Norwegian oil service firm Akastor has agreed to form a joint venture with Mitsui and its subsidiary AKOFS Offshore. The joint venture has already agreed to acquire the Skandi Santos hull from DOF Subsea Rederi and the Skandi Santos topside from AKOFS…
PT Medco Energi Internasional has agreed to acquire two subsidiaries of ConocoPhillips, seeing it take over the South Natuna Sea Block B production sharing contract, offshore Indonesia, with a 40% working interest. Image from ConocoPhillips…
CGG's Fast Trax Reverse Time Migration (RTM) data from its Encontrado multiclient mega-merge project covering the Perdido fold belt has been delivered ahead of Mexico's December Licensing Round. The Encontrado reprocessing project is a merge of over 38…
MacGregor won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel. The order is booked into Q3 2016 order intake…
Osbit delivered two bespoke subsystems for a Modus autonomous underwater vehicle (AUV). The AUV systems designed and manufactured by Osbit during testing at the Port of Blyth. Image from Osbit…
Strainstall has been awarded a contract to provide mooring monitoring for the Hywind pilot park – the world’s first floating offshore wind farm. The contract with MacGregor will provide an integrated offshore mooring solution for the floating turbines…
Aquaterra Energy and Plexus Holdings have developed a light weight, dual barrier high-pressure high-temperature (HPHT) riser system which can be deployed by a jackup as an alternative to semisubmersible installation for HPHT well operations…
Statoil, Centrica and ExxonMobil, and Tord Lien, the minister of petroleum and energy, celebrated the 5 billion boe mark that has been delivered by Statfjord since first oil in 1979 today (19 September). Arne Sigve Nylund (left)…
Statoil announced the opening of its new operations center for the UK Continental Shelf (UKCS) that will see its workforce grow by 40; in addition its plans to drill three wells in the area. Scotland’s…
InterMoor has appointed Joe Price as country manager for InterMoor Canada based in St. John’s, Newfoundland, the regional hub for the Canadian offshore oil and gas sector. Price, a native Newfoundlander, is a graduate of the Ocean and…
In less than a week, the topside for Statoil's Gina Krog project was installed on the field in the North Sea. Five thoroughly heavy lift operations were performed by the Saipem 7000, and all went according to plan. The development…
Santos has appointed Anthony Neilson as its new chief financial officer (CFO), effective December 2016, following the retirement of the company's current CFO. Neilson is a chartered accountant with significant experience in the oil and gas sector within the UK…
An augmented reality system is set to be developed for use in the oil and gas industry thanks to financial backing from two Scottish innovation centres. With support from the Oil & Gas Innovation Centre (OGIC), engineering design company…
Petrel Resources and Clontarf Energy, with a Ghanaian partner, have been offered revised deep water Tano Basin acreage by Ghanaian officials, which have been accepted in principle. The acreage, which has been offered to Pan Andean Resources…
The pace and timing of an oil price recovery depends on four key drivers, according to McKinsey Energy Insights (MEI), a data and analytics firm. The firm forecasts that it will take more than six months for the oil markets to fully rebalance…