Decommissioning is now firmly on the North Sea oil and gas industry’s agenda. Some US$21.98 billion is forecast to be spent on decommissioning UK North Sea facilities in the next 10 years.* As the number of operational platforms decreases and the pace of decommissioning increases…
Audrey Leon speaks with California-based Materia about a resin the firm hopes will make waves for subsea thermal insulation and other deepwater buoyancy applications. Proxima thermoset norbornene resins create composites…
Siemens Wind Power has launched its first customized turbine transport vessel in Esbjerg, the Rotra Vente, with a sister ship on the way next year. Image of the Rotra Vente, from Siemens. Sea…
Norway’s Petroleum Safety Authority (PSA) carried out an audit of operations, maintenance and pressure safety focused on Statoil's and Gassco's land organizations and the Heimdal main platform (HMP) and Heimdal riser platform (HRP). The audit was conducted between 22 and 29 September 2016…
Höegh LNG inked a floating storage and regasification unit (FSRU) contract with Quantum Power Ghana Gas for the Tema LNG import terminal located close to Accra in Ghana. The Tema LNG Project is supported by the Ghana National Petroleum Corp…
FMC Technologies and Technip announced that the pending, combination between the companies has received a clearance decision issued by the General Superintendent of Administrative Council for Economic Defense, (CADE), the Brazilian antitrust authority…
Norwegian giant Statoil has started drilling at its Mariner field in the UK North Sea using the world’s largest jackup, with a target for first oil set for 2018. Image of the Mariner topsides at DSME…
Renco Elang Energy is set to spud the Amanah Timur-1 exploration well in the South Block A PSC, in the North Sumatra basin of Indonesia. Assuming satisfactory rig inspection by government officials, the well is currently scheduled to spud on 5 December…
Aker BP has completed the integration after the merger between Det norske oljeselskap and BP Norway. Aker BP now operates as one organization with considerable ambitions on the Norwegian Continental Shelf. “Aker BP has been through extensive integration work since we announced the merger…
Audrey Leon speaks with Helix Energy Solutions Group’s David Carr about a new system from the Subsea Services Alliance, which seeks to safely drive down the cost of well abandonment operations in open waters. Helix…
Asset Guardian Solutions Ltd. (AGSL), which specializes in managing and protecting companies’ “hidden assets” such as process critical software, has appointed Mark Steel to the position of business development manager for the UK. The…
Siemens US CEO, Eric Spiegel will leave the company at the end of the year at age 59. Spiegel will be replaced by Judith Marks, effective 1 January 2017. In addition, Lisa Davis has been appointed chair and CEO of Siemens Corp., effective the same date…
BP has sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico, with first production set to start in late-2021. Illustration of Mad Dog 2, from BP. The UK supermajor’s…
India plans to invest US$20 billion in deepwater natural gas development in the next five to seven years, the country’s Oil Minister Dharmendra Pradhan said this week, according to news reports. Image from India's Ministry of Petroleum and Natural Gas…
Centrica plc entered a deal to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell E&P for an initial cash consideration of US$30 million (£24 million). The assets consist of a 17.3% interest in the producing NCMA…