The UK's Government has awarded a further 52 North Sea oil and gas exploration licenses, bringing the total number of awards offered in the 27th Round to 219. The figure represents a record, with the number of smaller independent companies being offered awards also representing a high level…
Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan. The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…
Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted. Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
Dutch walk-to-work technology company Ampelmann has acquired fellow Netherland’s based firm Offshore Solutions. Delft-based Ampelmann provides systems to safely transfer people and cargo from ships to offshore oil rigs or wind turbines…
Denmark’s Energy Agency (DEA) is due to launch its seventh licensing round for oil and gas exploration and production licenses in the Danish North Sea before the end of 2013, according to International Law Office. Image: DONG Energy's Siri platform…
Keppel Corporation and the National University of Singapore have agreed to set up the Keppel-NUS Corporate Laboratory, with backing from the National Research Foundation (NRF), to develop technological solutions for the offshore industry…
EQT VI has entered into an agreement to acquire Oslo-listed Aker Solutions ASA’s Well Intervention Services Business for an enterprise value of NOK 4 billion. “The acquisition has come to fruition through close cooperation with Aker Solutions…
McDermott International, Inc. announced today that one of its subsidiaries was awarded an engineering, procurement, construction and installation (EPCI) project for a customer in the Arabian Gulf. The contract is worth about US$200 million and includes the fabrication…
Tekmar Energy has launched a new cable protection system to help reduce installation time and costs, and minimise associated cable risks onshore. The TekTube cable protection system is an onshore-installed solution, to reduce project time and complexity offshore…
Aberdeen’s two universities have both now founded energy institutes to build on their existing oil and gas expertise. Robert Gordon University (RGU) in Aberdeen has said it is to set up an International Institute for Oil and Gas. The new institute…
DNV GL has launched a joint industry project (JIP) to provide guidance on an alternative means of personnel transfer onto offshore installations. The Walk to Work (W2W) approach, where offshore installations are manned from a ship via gangway…
Produced Water Absorbents, Inc. (PWA) and its subsidiaries have completed a US$9.2 million acquisition of the operating assets of oil and gas technology company ProSep Inc. and are launching a combined portfolio of patented solutions to treat oil…
Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
Sea Trucks Group has won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to provide an accommodation vessel for the Arkutun-Dagi Project, operated by Exxon Neftegas Limited, in Sakhalin, Russia. Sea Truck’s Jascon 25 vessel will be used for the project…