Statoil is selling a 24.1% direct and indirect stake in the Gassled pipelines joint venture to SolveiG Gas Norway for NOK 17.35 billion ($3.2 billion).

Research results over the past decade, including drilling and coring, experimental studies, and numerical simulations, are clarifying the resource potential of gas hydrates. Key to recent advances is the recognition that gas hydrate is not something exotic, requiring fundamentally new technologies. Instead, gas hydrate is best thought of as the shallow extension of existing deepwater petroleum systems, fully amenable to exploration and potential production using the same tools and concepts as traditional hydrocarbon resources. The conduct of the impending field sampling and production tests will be the next major step in the evaluation of this potential resource.

Acergy has awarded CRC-Evans/Global Pipelines a contract to provide onshore double jointing of production lines as well as offshore welding services for the EnCana Deep Panuke natural gas field.