In an age of increasingly hard-to-tap resources and high demand, operators are continually searching for reliable, cost-effective ways to extend production and improve recovery in mature or damaged wells. A cased hole whipstock system that…
Wintershall is to begin evaluating development options for the Skarfjell discovery, after a second appraisal well on the field exceeded expectations. Options could includea tie back to the Gjøa platform, or another facility, or as a standalone development…
Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year. According to a partner on one of the fields produced by the Anasuria floating production…
PD&MS Energy has secured a three year contract to provide platform engineering services and upgrades for BP-operated projects in the Azerbaijan-Georgia-Turkey region (AGT). The Aberdeen-based firm has options to extend the contract by an additional five years…
Paleontologist Robert W. Williams, University of Bergen professor, Rolf Birger Pedersen, and Nils Rune Sandstå, found the columnar basalt in the southwestern part of the Gjallar Ridgein the western Norwegian Sea.
GDF Suez E&P Norge AS awarded the subsea operation support services contract to IKM Ocean Design. The contract involves operational management, administration and execution support of Inspection, Maintenance and Repair (IMR) for the Gjøa sealines system…
Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the…
Chevron North Sea Ltd. will proceed with its high-pressure, high-temperature (HPHT) Alder field development in the North Sea after receiving regulatory approval. Discovered in 1975, Chevron says new technology has helped to unlock the central North Sea field…
UK-based engineering and project management firm AMEC has said it has made a provisional offer to buy Switzerland-headquartered Foster Wheeler AG for US$3.2 billion.Foster Wheeler is an international engineering, construction and project management contractor…
John Carne is to retire from his role as CEO of new joint venture OneSubsea on February 28, 2014, it has been announced.John has served as CEO of OneSubsea since the Cameron and Schlumberger joint venture was formed on June 30, 2013. Previously…
Petrofac's Integrated Energy Services (IES) business chief executive Andy Inglis is to leave the company at the end of February 2014 and join exploration firm Kosmos Energy as CEO and chairman, based in Dallas, Texas.Inglis will join the Kosmos board on March 1…
Wood Mackenzie’s annual UK upstream oil and gas review concluded that 2013 was a mixed year for the industry.Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success…
DeepOcean AS, was awarded the contract for inspection of the Nord Stream gas export pipelines in the Baltic Sea by Nord Stream AG.“Winning the Nord Stream pipeline inspection contract in the Baltic Sea has been a key target for us,”commercial director Rolf Ivar Sørdal said…
Wärtsilä signed a turnkey contract to supply a LNG receiving terminal to be built in Tornio, northern Finland. The contract, valued at about US $136 million, was made with Manga LNG Oy, a joint venture between Finnish companies Outokumpu Group…
Fairmount Marine has delivered the drilling rig ENSCO 5004 in Malta at the endof a voyage that began offshore Rio de Janeiro.ENSCO 5004 is a 1982- built, 94.7m-long, and 70.4m-wide semisubmersible. It was towed from Rio de Janeiro to Malta…