Lundin Petroleum AB commenced drilling of exploration well 7120/1-3 in PL492 in the Barents Sea. The well will target the Gohta prospect, which is located 150km northwest of the Norwegian coast, approximately 185km northwest of Hammerfest…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
The subsea industry is doing incredibly well, but it needs to reduce costs and invest more in technology development—according to the key note speaker at this week's UTC 2013. Kristian Siem, chairman of Subsea7 and its parent company Siem Industries…
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