Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
The owner of a Scottish tidal stream energy project has secured a 398MW, 25-year seabed lease from the Crown Estate, which owns the seabed, for the project. Atlantis owns the MeyGen project, which earlier this month secured major funding packages…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Statoil Petroleum has drilled a dry wildcat exploration well on the Ensis prospect in production license (PL) 393 B in the Barents Sea. The well, 7125/4-3, was drilled about 4km south of the 7125/4-1 oil and gas discovery and about 105km northeast of Hammerfest…
Technip Umbilicals awarded Vallourec a contract for the Total-operated West of Shetland Edradour project in the UK. For the first industrial order, Vallourec will deliver super duplex welded tubes for umbilicals, a key component in subsea installations…
Norwegian engineering and construction firm Kvaerner has announced plans to 'accelerate' the company's development, including looking at potential new partnerships and a change in ownership structure. Image: Kvaerner's Verdal yard. Kvaerner has appointed advsiry firm Greenhill & Co…
CGG has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of over US$80 million. Three…
Statoil has brought on stream its two latest “Fast-track” fields, Fram H-North and Svalin C, in the North Sea. Fram H-North, north of Fram West in the Troll area, and Svalin C, in block 25/11 southwest of the Grane platform, are the eighth…
UK-based heavy oil explorer Xcite Energy has signed an agreement which could pave the way for a common gas export route for the Kraken, Bentley and Bressay heavy oil fields. The collaboration agreement is between with Statoil and a subsidiary of EnQuest…
Premier Oil's Solan facility, including subsea tank, jacket and topside, have now been installed west of Shetland. Hook up and commissioning will start on the development, which is in Block 205/26a, in 135m water depth, but first oil will be dependent on progress of this phase of work…
Baker Hughes issued the August 2014 international rotary drilling rig count, showing a total of 1339 rigs operating worldwide in August 2014, outside of the US & Canada. The results show a decrease of 43 from the 1382 counted in July 2014…
The new Wärtsilä LNGPac has been granted an AIP (Approval in Principle) Certificate from the classification society DNV GL. The AIP Certificate covers Wärtsilä’s improvements to the original LNGPac. The new solution has removed the heating media skid and its pumps…
Expro has landed a major subsea contract with BP for the Quad 204 project, west of Shetland in the UK North Sea. The seven-year multi-million dollar contract will see Expro provide its latest design vertical xmas tree landing string for the installation of BP’s subsea completions…
As Petroleum Geo-Services looks to further streamline its operations and cut costs, the company is stacking and considering scrapping or selling two vessels, and selling its PGS Khazar joint venture. PGS says the cuts, along with other initiatives…
Hansa Hydrocarbons hopes to start drilling in 2016 after completing a 3D seismic survey across '4Quads' licenses in blocks G18, H16, M3 and N1, offshore Netherlands. The survey covered about 965sq km, 40 km to the north of the Wadden…