Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…
Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry. It was set up…
Corac Group subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company, a subsidiary of Saudi Aramco, for a revised scope of work to develop an in-pipe gas compressor (IGC). The amendment will enable CET to support the design…
Two projects aiming to develop small unmanned production facilities for use on marginal fields have been given a boost. Unmanned Production Buoy (UPB), based in Banchory, near Aberdeen, has signed a memorandum of understanding with engineering firm AMEC to provide engineering…
Aker Solutions has secured a three year contract for the first phase of decommissioning the Murchison platform in the North Sea, operated by CNR International (UK). Aker Solutions will manage the engineering design, procurement and offshore…
Seabed Geosolutions has secured a two year contract with Total E&P for its ocean bottom node seismic data acquisition technology. The contract utilises a 'call-out' mechanism for each acquisition survey with the option to extend the contract for an additional 24 months…
Dolphin Geophysical, in association with Searcher Seismic, is pleased to announce it has commenced acquisition of a new 3300sq km 3D SHarp BroadBand multi-client seismic survey in the Maud Basin South area of the Norwegian Barents Sea. The…
Goldman Sachs, ATP and PFA have agreed to invest DKK11 billion in DONG Energy - with a final agreement expected to be concluded before the end of 2013. The Danish state, represented by the ministry of finance, and DONG Energy, have reached…
Noble Energy, Inc. has downgraded the gross resource potential of its A-2 appraisal well, drilled on the Block 12 discovery offshore the Republic of Cyprus. With the reserve potential initially set between 5-8Tcf, the company has now lowered its figures to 3…
Dubai-based Dragon Oil plc has leased two LeTourneau S116E jackup rigs from BKE Shelf Ltd to use in its Cheleken Contract Area, offshore Turkmenistan. The Neptune and Mercury have been contracted for a period totaling three years. Neptune…
Availon, a leading wind farm service provider, announced that it was awarded a complete maintenance contract for Vattenfall’s 12MW Jänschwalde wind farm, located near Cottbus in the German federal state of Brandenburg. Availon was already…
Lundin Petroleum AB and its partner Gunvor Group signed a heads of agreement with Rosneft Oil Company to jointly sell 51% of PetroResurs LLC. PetroResurs, the Russian subsidiary of Lundin, is the 100% owner of the Lagansky block license…
The Switch, supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications, and Yaskawa Electric Corp., a global manufacturer of servomotors, controllers, inverters…
Lundin Norway AS confirmed a significant oil find in its Ghota discovery following the completion of a successful flow test of exploration well 7120/1-3, which proved gas flow at a rate of approximately 4,300 b/d. The test showed good production…
Norway-based Odfjell SE signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd., of China, for construction of four 17,000 cbm capacity LPG/Ethylene gas tankers. Odfjell also secured various options for delivery of up to four additional tankers…