Breaking News:

6:37:34 pm CDT PM

Tuesday, 28 May 2013

Business

Petoro to look for oil on Iceland's shelf

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

alt The Norwegian state oil company Petoro through its subsidiary Petoro Iceland, has signed an agreement to participate as a partner in the first two licences awarded on the Icelandic continental shelf (ICS).(Photo: Jan Mayen)

Statkraft considers osmotic power pilot facility

Business - General Business

Tuesday, 28 May 2013 18:37

Only two years after the osmotic power prototype was opened at Tofte in Hurum (photo), Norway's Statkraft has started to assess a location for a possible pilot facility of 1-2 MW.

Kvaerner awarded Delaware power plant contract

Business - General Business

Tuesday, 28 May 2013 18:37

The Norwegian construction company Kvaerner has been awarded a contract to build the Garrison Energy Center, a 309MW combined cycle gas-fired power plant in Dover, Delaware.

Aker Solutions wins Gullfaks South contract

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

alt Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million.

New Statoil discovery offshore Tanzania

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

alt The Norwegian energy provider Statoil has announced that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania.

Statoil invests on the British Shelf

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

alt Norway's Statoil has made the decision to invest in the development of the Mariner oil field in the North Sea, the largest new offshore development in the UK in more than a decade.

Merger between DNV and GL

Business - General Business

Tuesday, 28 May 2013 18:37

An agreement has been signed to merge the Norwegian classification company Det Norske Veritas (DNV) and Germanischer Lloyd (GL). The new entity will be called DNV GL Group, and will be headquartered in Norway.

Statoil acquires US shale gas acreage

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

Norwegian energy provider Statoil has announced the acquisition of around 70,000 operated net acres in the liquid rich part of the central Marcellus shale gas area. The total consideration is USD 590 million.

Oil&Gas: Twelve discoveries on the Norwegian shelf

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

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.

Aker Solutions awarded global Shell contract

Business - Oil & Gas/Shipping

Tuesday, 28 May 2013 18:37

The Norwegian and international oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally.