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Pulse wins NOV contract for acoustic mooring line monitoring system in Norway

Pulse Structural Monitoring, an Acteon company, has been awarded a contract with National Oilwell Varco (NOV) Arendal in Norway to provide an acoustic mooring line subsea monitoring system to measure mooring line inclination and tension.

Shell sees signs of oil recovery though ‘rebalance’ to take time

More than a year after oil began to tumble, Europe’s largest oil company said the first signs of a recovery are only now starting to show.

Shell CEO ‘pulling out all the stops’ to safeguard dividends

Royal Dutch Shell Plc is “pulling out all the stops” to safeguard its dividend in a world where oil prices remain “lower for longer,” CEO Ben Van Beurden said.

EIC appoints Chris Haynes as new president

The Energy Industries Council (EIC), the leading trade association for UK companies that supply goods and services to the energy industries worldwide, has announced the appointment of its new president Chris Haynes OBE FREng.

Asset Guardian Solutions completes multiple projects for North Sea operator

Asset Guardian Solutions, which specializes in protecting companies’ process critical software assets, has completed a series of three projects for a major North Sea oil and gas operator that manages and operates numerous developments in the North Sea, Norway, Algeria and Russia.

Statoil enters UK license for Alfa Sentral project

Statoil has acquired First Oil’s 24% equity share in the UK license for Alfa Sentral field for $15 million.

UK firms aren’t maximizing UKCS value: Deloitte

A lack of effective supply chain collaboration means that companies are missing out on opportunities to maximize the potential value from the UK Continental Shelf (UKCS), according to a Deloitte survey of oil and gas operators and services companies.

Wintershall focuses on E&P as it completes Gazprom asset swap

BASF and Gazprom have completed an asset swap, which will allow Wintershall, a wholly owned BASF subsidiary, to focus on exploration and production while it exits the gas trading and storage business.

Statoil strikes out with wildcat south of Grane field

Statoil Petroleum, operator of production license 169, has concluded the drilling of wildcat well 25/11-28. The well was dry.

Plummeting Dutch gas output can't stop European price slump

Plummeting natural gas production from Europe’s biggest natural gas field hasn’t stopped prices sliding to a six-year low at the start of the winter heating season.

Seacrest announces $200-million-investment in new oil and gas company in Norway

Global investment firm Seacrest Capital Group has announced that they have partnered with OKEA AS, a new oil and gas development and production company that is headquartered in Trondheim, Norway.

Proserv acquires Nautronix Group Limited

Nautronix, a portfolio company of SCF Partners, has been acquired by Proserv.

Xodus enters Phase 2 of pioneering research into multiphase flow

Xodus Group, an international energy consultancy and Dutch innovation company TNO have completed the first phase of a pioneering joint industry project (JIP) into the dynamic forces which affect the integrity of piping systems, in particular through multiphase flow.

Russia, Ukraine gas agreement warms Europe amid widening glut

Ukraine, a dominant gas transit hub, reached a supply agreement Friday with Russia, the European Union’s largest outside supplier of the fuel.

J2 Subsea, WeSubsea renew global distribution partnership

J2 Subsea, an Acteon company, has renewed its global sales and rental distribution partnership with WeSubsea. The partnership provides customers around the world with technical support from J2 Subsea, and global access to the WeSubsea range of baskets, dredgers and tooling, available for rental and sale.

AVEVA and DNV GL Sesam’s integration to reduce costs in maritime and offshore engineering

Engineers designing ship hulls and offshore floaters can now save time and money in the early design phase due to a breakthrough allowing transfer of 3D models from AVEVA Marine to Sesam GeniE, the two design and engineering software systems in the maritime and offshore market.

Troll field marks 20 years since first oil

This week marks 20 years since the start of oil production from Troll field in the Norwegian sector of the North Sea, Statoil said Friday.

Statoil reduces capex for Johan Sverdrup Phase 1

Statoil, the operator for Johan Sverdrup, has presented a preliminary capex estimate for the first phase of the development, which is showing reduced capital expenditures as a result of a positive market response in contracts and purchase orders, partner Det Norske said Friday.

Repsol sells stake in CLH for €325 million

Repsol has reached an agreement to sell the 10% stake it held in Compañía Logística de Hidrocarburos (CLH) to investment company Ardian for 325 million euros.

Croatia puts off major oil and gas deals until after election

The Croatian government postponed the signing of all oil and gas production-sharing accords until after this year’s general elections in a move that may delay concession revenue inflow.