Denmark’s DONG Energy has decided to exit the oil and gas business, to focus its efforts on renewables. Image from DONG Energy. “We have decided to initiate a process with the aim of ultimately exiting from our oil and gas business…
Marine Scotland announced the award of two marine licenses in support of Aberdeen Harbour’s major plans to expand its facilities into Nigg Bay, to the south of the existing harbor. Issued under the Marine (Scotland) Act 2010, the licenses…
Norway’s Petroleum Safety Authority (PSA) has granted Statoil consent to use the Huldra facility in a cold phase in production license 051 and 052B in the North Sea. The consent applies to the use of the facility in a cold phase, after the wells have been permanently plugged and abandoned…
In this video, Chevron shows the process it took for its Alder HPHT field to reach first gas, 41 years after in was discovered. Chevron’s high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea started production this week…
As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. In accordance with the letter of intent…
VNG Norge and its partners in PL586 will develop the Pil & Bue discoveries using a subsea installation tied back to the Njord A platform in the Norwegian Sea. Map of Pil & Bue, from VNG Norge. In…
Statoil has appointed Jannicke Nilsson as its new executive vice president and chief operating officer (COO), taking over for current COO Anders Opedal, who will lead the development of Statoil’s growing and increasingly important operations in Brazil as new country manager…
Statoil has awarded contracts to the FMC Technologies and Technip joint venture Forsys Subsea, and to Aker Solutions for its Trestakk field development that is scheduled for start-up in 2019, offshore Norway. Illustration of the Trestakk field…
Maersk Supply Service has launched a new Integrated Solutions business that will support the company’s ambition to become a leading integrator of marine services and solutions for the energy sector. With vessel operations remaining the core business…
Statoil awarded Coast Center Base (CCB) a contract for the reception and preparation of the two new category J rigs for Statoil: Boots and the Cinderella. The rigs are being built at the Samsung Heavy Industries shipyard in South Korea and are expected to the delivered in Q2 2017…
Ecosse Subsea Systems (ESS) is investing up to US$3.7 million (£3 million) in developing a water-jetting tool, which has the potential to double trench production rates in seabed trenching operations. Image of Cowie…
Decisions over large field developments in the North Sea continue to be deferred, but some fields are coming through, in the form of subsea tiebacks, and costs have been cut. According to Wood Mackenzie, 2016 to date has seen five final investment decisions made across the North Sea…
DNV GL awarded the first functional safety capability assessment (FSCA) certificate to Rockwell Automation, for their Functional Safety Management (FSM) system, and the first Functional Safety Product (FSP) certificate for the safety related…