UK well services contractors have predicted they will suffer a 23% drop in revenues in 2015 as they to feel the full effects of the downturn in oil prices. The drop in 2015 revenues would follow a mere 1% increase in revenues in 2014…
UK-based ASCO Group is to provide supply base services for Austrian operator OMV's operations in the Norwegian Sea and Barents Sea. The contract, ASCO's first with OMV, will last three years from 1 January 2016 with two, one-year option periods…
Petrofac has been selected as duty holder for newly appointed southern North Sea Sean field operator Oranje-Nassau Energie (ONE), as of 1 June. Dutch operator ONE made its first step into UK waters when it bought a 50% stake in and took…
Lundin's Morkel exploration well in the Norwegian sector of the North Sea has made a small but uncommercial discovery. The well, 33/2-2 S in production licence 579, was drilled about 40km northwest of the Snorre field, 180km west of Florø…
North Sea-focused Independent Oil and Gas (IOG) signed a sale and purchase agreement to acquire the 50% of license P1609 containing the Skipper discovery from Alpha Petroleum Resources (Alpha). This transaction will result in IOG’s independently verified 2C resources increasing by 13…
BOURBON completed laying 30 tons of submarine cable as part of the Sabella D10 project off the island of Ushant, part of Brittany, France. The cable will link the Sabella D10 tidal turbine to the Ushant power grid. Utilizing a Falcon series ROV and the support vessel Argonaute…
Accurate allocation measurement results are a key financial and commercial driver for exploration and production companies. Yet despite limited evidence of the performance of Coriolis and ultrasonic flow meter technology, they are being…
UK engineering Costain has been selected to work in a project to identify UK offshore CO2 storage sites as part of a project commissioned by the Energy Technologies Institute (ETI). The 12-month project started in May and is funded by the Department of Energy & Climate Change (DECC)…
The Underwater Technology Foundation (UTF) has picked Tracerco as the winner of its first UTF Subsea Project Award. The firm, which has developed the Discovery under water CT scanner, which recently performed its first commercial trials in deepwater Gulf of Mexico…
In this video, Shell shows the operation of the Noble Globetrotter II as it passed through the Bosphorus Bridge. The vessel is equipped with a multipurpose tower (MPT) specially designed to easily enter the Bosphorus. Its removable…
EnerQuip, a new oil and gas services business being launched in Aberdeen, to provide torque machines and associated services to the drilling and downhole tools sectors. The business, which is to make an initial investment commitment of US$9 million (£6 million)…
The X-STERN solution from Ulstein was awarded the Next Generation Ship Award at the Nor-Shipping opening conference on 2 June. X-STERN. From Ulstein. With its focus on innovation…
CT Offshore will deploy its new trencher remotely operated vehicle (ROV), the CTO 107-1100, in June at DONG Energy’s Gode Wind 1 + 2 Offshore Wind Farms in the North Sea off Germany. The CTO 107-1100…
Wireless video ensures a team approach to safety and saves money. Marieke Wijtkamp and Gregory Hale discuss the details. When a manhole cover fell multiple floors, narrowly missing two rig workers, an immediate health, safety, and environment (HSE) investigation ensued…
Dutch oil and gas producer Oranje-Nassau Energie (ONE) has made its first step into the UK sector by taking over operatorship of the southern North Sea Sean field. The firm says its acquisition of 50% interest in and operatorship of the…
Subscribe
