Latest News - page 2022


SBM picked for floating wind farm project

Nov 10, 2016

Dutch floating technologies firm SBM Offshore has been picked to provide a floating wind systems solution for a pilot project, offshore France.  EDF Energies Nouvelles was selected by the French government last week to construct a pilot floating wind farm for its Provence Grand Large project…

Aker BP starts Viper-Kobra production

Nov 10, 2016

Aker BP has started production from the Viper-Kobra development, a subsea tieback to the Alvheim floating production, storage and offloading (FPSO) vessel in the Norwegian North Sea. Viper-Kobra consists of two separate discoveries, containing 9 MMboe jointly…

Weatherford CEO steps down

Nov 09, 2016

Bernard J. Duroc-Danner, chairman of the board, president and CEO, of Weatherford International has resigned, effective immediately. Robert Rayne, current vice chairman of the board, will serve as chairman of the board. Krishna Shivram take over as interim CEO…

Vaalco exits Angola

Nov 09, 2016

Houston’s Vaalco Energy makes its exit from Angola discontinuing all operations, as the company picked up stake in Etame off Gabon in Q3 2016, narrowing its focus and reducing costs. Image of Gabon operations…

Saipem inks US$1 billion in work

Nov 09, 2016

Saipem has been awarded new contracts with an overall amount of about US$1 billion, with two major deals awarded by Saudi Aramco. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering…

Coretrax expands ME presence

Nov 09, 2016

Coretrax, an engineered servicing company for wellbore clean up and abandonment, has radically expanded its Middle East presence by moving its Saudi Arabian operations into a 130,000sq ft facility in Dammam.   'We’ve worked hard to get…

Tullow progresses on Jubilee, Norway exit

Nov 09, 2016

Tullow Oil is moving to get its Jubilee project offshore Ghana on track by year-end, as it firms up plans to divest all of its Norwegian assets by 1H 2017. Image from Tullow. “We…

Prosafe drops costs, extends contract

Nov 09, 2016

Repsol Sinopec Resources UK Ltd. (formerly Talisman Sinopec Energy UK) has exercised options to extend the charter of the Safe Boreas accomodation vessel by 44 days.  In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector of the North Sea…

Shell uses James Fisher's platform-based ROV system

Nov 09, 2016

James Fisher Subsea (JF Subsea), a division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through use of asset-based remotely operated vehicles (ABROVs) on oil platform inspection programs in the North Sea…

Providence moves on after losing court appeal

Nov 09, 2016

Irish independent explorer Providence Resources has lost a Supreme Court application to appeal a decision which meant it was unable to recoup costs from a drilling campaign in 2011/12.  Providence wanted to appeal a UK Court of Appeal…

Bibby completes Shell contract, wins a second

Nov 09, 2016

Subsea services firm Bibby Offshore has completed one contract and has started a second for Shell on the major's Corrib gas field, offshore Ireland. The first contract, completed in June , saw Bibby Offshore’s construction support vessel…

Swedes win major Danish wind farm bid

Nov 09, 2016

Sweden's Vattenfall has won the tender to build Danish Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea.   Kriegers Flak will be Denmark’s largest offshore wind farm. Vattenfall’s investment in Kriegers Flak will be EUR 1…

Hurricane spuds Lincoln probe, aims for 250 MMbbl unrisked

Nov 09, 2016

UK-based basement explorer Hurricane Energy has spudded its latest well West of Shetland. The firm, which recently completed the successful Lancaster 7 appraisal spudded the Lincoln well on 8 November, the firm said. The Lincoln well…

Statoil paves way for Njord Future Project

Nov 09, 2016

Statoil has been given approval to carrying out various well activities on the Njord field in the Norwegian Sea, about 130km north of Kristiansund. The Njord field has been developed using a semisubmersible drilling, accommodation and production facility…

SAE nets ocean bottom contract

Nov 09, 2016

Houston-headquartered SAExploration has won a ca.US$35 million contract to provide a 3D deepwater ocean-bottom marine project in West Africa. SAE expects to initiate this project in late 2016 and complete it in Q1 2017. The project will…

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