Norway’s Petroleum Safety Authority (PSA) has begun an investigation of a well control incident on the Visund field on 17 March 2016 that caused Statoil to put a halt to production and evacuate workers in the North Sea. Visund…
UK-based independent has now cut US$425 million off its North Sea Kraken heavy oil development budget as it looks to continue reining in costs. After initially shaving $300 million, or about 10%, off the project's original $3.2 billion costs…
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil and gas professionals (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016…
Chevron's North Sea Erskine field production has been temporarily suspended during maintenance work to remove a pipeline blockage, according to partner Serica Energy. Erskine. Image from Chevron…
Operator VNG Norge has signed a frame agreement contract for the Pil and Bue (arrow and bow in Norwegian) project owner’s engineering services (OES) with Norwegian engineering firm Reinertsen. The OES contractor will provide necessary…
The third of geoscience firm PGS' four Ramform new-build Titan-class seismic acquisition vessels, the Ramform Tethys, has been named at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Nagasaki, Japan. PGS' two first Ramform Titan-class vessels…
Norway's Ministry of Petroleum and Energy has launched the 2016 Awards in Predefined Areas (APA) licensing round. APA is one of two equal licensing rounds on the Norwegian continental shelf. The scheme was introduced in 2003 to facilitate…
OneSubsea, a Cameron and Schlumberger company, has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement, and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services. Continuing previous supply agreements with BP…
Frames Flow Control & Safeguarding has completed the flow control and safeguarding equipment for the Petrobras FPSO Cidade de Campos dos Goytacazes MV29. Modec Offshore Production Systems (Singapore), a Modec group company, awarded Frames…
Blackhawk Specialty Tools expanded its international operations in Mexico with the opening of a new subsidiary and operating facility in Villahermosa, Mexico. The new facility will located at Cardenas S/N KM 8 R/A. Anacleto Canabal 2da…
The Cotemar Group is suspending a charter for the Safe Lancia semisubmersible accommodation vessel offshore Mexico, after being impacted by Pemex’s spending cuts. Vessel owner Prosafe says the suspension will be from mid-March, and the vessel will be demobilized to a suitable lay-up location…
The Petroleum Safety Authority of Norway (PSA) has given orders to Statoil to make improvements at the Gudrun platform in the North Sea, following an investigation of one of the largest hydrocarbon leaks on the Norwegian Continental Shelf that occurred more than a year ago…
North Sea producers have been given a tax break in the UK Government's 2016 Budget, announced today. Amid falling oil prices, high costs and falling production, Chancellor George Osborne had already made some tax reductions and created…
Kosmos Energy says its Greater Tortue Complex offshore Mautitania has the potential to create a new 'world-scale' LNG development, following the results of its latest appraisal well. The firm said the results of its Ahmeyim-2 appraisal well…
Sterling Energy is to withdraw from the Block C-3 joint venture, offshore Mauritania. The move will see Tullow Oil take over Sterling's 40.5% share in the production sharing contract (PSC) for Block C-3. Upon completion, the holders of the PSC will be: Tullow (Operator) 90%…