According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices. Wood Mackenzie projects that the biggest reductions will come in drilling costs…
The Petroleum Safety Authority Norway granted Statoil consent for exploration drilling at its operated production license 602 in block 6706/11 in the Norwegian Sea. The field is located around 233km from the nearest mainland at Skomvær in the county of Nordland…
OneSubsea has been awarded a US$330 million subsea production systems contract for a gas project offshore North Africa. The scope of supply for the 13-well development includes subsea production equipment, tooling, and installation and commissioning services…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. Image from CGG…
Fugro has been awarded a contract by DeepOcean for the provision of precise satellite positioning for their entire fleet. The contract is valid for three years and also includes the new vessels in DeepOcean’s continuously expanding fleet…
Premier Oil’s “high-impact, play-opening” Isobel Deep North Falkland Basin well has made an oil discovery, the operator confirmed this morning, in higher than expected reservoir pressure. Operations have been suspended and the rig will be released to drill in the South Falkland Basin…
Transocean appointed Mark Mey as executive vice president and CFO effective 28 May 2015. This move comes after the announcement of Esa Ikaheimonen stepping down as executive vice president and CFO effective immediately. Ikaheimonen…
UK Total Solutions (UKTS) and Gateshead College will open a new oil, gas and renewables academy, the first in the northeast, following a six-figure investment in a purpose built facility, which will provide a gateway to an industry career and help resolve some of the industry’s skills shortages…
Penspen, a provider of engineering and management services to the energy industry, appointed Carl Mook as the new executive vice president (EVP) asset management and asset integrity and regional director of the Americas. In his new EVP role…
Höegh LNG Holdings has signed an FSRU contract with Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around US$36 million…
UTEC NCS Survey, an Acteon company, has recently completed three months of AUV operations for a number of Saipem projects located in West Africa. UTEC NCS performed pre-lay and as-laid surveys using their Gavia autonomous underwater…
Australia’s Woodside Petroleum will exit the Lake Tanganyika South block it farmed into last July, according to partner Beach Energy. Beach Energy made the announcement on 27 May that Woodside decided not to enter the next phase of exploration on the production sharing agreement (PSA)…
Hydratight, a joint integrity specialist, has gained DNV GL Type approval for the MorSafe clamp, Hydratight’s new bolt renewal clamp. The clamp is used to change out bolts on flanges that are in operation. The MorSafe Bolt Renewal Clamp…
Tullow Oil began exploration drilling at the Zumba prospect in the Norwegian Sea, according to partner North Energy. The Leiv Eiriksson. From Ocean Rig. Zumba is located in production licence 591…
Atlantic Petroleum is withdrawing from, and farming out of two production licenses in the Norwegian Sea. Roald Rygg map. From Statoil. The company submitted a notice of withdrawal…