Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster. It will be the firm's first producing asset…
Statoil has reached a deal with Austria's OMV to acquire a 30% interest in an exploration permit offshore New Zealand, increasing the Norwegian oil major's interests in the region. Petroleum Exploration Permit (PEP) 57073 covers 9800sq km in the East Coast Basin…
ABS Group received a contract to provide third-party certification and design verification services for Hexicon AB for the planned Dounreay Tri floating offshore wind farm demonstrator project in Scotland. Image from Hexicon…
Shell is cancelling the divestment of an 80% stake in the Bijupirá and Salema fields, including the Fluminense floating production and storage offloading unit (FPSO). The Fluminense FPSO. Image from Modec…
Seacon released its newly designed A259 Ruffnek MUX series as an enhancement to the 7991 Ruffnek MUX series used on subsea BOP systems. Three key changes to the connector design include: Integrating a rubber molded face onto the…
Water treatment solutions company Water Standard secured a contract with Shell Offshore for the design, fabrication, testing, and shipment of an ultrapure water generation package (UWGP) to be integrated on Appomattox, Shell’s floating production system located in deepwater…
James Fisher Offshore (JFO), part of James Fisher and Sons, entered into a cooperation agreement with Aquatic Engineering & Construction (Aquatic) to deliver fully integrated back-deck solutions to offshore operators globally. Image from JFO…
ABS and Lloyds Register’s (LR) joint venture company Common Structural Rules Software (CSR Software) released new software tools for meeting the requirements of the IACS Common Structural Rules (CSR), which were put into effect on 1 July 2015…
Egil Haugsdal has been promoted to president of Kongsberg Maritime, following current president Geir Håøy, who will assume the position of CEO of Kongsberg in June 2016. Haugsdal holds extensive leadership experience from Kongsberg, and currently heads Kongsberg Oil & Gas Technologies…
Norway’s decommissioning market has the potential to be the second largest in the North Sea after the UK Continental Shelf, according to Oil & Gas UK’s first Norwegian Continental Shelf Decommissioning Insight report. The report, which provides a forecast for the region over the next decade…
Petróleo Brasileiro (Petrobras) has started production from the Cidade de Maricá floating production storage offloading unit (FPSO), in the pre-salt layer of the Santos Basin, offshore Brazil, in addition to the expansion of the country’s longest subsea natural gas pipeline…
Eidesvik Offshore entered into a new contract extension with Technip for the Viking Neptune subsea support vessel that is scheduled to begin in early April. The supply ship Viking Prince has also been awarded a contract with Faroe Petroleum for a well starting in mid May 2016…
Statoil launched a new venture capital fund, Statoil Energy Ventures, dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. Image from Statoil…
Norwegian engineering and construction firm Kvaerner says it has a healthy backlog but that there are few opportunities for new contracts in 2016 and 2017 looks uncertain. The firm, which only posted a relatively small drop in revenues in 2015…
Drilling contractor Ocean Rig CEO George Economou has warned that a recovery for the oil and gas industry might not come until 2018, at the earliest. Economou's comments were made as the Greece-based firm announced its second rig cancellation in the space of days…