Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…
AGR has been awarded a well engineering and operational support services contract with DEA Norge. The contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continental shelf (NCS)…
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…
Royal IHC named and launched the Sapura Jade pipelaying vessel in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Image from Royal IHC. The naming…
A DNV GL-led subsea production systems (SPS) joint industry project (JIP) involving 20 industry players has made a major step forward in addressing this global industry with the first issue of a recommended practice (RP). “The JIP group…
Tampet awarded UK-based Global Marine Systems Ltd. two contracts in the North Sea, designed to further enhance high-capacity communications networks in the area and entail highly skilled route survey, cable installation and protection services…
Lime Petroleum Norway is acquiring 30% interest in PL544 located in North Sea from Lundin Norway. Map of Fosen. From Lundin Norway. The license is located south of the Edvard…
London headquartered oilfield services firm Petrofac says its loss on the west of Shetland Laggan Tormore project is to reach US$360 million in 2014-2015 amid delays and industrial action. Petrofac's work on the project, a 125km subsea…
2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source. With the announcement that Shell is targeting a US$70 billion deal for BG Group, and in doing so increasing their current LNG capacity to around 33 million tons per annum…
Sweden-based oil and gas exploration and production firm Lundin Petroleum recruited former Talisman Energy VP Nick Walker as senior vice president development and operations. Walker will join North Sea and Malaysia focused Lundin with…
Navitus Bay Development awarded Fugro a contract to provide real-time bankable wind profile data for a 12-month period using the Seawatch Wind LiDAR Buoy. The LiDAR buoy has achieved close to 100% data availability despite experiencing…
In April, Gazprom reached a milestone for its Prirazlomnoye oil field as the Kirill Lavrov tanker delivered a new batch of ARCO Arctic oil to Europe during its sixth shipment. More than 2.9 MMbbl of oil has been extracted from the Prirazlomnoye oil field since production began…
Eni's floating cylindrical platform for the Goliat field in the Barents Sea arrives in Hammerfest today (April 17) from South Korea after a 63-day voyage covering 15,608 nautical miles, the firm has announced. The 107m-diameter, 64,000…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
Petrofac completed a project for Nexen Petroleum UK Golden Eagle Development Area, delivered through its Plant Asset Management consulting business that involved the development and implementation of a maintenance program for the Golden Eagle installation…