Akastor Stays in Red
Oilfield services investment company, Akastor, has posted a loss of NOK 251 million ($32.4 million), compared with NOK 3.26 billion ($ 421 million,  NOK 3.23 billion from discontinued operations) in...

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Subsea World News
Wintershall gets nod for North Sea wildcat drilling
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, in the Norwegian North Sea.  Well 35/12-5 S will be drilled from the Transocean Arctic semi-submersible drilling rig after completing the drilling of wildcat well 6406/2-8 for Wintershall Norge AS in production licence 589. The drilling programme for […]
Offshore Energy Today
Statoil spuds Bister well in Norwegian Sea
Statoil has spudded the Bister exploration well in the Norwegian Sea, offshore Norway. The Bister prospect, formally known as well 6407/8-7, is located in the Norwegian Sea in Licence PL 348/C, which also contains the producing Hyme field and the 2013 Snilehorn discovery. The licence is located adjacent to the producing Njord field (Faroe 7.5%) with […]
Offshore Energy Today
Ophir buys four PSCs offshore Indonesia from Niko
Ophir Energy plc has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources (Niko). Ophir entered into agreement with Niko to acquire interest in seven PSCs in October 2014. The PSCs that have been acquired today (April 28) are West Papua IV, Aru, Kofiau and Halmahera-Kofiau, all of which will be […]
Offshore Energy Today
Prysmian Group wins contract from Tennet for offshore wind farm

Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the High Voltage Direct Current (HVDC) offshore grid connection project SylWin1 realised off the North Sea coast of Germany in a contract with the Dutch-German transmission system operator TenneT.
Prysmian ... more
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