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…
Following news that ExxonMobil chairman and CEO Rex Tillerson has been nominated by US President-elect Donald Trump to lead the US State Department, ExxonMobil has announced that Tillerson will step down and Darren Woods will succeed Tillerson in both positions…
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)…
California's governor Jerry Brown has urged US President Barack Obama to permanently withdraw waters off his state from new offshore oil and gas leasing and 'guarantee that future oil and gas drilling' is prohibited. Brown had sucessfully…
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…
Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corp. (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with…
US President-elect Donald Trump has picked ExxonMobil CEO Rex Tillerson to be his nominee for Secretary of State and former Texas Governor Rick Perry to be his Secretary of Energy, it was announced today (13 December). Trump praised Tillerson via Twitter…
A new company, Nucore Group, has been established to create a topside engineering services group of companies. Backed by Lonsdale Capital Partners, Nucore Group currently oversees the management of Oteac and HVAC & Refrigeration Engineering (HVAC&R)…
Lokring Northern (UK), a provider of advanced fluid and gas transfer connectors, has expanded its Aberdeen office. The new premises are double the size of the previous Aberdeen headquarters, with capacity for improved training facilities and office space…