According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices. Wood Mackenzie projects that the biggest reductions will come in drilling costs…
Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy & Climate Change (DECC)…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
Facilities service provider Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production, storage and offloading (FPSO), the Armada Kraken. The vessel, a converted Suezmax ice-class tanker…
The mobile offshore drilling unit (MODU) market continues to weaken in 2015, reports Odfjell Drilling during its 1Q 2015 investor presentation. The North Sea rig supplier expects the weak MODU market to continue during the next couple of years…
Danish intervention specialist Welltec has entered into a technology collaboration framework agreement with Shell Global Solutions International, an affiliate of Shell, to improve existing or develop new technologies for global application in the energy industry…
UK trade union GMB has agreed to hold a strike ballot after talks over a dispute over changes to terms for UK offshore workers stalled. The GMB is taking action of what it describes as unilateral changes to working conditions for workers…
DONG Energy reached a new milestone having installed 3000MW of offshore wind capacity - around half of it in the UK. The total output - achieved today with the installation of turbine number 76 at the Borkum Riffgrund 1 Offshore Wind…
The Energy Technologies Institute (ETI) has selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to deliver a project to identify offshore CO2 storage sites. Specifically, it is looking to progress sites deep under…
Floating accommodation provider Prosafe and BG Group have agreed to re-phase the Safe Bristolia accommodation support vessel's 2015 work program at the Everest platform. The move will see the unit spend less time in 2015 at the UK North Sea Everest platform…
The Norwegian Petroleum Directorate (NPD) granted Suncor Energy a drilling permit for the wildcat well 25/10-13 S in the central North Sea. Well 25/10-13 S, located in production license 571, will be drilled from Dolphin Drilling's Borgland Dolphin semisubmersible…
Subsea engineering and training firm Jee has been awarded a contract from Amec Foster Wheeler for the front-end engineering design (FEED) of a jacket rigid polymer injection riser package (including J-tubes) as part of an enhanced oil recovery (EOR) field development for Chevron…
Inefficiency has been a key culprit in the increase in North Sea operating costs, executives at an exploration and development conference were told in Aberdeen. McKinsey's Dan Cole told the 2015 DEVEX Conference that at least a third…
Statoil launched its own investigation following a condensate leak on the Gudrun platform in February 2015 and found it to be of the highest degree of seriousness that could have been fatal. Gudrun…
Norwegian authorities granted Shell Norske permission to operate the Draugen field for a short period beyond its expected lifetime. But, the Petroleum Safety Authority (PSA) was not able to give consent for Shell to use the Draugen facilities beyond 2024…
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