Hague and London Oil (HALO) agreed to acquire assets in the Dutch North Sea from Tullow Netherlands. Map of Tullow Netherlands assets, from Tullow. The acquisition comprises of…
Maersk Oil awarded Simmons Edeco a contract to provide scheduled and unscheduled wellhead maintenance services for all Maersk Oil offshore wells in the Danish North Sea. Simmons Edeco will also refurbish valves and wellhead maintenance equipment…
Subsea vehicle firm Soil Machine Dynamics (SMD) is relocating its servicing operations to the Port of Tyne’s Tyne Dock estate in South Shields (UK). The Tyneside-based remotely operated vehicles (ROVs) specialist will keep its head office…
Aberdeenshire-based Oilfield Machinery (OilMac) has started operations at the Port of Dundee, via a new facility on Prince Charles Wharf, which is currently being developed by Forth Ports at a cost of £10 million. OilMac, known for buying…
The UK North Sea’s extensive pile of marginal fields offer an attractive prize, if they can be economically unlocked. Steve Hamlen reports. UK marginal pools visualized. Image from the Oil & Gas Technology Centre…
Rob Gill and Steve Henzell explain how WorleyParsons intends to make wellhead facilities production cheaper and faster with a design one, build many ethos. Images from WorleyParsons. The…
Marginal fields don’t always turn out to be that marginal, especially when you have efficient topsides and an ability to find hidden pockets in your reservoir. Elaine Maslin reports. Hummingbird Spirit…
While UK North Sea production efficiency has made improvements since diving to a dire 60% in 2012, more can still be done, says Gordon Lawrence from Asset Performance Networks. Image from iStock…
Finding a way to tap the North Sea’s estimated 3.4 billion of resources currently locked up in marginal pools has become a perennial problem. Elaine Maslin looks at a past solution and ideas for today outlined at an SUT Aberdeen event earlier this year…
Cost cutting could help push more final investments decisions through this year, giving industry sight of some much-needed work. Steve Hamlen reports. Wood Mackenzie’s Malcolm Dickson. Northeast…
Plug and abandonment (P&A) and well repair specialist HydraWell has appointed Mark Sørheim as its new CEO. Mark Sørheim joins HydraWell from Schlumberger in Aberdeen where he held the position as integrated drilling and completion project director…
Faroe Petroleum has agreed to acquire a further 13.9935% interest in the producing Blane field in the UK North Sea from JX Nippon Exploration and Production for US$5.25 million. The field is a subsea tie-back to the Ula platform (Faroe 20%)…
Statoil and its partners have started production from the US$126 million (NOK 1 billion) Byrding field in the Norwegian North Sea. The project cost is down from the original estimate of $440 million (NOK 3.5 billion). Byrding is an 11 MMboe recoverable field north of the Troll field…
The UK's Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round, with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS), covering a total 114,426sq km. Image from iStock…
Offshore engineering firm Aquaterra Energy has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s…