Italian giant Eni has sold 12.5% interest in its subsidiary Saipem, to Fondo Strategico Italiano (FSI) in a move that is expected to enhance Eni’s financial flexibility and development. Image from Saipem…
DONG Energy announced it will construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19km off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities…
Statoil’s US$7 billion Mariner heavy oil project in the UK North Sea has been set back a year due to engineering and construction delays, the operator revealed today. The Norwegian operator's Aasta Hansteen project, in the Norwegian Sea…
Global Maritime Deep Sea Mooring (DSM) has been awarded a three-year contract with Lundin Norway to provide services and products supporting Lundin’s activities on the Norwegian Continental Shelf (NCS) including mooring equipment for drilling rigs and accommodation units…
UK engineering solutions provider Costain has worked closely with Hurricane Energy to produce a number of field development options for their Lancaster Discovery, West of Shetland. Over the last 24 months the Costain team, in collaboration with Hurricane…
BG International and SSE E&P UK entered into an agreement with Block 23/16f participants, Serica Energy, Endeavour Energy UK, and EOG Resources UK, to transfer their equity of Block 23/21a in the UK North Sea. Columbus field…
Fred Olsen Energy has formally declared that construction contract for a newbuild semisubmersible rig which was originally destined for development drilling at the Chevron-operated Rosebank oil development in the UK West Shetlands region has been cancelled…
Drilling on the Spanish Point area offshore Ireland is now scheduled for 2017, according to partner Providence Resources, which is now looking to farm-out some of its 58% interest in the license. Spanish Point, in Frontier License 2/04 and 4/08…
Image: OPITO OPITO has introduced a mobile app designed to give North Sea offshore workforce access to their training and certification records anywhere at any time. In its first year…
Europa Oil & Gas CEO Hugh Mackay says now is a perfect chance to drill on the firm’s offshore Irish prospects thanks to rig rates being at their lowest in a decade. The CEO, whose firm is targeting 1.5 billion boe, unrisked, in three…
Dong Energy has awarded a contract for the provision of cable installation and trenching work for its Race Bank offshore wind farm to DeepOcean. Offshore work will be carried out in 2016/2017 from DeepOcean’s in-house fleet of dedicated cable installation and trenching vessels…
UK-based energy services company Proserv has secured a £1.6 million plus contract to provide topside control equipment at one of the largest field discoveries on the Norwegian Continental Shelf. The agreement will see Proserv supplying Aibel…
The Norwegian Petroleum Directorate wants unmanned wellhead platforms to be considered more often as an alternative to subsea tie-back in connection with development decisions. Image: The unmanned…
Dana Petroleum's Western Isles floating production unit will not be on stream until late 2017, some two years later than originally planned, it was confirmed today. In a statement, China's Cosco Corp (Singapore) said it and a European…
The geoscience segment of the offshore oil and gas industry was first to be hit, when oil prices took a nose dive from 2H last year. Results from two of the main geoscience players this morning confirm a broad industry outlook that the pain is set to continue well into 2016…