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Balance of Supply and Demand in 2018 - October 2017
Balance of Supply and Demand in 2018 - October 2017 Austria >> 10/16/2017 - OPEC crude for 2018 was revived up by more than 0.2 mb/d from the previous month to 33.1 mb/d representing an increase of 0.3 mb/d over 2017. ...
SAIPEM Introducing the Division XSIGHT by Saipem
Italy >> 10/16/2017 - The High Value Services division, established with the company reorganisation launched in May of this year, has taken on its definitive name: XSIGHT by Saipem. This new name and logo marks the conclus...
Fugro Nominates Oystein Loseth as Member of the Board & CEO
Netherlands/Holland >> 10/16/2017 - Fugro’s current CEO, Paul van Riel, will retire as planned at the end of his term at the Annual General Meeting on 26 April 2018. The Supervisory Board of Fugro has decided to nominate Mr. Oystein Los...
Statoil Receives Consent to Drill Exploration Well 30/8-5
Norway >> 10/16/2017 - Statoil Petroleum AS (Statoil) is the operator for production licence 190 in the North Sea. We have given the company consent to drill exploration well 30/8-5. Drilling is planned to begin in November...
NU-Oil and Gas Wins Best Performing Stock at AIM Awards 2017
United Kingdom >> 10/16/2017 - NU-Oil and Gas plc was awarded Best Performing Share at the recent AIM Awards 2017. Best Performing Share is a factual award based on share price performance over the period of assessment, being 1 Aug...
Tekmar Energy Secures API 17L Independent Certification
United Kingdom >> 10/15/2017 - Tekmar Energy has recently achieved independent approval for the design and manufacture of its PU bend restrictors for compliance to the American Petroleum Institute’s (API) 17L1 & 17L2 specification ...
Sirius Shipping Invests in Onboard Online Monitoring
Sweden >> 10/13/2017 - With ten vessels in its fleet, Sirius Shipping transports liquid media such as oil and chemicals to ports in Northern Europe. Its destinations are mainly in Denmark, Norway, Finland and Sweden. Delive...
Angus Energy Completes Drilling of Lidsey-X2
United Kingdom >> 10/13/2017 - Angus Energy has successfully completed the drilling of the Lidsey-X2 production well. The Company will produce from a “net oil pay” section of 443 metres (m) from the Great Oolite limestone reservoir...
Genel Energy Appoints New Chief Operating Officer
United Kingdom >> 10/13/2017 - Genel Energy plc announces that Paul Schofield is stepping down from the role of Chief Operating Officer and will leave the Company on 16 October 2017. Dr. William (Bill) Higgs will succeed him in the...
EKOGRID in-Situ Test for Creosote Remediation Completed For Global Rollout
Finland >> 10/12/2017 - Greentech specialists Eko Harden Technologies today announces that completion of a year-long controlled test of contaminated creosote soil in Canada using its pioneering EKOGRID technology allows it t...
Fugro Divests Non-Core Trenching & Cable Laying Business
Netherlands/Holland >> 10/12/2017 - Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24% in the combined bus...
Weatherford Wins Repsol Norge Plug & Abandonment Contract
Norway >> 10/12/2017 - Weatherford International plc has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge AS. The work will commence in October 2017 and is estimated to be completed over a per...
Costs Rise for Norway's Martin Linge Oilfield Development
Norway >> 10/12/2017 - The cost of developing Total’s Martin Linge oil and gas field off the coast of Norway has risen by a further 1.4 billion Norwegian crowns ($177 million) in the last year to 41.3 billion, the governmen...
Consent for Modifications Relating To Gas Lift at Tambar
Norway >> 10/12/2017 - Petroleum Safety Authority of Norway has given Aker BP consent to perform modifications relating to gas lift at Tambar. The gas lift project is part of a major field development project at Tambar. The...
RED Engineering delivers advanced monitoring technology
Scotland >> 10/12/2017 - New monitoring technology developed by RED Engineering has been used for the first time to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Bea...
SKF & Scotrenewables Partner to Advance Floating Tidal Power
Scotland >> 10/12/2017 - SKF Ocean Energy has worked with Scotrenewables’ engineering team to supply a number of key components and holistic systems for the latter’s groundbreaking SR2000 tidal stream turbine, as well as prov...
Oil & Gas UK Comments on UK Government’s Clean Growth Strategy
United Kingdom >> 10/12/2017 - Commenting on the UK Government’s Clean Growth Strategy, Mike Tholen, Upstream Policy Director with Oil & Gas UK, said: ...
Technology Demonstration Brings New Calibration System a Step Closer to Market
United Kingdom >> 10/12/2017 - Potential business partners got the chance to see an innovative new calibration system in action at a technology demonstration event which took place over two days at the end of September. The event w...
Maersk Drilling Secures Contract Extensions for Two Rigs
United Kingdom >> 10/12/2017 - Maersk Drilling has been awarded two contract extensions in the North Sea. Both rigs have recently been re-activated to the North Sea from warm stacking. The estimated duration of the two extensions i...
CPR Confirms Significant Reserves Upgrade in Southern North Sea Assets
United Kingdom >> 10/12/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person’s Report (CPR) on the Vulcan Satellites, Blythe ...
Balance of Supply and Demand - October 2017
Austria >> 10/11/2017 - OPEC crude in 2017 is estimated to be 32.8 mb/d, or 0.6 mb/d higher than in 2016. In 2018, OPEC crude is projected to reach 33.1 mb/d, about 0.3 mb/d higher than in 2017. ...
Crude Oil Price Movements - October 2017
Austria >> 10/11/2017 - The OPEC Reference Basket (ORB) increased by about 8% for the third consecutive month in September to reach $53.44/b, its highest value since July 2015.The ORB also ended 3Q17 higher at about $50/b, ...
Commodity Markets - October 2017
Austria >> 10/11/2017 - In September, energy commodity prices generally increased, led by higher crude oil prices. Natural gas prices in the US and Europe increased due to favourable weather patterns. Base metals continued ...
World Economy - October 2017
Austria >> 10/11/2017 - Ongoing positive momentum in 2H17 OECD growth, coming after a better-than-expected 1H17 output, as well as the potential tax reform in the US in 2018, the ongoing growth dynamic in the Euro-zone (and ...
World Oil Demand - October 2017
Austria >> 10/11/2017 - 2017 world oil demand growth was revised higher by around 30 tb/d, compared to the previous month’s report, reflecting the positive momentum in the OECD region and China. As a result, world oil deman...
World Oil Supply - October 2017
Austria >> 10/11/2017 - World oil supply in September was revised up by 0.41 mb/d m-o-m from the previous MOMR to average 96.50 mb/d, representing an increase of 1.08 mb/d y-o-y. ...
Product Markets and Refinery Operations - October 2017
Austria >> 10/11/2017 - Product markets in the Atlantic Basin improved further in September at the top of the barrel on the back of higher gasoline demand. The middle distillate market continued to improve globally on the b...
Tanker Market - October 2017
Austria >> 10/11/2017 - In September, tanker spot freight rates for dirty and clean vessels generally saw improved sentiment across all classes trading on various routes. ...
Oil Trade - October 2017
Austria >> 10/11/2017 - Preliminary data for September shows that US crude oil imports decreased to average 7.1 mb/d, down by 856 tb/d from last month. They also saw a drop from last year of 919 tb/d, or 11%. On a y-t-d bas...
Stock Movements - October 2017
Austria >> 10/11/2017 - OECD commercial oil stocks fell by 24.7 mb in August to stand at 2,996 mb, which is around 171 mb above the latest five-year average. Crude and products indicated surpluses of 146 mb and 25 mb above ...
Oil Market Highlights - October 2017
Austria >> 10/11/2017 - Crude Oil Price Movements
The OPEC Reference Basket rose to $53.44/b in September, its highest value since July 2015. Crude futures prices also saw gains, with ICE Brent averaging above t...
The Winter Product Markets Outlook - October 2017
Austria >> 10/11/2017 - Oil product markets in the major consuming regions performed well this summer, favoured by the seasonally-higher gasoline demand. US refinery markets averaged as high as $20/b by the end of the summ...
Bayerngas Norge Receives Consent to Drill Well 35/9-13
Norway >> 10/11/2017 - Bayerngas Norge AS (Bayerngas) is the operator for production licence 682 in the North Sea. We have given the company consent to drill exploration well 35/9-13 in a prospect called Tethys. Drilling is...
ConocoPhillips Receives Consent to Use West Elara at Ekofisk
Norway >> 10/11/2017 - ConocoPhillips has received consent to use the West Elara mobile drilling facility for drilling and completion of water injection wells at Ekofisk 2/4 VC. Drilling is scheduled to begin in the last qu...
Jacobs Receives Framework Agreement for Dounreay Nuclear Decommissioning Project
United Kingdom >> 10/11/2017 - Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a four-year framework agreement from Dounreay Site Restoration Limited (DSRL) to provide mechanical, electrical, control and instrumentation s...
Government Confirms Up to £557 Million for New Renewable Energy Projects
United Kingdom >> 10/11/2017 - Government confirms up to £557 million for next clean electricity auctions for less established renewables ahead of the launch of the Clean Growth Strategy. ...
Wood Group Wins Multi-Million Dollar Oil Refinery Contract with Total
United Kingdom >> 10/11/2017 - Wood has been awarded a new multi-million dollar contract by Total, supporting their Lindsey Oil Refinery located in North Killinghome, Lincolnshire, UK. The five-year contract is to provide onshore m...
The Oil Futures Market - September 2017
The Oil Futures Market - September 2017 Austria >> 10/10/2017 - Oil futures rose further in August, with ICE Brent gaining 5.5% and averaging above the $50/b mark, supported greatly by a decline in US crude oil stockpiles, somewhat lower supplies and healthy refin...
SKF Launches Modular Electromechanical Actuator
Sweden >> 10/10/2017 - SKF has launched the versatile CASM 100 electromechanical actuator with a variety of different modules, making it exceptionally adaptable to satisfy a range of applications in a variety of sectors. ...
Starting Construction of £16m Centre of Excellence
United Kingdom >> 10/10/2017 - The ground-breaking ceremony for NEL’s new Centre of Excellence (CoE) for subsea development took place in September. The spade-wielding honours were carried out by Michael Valente, CEO of TUV SUD UK’...
innogy Acquires Statkraft’s 50% Share in Triton Knoll Wind Project
United Kingdom >> 10/10/2017 - innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in the offshore wind project Triton Knoll. With the acquisition of Statkraft’s share, inn...
Fresh Insight into UK Oil & Gas Jobs Scene Captured in New Report
United Kingdom >> 10/10/2017 - New data providing more insight into the employment picture of the UK offshore oil and gas industry is published today (7 October) by Oil & Gas UK – the sector’s trade body. The people working on offs...
Statoil Drills Dry Well Northwest of Johan Castberg Discovery
Norway >> 10/9/2017 - Statoil Petroleum AS, operator of production licence 718, has completed the drilling of wildcat well 7317/9-1. The well is dry. The well was drilled about 100 kilometres northwest of the 7220/8-1 (Joh...
Lundin Spuds Exploration Well on Hufsa Prospect
Norway >> 10/9/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7219/12-2 on the Hufsa prospe...
MORGRIP® Compact Connector Awarded DNV GL Type Approval
MORGRIP® Compact Connector Awarded DNV GL Type Approval United Kingdom >> 10/9/2017 - Hydratight has been awarded DNV GL Type Approval for the lightweight MORGRIP® Compact Connector, which will be deployed for topside repairs in the oil and gas industry. The connector has been develope...
Wood Group Completes Acquisition of AmecFW for $2.9 Billion
United Kingdom >> 10/9/2017 - Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to the premium segment of the Official List and to tra...
Statoil Oil Discovery in Verbier Sidetrack on UKCS
United Kingdom >> 10/9/2017 - Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the im...
Worleyparsons to Buy AFW's Oil & Gas Assets for $298 Million
United Kingdom >> 10/9/2017 - Australian engineering firm WorleyParsons Ltd would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc for 228 million pounds ($298.22 million), marking its entry into the...
Eni's Arctic Goliat Field to Remain Shut for Repairs
Norway >> 10/6/2017 - Italian oil firm Eni’s Arctic Goliat oilfield off Norway will remain shut for repairs for “some weeks”, a company spokesman said. Norway’s Petroleum Safety Authority, which regulates the industry, sep...
Teekay Offshore Starts Contract for Randgrid FSO on Gina Krog Field
Norway >> 10/6/2017 - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced the Randgrid FSO, which was converted from one of the Partnership’s shuttle tankers at Sembcorp’s Sembawang shipyard in Sin...
Statoil Awards NOK 7 Billion Renegotiated Framework Agreements
Norway >> 10/6/2017 - Statoil is awarding renegotiated framework agreements to Bilfinger Industrier Norge AS and Kaefer Energy AS for ISO services (insulation, scaffolding and surface treatment). Valued at a total of more ...
NPD Grants Drilling Permit for Well 15/6-14 S in PL 029 C
Norway >> 10/6/2017 - The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/6-14 S, cf. Section 8 of the Resource Management Regulations. Well 15/6-14 S will be drilled from the...
OECD Europe Oil Demand - September 2017
OECD Europe Oil Demand - September 2017 Austria >> 10/5/2017 - Following strong growth for the whole of 2015 and 2016, European oil demand continued to surprise with a strong performance in the first half of 2017 – most data covers up to June 2017 – with some pre...
Saffron Energy to Acquire Italian Interests of Sound Energy & Po Valley
Italy >> 10/5/2017 - Saffron Energy, the AIM quoted European natural gas company with interests in Northern Italy, has entered into non-binding conditional heads of terms (the "Heads of Terms") with Sound Energy Plc (Soun...
Petrofac Secures North Sea Contract Extension from Chevron
United Kingdom >> 10/5/2017 - Petrofac has secured a contract extension from Chevron North Sea Limited (Chevron) for the provision of engineering services; an agreement it has held since 2014. The 12-month agreement, which comes i...
ISCF Funded Multiphase Research Now Underway
United Kingdom >> 10/5/2017 - Work has begun on an important piece of new research funded under the government’s Industrial Strategy Challenge Fund (ISCF). The research aims to develop traceable methodology and standards for the i...
Peacock Engineering Supply Flogas with ecom Specialist Mobile Devices Using Fingertip
United Kingdom >> 10/5/2017 - Peacock Engineering is supplying ecom specialist mobile devices for a major contract they have won with Flogas, one of European’s leading commercial and domestic LPG suppliers. The contract will see P...
Soussan & Peter Appointed to Head Mobility Division
Denmark >> 10/4/2017 - Sabrina Soussan (48) and Michael Peter (51) have been appointed to succeed Jochen Eickholt (55) as head of Siemens' Mobility Division, effective October 1, 2017. Eickholt has been appointed integratio...
Wartsila Signs a Contract to Supply LNG Terminal to Finland
Finland >> 10/4/2017 - The technology group Wartsila has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina, Finland. The scope includes site...
Wartsila to Acquire Puregas Solutions
Finland >> 10/4/2017 - The technology group Wartsila has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subs...
Wartsila Signs a Contract to Supply LNG Terminal to Finland
Finland >> 10/4/2017 - The technology group Wartsila has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina, Finland. ...
SKF Creating New European Aeronautical Test Centre
France >> 10/4/2017 - SKF is increasing its capacity to innovate by opening a new European Test Centre dedicated to high-speed aeronautical bearings. The new European High-Speed Aeronautical Bearings Test Centre, located a...
Siemens Completes Sale of Shares in Osram
Germany >> 10/4/2017 - Siemens has completed the sale of 18.155 million ordinary shares in Osram Licht AG, thereby raising gross proceeds of approx. €1.2 billion. The sale followed an accelerated bookbuilt offering to insti...
Wartsila to Acquire Puregas Solutions
Germany >> 10/4/2017 - The technology group Wartsila has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subs...
SKF Launches Single-Shaft/Multiple Bearing System Analysis Software
Sweden >> 10/4/2017 - SKF is adding an easier and faster bearing evaluation tool to its shaft analysis software portfolio. SKF SimPro Quick bridges the gap between SKF’s basic online software tools and its recently release...
NXG Drilling Services Expands with Move to Larger Operations
United Kingdom >> 10/4/2017 - NXG Drilling Services has invested more than £2m in two new North-east operations to cope with increased demand for its tools and equipment solutions. The business, launched at the start of 2017, has ...
Meter Testing for ME Client Highlights Flexibility of Multiphase Facility
United Kingdom >> 10/4/2017 - A high-value programme of meter testing for a leading oil exploration and production company from the Middle East is underway at NEL shortly. The project highlights NEL’s growing profile in the region...
Aker BP Completes Appraisal & Wildcat Wells Near the 25/2-10 S Discovery
Norway >> 10/3/2017 - The Norwegian Petroleum Directorate reports that Aker BP, operator of production licence PL 442, has completed the drilling of appraisal well 25/2-19 S and wildcat well 25/2-19 A. The wells were drill...
IOG Signs LOI with Heerema for Four North Sea Platforms
United Kingdom >> 10/3/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent (LOI) with Heerema Fabrication Group. (Heer...
Webinar on Meter Optimisation Gets Global Audience
United Kingdom >> 10/3/2017 - The benefits of using controlled reference fluids rather than live hydrocarbon fluids for calibration was highlighted at a recent webinar which attracted participants from around the world. ...
Cambridge Consultants to Develop Custom DNA at Lightning Speeds
United Kingdom >> 10/3/2017 - Product design and development firm Cambridge Consultants and SGI-DNA, a Synthetic Genomics Inc. company in San Diego, CA, USA, will be installing the first BioXp™ 3200 System in the UK. The implement...
Refinery Operations - September 2017
Refinery Operations - September 2017 Austria >> 10/2/2017 - Refinery utilization in the US recorded historical levels in August, despite plummeting towards the end of the month as Hurricane Harvey started to make landfall, shutting down considerable refining c...
DONG Energy to Change Company Name
Denmark >> 10/2/2017 - Following its profound strategic transformation from black to green energy, DONG Energy intends to change its company name. At a meeting today for DONG Energy’s employees, CEO Henrik Poulsen will anno...
We are Changing Our Company Name to ?rsted
Denmark >> 10/2/2017 - ?Following our profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the name DONG Energy does not fit our company anymore. ...
Overwhelming Acceptance by Creditors Entitled to Vote on Chapter 11 Plan
France >> 10/2/2017 - CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of Ne...
Statoil, Shell and Total Enter CO2 Storage Partnership
Norway >> 10/2/2017 - The partners are today signing a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts t...
Subsea 7 Announced Contracts Awarded to Subsea Integration Alliance
United Kingdom >> 10/2/2017 - Subsea 7 today announced the award of an integrated contract by Ophir Energy for the Fortuna LNG project offshore Equatorial Guinea, located in average water depths of 1,790 metres. The substantial(1)...
i3 Energy Submits ES & FDP for Liberator Field Development
United Kingdom >> 10/2/2017 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that the Environmental Statement (ES) for the development of i3's 100% operated and owned...
Naming Ceremony Held for World's Largest FSRU
Turkey >> 9/29/2017 - Mitsui O.S.K. Lines, Ltd. announced that a naming ceremony for the MOL FSRU Challenger was held at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd.in Korea on September 28.This ...
Doriemus plc Admitted to Trading on ASX
United Kingdom >> 9/29/2017 - Doriemus plc, the quoted company focused on UK based oil and gas exploration and production, has commenced trading on the Australian Securities Exchange (ASX). The Company successfully raised approxim...
OPEC Reference Basket - September 2017
OPEC Reference Basket - September 2017 Austria >> 9/28/2017 - The ORB moved higher for the second consecutive month, up by nearly 6%, the highest monthly percentage gain for the year. Global crude oil prices improved as OPEC and non-OPEC countries continued to c...
DONG Receives Approvals for the Divestment of its Upstream O&G Business
Norway >> 9/28/2017 - On 24 May 2017, DONG Energy announced the agreement to divest the entire share capital of DONG E&P A/S to INEOS, including that closing of the transaction was subject to certain regulatory approvals. ...
Bayerngas Granted Drilling Permit for Well 35/9-13
Norway >> 9/28/2017 - The Norwegian Petroleum Directorate has granted Bayerngas Norge AS a drilling permit for well 35/9-13, cf. Section 8 of the Resource Management Regulations. Well 35/9-13 will be drilled from the Songa...
Lundin Petroleum's Barents Sea Well 7220/6-3 Disappoints
Norway >> 9/28/2017 - Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed drilling of exploration well 7220/6-3 on the Borselv prospect in PL609 ...
CGG Completes 1st Full-Scale Topseis Survey in Barents Sea
Norway >> 9/28/2017 - CGG has successfully completed acquisition of the first-ever full-scale commercial survey using TopSeis™, its latest offshore broadband seismic acquisition and imaging solution. ...
Calling for a Transition towards Sustainable Energy Model
Spain >> 9/28/2017 - Repsol Chairman Antonio Brufau inaugurated the third edition of the Energy for Europe Conferences organized by the company in Brussels. European Commission Vice-President Jyrki Katainen and other lead...
Investment Flows into Commodities - September 2017
Investment Flows into Commodities - September 2017 Austria >> 9/27/2017 - Open interest (OI) increased in August for selected US commodity futures markets such as copper, crude oil and livestock while it was relatively stable for natural gas, agriculture and precious metals...
Praxair Shareholders Approve Merger with Linde
Denmark >> 9/27/2017 - The shareholders of Praxair, Inc. today approved the merger of Praxair, Inc. with Linde AG with 83 % of the total issued and outstanding shares of Praxair common stock voted to approve the business co...
Seismic Data Storage
Norway >> 9/27/2017 - One central element in exploration is the ability to successfully manage and provide access to high quality seismic data. This challenge is one of the reasons why the Diskos Database was established i...
DNV GL Appoints Liv Hovem as New Oil & Gas CEO
Norway >> 9/27/2017 - DNV GL has appointed Liv Hovem as the new CEO of its Oil & Gas business area. Starting 1 January 2018, Hovem will report to Group President and CEO Remi Eriksen. ...
Maersk Oil Leaders Appointed by Total to Future Roles
Norway >> 9/27/2017 - Maersk Oil leaders have been appointed by Total for the first management positions in the future business. The appointments are subject to successful deal closure and will not be effective before this...
Eni's 7122/10-1 S Barents Sea Well Disappoints
Norway >> 9/27/2017 - Eni Norge AS, operator of production licence 697, has completed the drilling of wildcat well 7122/10-1 S. The well, which was drilled about 10 kilometres southwest of the Goliat field, is dry. ...
Wintershall Norge Appoints Hugo Dijkgraaf as Managing Director
Norway >> 9/27/2017 - Wintershall announced Hugo Dijkgraaf as new Managing Director of its Norwegian subsidiary. Dijkgraaf (42) will take on the position in November this year, pending the appointment by the Wintershall No...
ABB Wins Record Order in Turkey for In Line II Fuse Switch Disconnector Technology
Turkey >> 9/27/2017 - ABB has received its largest-ever single order for 41,800 of its innovative InLine II fuse switch disconnector, for use in distribution boards across Turkey. The order marks a move by utility companie...
Leading Industry Decom Expert Joins Well-Safe’s Growing Senior Team
United Kingdom >> 9/27/2017 - Well-Safe Solutions has appointed a director of well abandonment to its growing list of decommissioning experts, bringing the senior team to nine since launching this summer. Matt Jenkins has joined W...
Siemens & Alstom Join Forces to Create a European Champion in Mobility
France >> 9/26/2017 - Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens’ mobility business including its rail traction drives business with Alstom. The transaction brings together two innovati...
Celebrating 30 Years of Software Innovation in Reservoir Characterization
France >> 9/26/2017 - CGG GeoSoftware is marking the 30th anniversary of its flagship reservoir characterization software products, Jason and HampsonRussell, at the SEG Annual Meeting in Houston. The occasion reflects a co...
PSI Announces Strategic Partnership with Advanced Control Systems
Germany >> 9/26/2017 - PSI Software AG (PSI), a global leader in software solutions for utilities and industry, and Advanced Control Systems, Inc. (ACS), a leading provider of Smart Grid solutions, have announced a new part...
Providence Resources Completes 53/6-1 Drilling Programme in FEL 2/14
Ireland >> 9/26/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine Basin. ...
Hansa Hydrocarbons Confirms an Important Discovery on Gems Licences
Netherlands/Holland >> 9/26/2017 - Hansa Hydrocarbons Limited (Hansa) is pleased to announce that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, has been confirmed as a significant discovery encountering ...

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