackenzie releases its latest upstream estimates revealing that Norway has 10 billion barrels of oil equivalent (boe) of discovered natural resources yet to be developed. Despite being at different stages of evaluation, facing intense investor scrutiny and considerable technical and commercial challenges,

Keppel's subsidiary disposes of 35% stake in PV Drilling Overseas Company
Aug 26, 2014
Keppel Corporation Limited’s wholly-owned subsidiary, Joy Pride Investments Limited (Joy Pride), has on 22 August 2014 disposed

Key Petroleum faces problem at Dunnart-2 well in Perth Basin
Aug 26, 2014
Key Petroleum Limited says that since its last report the hole at Dunnart-2 well in EP437, Perth Basin, Western Australia, was

Atlantic Petroleum farms-out 6% equity in PL528/528B
Aug 26, 2014
Atlantic Petroleum Group has entered into a commercial agreement to farm out 6% of its 15% ownership in licence PL528/528B.

BP selects Asset Guardian Solutions software for Clair Ridge project
Aug 26, 2014
Asset Guardian Solutions Ltd (AGSL) says that BP has selected its proprietary software management platform Asset Guardian for

Cardinal Energy closes Wainwright acquisition
Aug 26, 2014
Cardinal Energy Ltd. has closed its previously announced Wainwright Acquisition effective August 22, 2014.

ACE Winches launches new technology during period of Norwegian expansion
Aug 26, 2014
Following significant Norwegian market growth, ACE Winches, will launch its latest technology - Reel Drive Systems (RDS) as it

Metgasco to seek an out-of-court settlement for PEL 16 dispute
Aug 26, 2014
Metgasco Limited confirms that it is in discussions with the New South Wales (NSW) Government to seek an out-of-court settlement

Applus RTD steps up its support to the Norwegian sector with new office in Bergen
Aug 26, 2014
Applus RTD will open up a base in Straume, Bergen following the demand for its non-destructive testing (NDT) services in the region.

80:20 establishes Norwegian operation to support regional growth
Aug 26, 2014
80:20 Procurement Services Ltd, a group member of Peterson, has established new operations in Stavanger as part of the firm’s

AziPac sign a farm-in agreement with Mitra Energy, offshore Vietnam
Aug 26, 2014
AziPac Limited, through its subsidiary Azimuth Vietnam Limited, has signed a farm-in agreement with Mitra Energy Ltd., (Mitra) the

Wärtsilä launches Low Loss Hybrid energy system offering fuel savings and reduced emissions
Aug 26, 2014
At the ONS 2014 exhibition being held in Stavanger, Norway from August 25 to 28, Wärtsilä will launch its new Low Loss Hybrid (LLH) innovation.

Industry’s first standard for certifying subsea equipment and components to drive efficiency
Aug 26, 2014
The subsea industry is challenged by the high cost levels, complexity and low predictability of quality control requirements

LGX Oil + Gas Inc. enters into $30 million bank facility
Aug 26, 2014
LGX Oil + Gas Inc. has spud the first horizontal well in its 2014 Alberta Bakken development drilling program, revised its 2014 exit

CNOOC Limited's Wenchang 13-6 oilfield commences production
Aug 26, 2014
CNOOC Limited’s Wenchang 13-6 oilfield has commenced production. Wenchang 13-6 oilfield, located in the west of Pearl River Mouth Basin

Petrowest Corporation signs $20 million bought deal financing
Aug 26, 2014
Petrowest Corporation has entered into an agreement with a syndicate of underwriters led by Beacon Securities Limited

Swala Energy commences 2014 seismic acquisition survey in Tanzania
Aug 26, 2014
Swala Energy Limited has commenced its 2014 2D seismic data acquisition programme over the Moshi Basin located within the

Schlumberger launches industry-first photorealistic reservoir geology service
Aug 26, 2014
Schlumberger has launched the Quanta Geo photorealistic reservoir geology service at the Offshore Northern Seas Annual Conference and Exhibition.The new service includes the industry’s first microresistivity imager that produces oriented, photorealistic, core-like images of the

Success in region results in significant Norway expansion for NOV Elmar
Aug 26, 2014
NOV Elmar has expanded its presence in Norway with a move into larger premises to meet increasing work levels.

Gulf Energy selects Origin Oil's technology to add frack and produced water cleanup services
Aug 26, 2014
OriginOil, Inc. was selected by Gulf Energy, as the technology provider for the company's new oil services business in frack and

NorSea Group makes long-term UK commitment
Aug 26, 2014
NorSea Group (UK) Limited is making a major, long-term commitment to the UK with the announcement that it will take over

JDR to showcase North Sea leadership at ONS 2014
Aug 26, 2014
At Offshore Northern Seas (ONS) 25–28 August, JDR will demonstrate its expanding offshore technology, product and service offer

AOR Group opens Africa Offshore Rentals
Aug 26, 2014
AOR Group has opened the company’s Africa Head Office branch in Cape Town, South Africa, from where the company will rent

LR Senergy to hold joint industry survey with LR Energy at ONS
Aug 26, 2014
An innovative survey of five crucial issues affecting the North Sea’s future is to be conducted during ONS by international