The speakers at Wednesday's Oil & Gas UK economic report release highlighted the need for a major transformation to take place within the oil and gas industry. All noted that problems in the UKCS began long before the decline in oil prices…
Norway’s Ministry of Petroleum and Energy Ministry (NPD) received applications from 43 companies for it latest Awards in Predefined Areas (APA) 2015 Norwegian continental shelf licensing round. Image from Chevron…
Aker Solutions appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these markets. He will assume the position on 21 September 2015 and report to CEO, Luis Araujo. Clark, a UK national…
Despite initial hopes of a V-shaped recovery, the UK Continental Shelf is set to see a more gradual recover over time, which will prove to be not only a stress test, but a test of resilience, according to a senior Lloyds Register director…
Today, the UK’s oil and gas industry faces arguably the most challenging period in its turbulent history. According to Oil & Gas UK, capital investment, which reached a record high of £14.4 billion in 2013, is expected to fall by more than half to about £7 billion by 2016…
BP executive Bernard Looney said in his lunchtime speech that there are plenty of reasons to remain optimistic about the UK oil and gas sector, despite recent job losses totaling 5500. “We’re a growth industry,” Looney said. “Not many industries can say that…
Expro has been awarded two contracts together worth US$25 million in the North Sea. In one contract, Wintershall has awarded Expro a five-year contract for work on its recently approved Maria development project, in the Haltenbanken area…
Autronica Fire and Security has announced that Statoil has selected the Autro Safe integrated fire and gas detection system for operations in the Johan Sverdrup oil field in the North Sea. As part of the four-year framework agreement…
ABB installed the world's most powerful offshore converter platform, the DolWin2, in the North Sea by ABB, with a transmission capacity that can power more than 1 million households with clean wind energy. The 320-kilovolt converter station…
SPE Offshore Europe 2017 is set to host a new Decommissioning Zone, the organisers have announced. Working in partnership with Decom North Sea (DNS), the new Zone will provide a platform to share the latest market trend and technologies…
The past year has highlighted a significant change in landscape for the industry, but there is still hope, UK chairman and managing partner of Ernst and Young (EY), Steve Varley told yesterday’s SPE Offshore Europe breakfast session. “Where there is hope…
GE, Statoil agreement GE Oil & Gas has signed a framework agreement with Statoil to provide subsea operations services on the Tordis, Vigdis, Snorre and Troll fields, offshore Norway. GE Oil & Gas will run the services from their Dusavik site…
Apache has exercised the first of two options to extend its existing contract with Archer for the provision of platform drilling services for one year. 'We are very pleased to have been awarded this contract extension. It is excellent…
GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
Oil and gas engineering services firm Plexus Holdings has signed an agreement with Aquaterra Energy to jointly supply high-pressure/high-temperature dual barrier marine risers utilizing Plexus’ POS-GRIP technology. The new risers will be a new solution for use on jackup rigs…
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