Eversendai Offshore made a significant investment in AVEVA’s Integrated Engineering & Design solutions through its deployment of AVEVA Marine. AVEVA Marine is a set of integrated applications created…
Aberdeen-based, Hydro Group invested US$454,000 in state-of-the-art machinery, by installing and commissioning an advanced armoring line at its facility in Bridge of Don, Aberdeen, enabling the company to offer cable products which will improve and support subsea operations…
Companies in the deepwater drilling market have lost more than half of their value over the last year; Transocean, Seadrill, ENSCO and Diamond Offshore are currently priced 56% lower on average compared to January 2014 in line with the decrease in oil prices…
First oil has been produced from the Det norske-operated Bøyla field in production license 340 in the Norwegian sector of the North Sea offshore Norway. Bøyla, a subsea tie-back to the Alvheim floating production facility, is estimated…
SeaBird Exploration has signed a letter of intent for use of the Northern Explorer for a 2D seismic survey offshore West Africa. The survey will cover about 1700km and is worth about US$1.3 million. The project is expected to start in February and last two weeks.
Anadarko began first production at the Lucius field in the US Gulf of Mexico. Image of the Lucius spar. From Anadarko. Lucius is located approximately 380km southwest of Port Fourchon…
ExxonMobil began production at the Arkutun-Dagi field, off Russia. Image of the Arkutun-Dagi topside. Arkutun-Dagi is part of the multi-billion-dollar Sakhalin-1 project, which also…
Det norske is planning a US$238 million development for the Viper-Kobra fields near Alvheim in production license (PL) 203, in the central North Sea, off Norway. Map of Alvheim field. From Det norske…
Gazprom Neft’s subsidiary, Gazpromneft Sakhalin has been awarded subsoil-use rights to two blocks in the Russian Arctic. Image from Gazprom Neft. The first block, the Severo-Zapadniy (North East) block is located on the Pechora Sea shelf…
Spain’s Repsol is flying the coop on the Sandia exploration well off the Canary Islands after the find proved to be very thin, with non-exploitable layers. The Rowan Renaissance. From Rowan. Sandia is located in the Atlantic Ocean…
High costs and weaker oil prices could drive cost cuts, which, while leading to a short-term drop in activity, would strengthen Norway's petroleum industry over the long-term, according to the Norwegian Petroleum Directorate (NPD). The…
Ireland-based exploration firm Petroceltic is focusing its attention on Egypt after two offshore block awards were recently ratified. The firm said during 2014, formal award of the offshore North Thekah block was awarded and, more recently…
Noreco has reduced its ownership in license 9/95 on the Danish continental shelf from 20.1% to 16% by transferring the balance to Nordsøfonden, the Danish State’s oil and gas company. Drilling of the exploration well 9/95 Xana started…
Belgian dredging, engineering and environmental group DEME has ordered two new vessels to serve the offshore energy market. Shipyards La Naval in Spain and Uljanik in Croatia will build the multipurpose vessel Living Stone and the self-propelled jackup Apollo…
A US federal district court judge in Louisiana ruled on Thursday that BP’s Macondo well discharged 3.19 million barrels of oil into the US Gulf of Mexico. The ruling means that BP faces a maximum fine of US$13.7 billion under the US…