UK independent EnQuest's proposed deal with Delek Group over the sale of a stake in the Kraken development in the UK North Sea has fallen through. EnQuest said the two parties had been unable to reach an agreement and discussions have been terminated…
Maersk Oil has agreed to sell small stakes in the Scott and Telford fields in the North Sea and the Wytch Farm onshore field in England to new entrant RockRose Energy. Scott and Telford are operated by Nexen through the Scott platform…
Statoil and CHC Helicopter have celebrated the inaugural flight to the Mariner field, Statoil’s first operated field development on the UK continental shelf (UKCS). The flight left CHC’s Aberdeen Airport base this week heading for the Mariner B floating storage unit (FSU)…
Statoil has contracted Kvaerner for works including preparation and docking of it Njord A semisubmersible production facility under a project framework agreement (PFA) for the upgrade of the facility. The call-off work has an estimated value of US42…
UK independent Parkmead has increased its stake in its operated Perth and Dolphin oil fields in the Moray Firth area of the UK central North Sea. Perth and Dolphin are central to Parkmead's Perth-Dolphin-Lowlander (PDL) oil hub project…
Aker Solutions, Det norske oljeselskap and Subsea 7 have agreed on what the three companies are calling a 'one for all, all for one' collaboration alliance to work on developing the operator's subsea field portfolio. The move, which they…
UK independent Nobel Upstream has completed a deal to buy a 7.59% stake in the UK North Sea Maclure oil and gas field from Shell. Maclure was discovered in 1991 and put into production in 2002. Production in 2016 has averaged 8200 boe/d…
Norwegian firm Offshore Heavy Transport (OHT) has been contracted to transport the Transocean Winner drilling rig to Turkey using a semisubmersible heavy lift vessel. It is expected that the rig will be floated onto the semisubmersible heavy lift vessel OHT HAWK…
North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes. The cost of the development, which will see a floating production…
INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects. The facility, the firm's first reserves based lending facility, was secured…
Aker Solutions will provide engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field in the North Sea. The 56.4 MMboe Utgard tie-back consists of…
The 2017 Offshore Achievement Awards have been launched at this year’s Intelligent Energy Conference. Following a record 30th anniversary year (in terms of both entrants and attendees) for the awards in 2016, event organizers the Society…
'Embracing New Realities: Reinventing our Industry' has been announced as the central theme for SPE Offshore Europe 2017, set to take place in Aberdeen from 5-8 September 2017. Conference chair Catherine MacGregor, president, Reservoir Characterization Group…
UK demolition and decommissioning company DSM Demolition has unveiled plans to create a major development site in the Orkney Islands, off mainland Scotland, to take advantage of the expected boom in North Sea oil and gas decommissioning work…
Talks between engineering firm Wood Group and two unions over pay cuts and changes to allowances have resulted in a 'mutually agreeable proposal,' it has been announced. Nearly 400 workers in the RMT and Unite unions staged strikes earlier…