Statoil has outlined its six Licensing Options offered in Ireland’s 2015 Atlantic Margin Licensing Round. Statoil is set to be the operator of four Licensing Options and partner in two Licensing Options, operated by ExxonMobil. The…
Norway's Det norske has agreed to acquire fellow explorer Noreco’s Norwegian license portfolio, effective 1 January 2016. The license portfolio consists of seven licenses on the Norwegian Continental Shelf, including a 20% stake in the Gohta discovery (PL492) in the Barents Sea…
Subsea 7 has won a contract extension from BP for subsea construction, inspection, repair and maintenance (IRM) services in the North Sea. Under the agreement, Subsea 7 will provide BP with an additional two years of IRM delivery, extending the contract to 2019…
The UK oil and gas industry could release more than five million man hours each year if the sector standardized and simplified safety practices. The sector could recover as much as one hour of work per day per person at worksites through…
Opportunity North East (ONE) is working with oil and gas industry leaders to establish Aberdeen as a global center for offshore technology research and development. The funding announced by the UK and Scottish governments through the…
Production well drilling has started on Statoil's major Johan Sverdrup development offshore Norway. The first of 35 wells was spudded by Odfjell drilling's Deepsea Atlantic semisubmersible drilling rig. The US$13.3 billion first phase…
Efficiency gains could be made through better use of digital technologies, but the industry is still shy on the uptake. Nada Ahmed, senior consultant, DNV GL - Oil & Gas, looks at the opportunities and risks. Images from DNV GL…
Elaine Maslin reports on Saudi Aramco’s work to improve recovery through “smart” completions, thereby simultaneously reducing intervention. Dr Mohamed Nabil Noui-Mehidi speaking at the Society…
Most of the news in the rig market is bad, but there are bright spots if you look hard enough. Audrey Leon sets out the details. Image from OE Staff. Not much has changed for…
Subsea processing market projections have consistently overestimated the growth of the market – DNV GL looked into why. Elaine Maslin reports. For the last 15 years a number of market outlooks…
The Norwegian subsea industry has been an adventure, and there is nothing to suggest that it is over. Due to hard work, innovation and collaboration, companies and research and development institutions have developed great expertise and gained market shares…
After completing the world’s first wet gas compressor offshore Norway, OneSubsea looks to continue pushing the technology to new limits. The multiphase compressor station during installation. Photos from OneSubsea…
Not all projects for clients come to fruition, but the work done along the way can lead to greater things as Norway’s Inovatum Lifting is finding out. Elaine Maslin reports. Two 150-tonne INOshackles…
After making a splash on the market with its pinless, wetmate connector Maelstrom in 2013, Elaine Maslin examines how Bergen’s WiSub is upping the game. The Torden pinless wet mate connector. Small…
Norwegian universities have a great habit of directing their students towards research that quite often results in a new technology – and new businesses. Elaine Maslin reports on a new business bringing micro-electronic mechanical systems to the subsea business…