WorleyParsons announces an agreement to acquire 100% of the shares of Bergen Group Rosenberg AS (“Rosenberg”) for a cash consideration of NOK 1,088m (including more than NOK 200m of acquired cash). Rosenberg is a wholly-owned subsidiary of Bergen Group ASA, a listed Norwegian company. Completion of the acquisition is expected by the end of February […]
February 21, 2013 | Posted in
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Today, the Ministry of Petroleum and Energy is announcing this year’s licensing round for mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA) 2013. The aim is to award new production licences in the announced areas at the beginning of 2014. “I am very pleased to announce this year’s licensing […]
February 15, 2013 | Posted in
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Aberdeen-based Dana Petroleum has announced the appointment of a new Managing Director for its Norwegian activities. Reidar Hustoft took up his new position on 1 February replacing John M Dahlen, who is retiring from the company. John was a co-founder of Ener Petroleum which was acquired by Dana in 2007. Reidar previously ran Dana’s business […]
The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the NPD’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year. The mapping is a follow-up on the atlas from 2011 for the Norwegian part of the North Sea, which was estimated to be […]
January 28, 2013 | Posted in
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The Ministry is offering shares in 51 new production licences to 40 companies in connection with the 2012 Awards in Predefined Areas (APA 2012). “Today, I am sending out offers linked to 51 new production licences for the Norwegian continental shelf. I am pleased to see strong, broad-based interest in the most well-known parts of […]
January 15, 2013 | Posted in
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The Norwegian Research Council (NRC) has awarded a 3-year grant to Bergen-based underwater technology company WiSub for further development of technology designed to facilitate pin-less subsea data connections at data transfer speeds exceeding 1Gbps. Primary application of this innovative technology will be within the international subsea oil & gas industry, starting with the harsh environment […]
December 20, 2012 | Posted in
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So far this year, 12 discoveries have been made on the Norwegian shelf. Six of these were made in the North Sea, and three in the Barents Sea and the Norwegian Sea respectively. A total of 27 wildcat wells have been completed, giving a discovery rate of 44 per cent. So far, 42 exploration wells […]
December 18, 2012 | Posted in
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Ratos and the Sixth AP Fund together with the Norwegian industrial and financial group Ferd, have signed an agreement to acquire all the shares in Aibel, a leading Norwegian supplier of services related to oil, gas and renewable energy. The purchase price (enterprise value) amounts to approximately NOK 8 600m. Ratos will own 32% of […]
December 18, 2012 | Posted in
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Schlumberger announced that it has acquired GeoKnowledge, a Norwegian-based software company specialized in delivering exploration decision-support solutions for the oil and gas industry. GeoKnowledge supplies the industry-leading GeoX software suite for exploration prospect risk, resource and value assessment, and is the corporate standard for more than 100 oil and gas companies worldwide. “The combination of […]
Nexans, a worldwide expert in the cable industry, has been awarded a 45 million Euro contract by Statoil to supply static and dynamic umbilicals for three fast-track projects on the Norwegian Continental Shelf - the Oseberg Delta field (North Sea), the Snøhvit gas field (Barents Sea) and the Smørbukk Sør (Norwegian Sea). Nexans’ specialized facility […]
December 12, 2012 | Posted in
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