Global deepwater oil and gas development has been plagued for a decade by cost creep in equipment and services. Some of the inflation was warranted as we moved into deeper, harsher and frontier areas, requiring higher equipment specs, more specialized assets and a higher level of risk mitigation…
Subsea 7 has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new US$300 million reel-lay vessel and associated pipe lay equipment for delivery in early 2020. A firm contract is expected to be awarded before the end of 2017…
Royal Boskalis Westminster has won contracts, including transporting the West White Rose platform topsides in North America, transport of offshore wind jackets in Europe, and taking the Hermod semisubmersible crane to China to be scrapped…
In recent weeks, I’ve been asked several times whether we are seeing ‘green shoots’ emerging in the UK oil and gas industry and the truth is that we are seeing what could be described as a mixed picture. On one hand, cautious optimism…
Tata Steel has announced a near £2 million program of investments at its 20in high frequency induction (HFI) pipe mill in Hartlepool, UK, to offer a new generation of higher strength offshore construction grades. The company’s investment…
More than 55 members of the Society of Petroleum Engineers (SPE) Aberdeen came together last night to celebrate the achievements of individuals within the Section. The awards ceremony, at the Aberdeen Exhibition and Conference Centre…
In a sustained low oil price environment, operators are facing increased pressure to reduce costs and minimise risk when making a final investment decision (FID) on a project, resulting in many capital intensive offshore developments being shelved…
More than 55 members of the Society of Petroleum Engineers (SPE) Aberdeen came together last night to celebrate the achievements of individuals within the Section. The awards ceremony, at the Aberdeen Exhibition and Conference Centre…
Magma Global has signed an agreement with Odebrecht Oil & Gas to supply m‐pipe for the CMHR (Composite Multi-‐Bore Hybrid Riser) solution for future deployment in deepwater pre-salt projects in Brazil. Magma’s patented mpipe technology…
DNV GL has launched a new recommended practise (RP) focusing on cyber security as the increasing digitalization of the industry poses the threat of it becoming more vulnerable, at SPE Offshore Europe. DNV GL says almost 68% of oil and…
Wood Group has led a global project to improve industry knowledge and understanding of flexible pipe integrity management. The findings of the Sureflex joint industry project (JIP) are published today (Tuesday 5 September) in a report…
Semco Maritime has won a deal to upgrade Seadrill’s West Elara jackup, to prepare the rig for an upcoming ConocoPhillips job in 2018. The West Elara, from Seadrill. Following upgrade…
Tullow Oil and partner Eco Atlantic have completed a 3D seismic survey on the Orinduik Block offshore the co-operative Republic of Guyana. Map of Orinduik, from Eco Atlantic. The…
Petrovietnam Drilling & Well Service Corp. (PV Drilling) signed a contract for use of the PV Drilling jackup rig for KrisEnergy in the Gulf of Thailand. PV Drilling I jackup. Image from PV Drilling…
Finder Exploration has signed an agreement to farm-out 90% of its participating interest in exploration permit WA-520-P to Woodside Energy. The license is in the northern Carnarvon basin, offshore Australia’s North West Shelf, directly south of the Gorgon and Clio major gas fields…