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IHS: Decom spend to hit $13 billion/yr by 2040

Nov 29, 2016

The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward decommissioning is causing spending to rise significantly…

Mexico reveals prequalified bidders for deepwater round

Nov 29, 2016

Mexico’s Comisión Nacional de Hidrocarburos (CNH) has revealed a long list of individual international oil and gas companies, in addition to consortia, that have been prequalified for the country’s highly anticipated deepwater round set for next week…

Drone video of Glen Lyon

Nov 29, 2016

In this video, BP shows the Glen Lyon floating production and storage offloading (FPSO) from a drone’s point of view in the UK North Sea. The Glen Lyon FPSO is preparing for its start-up, and to process and store oil and gas from the redeveloped Schiehallion and Loyal fields.

Pryme acquires SengS Subsea

Nov 29, 2016

Pryme Group has announced the acquisition of Sengs Subsea Engineering Solutions.   Established in 2012, by Murray Kerr, SengS is an Aberdeenshire-based engineering company providing subsea engineering design consultancy, equipment testing and assembly…

Job cutting continues in UK

Nov 29, 2016

Two thirds of companies in north east Scotland have made job cuts in the past year, but optimism that the end could be in sight has risen, according to a survey.  The annual 25th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber…

GustoMSC launches new drillship design

Nov 29, 2016

Dutch vessel designer GustoMSC has unveiled a new mid-water drillship design, the Scylax. The 'fit-for-purpose' vessel is described as a compact deep water drilling unit based on a single derrick or drilling mast set up with off-line stand building…

Trellborg expands Houston team

Nov 28, 2016

Trelleborg’s offshore operation based in Houston has invested in a new Global Riser Analysis team to incorporate in-house mathematical simulation capabilities into its current engineering group. The Global Riser Analysis team consists…

L&T unveils spool base facility in Chennai

Nov 28, 2016

L&T Hydrocarbon Engineering Ltd., a wholly owned subsidiary of Larsen & Toubro, has unveiled high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai. These facilities are being employed to execute a prestigious…

Vaalco completes Etame Marin deal

Nov 28, 2016

Vaalco Energy has closed on the purchase of an additional 3.23% participating interest (2.98% working interest) in the Etame Marin Permit, offshore of the Republic of Gabon from Sojitz Etame, which represented the full interest owned by Sojitz Etame in the concession…

Atlantic requests operatorship of Orlando, Kells

Nov 28, 2016

Atlantic Petroleum issued notices to Iona Energy Co. (UK), which is in administration, to remove Iona as the operator of the Orlando and Kells licenses, offshore the UK. Atlantic has requested special meetings of the joint operating committees of UK Licenses P…

BHP awards EM&I Macedon, Pyrenees inspection contract

Nov 28, 2016

EM&I, a provider of asset integrity, inspection and specialized repair and maintenance services, has signed a contract with BHP Billiton Petroleum Australia (BHP Billiton) to provide inspection management services to their Macedon Gas Plant…

PSA investigating Scarabeo 5 fire

Nov 28, 2016

The Petroleum Safety Authority Norway (PSA) has launched an investigation into a fire which broke out in an engine room on the Scarabeo 5 drilling unit on 22 November 2016. A team from the PSA traveled out to the rig, which is working on the Njord field in the Norwegian Sea…

Statoil to drill Johan Sverdrup appraisal well

Nov 28, 2016

Norway’s Petroleum Safety Authority (PSA) has given Statoil consent to drill well 16/2-22, an appraisal well, on the Johan Sverdrup field. The consent also applies to a possible sidetrack from this well. The Statoil-operated field, located around 140km west of Stavanger in the North Sea…

Seawell relaunches after $75 million upgrade

Nov 28, 2016

The light well intervention and dive support vessel MSV Seawell has returned to service after a US$74.5 million (£60 million) investment by its owners, Aberdeen-based Helix Well Ops (UK), a UK subsidiary of international offshore energy service company Helix Energy Solutions Group…

BW Offshore takes Addax to task

Nov 28, 2016

Floating production firm BW Offshore has started an arbitration process against Addax Petroleum Exploration over payment for use of the floating production, storage and offloading vessel (FPSO) Sendje Berge.  BW Offshore says Addax as…

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