Directors of Aberdeen-based independent oil exploration and production company Bridge Energy have recommended the approval of a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike Exploration acquire the…
Desire Petroleum has said a farm out process on its Falklands acreage has been held back by uncertainty over the timing and scope of the development of the Sea Lion oil field. A lack of a firm date for the mobilisation of a rig to the…
Petroceltic International has announced the successful tie-back of a new production well on the Kaliakra gas field, offshore Bulgaria. The well was completed with a subsea wellhead and connected to the existing Kaliakra pipeline for export via the Galata platform…
Scottish Ministers have approved plans for the first first tidal energy project in Scotland's Pentland Firth. MeyGen's project will be the largest tidal array in Europe when it is built. It will be installed in stages, beginning with a 9MW demonstration project of up to six turbines…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian and African regions…
Oil & Gas UK, the representative organisation for the oil and gas industry, today announces new appointments to its board. The appointments are: Eric D’Argentre, UK General Manager, Perenco UK Luke Farajallah, Managing Director…
BG Group has selected oil and gas service firm ASCO to provide supply base services for its operations in Tanzania, east Africa, under a three year contract worth about US$100 million. The contract will see ASCO work for a number of operators…
The oldest permanent production platform on the Norwegian shelf ceased production at the start of this month, after more than 39 years in active service. Ekofisk 2/4 A started producing in the Ekofisk field in the spring of 1974 and has produced 872MM boe…
Helix Energy Solutions has confirmed an order for a second semisubmersible light well intervention rig from Sembcorp Marine subsidiary Jurong Shipyard. The US$346 million order is scheduled for delivery mid-2016, and will be built based…
Drilling on the South West Tamar prospect, offshore Israel, is due to start in the next two weeks, partners on the project have said. Delek Group, a partner on the Noble Energy-operated project, said the exploration well at South West (SW) Tamar prospect…
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym semisubmersible…
OneSubsea has been awarded a £65 million contract to manufacture subsea trees for BP’s west of Shetland Quad 204 project. The Quad 204 project is a re-development of the Schiehallion and Loyal fields, involving a new floating production…
The National Hyperbaric Centre in Aberdeen, Scotland has recently invested in an ‘Environmental Testing Facility’ (ETF). The new, large environmental test laboratory has been installed to simulate conditions down to -25° C for testing offshore equipment…
Acteon announced that it has completed the acquisition of Probe Oil Tools Ltd., which is based in Great Yarmouth, UK. Established in 1973 and still being run by its managing director, Keith Ford, Probe Oil Tools is a specialist provider of high-specification pressure-control equipment…
Petrotechnics has been awarded a €2 million contract by Teekay Petrojarl to deploy its Proscient across its global fleet. Petrotechnics will provide work management tools to support Teekay Petrojarl’s goal of creating a standardized approach to work management across their global operations…