Transocean was awarded approximately US$35 million for two different contract extensions that are about 11,000mi from each other. The Transocean Barents. From Transocean. US…
Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning. While the now expected prolonged low oil prices could put pressure on future projects…
The Energy Industries Council (EIC), the leading trade association for UK companies that supply goods and services to the energy industries worldwide, will be the focal point of attention at Offshore Europe this September as the largest single exhibitor at the show…
North Sea independent EnQuest expects to reach first oil on its Alma/Galia development within a few weeks, the firm announced this morning. The development, a subsea project tied back to the EnQuest Producer floating production, storage and offloading (FPSO) vessel…
The Danish North Sea high-pressure, high-temperature Hejre oil field project continues to be challenged by delays from its supplier consortium, according to operator DONG Energy. Henrik Poulsen, the firm's CEO and President, said DONG continues to press for first oil in 2017…
Image: Paul Betteridge, TCO director/TCO TCO has confirmed a continuation of strong sales results, leading to the expansion of its Aberdeen workforce by a third. Within the past six months…
It’s now less three weeks to SPE Offshore Europe 2015. As preparations for the event heat up, we take a look at some of the key talks scheduled for the show. Image from Brian Cox. From Trio Group…
Lundin Norway has exercised a one month option for the provision of the Safe Boreas semisubmersible accommodation vessel at the Edvard Grieg Project in the Norwegian sector of the North Sea. The one month option extends on site operations…
Engineering firm Wood Group has since its revenues slide 20% to US$3 billion as it suffers from the reduction in activity in the oil and gas sector caused by operators tightening their belts amid low oil prices. The firm, which has reduced its headcount 13% since December…
The Society for Underwater Technology (SUT) will host two deepwater technical sessions at Offshore Europe, providing a platform for organizations to demonstrate innovations that are pushing boundaries at new depths. The first session…
Sonardyne, a specialists in subsea navigation and positioning technology, has opened its first permanent office in France to expand its presence in the region. The announcement follows the opening of a second Sonardyne office in Brazil earlier this year…
Helicopter pilots in Aberdeen have agreed to run a ballot for strike action over offshore helicopter operator redundancies in the North Sea. Helicopter operators have been feeling the brunt of the oil market downturn, precipitated by low oil prices…
Today’s oil and gas environment has been impacted by a myriad of issues including restrained capital spending, curtailed investment and employment cuts for struggling companies across the supply chain. Recovery from current market conditions is expected to be slow…
Norway-based semisubmersible accomodation vessel provider Prosafe has signed its first job for the newbuild accommodation vessel Safe Notos under a new contract in the UK sector of the North Sea. The contract, which covers eight months…
Norwegian offshore player Egersund Group recently set a new oil spill recovery record when its newly developed Marine Oil Spill (MOS) Sweeper system managed to recover 96.4% of oil released in a North Sea exercise. Image…