Exploration and production companies in the UK offshore oil and gas sector will need to invest £200 billion in existing operations and new opportunities to sustain the next generation of productive life, according to a recent industry report…
Solstad Offshore announced Wednesday that Norwegian operator Aker BP has taken a pair of large platform supply vessels (PSV) on 12-month charter under a frame agreement announced earlier this month.The 2011-built Normand Arctic and 2013-built…
Seismic equipment and reservoir monitoring instrument manufacturer Sercel has launched its first distributed acoustic sensing (DAS) seismic solution.SigmaWave, designed in partnership with DAS specialist Fotech Solutions, integrates Fotech’s…
TechnipFMC said on Wednesday it has secured a contract from Norwegian operator Equinor for the delivery and installation of the subsea production system the at Johan Sverdrup Phase 2 development offshore Norway.The award covers the delivery…
The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The outcome of the lease sale…
The Ekofisk oilfield in the North Sea will undergo planned maintenance in June, two industry sources said on Wednesday.The work, which will reduce supply of Ekofisk crude, will start on June 2, one of the sources said. Ekofisk is one of the…
Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid, the European Free Trade Association Surveillance Authority (ESA) said on Wednesday.'Having scrutinized it on the basis of a comprehensive complaint…
The global provider of geophysical marine seismic acquisition Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Turkish national oil and gas company Türkiye Petrolleri Anonim Ortakligi (TPAO).The…
Belgian company Engie Fabricom has awarded davit crane contracts to Manchester-based Granada Material Handling Ltd for the offshore substations at the 950MW Moray East and 860MW Triton Knoll offshore wind farms.The crane and handling system supplier will design…
The global oil service suppliers might have to wait until 2025 before the market reaches its former glory seen before the oil price collapsed.For drilling companies, it will take even longer, says analyst firm Rystad Energy.'The global oilfield…
Norwegian offshore shipping company Island Offshore and TIOS (former Island Offshore Subsea, jointly owned by TechnipFMC and Island Offshore) will continue as suppliers of light well intervention services (LWI) for Equinor, with a new agreement signed for the use of Island Wellserver vessel…
Neptune Energy Norge AS has hired the newly built Beacon Atlantic semi-submersible drilling rig for up to 16 wells offshore Norway.The oil and gas producer said in a press release that it has chartered the rig from China’s rig builder CIMC Raffles…
Offshore operator Spirit Energy announced Tuesday that it started oil production on the Oda field in the southern part of the Norwegian sector of the North Sea on March 16, nearly five months ahead of schedule.The Oda field, discovered by Spirit Energy in 2011…
The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called 'transfer-of-rights' dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on final terms…
One of the world's most advanced diving support vessels has undergone a comprehensive power plant refurbishment and maintenance program.Engineers undertook the 30,000 running hour major service on the generator engines on board the 140-meter-long Subsea 7 Seven Atlantic…