UPDATE: According to Reuters, Statoil restarted production at Gullfaks B, as of 2 May, following a helicopter crash that killed 13 people. Read the latest here Statoil has released the names of several offshore workers who died on Friday…
US supermajor Chevron has taken a big fall in Q1 2016, reporting a loss of US$725 million, compared to earnings of $2.6 billion in the same period last year. Image of Jack/St. Malo, from Chevron…
Key activities for the Ivar Aasen project are progressing according to plan and budget with first oil scheduled for Q4 2016, Det Norske said this morning. Topside construction at SMOE's yard in Singapore is now 98% complete, with sail-away from Singapore scheduled for the first week of June…
UK-based independent Premier Oil has completed its deal to by E.ON's UK North Sea assets. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of US$120 million…
Subsea mooring specialist, First Subsea, has achieved American Bureau of Shipping ABS 2009 Approval for its larger R4 steel forgings up to 562mm diameter. According to First Subsea, these are the largest diameter forgings to have received the approval…
In this video, Statoil shows the Aasta Hansteen platform taking shape in the Norwegian Sea. Earlier this month, the third mega block was lifted into place, weighing 5700 tons. The hull will be 200m long and have a diameter of 50m…
Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations in the next few days. Image of the FPSO Prof…
Petrofac has been awarded a duty holder contract from BP to support the late life management of the Miller platform, in the UK central North Sea. The contract is for 'life of asset' but has a four-year ceiling at which point extension options will be reviewed as required…
Paris-headquartered subsea and engineering house Technip has come out of Q1 2016 with a better than expected profit, but its CEO expects front end market activity to remain damp until late-2016, early 2017. Meanwhile, Subsea 7 has seen…
Italian firm F.lli Righini has been awarded a new contract by BP for four umbilical handling and lay packages in the Caspian region. The contract, awarded by BP's Shah Deniz business unit, is for the Shah Deniz Phase 2 project in the Caspian Sea…
German multinational Siemens has received its largest order for its 7MW turbine to date. The company is to supply, install and commission 102, 7MW wind turbines, each with a rotor diameter of 154m, for the East Anglia ONE project, led by ScottishPower Renewables…
Amec Foster Wheeler has appointed Halliburton's senior vice president, Dr. Jonathan (Jon) Lewis, as its new chief executive officer, with effect from 1 June 2016. On the same day Ian McHoul will cease to be interim CEO, and will remain as CFO…
A new report from DNV GL paints a very automated future for many oil and gas processes and sectors. Melissa Sustaita sets out the details. Sames. Image from OE staff. Over the…
Aker Solutions and ABB have agreed to work together on subsea processing solutions, bringing together their strengths in subsea, power and automation technologies. The cooperation will integrate Aker Solutions' subsea capabilities and…
Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…