BP has started a US$1 billion in its Eastern Trough Area Project (ETAP) in the North Sea as part of a platform renewal life extension project. The investment will see the facilities (pictured), which produce oil and gas from nine different reservoirs…
A 'back-to-fundamentals' strategy is helping seismic firm Polarcus weather the storm, CEO Rod Starr said this morning. The firm's revenues are down 33% in 2Q, compared to the same period last year, at US$91.7 million, but the firm has…
Lundin's Edvard Grieg field is on track for first oil in 4Q this year despite a delay to the topside modules installation earlier this year (see video below). The firm has also drilled its latest successful appraisal well on the 185.8 MMboe gross reserves field…
LR Senergy’s new process uses computational fluid dynamics (CFD) to model a well and near wellbore — and subsequently identify production optimization options and strategies. Jeannie Stell reports. Michael Byrne…
In this video, Aibel shows the DolWin beta converter platform leaving Aibel's yard in Haugesund, Norway on its way to be installed in the DolWin wind cluster in the German North Sea. The platform concept is based on experience from the oil and gas sector…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
Norwegian-based Siem Offshore has appointed Idar Hillersøy its new CEO, effective 1 August, replacing current CEO Terje Sørensen, who will stay until a transitional phase is completed. Since April, Idar Hillersøy has been responsible…
Exceed, a well management and performance improvement specialist, has announced that it has joined forces with eight former members of senior staff from Applied Drilling Technology International (ADTI). ADTI ceased trading in May 2015…
Atlantic Petroleum has announced that its subsidiary, Atlantic Petroleum UK Ltd., has completed the sale and purchase agreement with Third Energy Offshore for the sale of Atlantic Petroleum’s interests in P1724 (UK Block 43/13b which contains the Pegasus West Gas Discovery)…
Global shipping and energy services firm, Craig Group, has launched its first F-Class vessel, the Grampian Fortress. The IMT 958 multi-role emergency response and rescue vessel (ERRV) was christened in the Balenciaga Shipyard in Northern Spain this week…
UK-based drilling specialist Archer reported a 22.5% drop in 2Q 2015 that will lead to cutting 700 jobs in its global workforce. Image from Archer. Revenue for 2Q was US$388…
Sand control engineering specialist Darcy is gearing up for global interest in its downhole Hydraulic Screen following a successful installation in Statoil’s Statfjord oil field in the Norwegian Sector of the North Sea. The system provides…
Paradigm Flow Services has successfully completed a deluge remediation and replacement project for Apache North Sea in the Forties field. The remediation work was carried out as part of the company’s Deluge Integrity Management service on four of the Forties assets…
With just weeks to go before SPE Offshore Europe brings the oil industry to Aberdeen, Neil Golding takes a look at activity on the UK Continental Shelf – and what needs to change. The oil price is being blamed largely for the slowdown…