ConocoPhillips Skandinavia (COPSAS) has received an audit from Norway’s Petroleum Safety Authority (PSA), from 5-10 August 2016, regarding the company’s work on ensuring compliance with the regulatory requirements for electrical installations at Ekofisk 2/4 K and 2/4 B…
After three weeks of strike, Norwegian workers union Industry Energy says its call for equal pay between operator, drilling, catering and oil service staff on the Norwegian Continental Shelf has been accepted, ending the strike. More…
Norwegian geoscience firm Electromagnetic Geoservices (EMGS) says it is to reduce its 'employee expenses' by about 20%, through temporary and permanent layoffs on shore and offshore and other measures, due to a reduced level of activity. Q2 'employee expenses' were US$5…
Technip and FMC Technologies have been picked by Hurricane Energy to be an exclusive provider of subsea equipment to the firm's fractured basement Lancaster development, west of Shetland. Under a provisional agreement, the firms, under their alliance…
Optime Subsea Services, subsea technology company, will merge with engineering house Telemark Technologies to fast-track its subsea installation solution. Telemark Technologies is a supplier of pressurized vessel systems for testing operations of subsea…
In this video, US supermajor Chevron shows a 360° video tour of its Jack/St. Malo facility, its largest deepwater offshore platform, offshore the US Gulf of Mexico. The Jack and St. Malo fields were co-developed with subsea completions…
Aker Solutions and MAN Diesel & Turbo say they expect to cut the size and weight of subsea compression systems by at least 50%, just a year after the first such system successfully went on stream at Statoil’s Åsgard field. Image: Before and after…
Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
Sevan Marine CEO Carl Lieungh will step down from the company, effective 1 January 2017. The company's board of directors has appointed current CFO, Reese McNeel, as the new CEO. He will carry out both functions in parallel, the firm said in a statement today (10 October)…
Airborne Oil & Gas (AOG) raised US$26 million (€23 million) in a series C investment round from both new and existing shareholders. (SAEV) joins the shareholder base with an investment of $11 million (€10 million). SAEV is the corporate venturing arm of Saudi Arabian Oil Co…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Bilfinger has won orders valued at some US$301 million (€270 million) from several operators. Key framework agreements have been extended with oil and gas group Statoil, the largest operator of production facilities on the Norwegian Continental Shelf…
The Bureau of Ocean Energy Management (BOEM) and Mexico’s Agency for Safety, Energy and Environment (ASEA) signed a letter of intent today to strengthen cooperation, coordination and information sharing on environmental matters related to offshore hydrocarbon activities in the Gulf of Mexico…
Supermajor Shell gives another look at how the company is using 3D printing technology. Shell teams can produce scale prototypes of equipment destined for use in projects in a fraction of the usual time – from a huge buoy destined for the Gulf of Mexico…
Norway's Petroleum Safety Authority (PSA) has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field. Drilling, in 110-120m, using the Deepsea Atlantic semisubmersible drilling rig…