Hungary’s MOL Group is eyeing North Sea operatorship and has deep enough pockets to do it. Elaine Maslin spoke to exploration director Alex Dodds (pictured). Hungary’s MOL Group is aiming to double its production within at least five years and then double it again after that…
Greenpeace activists this (Tuesday 27 May) morning boarded two oil rigs in an attempt to disrupt their planned deployment to areas within the Arctic Circle. A group of 30 activists in the Dutch port of IJmuiden occupied the GSP Saturn…
Exploration well 31/2-21S targeting the Gotama prospect, offshore Norway, did not encounter reservoir quality sandstones in the Upper Jurassic main target, says operator Tullow Oil. The well, in production license 550, encountered reservoir…
Maersk Drilling has chosen to equip its soon-to-be completed XL Enhanced 4 jackup rig with seven Boat-In-A-Box lifeboat and rescue boat systems from the Danish davit manufacturer Xervo. The system was developed in line with NORSOK R-002 standards and meets those standards…
Netherlands-based Royal Boskalis Westminster provides this animation of the new ultra large Dockwise V-class heavy marine transport vessel that it is currently studying.
UK offshore oil and gas industry optimism continues to decline amid rising operating costs and a decline in exploration activity. But, despite the declining optimism, sentiment in the industry still remains positive, according to Oil & Gas UK’s Q1 2014 Business Sentiment Index…
UK plate and specialty metals supplier Murray Metals (MM) has bought Alphastrut, giving it a foothold in the offshore oil an dgas industry. Alphastrut offers an aluminium support and cable containment system which MM says is more than…
Materials technology and engineering specialists Aubin has completed the first operational trial of its liquid gel lifting technology system LiquiBuoy. The company conducted rigorous testing of its liquid gel technology at The Underwater Centre in Fort William…
Norwegian shipyard Kleven has signed a contract with Olympic Shipping for the building of an IMR vessel of MT 6021 MKII design. The contract value is around NOK450 million, and the vessel will be delivered from Kleven Verft in June 2015. The…
Statoil has exercised a two-year contract extension with Altus Intervention for the provision of mechanical wireline services on Statoil-operated fields and mobile drilling units on the Norwegian continental shelf. The scope of the extended…
Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts. The agreement…
UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…
Norway's Vard Holdings Ltd. has secured a new contract with Island Offshore to build an offshore support vessel based on a Rolls-Royce design. The contract value is more than NOK1 billion (US$167.7 million). Delivery is scheduled from Vard Brevik in Norway in 2Q 2016…
OAO Yamal LNG closed on a contract to supply China National Petroleum Corporation (CNPC) 3mtpa LNG annually for 20 years from the Yamal LNG project in the Russian Arctic, according to Yamal LNG majority shareholder OAO Novatek. CNPC bought…
This week, Technip officially opened its new, state-of-the-art automated vertical helix assembly machine on Walker Riverside, Newcastle. Elaine Maslin went to see why and how it works. Umbilical and flexible pipe manufacture has become…