Diamond Offshore Drilling and Trelleborg's offshore operation have announced a joint development agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. According to Diamond, its patented…
The Norwegian Petroleum Directorate (NPD) has granted its consent to Statoil and its partners in Gullfaks production license 050 to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Illustration of Rutil…
Japan-based Nippon Yusen Kabushiki Kaisha (NYK) entered into a deal to aquire 25% interest EMAS Chiyoda Subsea Ltd. (ECS). The agreement between NYK, Ezra Holdings and Chiyoda Corp. will see the shareholding structure of ECS change to Ezra 40%…
Italy's Saipem is to lead the industrialization and commercialization of Springs ('Subsea PRocess and INjection Gear for Seawater'), a subsea water treatment technology designed for deep water application, developed in collaboration with oil major Total and water treatment specialist Veolia…
With the referendum rapidly approaching, the question of what Brexit could mean for the UK oil and gas industry has become increasingly intriguing. As a market broadly regulated in London, many argue that an exit vote would lead to no significant changes – at least in the short term…
North Sea exploration firm Independent Oil and Gas (IOG) has agreed to buy Oyster Petroleum off Verus Petroleum (previously Bridge Energy) for up to £3.25 million (US$4.6 million). The move will see IOG take over 320.7 Bcf (53.45 MMboe)…
A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by Norway-based DNV GL has resulted…
The North Sea basin has a two-year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, 'A Sea Change.' While…
Statoil made two oil discoveries in the Bay du Nord area during its 19-month exploration drilling program offshore Newfoundland, which the company is estimating the finds to possibly be in the lower end of the anticipated volume range. Map…
BP and Det norske oljeselskap have combined their Norwegian businesses to create Aker BP – a move that is expected to organically grow production to more than 250,000 boe/d by the early 2020s. Image from BP…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for appraisal well 7220/11-3 AR on its Alta discovery in the Barents Sea. The well will be drilled from the Leiv Eiriksson in production license PL 609…
Trelleborg’s offshore operation has appointed Sebastian Araujo as managing director of its Brazilian manufacturing facility in Macae. Araujo has an extensive background in the oil and gas subsea sector, previously holding general and…
Jobs supported by the UK’s offshore oil and gas industry, currently under the severe strain of continued low oil prices, will have fallen by the end of 2016 by an estimated 120,000 since their peak in 2014. New employment figures based…
Vancouver-based EnerGulf Resources entered into a letter of intent (LOI) with Houston-based Texas South Energy, to participate in six offshore Gulf of Mexico (GoM) prospects owned and operated by GulfSlope Energy. GoM operations…
The first call for Mexico’s Round 2.1, consisting of 15 shallow water blocks, is anticipated to be released before the end of July, the country’s Secretary of Energy confirmed in Monterrey. The…