Norwegian Energy Company ASA (Noreco) today presents its second quarter 2013 report, with a negative EBITDA of NOK 45 million and a net loss of NOK 504 million for the period. Significant events in the second and third quarter 2013 include: Start-up of Huntington production in April more than doubles [...]

Network Rail has published more data today about its expenditure as part of its transparency drive. The updated figures cover board minutes, budget and costs of high profile projects, executive and non-executive director’s expenses, payment performance and sourcing cycle times, safety KPIs, and staff salary breakdown. New categories added this [...]

Island Offshore, a Norway-based Light Well Intervention (LWI) specialist, has been selected by Premier Oil UK Limited to undertake a new LWI service contract on the UK Continental Shelf. Premier, a growing oil and gas exploration and production company, awarded the business to Island Offshore and the North Sea RLWI Alliance, [...]

Carillion is looking to extend its controversial early payment system after signing up more than 200 subcontractors and suppliers. The firm said that a survey of firms using the Early Payment Facility found nine in 10 said the reverse factoring arrangement had a positive effect on their ability to access [...]

Norway’s AGR today announced it has appointed Jorunn Sætre to lead its  Norwegian Rig Team and manage the company’s rapidly growing Stavanger office. With a distinguished career spanning more than 30 years in the international energy industry, Jorunn brings a wealth of experience to her new roles. Prior to her recent [...]

On the 27th of August, GDF SUEZ E&P Nederland B.V. (GDF SUEZ) and EBN B.V. (EBN) finalized an acquisition of a 40% share in the L5a block in the Dutch North Sea. The L5a block is located 100 kilometres northwest of Den Helder and includes the L5a-E oil field. EBN [...]

LONDON -- The UK is continuing to keep renewable energy investors at arms’ length by publishing key legislation in a piecemeal manner and backing shale gas at the expense of developing biomass. That is the verdict of analysts at consultancy Ernst & Young (EY), who warn that the British government “is now playing [...]

Lundin Norway AS has received consent to use the Bredford Dolphin semi-submersible rig for drilling and production testing of the Johan Sverdrup discovery in the North Sea. The consent applies to drilling and production testing of well 16/5-4, which belongs to production licence 501. Planned start-up is September with a [...]

A £10.5m investment to the rail line between Wrexham and Shrewsbury has begun, Network Rail has announced. Ten miles of life-expired track will be upgraded and realigned to make the journey smoother for passengers. Works will also strengthen the Cefn viaduct with water-proofing, to protect the listed structure. The line [...]

Subsea 7, a company specialising in seabed-to-surface engineering, construction and services contractor, will be exhibiting a range of innovative technologies that have become key features of its North Sea portfolio, focusing specifically on three principle areas of operation: SURF (Subsea, Umbilical, Risers and Flowlines), Life-of-Field, and ROV and Intervention support. [...]

Infrastructure specialist FM Conway is developing a new £10m asphalt manufacturing and recycling plant near Heathrow, Middlesex. The ‘Heathrow Asphalt’ plant will supply highways clients and partners in west London with the capacity to produce up to 300,000 tonnes of asphalt annually. FM Conway has received planning consent for the [...]

Aberdeen-based subsea installation contractor Bibby Offshore has secured a multi-million pound contract with Maersk Oil UK. The agreement will see Bibby Offshore commit its Diving Support Vessel (DSV), Bibby Sapphire, to support construction and inspection, repair and maintenance (IRM) activities on Maersk Oil UK’s North Sea assets for a period [...]