TGS start 2D Multi-Client survey offshore Africa near Jubilee

TGS start 2D Multi-Client survey offshore Africa near Jubilee

TGS-NOPEC Geophysical Company (TGS) announced today that it has begun acquiring a new 8,600-kilometer multi-client survey offshore West Africa, consisting of long offset 2D seismic, gravity, and magnetic data. This regional program ties to the recent Jubilee discovery on the west side of Ghana and extends across shallow and deep water acreage that is not currently under lease. Full text

Company News

VetcoGray open subsea test center in UK

2008.05.07 - Company News -

VetcoGray open subsea test center in UK

VetcoGray, a GE Oil & Gas business, has announced plans to build a new, multi-million dollar hyperbaric test center at the company's Nailsea site. VetcoGray's subsea control modules will be rigorously tested to identify any dormant fault conditions that otherwise would be detected only after the pod was installed on the sea floor. Full text

Noreco to acquire Danish licences from Chevron

2008.04.30 - Company News -

Noreco to acquire Danish licences from Chevron

Norwegian Energy Company ASA (OSE:NOR), Noreco has received all required approvals for its acquisition of two Danish licenses from Chevron Denmark Inc. An exploration well will be drilled on the Gita prospect. Full text

Proserv acquire Bantam based control equipment specialist PT Petrotech

2008.04.22 - Company News -

Proserv acquire Bantam based control equipment specialist PT Petrotech

The Proserv Group has strengthened its position in the test and control systems market by purchasing PT Petrotech. Located in Bantam, Indonesia, with a subsidiary in New Orleans USA, PT Petrotech specialises in the design and manufacture of customised control equipment to international oil and gas markets. Full text

Aker Exploration increase share in North Sea blocks

2008.04.17 - Company News -

Aker Exploration increase share in North Sea blocks

Aker Exploration has acquired an additional 30% interest in PL 460 which covers parts of Blocks 25/1, 25/2 and 24/3 in the northern part of the North Sea, from StatoilHydro. Aker Exploration was awarded a 30% interest in this license in the APA 2007 awards announced in February 2008 and this transaction increases the company’s total interest in the license to 60%. Full text

Global Geo Services spin off seismic business into Spectrum ASA

2008.04.17 - Company News -

Global Geo Services spin off seismic business into Spectrum ASA

On 16 April 2008 the Board of Directors of Global Geo Services ASA (`GGS`) resolved to spin off the majority of the group`s seismic business to a newly established, wholly owned subsidiary, Spectrum ASA (`Spectrum`) against a consideration of MNOK 275. Full text

Hydro Group secure funding for subsea growth

2008.04.13 - Company News -

Hydro Group secure funding for subsea growth

Hydro Group plc, a global solutions provider of optical and electrical products in the subsea technology industry, has been granted £4 million capital funding by Clydesdale Bank to develop progressive new facilities. Full text

Ocean team concludes Mexico transaction

2008.04.12 - Company News -

Ocean team concludes Mexico transaction

Oceanteam ASA announced today that it has received approval from the Mexican Foreign Investments Commission to complete the purchase of 90% of the shares within Compania Naviera de Transporte Maritimo, SA de CV (''CONAT'') based in Cuidad del Carmen, Mexico. Full text

Deepflex get funding to expand subsea technology and capacity

2008.04.10 - Company News -

Deepflex get funding to expand subsea technology and capacity

DeepFlex, Inc., the world’s only manufacturer of flexible, unbonded, non-metallic composite pipe for use in deepwater and ultra deepwater oil and gas production, announced today that it has sold $33 million of Series C Preferred Stock. Full text

Scana and FPSOcean join forces in FPSO market

2008.04.07 - Company News -

Scana and FPSOcean join forces in FPSO market

Scana Industrier ASA and FPSOcean AS have agreed to establish a new company which will focus on developing technology and equipment for floating production units. This is a continuation of the ongoing jointly owned development of the DRB (Disconnectable Riser Buoy) turret and fluid transfer system. Full text

Norse Cutting and Abandonment acuire LIS Energy Services

2008.04.06 - Company News -

Norse Cutting and Abandonment acuire LIS Energy Services

Norse Cutting & Abandonment AS (NCA) acquires 100% of the assets of plugging and abandonment (P&A) specialist LIS Energy Services LLC in Louisiana, USA. The acquisition strengthens NCA’s service range significantly within the P&A and decommissioning industry and provides a vital next step in becoming the world leading decommissioning specialist. Full text

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