GSP Offshore has said its jackup, the GSP Saturn, will provide offshore drilling services in Pechora Sea, in the south eastern part of the Barents Sea, on the Russian continental shelf. GSP Saturn will carry out operations under a two year contract…
Finnish government-owned investment company, Finnish Industry Investment Ltd, has acquired a 66.4% stake in Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker Arctic is a leading company in Arctic marine logistics and offshore solutions…
Marine seismic surveying in the Arctic presents many challenges. Conducting streamer surveys in the presence of high ice concentrations eliminates the ability to safely tow a conventional GPS tail buoy. When conducting 2D surveys under these conditions…
E&P majors BP and Statoil presented their views on future exploration prospects in the Arctic. Meg Chesshyre reports. Representatives from BP and Statoil discussed both the challenges associated with and future plans for developing Arctic…
Plans for arctic exploration and development continue apace—but will there be resources available? Elaine Maslin reports. The size of the arctic offshore challenge is significant, both in scale and complexity, with relatively little activity carried out to date…
The Arctic hosts harsh environments, minimal daylight and HSE concerns. Anthresia McWashington examines a case study and explains the data acquisition methods necessary to explore in one of the world’s most brutal regions. Exploration…
Alternate probability distributions could provide a better fit for Arctic ice gouge depth data, impacting design depths for future subsea pipeline projects. Pipelines installed in ice-prone regions require specialized designs for the unique environmental conditions…
The concept of temperature seems simple enough. Everyone knows that a thermometer can be used to measure the temperature of a substance such as air and that by knowing the forecast, people can adequately prepare for the day’s outdoor activities…
Declining reserves from mature fields worldwide, the ongoing demand for oil, and retreating sea ice have brought a flurry of exploration activity to the Arctic. The US Geological Survey estimates undiscovered Arctic petroleum resources of 90 billion bbls of oil and 1…
Strategic decision-making in the boardroom is vital for those operating on the new frontiers, a new report says. Elaine Maslin reports. “A single event can transform the fortunes of an entire industry,” warns a recent report on frontier hydrocarbon exploration…
Malaysia-based offshore oilfield services firm Bumi Armada Berhad has been awarded three contracts by LUKOIL-Nizhnevolzhskneft LLC to provide three Ice-Class vessels to service offshore platforms in the Filanovsky field, in the Caspian Sea…
Fincantieri has signed an agreement with a Russian research centre to define plans for a new drillship able to navigate in ice up to 1.5m thick. The Italian ship building firm has also won a contract with Russia's RosRAO, to build a semisubmersible…
The seafloor off the coast of Northern Siberia is releasing more than twice the amount of methane as previously estimated, according to new research results published in the Nov. 24 edition of the journal Nature Geoscience. The East Siberian…
By Karen Parrish, American Forces Press Service The US Defense Department’s new Arctic strategy is an 8-point approach to maintaining peace and security in a new frontier that climatic forces are poised to open in the coming years…
Keppel Corporation and the National University of Singapore have agreed to set up the Keppel-NUS Corporate Laboratory, with backing from the National Research Foundation (NRF), to develop technological solutions for the offshore industry…