Statoil awarded IKM Ocean Design a contract worth an estimated US$22.5 million (NOK 200 million) for the Johan Castberg subsea integration pre-FEED and FEED project. Image of the contract signing in Oslo of Peder Hoås and Geir Paulsen…
UK oil giant BP plans to cut approximately 4000 jobs across its global upstream sector in the next two years to simplify its business, improve efficiency, and reduce costs. Image from BP. BP…
First production from the Greater Stella Area development in the UK North Sea has been set back once again. Sail-away of the FPF-1 floating production facility is expected to be delayed by six-12 weeks due to slippage in completion of…
The shortlist for the 2016 Offshore Achievement Awards, supported by OE, has been announced today. With approximately 100 entries received this year, a record since the awards were re-launched in 2011 by the Society of Petroleum Engineers (SPE) Aberdeen Section…
Norwegian technology firm Badger Explorer has signed a memorandum of understanding with China's CNPC DR, signaling the firm's intention to become a full partner in the Badger Explorer development program. The Badger Explorer is a…
Norwegian Energy Co. (Noreco) has been served a notice of default on the North Sea Huntington license. The notice comes after the firm failed to make payments as a joint operating partner in the license and not finding a buyer for its 20% stake in the field…
German explorer Wintershall has started drilling on the Kvalross exploration well 7224/2-1 in license PL611, in the Norwegian Barents Sea. Kvalross is to the south of OMV’s significant Wisting and Hanssen oil discoveries. The well…
Mexico’s secretary of energy (SENER) announced on 7 January that it signed two remaining production sharing contracts with Pan American Energy and Fieldwood Energy for areas awarded offshore Mexico during the country’s phase two bid round held in late September…
Det norske oljeselskap has received consent from the Norwegian Petroleum Safety Authority to use the Transocean Winner mobile drilling facility for production drilling and completion on the Volund field. Transocean Winner is a semi-submersible facility of the GVA 4000 type…
POSH Terasea secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (FLNG) platform. As part of the project, POSH Terasea will tow the Shell Prelude FLNG over 3000nm from Samsung Shipyard in Geoje…
Protea has completed the manufacture of a comprehensive crane package for an FSO (floating, storage, and offloading) that will be chartered by Total for operation at the Martin Linge offshore development. Comprising of two deck cranes…
Lundin Petroleum subsidiary Lundin Malaysia has completed the Imbok-1 exploration well offshore East Malaysia. The well, located in Block SB307/308 encountered minor oil shows and was plugged and abandoned. The well was targeting hydrocarbons in Miocene aged sands…
Italy’s Eni commenced production from the Mpungi field offshore Angola that will bring production ramp up in the West Hub Development Project to about 100,000 boe/d this quarter. N’Goma FPSO. Image from SBM Offshore…
UK trade union Unite repeated a call for the industry to end its year-long imposition of cuts after members in the Offshore Contractors Association (OCA) agreement accepted improvements to their terms and conditions. Following a consultative ballot…
Premier Oil has confirmed its Isobel Deep oil discovery offshore the Falklands, as well as an additional discovery in the same well. The well, which was a re-drill of the 14/20-1 Isobel Deep well, hit 27m of net pay, with no oil water contact or gas…