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Category Archives: News

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Norway Greenlights Sverdrup Plan, Gassco Pipeline Operator

June 23, 2015

Norwegian Parliament has approved the plan for development and operation of the first stage of the Johan Sverdrup field in the North Sea. The development will involve investment of nearly 120 billion in the first stage. Several major contracts related to the development of the Johan Sverdrup is already allocated Norwegian companies. “Sverdrup is the… Continue Reading »

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Tullow Pays $250 Million to Settle Uganda Tax Dispute Out of Court

June 23, 2015

Tullow Oil has agreed to pay $250 million to settle a tax dispute with the Ugandan government out of court, almost half of the sum the east African country had originally demanded in tax relating to a sale of oil licences. Legal proceedings have now been dropped, Tullow said on Monday. Shares in Tullow were rose… Continue Reading »

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Aker Solutions Cuts Up to 200 Jobs in Subsea Division

June 14, 2015

Aker Solutions has notified employees at its subsea services facility in Ågotnes, Norway, that it has become necessary to adjust the plant’s workforce capacity because of a decline in activity in the Norwegian market. Between 150 and 200 positions in Ågotnes may be affected. Adjustments will be made through normal employee turnover, reassignments to other parts… Continue Reading »

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Texas Railroad Commission: Q&A with Chairman Christi Craddick

June 13, 2015

Fresh from the 84th session of the Texas Legislature, Texas Railroad Commission chairwoman Christi Craddick took some time to talk with Rigzone about money, impact and the future of legislative action on the industry. Rigzone: Every legislative session has a set of marquee issues. What do you think were the key oil and gas agenda… Continue Reading »

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Siemens, J–Power Systems Get NEMO LINK Contract

June 13, 2015

NEMO LINK announced the two winning contractors who will build the first electricity interconnector between Great Britain and Belgium. They are Siemens and J–Power Systems, the Japan-based company, a subsidiary of Sumitomo Electric Industries, Ltd. The contracts are together valued at about €500m (USD556.4m). Siemens will build the converter stations in both Kent and Zeebrugge using their HVDC Plus technology and… Continue Reading »

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Midnight Deadline Approaches for Oil Spill Settlement Claims

June 11, 2015

A midnight deadline looms for people and businesses claiming economic harm or property damage resulting from the 2010 BP oil spill in the Gulf of Mexico. The Monday night deadline is for filing a claim under a 2012 settlement arising from the spill. Claims administrator Patrick Juneau says there has been an uptick in the… Continue Reading »

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Indonesia Hopes to Rejoin OPEC by Year-End

June 7, 2015

Indonesia hopes to rejoin OPEC by the oil producer group’s next meeting in around six months’ time, Energy Minister Sudirman Said said on Thursday. Last month, the minister said the country’s President Joko Widodo had agreed to a plan for Indonesia to rejoin the Organization of the Petroleum Exporting Countries, over six years after Southeast Asia’s biggest crude producer left the… Continue Reading »

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Petrobras Said to Plan $2.5 Billion 100-Year Bond Offering

June 7, 2015

Petroleo Brasileiro SA is selling $2.5 billion of 100-year bonds, returning to overseas capital markets for the first time since the emergence of a bribery scandal at the state-controlled oil company. Petrobras is seeking to issue securities due in 2115 to yield 8.45 percent, said a person familiar with the matter who isn’t authorized to… Continue Reading »

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DOF Subsea, Viking SeaTech in Survey and Positioning Deal

June 6, 2015

Viking SeaTech, an international provider of mooring and marine solutions has completed a Co-operation Agreement with DOF Subsea Survey & Positioning UK for the provision of survey and positioning services worldwide. According to Viking SeaTech, the agreement with DOF Subsea S&P UK will become a key component of its strategic plan to offer this integrated solution… Continue Reading »

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