Subsea 7 has taken delivery of the Seven Arctic and Seven Kestrel, successfully completing a substantial and targeted fleet investment program that has added six newbuild vessels to the Subsea 7 fleet since 2014. Image of the Seven Kestrel…
Energean Oil & Gas has appointed TechnipFMC as the concept and front-end engineering design (FEED) contractor for the Karish and Tanin development program, offshore Israel. The move follows Energean’s decision to develop the fields using a floating production…
Costs have been cut in the industry, but has it been enough? Elaine Maslin looks at ongoing initiatives in the UK North Sea. Photo from iStock. The past two years of pain for the oil and gas industry is well known…
'2012-14 was very buoyant. 2015 was exceptionally hard and 2016 was painful,' and there's little by way of good news until 2018-19, Subsea Expo, being held in Aberdeen this week, was told this morning (1 February). Image…
LOC Group, an international marine and engineering consultancy, is partnering with WavEC Offshore Renewables, a private, non-profit offshore marine energy research and consultancy association. As part of the agreement, LOC will provide its…
Norway’s Petroleum Safety Authority (PSA)carried out an audit of Statoil's management of operations and barriers at Gullfaks B in the North Sea that disclosed several safety issues. The audit, carried out from 21 to 29 November 2016,…
Steve Dawson and Alex Karakassis have been appointed managing directors (MDs) of Hansa Heavy Lift, taking over for Roger Iliffe, the outgoing chief executive officer (CEO), with immediate effect. Iliffe has left in order to focus on independently pursuing other opportunities…
Kerogen Capital plans to commit up to US$300 million to back Pandion Energy, as the company pursues exploration, appraisal and development opportunities on the Norwegian Continental Shelf (NCS) through acquisitions, farm ins and licensing rounds…
Kuwait Foreign Petroleum Exploration Co. (KUFPEC) has gained interest in the Greater Sleipner area offshore Norway, in addition to stake in the Gulf of Thailand. Image from KUFPEC. The company’s Norwegian subsidiary…
Dolphin Drilling has agreed to an extension of its current contract with Chevron North Sea for the semisubmersible Blackford Dolphin in a US$2.6 million deal. The extension covers ongoing operations with Chevron beyond early February…
Subsea technology and innovation goes on show today at this week's Subsea Expo, in Aberdeen. More than 5000 delegates are expected from all over the world at the annual subsea conference and exhibition, running today to Friday, this year themed - Adapting to the New…
Sand erosion can cost the industry tens of billions of dollars every year. NEL’s Marc Laing looks at what can be done to mitigate the issues. Changes to oil and gas production over past decades have brought about unprecedented challenges…
George Scott, Director for KPMG’s Cyber & Privacy practice in Scotland, warns companies in the upstream energy sector of impending changes to EU data protection laws in the form of General Data Protection Regulations. The European Union’s (EU’s) new General Data Protection Regulation (GDPR)…
Norway already has strong green credentials, with 98% of its electricity coming from renewable energy sources, primarily hydropower. Elaine Maslin looks at initiatives to harness the power of the ocean and to help reduce offshore wind costs…
The UK North Sea has an industry target to cut well completion costs by 50%. Elaine Maslin reports. Looking up through a derrick. Photo from BP. Well construction accounts for…