The North Sea oil and gas industry’s 50-plus year heritage now means that history is being revisited as facilities – including subsea wells – installed decades ago are decommissioned.One is the first early production system tieback, which included…
The P&A scope is large and the challenges diverse. It’s also an activity that’s increasing. In 2017, for the first time, more wells were abandoned in the UK North Sea (approximately 160) than new wells were drilled (less than 100), as fields reach the end of their productive lives…
The offshore industries and researchers are sharing industry-acquired ecological data as part of a program increase understanding of the influence of manmade structures on the ecosystem of the North Sea.The INSITE Program has attracted recognition and support from industry…
SBM Offshore completed the $1.14 billion project financing of Liza Unity floating production, storage and offloading unit (FPSO), the Netherlands-based company announced on Wednesday.The project financing was secured by a consortium of nine international banks…
Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area…
Marine geoscience companies CGG and TGS announced they have completed a 5,000 square kilometers multi-client 3D survey in the highly prospective Greater Castberg area in the Barents Sea offshore Norway.The survey commenced in the second quarter…
Energy services company Wood said Stephanie Cox will take over as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business.Responsible for the firm’s…
Suncor Energy reported its third near miss in less than a year on board the Terra Nova floating production, storage and offloading unit (FPSO) stationed approximately 350 kilometers offshore Newfoundland and Labrador, Canadian authorities said…
Crude oil production in the US Gulf of Mexico will continue to set records through 2020, the US Energy Information Administration (EIA) expects.The EIA said it anticipates average annual crude oil production in the US Federal Gulf of Mexico (GoM) in 2019 and in 2020 will top the 1…
Brazilian state-run oil company Petróleo Brasileiro S.A. (Petrobras) has signed letters of intent with Japan’s MODEC and Malaysia’s Yinson for charter contracts for two floating production, storage and offloading units (FPSO) for the Marlim field offshore Brazil…
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However…
Deutsche Windtechnik, a specialist in the maintenance and repair of wind turbines, has secured a turbine maintenance contract from Trianel for a 200MW offshore wind farm in the German North Sea.The deal covers the Borkum West 2.2 project, with…
The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered…
American power and energy company Dominion Energy has received two key determinations from the federal Bureau of Ocean Energy Management (BOEM) regarding the design, fabrication and installation of the Coastal Virginia Offshore Wind (CVOW) project…
PGNiG announced it has made a discovery in the Shrek prospect in the Norwegian Sea, about 210 kilometers northwest of Brønnøysund.Based to preliminary estimates, recoverable resources range between 19 million and 38 million barrels of oil equivalent (boe)…