Maersk Drilling has been awarded a new three-year contract worth US$110 million for the jackup rig Maersk Resilient with Danish oil company Maersk Oil. The Maersk Resilient. From Maersk. Commencement is expected in October 2015…
Njord Offshore have taken delivery of Njord Magni – the third 26m Quad IPS crew transfer vessel (CTV). Njord Magni is the third of four sister vessels to be delivered to Njord Offshore this year and is due to be shipped back to Europe from Singapore with Njord Thor in October 2015…
Statoil received consent from the PSA to drill a new production well from the Heimdal facility. The well is to be drilled using a modular drilling rig (MDR). An MDR is a modular mobile rig installed in the facility's drilling area. One has been used for permanent plugging of wells at Heimdal…
VNG Norge has started drilling on the Blink prospect in the Norwegian Sea offshore Norway. The well, 6406/12-5 S, is in license PL586, which also contains the recent significant Pil and Bue discoveries (announced in 2014), says partner Faroe Petroleum…
Wood Group has acquired Automated Technology Group (ATG), an independent suppliers of control and power solutions for industrial automation. ATG will perform within Wood Group Mustang’s automation and control business unit, providing…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland. According to partner, Ireland-based Europa Oil & Gas, Kosmos has withdrawn from the joint operating agreements…
Claxton has installed a high-pressure drilling riser system as part of a multimillion-dollar contract for the Catcher area field development in the central North Sea. “Claxton was the only company to offer Premier Oil a fully-forged…
For much of the period since the year 2000 – characterized by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat. Asset lives were extended through improved recovery, enhanced maintenance…
Statoil awarded FMC Technologies a US$172 million engineering, procurement, and construction (EPC) contract for Phase 1 of the Johan Sverdrup field. The Johan Sverdrup field center. Image from Statoil…
Hansa Hydrocarbons Ltd. completed a farm-out with GDF SUEZ E&P Nederland B.V. (part of the ENGIE Group) in respect of a 30% interest in its 4Quads licenses (blocks G18, H16, M3 and N1) in the Dutch North Sea. Pursuant to this transaction Hansa and GDF SUEZ E&P Nederland B…
Centrifugal pumps and systems manufacturer SPP Pumps has confirmed the expansion of its business in Norway, with the announcement of a partnership with Hillevag Elektro-Diesel - specifically for the oil and gas market. Ian Burrows (Head…
Tata Steel has been awarded a multi-million pound contract for the Maersk Culzean project in the UK central North Sea – one of the largest discoveries in the region in the last 10 years. The company will be responsible for providing more than 18…
VNG Norge has made an oil discovery in the main bore of the Boomerang exploration well offshore Norway. Well 6406/12-4S on Boomerang was drilled close to the Pil discovery and encountered a 26m gross Upper Jurassic intra-Spekk/Rogn sandstones with good reservoir properties and moveable oil…
North Energy’s board is in the process of adopting additional, extensive reductions that may lead to a possible merger. The reduction program will see the company close some of its offices; reduce operating costs, and its workforce that is being blamed on the persistent…