Equistone Partners Europe has exited Aberdeen-based PD&MS, a fast-growing specialist provider of engineering, procurement and construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion. The mid-market private equity firm has achieved a 2…
Growing demand for offshore accomodation vessels in the North Sea is increasing rates and accomodatoin quality as operators seek to improve spanner time, says analysts Douglas Westwood. The firm says declining North Sea production and…
Centrica Energy has started drilling on the Pegasus West well 43/13b-7 on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in 95ft water depthabout 7km WSW of the 43/13b-6Z Pegasus North discovery well…
A second production well on Nexen Petroleum's Blackbird field in the UK North Sea has reached 7000bbl/d under a constrained production test, according to partner Atlantic Petroleum. The well, 20/02a-B3, was constrained by surface equipment…
Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million. Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…
Industry body Oil & Gas UK has welcomed HM Treasury’s plans to launch a formal consultation into the future of the UK offshore oil and gas tax regime. The trade body says it believes the sector faces an uncertain future and that the tax review is therefore now urgently needed…
Siemens announced it has completed installation of the offshore platform for the direct-current connection HelWin2. Working under contract from the German-Dutch grid operator TenneT, Siemens has achieved a decisive milestone of the German grid connection projects…
Statoil has awarded Aibel a contract for the hook-up of new living quarters to the Oseberg C platform. The contract has an estimated value of about NOK 125 million. The project, called the Oseberg C Continuous Drilling (LQ Extension) project…
BG Group announced today that it has completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction…
VNG Norge has discovered oil on the Bue well, in production license (PL) 586, offshore Norway, and increased its resource estimate for the nearby Pil discovery, in the same license. The combined resource of both finds has been estimated at 80-200MMboe by partner Faroe petroleum…
First Integrated Solutions, an Aberdeen-based oil and gas service company, has seen significant transformations over the past six months due to the firms increasing investment activity. In February, First Integrated Solutions was created…
Premier Oil is ramping up towards offshore installation work on its Solan field development in Block 205/26a, in 135m water depth, west of Shetland, in the UK North Sea. Construction and onshore commissioning of the four-legged Solan…
BATS Wireless (BATS) and specialist distributor Purdicom have announced a new offshore communications network project, with one of Purdicom's service provider partners, for a multinational oil company. The project calls for BATS to provide its state-of-the-art DVM-50 systems…
An independent commission has determined that radical fiscal and regulatory change is an absolute necessity to ensure that the remaining hydrocarbons on the UK Continental Shelf (UKCS) are fully exploited, in order to deliver the maximum economic contribution to the nation…
First production from an appraisal well has extended the southern limits of the high-pressure/high-temperature (HPHT) Jade gas condensate field in the UK Central North Sea, Houston-headquartered ConocoPhillips announced today. The Maersk…
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