Special reports

The German company Wintershall have received shares in six licences by the Norwegian Ministry of Petroleum and Energy, in the Awards for Predefined areas (APA) 2017 licencing round.

DEA wins five exploration licenses in the 2017 Awards in Predefined Areas (APA).

The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.

This CAN$33 million budget includes CAN$9 million of expansion capital and CAN$24 million of equipment maintenance and upgrade capital.

Deepwater Horizon have claimed facility approaches closure.

In 2017, the Nord Stream Pipeline delivered 51 billion m3 of natural gas to consumers in the European Union.

BiSN, a producer of metal-to-metal downhole sealing solutions, has been awarded significant investment by the Aberdeen-based Oil & Gas Technology Centre (OGTC).

The two companies have completed the transfer of rights in Lapa and Iara concessions.

The work will be performed with the subsea vessel Havila Subsea from early February onwards.

Aker BP has a strong cash flow outlook and a robust balance sheet with a US$2.9 billion liquidity reserve, enabling the company to increase dividends for 2018 to US$450 million, and further strengthen its position as the leading independent E&P company offshore.

Site activities have been suspended pending repairs and are expected to resume mid-February.

Gavin Booth joins the company as sales manager for UK and Holland while Thomas Karlsen is welcomed as sales manager of Scandinavia. The duo bring more than 20 years of oil and gas experience to Pipetech.

Cantor Fitzgerald Europe has announced that it has made a number of senior hires with a focus on Oil & Gas, across its corporate finance, research and sales teams.

With c.US$102 billion of decommissioning related expenditure forecast to 2040 in Western Europe, it represents a significant opportunity.

Aker Solutions ASA has completed a NOK 1500 million senior unsecured bond issue with maturity in July 2022.