Helix UK awarded Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, a major upgrade on MSV SEAWELL, a light well intervention/dive support vessel. The SEAWELL is expected at the yard second half of December 2014. As the upgrade will be executed over the winter season…
Concerns about agreements around decommissioning costs on the UK Continental Shelf have been added to a rising tide of warnings about the future of the North Sea oil and gas industry. The warnings, which focus on the future sustainability of the North Sea…
Companies operating in the North Sea require a cultural shift to make the most of its potential, according to a new report from Deloitte, the business advisory firm. Image from Statoil. The report…
Confidence in North Sea oil and gas activity has fallen to a six-year low, highlighting an 'urgent need' for fiscal reform in the basin, according to a report published today (25 November). Aberdeen & Grampian Chamber of Commerce's (AGCC) report…
This animation from Norway's Ulstein Group details the company's new patent-pending X-Stern vessel, which upgrades the shipbuilder's popular X-Bow. The X-Stern can stay on position in harsh weather with the stern towards waves, wind and current…
Oil & Gas UK has published two updated sets of guidelines to help operators of floating production storage and offloading facilities (FPSOs), floating storage units (FSUs) and offtake tankers to adopt advances in industry good practice. Oil & Gas UK’s operations director…
Babcock has completed a second walk to work (W2W) contract with Total E&P UK, as part of the Elgin B and West Franklin wellhead platforms commissioning in the UK North Sea. In the seven months from March to September 2014, more than 18…
Norwegian Energy Company (Noreco) has installed a new CEO and CFO as it looks to stablize its financial position and following the departure of CEO Svein Arild Killinland. Tommy Sundt, the firm's CFO, takes over from Killingland. Odd Arne Slettebø will replace Sundt as CFO…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Engineering services firm Plexus Holdings has received a £1.9 million purchase order from a major oil and gas operator to supply surface wellhead and mudline equipment services for a gas and condensate exploration well in the UK North Sea…
Maersk Oil North Sea UK (MOUK) awarded DNV GL a multi-million dollar contract for the Culzean field development project. The Culzean project rendering. From KBR. Upon the terms of agreement…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
The oil industry was only just coming to terms with Halliburton's offer for Baker Hughes when Technip revealed it had made an offer, albeit rebuffed, for CGG yesterday (20 November). Colin Welsh, CEO at energy corporate advisory firm Simmons & Company…
With nearly 40% of today’s oil production coming from mature fields and this figure set to rise according to the Wood Report, maximizing recovery is high on the agenda of oil and gas operators. There is a significant portion of brown…
QinetiQ has acquired the seismic processing and imaging capability of SR2020 Inc. for up to US$1.7 million. The deal, completed yesterday (20 November), will accelerate the development of QinetiQ subsidiary OptaSense by providing it with…