Last week, workers at the Hijos de J. Barreras SA shipyard (Astillero Barreras) in Vigo, northwest Spain, laid the keel for a new floating accommodation vessel for Pemex Exploration and Production. The Barreras shipyard was founded in the Galicia region in 1892…
This video shows Lerwick Harbour receiving the 10,000-tonne subsea oil storage tank for Premier’s Solan oil field development located 90km west of Shetland. The tank was delivered to the port on 26 July from the construction…
Norway's Petroleum Safety Authority (PSA) is investigating a hydrocarbon leak which happened on the Eldfisk field in Block 2/7 in the North Sea early on Thursday 7 August. The leak led to the discharge of stabilized oil to the sea…
Junior North Sea-focused exploration firm Trapoil is to shed more of its senior staff, including its co-founders, in a bid to maintain the value of its assets. The firm, currently has a mix of carried and paying interests in 11 licenses…
Aker Solutions has agreed to lease a new office complex in Aberdeen on a 20-year contract as part of an expansion in the UK. The facility is under development and will consist of three interconnected buildings in the new Aberdeen International Business Park near Aberdeen airport…
Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings. The frame agreement covers the following business segments: Subsea…
UK-based Cluff Natural Resources (CNR) has been awarded three Conditional Underground Coal Gasification (UCG) licenses, Options for Leases and non-exclusive Exploration Licenses for two offshore deep UCG prospects offshore Durham and Cumbria…
Baker Hughes issued the July 2014 international rotary drilling rig count last week, showing a total of 1382 rigs operating outside the US & Canada. International activity in July was up 38 rigs from the 1344 rigs drilling in June 2014…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
Teekay Offshore Partners have exercised the first of six options to build another floating accommodation unit (FAU) based on the cylindrical Sevan design at the Cosco Shipyard, Nantong, China. The new FAU is scheduled for delivery in Q3 2016…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Aberdeen’s oil industry has pioneered global offshore harsh environment exploration, but it will need to “innovate its socks off” to maximize the North Sea’s remaining potential and remain competitive globally, a special SPE event in the Scottish city heard last night…
Irish oil and gas exploration firm Providence Resources agreed to contract with Polarcus MC Ltd. and Seabird Exploration for the provision of the 2500sq km of the 2D data in the Newgrange area, which lies in 1000m water depth in the Goban Spur basin…