Grenland Group ASA has been awarded a contract from Statoil

Grenland Group has been awarded a contract from Statoil for modification of the
Water Injection Plant on the Gullfaks B platform. The water Injection plant is
pumping sea water into the oil reservoir, for maintenance of the well pressure
and production capacity.

Gullfaks B is the central unit on the Gullfaks Field and delivers oil and gas to
Gullfaks A and Gullfaks C, for further delivery of oil to shuttle tankers and
gas through pipeline to the plant at Kårstø

"This contract confirms that our dedicated focus on the modification market is
giving the expected results and it confirms our position as a major EPCI
contactor in Norway. We are very pleased that Statoil has chosen Grenland Group
for this important project" says Hallgeir Skogen, CEO Grenland Group.

The contract value is approximately NOK 400 mill. and the work will start
immediately. Contract completion is planned in middle of June 2012. Together
with other large contracts recently awarded to Grenland Group, this will give
the company a good base load and a sound platform for further growth within the
business stream Offshore Partner.

  1. 15.12.2010

    HitecVision increases ownership and delists Bjørge

    Bokn Invest AS, a company owned by HitecVision and Aker Capital, acquired about 76% of the shares in Oslo Stock Exchange-listed Bjørge ASA through a voluntary offer in November 2009. In a number of transactions since the 8th November 2010, Bokn Invest has acquired all of the shares in Bjørge that it did not already own.

  2. 26.11.2010

    HitecVision invests in Core Energy

    HitecVision, the leading oil and gas focused private equity investor, announced today an agreement to provide an equity line of USD 150 million to the independent oil and gas company Core Energy AS.

  3. 22.11.2010

    Hitec Products Drilling changes name to Axon Norway AS

    Hitec Products Drilling AS changes name to Axon Norway AS

  4. 05.11.2010

    HitecVision increases holding in Grenland Group

    HitecVision has today signed an agreement to acquire all the shares in HVS Invest held by Skogen Invest AS. HVS Invest has a 75.5% shareholding in Grenland Group (Oslo Stock Exchange: GGG), and HitecVision will, following the closing of this transaction, be the sole shareholder in HVS Invest.

  5. 05.10.2010

    New contract to Apply Leirvik

    Apply Leirvik today announced the award of an EPC contract from Statoil for delivery of a Living Quarter and Helideck to the new Gudrun Platform.

  6. 01.10.2010

    Technor announces sale of Technor Safe Ex

    HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.

  7. 20.09.2010

    Bjørge to demerge into two oil and gas service companies

    Bjørge ASA has today announced that it will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company.

  8. 08.09.2010

    Spring Energy announces major asset package sale

    Spring Energy has today announced the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS for an amount between USD 114.5 million and USD 129.5 million pending certain near term milestones.

  9. 24.08.2010

    AT Group announced at ONS

    AT Group (ATG) created from four Energy & Industry supplier Groups.

  10. 22.07.2010

    Spring Energy: Discovery on Maria prospect

    Spring Energy announces further exploration success in the recently completed exploration well (6406/3-8T2) on the Maria prospect in PL 475BS, 15 km East of the Åsgard Field and 5 km Northeast of the Trestakk discovery.

  11. 06.07.2010

    HitecVision acquires Tampnet from Statoil

    Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.

  12. 02.07.2010

    Reef Subsea names Mark Preece as new CEO

    Reef Subsea has appointed Mark Preece as Chief Executive Officer with effect from 1 July 2010.

  13. 01.07.2010

    Altra is awarded $1.5m UK contracts

    Aberdeen-based Altra Energy, a company in the STG Group, has been awarded brownfield contracts worth a total of £1 million ($1.5 million) in the UK North Sea.

  14. 30.06.2010

    Apply Sørco wins frame agreement for Kvitebjørn and Brage

    Apply Sørco has received a letter of intent from Statoil for the Maintenance & Modification frame agreement for the Kvitebjørn and Brage platforms in the North Sea.

  15. 24.06.2010

    Apply Capnor and Grenland AsIs Global merge

    Apply Capnor has today agreed with Grenland Group to buy Grenland AsIs Global (ASIS). Apply Capnor and ASIS are frontrunners within the laserscanning technology and they are today the leading independant suppliers for this segment in Norway.

  16. 22.06.2010

    Spring Energy increases exploration loan facility

    Spring Energy has successfully amended its exploration loan facility with its banking group that comprises Merchant Banking, Skandinaviska Enskilda Banken AB, DnB NOR and BNP Paribas.

  17. 22.06.2010

    Comeback for Apply Leirvik Emtunga in South-East Asia

    Apply Leirvik Emtunga AB has been awarded a contract for the Engineering, Procurement, Construction and Commissioning of a replacement Living Quarter by Brunei Shell Petroleum Sendirian Berhad.

  18. 14.06.2010

    Spring Energy optimizes portfolio

    Spring Energy has agreed to sell its 10 % working interest in the PL 341 license to GDF SUEZ E&P Norge AS.

  19. 11.06.2010

    Grenland Group ASA has been awarded a contract from Statoil

    Grenland Group has been awarded a contract from Statoil for modification of the
    Water Injection Plant on the Gullfaks B platform. The water Injection plant is
    pumping sea water into the oil reservoir, for maintenance of the well pressure
    and production capacity.

  20. 11.06.2010

    Bjørge to acquire Sontum Fire and Safety AS

    Bjørge FPE AS, a subsidiary of Bjørge ASA, have today signed an agreement with the owner of Sontum Fire & Safety AS, Valco Group AS, for the acquisition of Sontum Fire & Safety AS.

  21. 12.05.2010

    Apply Leirvik's Living Quarters installed on Troll A platform

    On the 7th May, a new living quarters module was successfully installed on Statoil's Troll A platform. The living quarters were built by Apply Leirvik.

  22. 05.05.2010

    Spring Energy continues to build value through the acquisition of assets from Wintershall

    As part of its strategy of building a balanced portfolio of assets on the Norwegian Continental Shelf, Spring Energy has agreed to acquire assets from Wintershall Norge ASA (WINO).

  23. 11.03.2010

    Apply Steelcad AS solgt til Havyard

    Apply Group har gjennom sitt datterselskap Apply Sørco AS solgt Apply Steelcad AS til Havyard Design AS, et selskap i Havyard Group. Apply Steelcad AS er et selskap med 27 ansatte i Norge og eierandeler i engineeringselskaper i Polen og Kroatia.

  24. 10.03.2010

    Axon Energy Products closes two acquisitions, establishes Pressure Products Group

    Axon Energy Products have closed two acquisitions in the Houston area in recent weeks. With Church Energy Services, Axon has added a product line in blowout preventers which complements the product lines of Drilling Controls Inc., resulting in the formation of Axon Pressure Products Inc. (APP). The acquisition of the assets of the pump manufacturer Demay International adds both a new product line and a modern facility well suited for manufacturing oilfield equipment.

  25. 23.02.2010

    Apply Steelcad AS sold to Havyard

    Apply Group, through its subsidiary Apply Sørco AS, has sold Apply Steelcad AS to Havyard Design AS, a company in the Havyard Group. Apply Steelcad AS has 27 employees in Norway and shareholdings in engineering companies in Poland and Croatia.

  26. 01.02.2010

    HitecVision closes investment in Reef Subsea

    HitecVision and GC Rieber Shipping ASA have established the jointly owned company Reef Subsea AS, in accordance with the joint announcement on the 22nd October 2009. Reef Subsea has received a NOK 195 million investment from its owners. In addition, GC Rieber Shipping have transferred its existing investments in the geotechnical company Bluestone Offshore Pte Ltd and the subsea services company Technocean AS, (including its subsidiary Scan Mudring).

  27. 01.02.2010

    Spring Energy awarded NCS Business Developer of the Year 2009

    On 28 January Spring Energy was awarded the Norwegian Continental Shelf Business Developer of the Year by Rystad Energy at the Gullkronen award seremony in Oslo

  28. 20.01.2010

    Spring Energy: Successful award in APA 2009

    As announced by the Norwegian Ministry of Petroleum and Energy on 19 January 2010, Spring Energy has been awarded 4 licenses in the APA 2009. One of the awarded licenses has a firm well commitment.
    Following this, Spring Energy now holds a total of 24 licenses on the NCS.
    For more information abouth the award, follow this link to NPD.

  29. 11.01.2010

    Spring Energy: Further exploration success

    Spring Energy announces further exploration success in the Company's third exploration well recently completed on the Beta prospect in PL 375 (34/4-11), located 15 km Northwest of the Snorre Field.