Government tax receipts from North Sea oil and gas producers will be down by 94% this year to just £130 million, the UK’s Chancellor, George Osborne revealed yesterday. The revelation was made as part of the Chancellor’s Autumn Statement and Spending Review…
Lundin Petroleum Selada-1 exploration well in Block PM308A, offshore Malaysia, has been plugged and abandoned after being found to be dry. The well was targeting hydrocarbons in Miocene aged sands about 14km to the south of the Bertam field operated by Lundin Malaysia…
Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five years valued at as much as NOK 3.2 billion. It also…
The confidence of North Sea oil and gas contractors is at an all-time low, according to a new industry report released today. Four in five contractors (79%) surveyed say they are less confident in their prospects than a year ago, compared to just 1% that are more confident…
Due to an electric fault in the high voltage drive motor for one of the gas export compressors, the Alvheim FPSO will be running at reduced production for a period of approximately four weeks while the motor is being replaced. Currently…
Carnarvon Petroleum has announced that operator Quadrant Energy has spud the Roc-1 well on 24 November 2015. Drilling is expected to reach 4700m total depth, and take about 35-40 days trouble free. Well logging and sidewall coring is expected to take about 5-10 days on success case…
UK-based ROV and trenching vehicle manufacturer Specialist Machine Developments (SMD) is to cut 80 jobs in the wake of its largest ever order being suspended due to Russian sanctions. Image from SMD Facebook…
Wild Well Control increased its presence in the Asia-Pacific region this month. Steve Nas, regional manager of Well Control Engineering – Asia-Pacific region, brings nearly 35 years of experience with a focus on underbalanced and managed…
Penspen has been awarded a contract from Sirius Group to conduct an engineering study for the monetization of gas reserves from oilfields offshore Niger Delta. A key element of this agreement is the development of gas reserves of the OML 122 field…
Subsea connector specialist, First Subsea, has been awarded a contract to supply a cable connector for the third phase of the Fukushima Floating Offshore Wind Farm Demonstration, offshore Japan. In this latest phase of the project, the connector…
Marine and subsea firm Inspection Monitoring Engineering Solutions (IMES) has invested US$75,481 (£50,000) in new technology, expanding its existing service offering for clients in the oil and gas industry. The Aberdeen-based company…
Dutch ship owner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel. When completed, the rebuilt ship will be used to accommodate and transfer service personnel working on offshore wind farms…
Statoil has released a video of a heavy lift as part of its Aasta Hansteen spar integration in Hyundai Heavy Industries' yard in South Korea. Weighing 2200-tonne and measuring 50 X 20 X 25m, the heavy lift of this 'mega module' was a…
Statoil has awarded a contract to Isleburn Limited for providing the suction anchors to its floating wind farm project, the Hywind pilot park, offshore Peterhead, Scotland. Isleburn, part of Global Energy Group and based in Northern Scotland…
Gilles Cochevelou has been appointed Chief Digital Officer of French oil major Total. Cochevelou joined Total in 1994 and has held, successively, the positions of Operations Manager at Donges Refinery and Head of Strategic Planning in Refining and Marketing…