Norvestor VII L.P. and Norvestor VII OS L.P., funds managed by Norvestor Equity, has signed an agreement to invest in Aberdeen-based READ Cased Hole, an independent provider of production logging and well integrity evaluation services. “In READ Cased Hole…
CS Wind will build a new offshore tower manufacturing facility in Campbeltown, Scotland as a result of a multi-million-dollar investment from DONG Energy. This investment will give DONG Energy preferred access rights to towers for its offshore wind farms…
Royal Dutch Shell’s Chief Financial Officer (CFO) Simon Henry will conclude his service as of the company after more than seven years in the role, and will be succeeded by Jessica Uhl. Henry will remain on the board as CFO until 9 March 2017 and sign the 2016 annual report…
AGR Software and Norway-based Netscenario have joined forces to bring digital and automation expertise to companies across the oil and gas industry. Image from AGR. The partnership…
Italy's Saipem is to use its Saipem 7000 heavy lift vessel to remove BP's Miller platform topsides and jacket in the UK North Sea. The Miller field, which is 270km north east of Aberdeen, in Blocks 16/7b and 16/8b, in the Central North Sea…
WGP Group has entered into a contract to provide long term seismic acquisition services to ConocoPhillips Skandinavia. WGP will acquire seismic data sets on the Ekofisk field in the Norwegian sector of the North Sea. The seismic acquisition contract has an initial five year term…
Tidal energy developer Atlantis Resources is to go ahead with the second phase of its MeyGen tidal energy project in the Pentland Firth off Scotland, the firm announced this morning. The project, called Project Stroma, or MeyGen Phase 1B…
Centrica has awarded a string of contracts to FMC Technologies, Subsea 7 and Aker BP / Maersk Drilling, for its Oda field development in the Norwegian sector of the North Sea. The Oda oil field (previously called Butch) was discovered in 2011…
ENGIE E&P UK (formerly GDF Suez E&P) has started production from the giant Cygnus southern North Sea gas development. The field, in license areas P1055 & P1731, 150km off Lincolnshire, is expected to contribute 5% of UK gas production…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
Gazprom and OMV signed an agreement that will see Gazprom acquire stake in OMV Norway. According to the agreement, Gazprom will receive a 38.5% stake in OMV (Norge), a company focused on geological exploration and production in Norway…
China Oilfiled Services Ltd. (COSL) has filed a civil action lawsuit against Norwegian giant Statoil for terminating the drilling contract for the COSL Innovator in March. The rig has been under investigations by both the Petroleum Safety Authority of Norway (PSA)…
Industry body Subsea UK has revealed the finalists for its annual awards event, to be held early 2017. The awards, which seek to recognize companies and individuals who are leading the way in Britain’s £9 billion subsea sector, will…
As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…
Investment costs for the Culzean project are now forecasted to be around US$4 billion, a reduction of about $500 million on the estimate at project sanction, said Gretchen Watkins, CEO, Maersk Oil at the Maersk Group Capital Markets Day in Copenhagen…