Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
Sea Trucks Group has won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to provide an accommodation vessel for the Arkutun-Dagi Project, operated by Exxon Neftegas Limited, in Sakhalin, Russia. Sea Truck’s Jascon 25 vessel will be used for the project…
South Korea's STX Offshore & Shipbuilding Co. Ltd. launched SCF Melampus, the first of two ice-class LNG carriers ordered by Sovcomflot OJSC. The first vessel is to be delivered in late 2014; the second in early 2015. STX signed the $400million contract to build the two 170…
The Arctic is one of the few areas remaining with large finds to be made. In order to operate and develop fields in the Arctic, new technologies are needed and are being developed, from ice-management systems to innovations in drilling. The…
Eni Norge is testing an autonomous underwater vehicle (AUV) designed to carry out subsea environmental monitoring along predetermined tracks. The project is part of investment by Eni Norge in research and development linked to new and improved techniques for monitoring the marine environment…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…
Norwegian engineering and construction firm Kvaerner has opened an office in Moscow to position itself for future arctic construction projects. Kvaerner's office in Moscow is being led by Andrey Plotnikov, with a staff of 10 people currently focusing on business development activities…
A wildcat well drilled 5km northwest of the recent Wisting Central oil discovery in the Barents Sea has been classified as dry, says the Norwegian Petroleum Directorate. The latest well, 7324/7-1 S, known as Wisting Alternative, is in production…
Finnish firms Navis Engineering Oy and Aker Arctic Technology Inc have signed a scientific and technical co-operation agreement covering the joint development of technology for dynamic positioning (DP) systems for icebreakers and ice-class vessels…
The first subsea production facility has been brought on stream offshore Russia, Gazprom announced. The Kirinskoye gas and condensate field, part of the Sakhalin III project, is a 28km subsea tie-back to shore, in the Kirinsky block in the Sea of Okhotsk…
Eni Norge’s exploration well on the Bønna prospect was dry, according to the Norwegian Petroleum Directorate (NPD). The wildcat well 7016/2-1 was the first drilled in production license 529 in the Barents Sea, about 185km southwest of the Snøhvit field and 160km northwest of Tromsø…
More needs to be done to develop Russian subsea production capabilities in order to develop hydrocarbon resources in Russia’s arctic seas, SPE Arctic & Extreme heard in Moscow yesterday. According Gazprom, there is an estimated 21-46Billion tons of oil and 36…
The international hunt for resources in the arctic is unlikely to lead to confrontation, but it is possible, the SPE Arctic and Extreme Environments conference heard in Moscow today. Former British diplomat in Russia, Sir Anthony Brenton…
A busy 2013 seismic acquisition season is continuing in the Barents Sea, with CGG announcing the completion of its second Broadseis campaign and Dolphin Geophysical launching a new survey. The increase in seismic acquisition activity in the area…
Heavy lifting, transport and installation firm Jumbo has launched its new K3000 class vessels with the launch of the Jumbo Kinetic from the Brodosplit shipyard in Split, Croatia. The vessels have a large, unobstructed hold and flush decks and are certified 1A Finnish Swedish Ice Class…
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