GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
Technip has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd (PCSB) for the D18 Project. The project covers the procurement and installation of two 8” water injection flexible pipes totalling 9…
Oil and gas engineering services firm Plexus Holdings has signed an agreement with Aquaterra Energy to jointly supply high-pressure/high-temperature dual barrier marine risers utilizing Plexus’ POS-GRIP technology. The new risers will be a new solution for use on jackup rigs…
An aging asset doesn’t mean unmanageable, unprofitable and inoperable. There is still potential to be realized from the UK Continental Shelf (UKCS), despite the challenges of the current climate. In terms of oil alone, it is estimated that there are around 25 billion barrels to be recovered…
Wintershall Norge has awarded Odfjell Drilling's semisubmersible Deepsea Stavanger a contract for the drilling of production wells on the Maria field in the Haltenbanken area on the Norwegian Continental Shelf. The firm contract is for…
Private equity backed Proserv Group has bought Aberdeen-based subsea acoustic positioning firm Nautronix. Employing 120 people, Nautronix is recognised for its through-water digital acoustic wireless communications and positioning systems…
The continued low oil price has led to some 5500 job losses in the UK North Sea since late 2014, according to new figures released by the Oil and Gas Authority today. The organization, a new independent regulatory body, set up earlier…
Geoscience firm Spectrum has agreed a multi-client master co-operation deal with the Somalian government. The agreement allows Spectrum to acquire approximately 28,000km of long offset 2D seismic data offshore south Somalia. The new acquisition has been specifically designed to complement 20…
Shell is planning to start 3D seismic acquisition offshore Myanmar following its return to becoming an operator in the country. The firm has issued a letter of award to Oslo-listed geoscience firm Polarcus for a 3D marine seismic project…
Amidst the gloomy days of August when Brent Crude bottomed out at $42/bbl, the acquisition of Cameron by Schlumberger (US$14.8 billion) took place as one of the largest mergers in the oil patch, following the tie-up of Halliburton and Baker Hughes ($32 billion) in November 2014…
After months of build-up and a frenzy of activity at Aberdeen Exhibition and Conference Centre this past week, Europe's biggest oil show is less than 24 hours from opening. To help you get the most out of the show, each week we have been posting tips on how to survive the oil show…
Aqualis Offshore, an offshore marine and engineering consultancy, has opened a new office in Doha, Qatar. Aqualis Offshore, part of Oslo-listed Aqualis ASA, has opened 16 offices in 11 countries worldwide since its establishment just over two years ago…
Only two months after announcing the launch of their expanded test facilities, Hexham based Red Marine has announced another expansion of its testing capabilities with the development of a new high capacity test rig. The 200-tonne capacity…
With Offshore Europe fast approaching (September 8-11, 2015), VIKING Life-Saving Equipment will be on hand to help offshore operators and drilling rig owners optimize their safety equipment logistics. In the company’s experience, this operations…
China’s Silk Road Fund (SRF) entered into an agreement with Russia’s Novatek to acquire 9.9% equity stake in the Yamal LNG project. Map of Yamal. From Total. Should the deal be approved…