EPC Offshore has just completed a reference case for a phased development approach for Hurricane Oil’s Lancaster field, in UK block 205/21a, West of Shetland, to demonstrate that it is commercially viable,and the project is about to enter the next stage of its development…
The Kenyan Government has confirmed a 60% expansion of FAR Ltd.’s L6 exploration permit off Kenya. This additional area, which had previously been relinquished and has now been re-instated, increases the total permit area to 5,010 km2.Click…
In his opening address, Subsea UK CEO Neil Gordon said that the global subsea market was set to double from £20 to 40 billion over the next fi ve years. The big challenge for Subsea UK and for the subsea UK industry was how to retain one-third of that market and grow its global share…
BP supports XACT R&D effort BP Ventures is investing in advanced acoustic telemetry technology developed by XACT Downhole Telemetry Inc. for drilling and completing difficult offshore wells. The technology provides high-speed, real-time…
This event aired on January 29, 2013 Click to AccessIncreased automation offshore means oil & gas companies have far more systems that are vulnerable to computer viruses. Gregory Hale and Eric Byres discuss and answer questions on…
Leased floating production firm SBM Offshore has agreed a $470million settlement deal with operator Talisman which will see the troubled Yme platform scrapped.Completion of the mobile offshore production unit (MOPU) had suffered delays after…
Subsea services specialist ROVOP has announced £4million of investment in two new ROVs (remotely operated vehicles). ROVOP, which also strengthened its management and onshore support team earlier this year, has invested in a 3,000m rated…
IFS, the global enterprise applications company, announces that Sevan Drilling ASA, an international ultra-deepwater (UDW) drilling contractor, has chosen IFS Applications for Offshore Service to streamline its onshore and offshore operations…
North Energy has today entered into a four-year collaboration agreement with (TGS) concerning the purchase of seismic data and services. This represents a natural progression from an earlier collaboration agreement with Rex Oil & Gas (Rex) on…
The newbuild semisubmersible La Muralla IV arrived in Mexico waters after a 16,200-mile journey.Fairmount Marine’s tug Fairmount Glacier delivered the semisubmersible La Muralla IV to the Bay of Campeche, Mexico. The rig was towed from Okpo…
Norway-based oilfield services firm Aker Solutions has bought Managed Pressure Operations International (MPO).MPO, registered in Cyprus with operations in Singapore, Dubai, Jakarta and Houston, has developed a next generation of continuous circulation…
McDermott International Inc. announced that Tony Duncan will join the company as Vice President and General Manager, Subsea on 1 April 2013.Tony Duncan (Image: McDermott)“In this role, Tony is responsible for driving and growing our global Subsea business…
US President Barack Obama announced on Monday that he will nominate Ernest Moniz and Gina McCarthy to fill vacancies at the Department of Energy and the Environmental Protection Agency, respectively. Obama nominated Ernest Moniz to US Department…
North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
WorleyParsons agreed to acquire 100% of the shares of Bergen Group Rosenberg AS for a cash consideration of NOK 1 billion (including more than NOK 200 million of acquired cash). Norwegian-listed Rosenberg is a wholly-owned subsidiary of Bergen Group ASA…
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