E Plug has been named 2015 winner of the Intervention & Coiled Tubing Association (ICoTA) European Chapter’s Innovation Award. Scott Mitchell, Chair of the European Chapter of ICoTA (left), presents the award to Thomas Johansen…
Geocsience firm TGS is to cut staffing by a further 130, or 16%, after continuing to review its cost base amid the ongoing weak market conditions. Image from TGS. The firm says…
NEL, the UK-based flow measurement research and development specialist, has launched a joint industry project (JIP) to meet an urgent industry requirement to address the challenges of accurately measuring highly viscous, multiphase flows…
EDP Renewables (EDPR), Mitsubishi (through its subsidiary Diamond Generating Europe), Chiyoda (through its subsidiary Chiyoda Generating Europe), Engie and Repsol entered into an agreement to implement a floating offshore wind farm off the coast of Northern Portugal…
Conductor Installation Services (CIS) successfully completed its second subsea piling campaign for Technip in Norway. Deck Layout close-up. Image from Technip. CIS used its remotely operated Subsea Piling System…
Norway's Norwegian Petroleum Directorate (NPD) has given Lundin the green light to start production from the Edvard Grieg field. The field is in production license 338 in the Norwegian sector of the North Sea. According to the NPD, the…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…
Norway's Det Norske has bought UK-based independent explorer Premier Oil's Norwegian assets for US$120 million, just a month after agreeing to buy Svenksa Petroleum for $75 million. The Premier Oil assets include the Vette development…
Weatherford Secure Drilling Services and Maersk Training have entered a strategic partnership to enhance scenario-based training and competency for critical wells. The training will provide Weatherford, operator and rig-crew personnel with…
Maersk Oil awarded Aberdeen-based production and integrity evaluation specialist READ Cased Hole a multi-million dollar contract, five-year contract to be the primary service provider for cased hole logging services, including production evaluation and well integrity domains…
Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
Xcite Energy has agreed a deal with Azinor Catalyst that will see Azinor carry out at technical evaluation of the blocks in its license P1979 in the North Sea in return for a 40% stake in the license. Block P1979 contains blocks 9/4a…
SKF supplied magnetic bearings for use in the world’s first subsea gas compression system at the Åsgard gas field off the Norwegian coast. As part of the subsea gas compression system, the bearings will contribute to recovering additional…
Italy's ENI has completed track well GU2-Dir A at the Guendalina gas field in the Northern Adriatic, offshore Italy. The side track reached a planned total depth of 3276m, according to partner Rockhopper Exploration. All target horizons…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…