Using non-intrusive inspection (NII) survey technologies could be worth US$310 million (£242 million) a year to UK North Sea operators through increased production and lower maintenance costs, according to a survey by the Oil & Gas Technology Centre (OGTC) and ABB…
Germany's Wintershall has started production from the Maria subsea tieback offshore Norway a year ahead of schedule and 20% under budget. The Maria field development cost about US$1.43 billion (NOK12 billion), $358.9 million below the original budget…
Norwegian oil major Statoil has awarded three new subsea maintenance framework agreements, extending to 2023, to Aker Solutions, TechnipFMC and OneSubsea, with a total estimated value of more than US$970 million (NOK8 billion). In addition…
North Sea minnow Independent Oil and Gas (IOG) has been given extra time to develop its Blythe discovery, in the southern North Sea. The firm has been given an extension on License P1736, by 12 months to 31 December 2018, dependent on…
Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian Continental Shelf. Aker BP is planning to develop Valhall Flank West…
UK Continental Shelf (UKCS) operating costs dropped by 14% in 2016, with operators securing about £1.1 billion reductions in operating expenditure (OPEX), according to the UK Oil & Gas Authority’s (OGA) inaugural report, “Analysis of UKCS Operating Costs in 2016”…
Spanish oil firm Repsol has awarded UK engineering firm Atkins a contract for structural front end engineering design (FEED) and detailed design services for work on the Yme field offshore Norway. Repsol Norge is moving forward with a new attempt to develop the Yme field…
Shell has awarded a contract to UK forge Sheffield Forgemasters for castings for use on the Vito semisubmersible platform for the US Gulf of Mexico (GoM). The project will see the Sheffield Forgemasters' offshore oil and gas specialist…
Statoil has awardedd Aker Solutions a framework agreement for the provision of subsea services on the Norwegian oil major's operated assets offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018…
Work on a subsea power grid, which could support all-electric subsea process, has taken a step forward in Finland with the successful testing of subsea variable speed drives. A full scale prototype of a subsea variable speed drive (VSD)…
UK-based subsea equipment firm Ashtead Technology deployed a new advanced subsea laser scanning technology on a project for Subsea 7 in the UK North Sea. Working on Chevron’s Captain field, Ashtead performed a well inspection using Newton…
Maersk Drilling has picked Aker Solutions for modification work on a production module on the Maersk Inspirer jackup rig so that it can be used on Repsol's Yme field offshore Norway. Repsol is looking to redevlop the field, after removing an existing platform facility…
North Sea production shut-in due to a 'hairline' crack in a pipeline is costing operators US$26.68 million a day in lost production, according to industry body Oil & Gas UK. The crack was found last week in an onshore section of the 235mi-long Forties Pipeline System (FPS)…
West of Shetland fractured basement explorer Hurricane Energy says work on its Lancaster early production system EPS) floating production unit and turret in Drydocks World, Dubai, are on schedule. The Lancaster EPS is a two-well tieback to a floating production…
Maersk Oil and the Danish Underground Consortium are investing US$3.36 billion to redevelop Denmark’s principal gas field. Watch the video below or read more here