Aker BP has agreed to buy Equinor’s 77.8 percent stake in Norway’s King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.
Pao Novatek,said on Oct. 11 that its subsidiary OOO Arctic LNG 3 has confirmed a new natural gas and gas condensate field in the North-Obskiy license area in shallow-water Ob Bay offshore northern Russia.
The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years.
Danish company Resen Waves has raised more than £1m to step up commercial development of its technology for offshore oil & gas and docking systems for underwater drones.
Following the sale of Ecosse Subsea to Oceaneering earlier this year, subsea entrepreneur Mike Wilson has launched Ecosse IP Ltd. (EIP), with start-up investment of £2 million ($2.6 million).
