BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt. The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…
Offshore engineering, construction, and support services firm Sembmarine SLP is investing in additional facilities in Lowestoft and Aberdeen. In Lowestoft, the company's Offshore Services Group has just moved into new premises at Newcombe House…
The UK's National Renewable Energy Centre (Narec) has signed a memorandum of understanding (MOU) with the Technical Research Institute of Sweden (SP). The MoU see the two parties agree to further collaborative R&D activities and to establish a formalized strategic partnership…
Mexican state-owned oil company Petroleos Mexicanos says it will not begin exporting high-quality Olmeca crude to Europe until the second half of February. Pemex said on 6 Jan, that exports of the extra-light Olmeca would begin in January…
A UK-based marine renewables consultancy has signed a memorandum of understanding with a German firm to finance and built a new construction vessel, the Hi Flo 4. Mojo Maritime, based in Falmouth, signed the MOU with Hammonia Reederei GmbH & Co…
Back deck equipment firm Maritime Developments has launched a new equipment hire division. The company, which has operations in Aberdeen and Peterhead, is on track to increase turnover to £12 million for its year-end in March 2014, a projected rise of 110% on its 2013 figure of £5…
The UK Government has opened the country's 28th offshore oil and gas exploration licensing round, amid concerns about a slow-down in the basin. Wood Mackenzie’s annual review of UK upstream oil and gas said capital investment continued to increase…
Parker Hannifin's instrumentation products division in Barnstaple, UK, is to supply valves and tube connection fittings for the Gina Krog deveopment offshore Norway. The Statoil-operated Gina Krog (formerly known as Dagny) field development is a gas…
Despite record levels of UKCS investment during 2013, the year proved to be disappointing both in terms of exploration and appraisal drilling activity and to a lesser extent the acquisition and divestments market. UKCS Drilling Levels 32…
Kleven has signed a contract with Rem Offshore for the building of a platform support vessel (PSV) specially designed to operate in challenging arctic conditions (pictured). The type VS 485 MK III ARCTIC design includes a number of features for ice prevention and de-icing…
Offshore support specialist Viking SeaTech has invested in a £1.5 million equipment upgrade. The overhaul to spoolers, coilers and chain inspection machines brings the company’s stock in line with the latest EU health, safety and environment (HSE) standards…
Electromagnetic Geoservices ASA signed a global framework agreement with Shell International Exploration and Production B.V. for the provision of consultancy services. The range of services covered by the agreement includes survey planning/modeling…
Offshore rope manufacturer Lankhorst Ropes has been awarded a contract by HHITECH (Hyundai Heavy Industries and Technip USA consortium) to supply the mooring lines for Statoil’s Aasta Hansteen Spar platform. The platform is destined for the Norwegian Sea…
A project milestone was achieved yesterday with the final heavy lift on Nexen Petroleum UK Ltd's Golden Eagle development platform living quarters module, currently under construction on Sembmarine SLP's Lowestoft yard, UK. The single…
Croatia’s government is planning to publish tenders for oil and gas exploration in the central and southern Adriatic Sea in Q2 this year. The announcement followed the completion of a 2D multiclient seismic acquisition survey offshore…