Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
Norwegian-based Siem Offshore has appointed Idar Hillersøy its new CEO, effective 1 August, replacing current CEO Terje Sørensen, who will stay until a transitional phase is completed. Since April, Idar Hillersøy has been responsible…
Exceed, a well management and performance improvement specialist, has announced that it has joined forces with eight former members of senior staff from Applied Drilling Technology International (ADTI). ADTI ceased trading in May 2015…
Atlantic Petroleum has announced that its subsidiary, Atlantic Petroleum UK Ltd., has completed the sale and purchase agreement with Third Energy Offshore for the sale of Atlantic Petroleum’s interests in P1724 (UK Block 43/13b which contains the Pegasus West Gas Discovery)…
Global shipping and energy services firm, Craig Group, has launched its first F-Class vessel, the Grampian Fortress. The IMT 958 multi-role emergency response and rescue vessel (ERRV) was christened in the Balenciaga Shipyard in Northern Spain this week…
UK-based drilling specialist Archer reported a 22.5% drop in 2Q 2015 that will lead to cutting 700 jobs in its global workforce. Image from Archer. Revenue for 2Q was US$388…
Sand control engineering specialist Darcy is gearing up for global interest in its downhole Hydraulic Screen following a successful installation in Statoil’s Statfjord oil field in the Norwegian Sector of the North Sea. The system provides…
Paradigm Flow Services has successfully completed a deluge remediation and replacement project for Apache North Sea in the Forties field. The remediation work was carried out as part of the company’s Deluge Integrity Management service on four of the Forties assets…
With just weeks to go before SPE Offshore Europe brings the oil industry to Aberdeen, Neil Golding takes a look at activity on the UK Continental Shelf – and what needs to change. The oil price is being blamed largely for the slowdown…
The rewards on offer from subsea boosting technology were spelled out at the MCE Deepwater Development Conference in London this spring by Arne B. Olsen, sales director, pumps and subsea processing at OneSubsea. Meg Chesshyre reports. Gullfaks…
In today’s climate, helping the next generation understand the importance and longevity of the oil and gas industry is more important than ever, says SPE Offshore Europe co-chairman Charles Woodburn. Elaine Maslin explains. Charles Woodburn…
Big data is not just for the seismic segment. Elaine Maslin takes a look at other areas, such as condition monitoring, where the industry could make significant gains. A view of the server room at BP’s Center for High-Performance Computing…
Designing a tightly packed, complex turret system is one thing. Designing so it can be built and then maintained without causing hiccups is another. Carlo Pellegrino of Italy’s RINA Services explains. FSRU Toscana…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…