OMV announced that Gerhard Roiss will resign from his position as chairman of the executive board and CEO, effective 30 June 2015. OMV's Supervisory Board has started the process to identify suitable candidates for the succession as CEO…
BP is due to restart production at the high-pressure, high-temperature (HPHT) Rhum gas field in the UK North Sea, four years after the field was shut in due to Western sanctions against its 50% owner, Iran. A BP spokesperson said today that production was due to restart soon…
UK heavy oil explorer Xcite Energy has entered into a memorandum of understanding (MOU) with oilfield services firm Baker Hughes. The MOU sets out principles for the provision of oil field services for the UK North Sea Bentley heavy oil field…
Lundin's Vollgrav South exploration well 33/12-10 S in production license 631 in the northern North Sea has been plugged and abandoned after it was found to be dry. The well was drilled about 150km west of Florø, between the Statfjord and Gullfaks fields…
A2SEA's purpose-built offshore installation vessel the Sea Installer is to be used to installed the 67, 6MW Siemens wind turbines on the 402MW Dudgeon Offshore Wind Farm in the UK for Statoil, Masdar and Statkraft. Work will start on the Dudgeon Offshore Wind Farm…
Viper Subsea exhibited its latest innovation in Aberdeen this week. The V-LIM is a line integrity monitor that provides extremely accurate electrical integrity data across a wide range of insulation resistance levels and can be readily integrated…
FMC Technologies, Inc. received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area. FMC Technologies' scope of supply consists of subsea equipment including manifolds and associated connections and controls equipment…
RWE’s sale of its exploration and production subsidiary RWE Dea AG to a Russian investor is still going ahead, the firm says, despite a question mark over the UK assets involved. The US$7 billion deal, with Russian-backed LetterOne Group…
Japan Petroleum Exploration Co. (JAPEX) has farmed-in to four licences in the UK North Sea with Apache North Sea. As part of the move, JAPEX has formed a new subsidiary, JAPEX UK E&P CENTRAL (JUKC), with financial backing from Japan Oil…
Wood Group Kenny has been awarded the front end engineering design (FEED) for the subsea and pipeline element of the Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire. The project, the world's first full-chain CCS project on a gas-fired power station…
Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…
Petrobras has begun production from FPSO Cidade de Mangaratiba, located in Block BM-S-11 of the giant Lula field. The start-up represents the first in the Iracema Sul area of the presalt Santos basin, located 300km off the coasts of the Rio de Janeiro and São Paulo states…
Maersk Oil North Sea UK Ltd. awarded Heerema Hartlepool Ltd. a contract for the engineering, procurement and construction (EPC) of the Culzean development’s well head platform (WHP) jacket. Maersk’s proposed Culzean development…
ROVOP is investing more than US$ 6.3 million (£4million) in a new purpose-built headquarters that will include training facilities, a full ROV underwater test facility and an internal 40-tonne overhead crane. The facility is located in the Aberdeenshire’s Westhill area…
Statoil's CEO has resigned in order to take over UK-based BG Group as CEO on a US$2.4 million (£1.5 million) annual basic salary, plus benefits. Image: Helge Lund. From BG Group. Helge Lund has been Statoil's CEO since 2004…