The American Petroleum Institute (API) reported the total wells drilled and completed in Q4 2016 decreased 8.8% when compared to Q3 2016. This decrease shows a drastic improvement from the same period in 2015 which saw a 21% decrease in total wells drilled and completed…
Intervention specialist Helix Energy Solutions has sold its Helix 534 vessel to a third party for approximately US$2.8 million. The vessel, a DP2 modified drillship, which Helix bought from Transocean in 2012, and converted in Singapore…
Wellhead engineering firm Plexus Holdings says it is confident exploration activity will soon pick up from today's historic lows, after signing a four-year framework agreement with Centrica Norway. Under the agreement, Aberdeen-based…
Tidal power firm Atlantis has been awarded €20.3 million in funding from the Horizon 2020 European Commission fund. The cash is for the firm's Demotide project, which will design, build and operate a 6 MW turbine array, also called MeyGen Phase 1B…
IKM Consultants has secured an extended one-year framework agreement for hire of personnel with Wintershall Norge. In December last year, IKM Consultants was awarded a one-year renewal of an existing framework agreement with the oil and gas company…
North Atlantic Drilling has again extended a newbuild rig contract standstill agreement with Singapore's Sembcorp Marine. Sembcorp Marine's subsidiary Jurung Shipyard has been building the semisubmersible drilling rig West Rigel, on which a standstill agreement had already been put in place…
Eni has completed a deal to take over operatorship of the Rabat Deep Offshore permits I-VI, offshore Morocco, with plans to drill on the acreage in 2018, following approval of a deal by the license partners. The deal, with UK-based independent Chariot Oil & Gas…
Audrey Leon speaks with Tom Adams, vice president, Power Business Development, at ABS Group, to find out how the firm is offering its inspection and quality assurance services to the offshore wind industry. Image from iStock…
ExxonMobil has developed cMIST, a technology which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This inline technology could be deployed at both…
A decision by the US Bureau of Ocean Energy Management (BOEM) to deny six pending geophysical and geological (G&G) permit applications for airgun seismic surveys in the Mid- and South Atlantic Planning Areas of the Atlantic Ocean has caused uproar in the industry…
Maersk Drilling has taken delivery of its fourth XLE jackup rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilize to the North Sea and will commence a 5-year…
A new publication to help guide the growing use offshore of unmanned aerial systems (UAS) – also known as drones - has been published by Oil & Gas UK. The Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines were developed by a work group set up by the trade body…
Norway’s Petroleum Safety Authority (PSA) has carried out an audit of AkerBP's arrangements for the administration and management of emergency preparedness and materials handling at Ivar Aasen in the North Sea. Ivar Aasen…
Houston’s Dril-Quip has signed an agreement acquired OilPatch Technologies (OPT) in a US$20 million cash deal. Founded in 1990 and based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products…
Hyperdynamics is changing things up at its Fatala-1 well, offshore the Republic of Guinea, just days after finalizing a drillship for the prospect. The Pacific Scirocco, from Pacific Drilling. Hyperdynamics…