The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward decommissioning is causing spending to rise significantly…
In this video, BP shows the Glen Lyon floating production and storage offloading (FPSO) from a drone’s point of view in the UK North Sea. The Glen Lyon FPSO is preparing for its start-up, and to process and store oil and gas from the redeveloped Schiehallion and Loyal fields.
Pryme Group has announced the acquisition of Sengs Subsea Engineering Solutions. Established in 2012, by Murray Kerr, SengS is an Aberdeenshire-based engineering company providing subsea engineering design consultancy, equipment testing and assembly…
Atlantic Petroleum issued notices to Iona Energy Co. (UK), which is in administration, to remove Iona as the operator of the Orlando and Kells licenses, offshore the UK. Atlantic has requested special meetings of the joint operating committees of UK Licenses P…
The Petroleum Safety Authority Norway (PSA) has launched an investigation into a fire which broke out in an engine room on the Scarabeo 5 drilling unit on 22 November 2016. A team from the PSA traveled out to the rig, which is working on the Njord field in the Norwegian Sea…
Norway’s Petroleum Safety Authority (PSA) has given Statoil consent to drill well 16/2-22, an appraisal well, on the Johan Sverdrup field. The consent also applies to a possible sidetrack from this well. The Statoil-operated field, located around 140km west of Stavanger in the North Sea…
UK fractured basement player Hurricane Energy has agreed in principal deal for a floating production and storage offloading (FPSO) unit to develop its Lancaster field and is set to drill its nearby Halifax prospect, west of Shetland, UK. Under a heads of terms agreement…
BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
Australia-based explorer Po Valley Energy has been awarded a preliminary Production Concession for the 47 Bcf offshore Teodorico gas field in the northern Adriatic Sea – offshore Italy. The Teodorico gas field, within the AR94PY license area…
FMC Technologies and Technip been cleared by the European Commission to go ahead with a merger. The firms are set to combine, with shareholders due to vote on the move, announced back in May, on 5 December. Clearance decisions have…
Maersk Oil is to drop its heavy oil Bagpuss and Blofeld License, P.1943, in the UK North Sea, according to partner North Sea Energy. The move follows UK independent Premier Oil resigning as operator on the Bagpuss joint venture, effective at the end of this year…
Statoil reported a fire on the Scarabeo 5 drilling rig in the Njord field in the Norwegian Sea. Image of the Scarabeo 5, from Saipem. As of 20:30, Statoil said that there are…
Eni and General Electric (GE) have entered an agreement to develop renewable energy projects and hybrid solutions with a focus on energy efficiency. Through this agreement, Eni and GE intend to jointly identify and develop large-scale power generation projects from renewable energy sources…
Electricity has been generated for the first time at Burbo Bank Extension offshore wind farm, a joint venture between DONG Energy (50%) and its partners PKA (25%) and KIRKBI (25%). With the initial turbines recently installed, power…
In this video from Shell, the supermajor shows its efforts, along with six other major oil and gas companies, to invest US$1 billion to reduce methane emissions and accelerate deployment of carbon capture utilization and storage. The companies…