KONGSBERG signs deal with offshore intallation group

Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings. Full text

Industry

Flexible Network Forum launches in Norway

2009.05.27 - Industry -

Flexible Network Forum launches in Norway

A global initiative to promote shared knowledge of flexible pipe issues in the subsea sector makes its Norwegian debut this week. Set up by the Aberdeen office of advanced subsea technology company MCS in a bid to raise standards and generate cross-company relationships in the subsea engineering community, the popular Flexible Network Forum (FNF) programme has already taken place in Aberdeen and Perth Australia. Full text

Sigma secures £2 Million Funding boost to develop enabling technology

2009.05.26 - Industry -

Sigma secures £2 Million Funding boost to develop enabling technology

Aberdeen-based Sigma Offshore Limited, the engineering and project management company, which has developed a unique mooring and loading system for production and storage vessels servicing the oil and gas sector, has secured funding totalling £2 million to further develop its enabling technology for stranded oil reserves. Full text

Schlumberger acquires petrophysical software company Techsia

2009.05.20 - Industry -

Schlumberger acquires petrophysical software company Techsia

Schlumberger announced today that it has acquired the shares of Techsia SA, a supplier of petrophysical software based in Montpellier, France. Techsia, well-known in the industry for its flagship Techlog© product, will become the Schlumberger Petrophysics Software Center of Excellence for the development of state-of-the-art solutions for the oil and gas exploration and production industry. Full text

Industry Comment: Peak Oil, Not Speculation

2009.05.12 - Industry -

Industry Comment: Peak Oil, Not Speculation

n seeking to explain the run up in oil prices from 2004 to 2008, commentators often turn to ‘speculation’ as the primary cause. While speculation — or at least a kind of piling-on — may have explained the very late stages of the oil price rally, the willingness to attribute oil prices primarily to financial investors — as the CBS news show ’60 Minutes’ did a few months back. Full text

TGS Renaissance Seismic Program Grows with 2009 Acquisition Plan

2009.05.12 - Industry -

TGS Renaissance Seismic Program Grows with 2009 Acquisition Plan

The seventh season of the TGS Renaissance 2D seismic program in partnership with Fugro AS has commenced. This regional grid of long offset and long record seismic data has been expanding since 2003 and is located in the North Sea, the Mid-Norway and the Barents Seas. Full text

Offshore Technology Conference Attendance Proves Strong in Tough Year

2009.05.08 - Industry -

Offshore Technology Conference Attendance Proves Strong in Tough Year

Attendance at the 2009 Offshore Technology Conference (OTC) reached 66,820 strong despite a global economic recession and initial concerns about swine flu. Energy professionals from more than 120 countries met at the world’s largest offshore resources industry event, held May 4-7 at Reliant Park in Houston. Full text

The Underwater Centre first to deliver electromagnetic subsea inspection training

2009.05.06 - Industry -

The Underwater Centre first to deliver electromagnetic subsea inspection training

The Underwater Centre in Fort William is to be the first diver training centre in the world to offer Alternating Current Field Measurement (ACFM) courses.As the world's leading subsea training facility, The Underwater Centre specialises in the delivery of diver and ROV pilot training and offers unique facilities for testing and trialing new technology. Full text

GE Oil & Gas Announces a close cooperation with SPT Group

2009.05.06 - Industry -

GE Oil & Gas Announces a close cooperation with SPT Group

GE Oil & Gas, a world leading company in oil & gas advanced technology equipment and services, announced today that it has agreed to a close cooperation with SPT Group that offers its global customers enhanced online flow assurance solutions for improved flow regularity over the life of the field. Full text

Norwegian Ministry of Petroleum and Energy awards 20th Licensing Round

2009.05.03 - Industry -

Norwegian Ministry of Petroleum and Energy awards 20th Licensing Round

The awards in the 20th licensing round comprise 9 new production licenses in the Barents Sea and 12 new production licenses in the Norwegian Sea. The Government puts great weight on important environmental and fisheries concerns. The conditions relating to environmental and fisheries concerns has therefore been strenghtened. In some block there have been introduced time restrictions on seismic surveys. Full text

Chevron Welcomes Western Australian Environmental Protection Authority Decision on Gorgon Project

2009.05.03 - Industry -

Chevron Welcomes Western Australian Environmental Protection Authority Decision on Gorgon Project

Chevron Corporation welcomes today's recommendation by the Western Australian Environmental Protection Authority's (EPA) that the revised and expanded Chevron-operated Gorgon Project could meet the EPA's environmental objectives. Full text

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