Defence sales buoy Tasmanian company for the Oil & Gas Industry

Defence sales buoy Tasmanian company for the Oil & Gas Industry

Global success in the Defence industry has given a small Tasmanian, Australian business
Fiomarine, the confidence to take its popular Fiobuoy to the Oil and Gas market.The innovative technology has been proven by consistent and major sales to the Royal Australian and United States Navies which the Company hopes to replicate in the Oil and Gas market. Full text

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Lundin awarded 6 exploration licences in UK

2008.11.14 - Industry

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that in the United Kingdom's 25th Licensing Round it was awarded six exploration licences of which five are operated licences. The licence interest ranges from 25 percent to 100 percent.

The awards cover 14 blocks or part-blocks in the Central and North Sea basins. Several prospects identified have seismic anomalies consistent with hydrocarbon accumulations in the region.




See also:

Deepwater expenditure to reach nearly $25 billion annually by 2012

A new study published today by analysts Douglas-Westwood The World Deepwater Market Report 2008-2012 forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Speaking at the Deep Offshore Technology International Conference 2007, Stavanger, today, John Westwood, Douglas-Westwood MD commented that “the deepwater oil & gas industry is set for continued growth through to 2012, with over 30% growth forecast for the 2008-2012 period when compared with the previous five years.

Taking a long view in the far north

The Arctic will become increasingly important, not least because of oil and gas, believes Norwegian foreign minister Johan Gahr Støre. But Norway will not be planting a flag at the North Pole.

BP Restructuring to Secure Long Term North Sea Future

BP is today announcing proposed plans for important changes to its North Sea organisation, headquartered in Aberdeen, designed to secure a long-term future for the company's oil and gas business in the UK.

GE Energy Completes Acquisition Of Sondex, A Global Oilfield Technology Company

GE Energy announced today it has completed the acquisition of Sondex plc to further expand its capability and expertise in oil & gas drilling and wireline technology.

ODIM STRATEGIC ACQUISITION FOR DEEPWATER BUSINESS

ODIM ASA has reached agreement today on acquiring ABAS Crane of Aukra and Aker Brattvaag Winch in Søvik for a total of NOK 80 million. These two companies deliver such products as special cranes, lifting systems and specialised electrical winches for ships and offshore installations