VNG Norge has discovered oil on the Bue well, in production license (PL) 586, offshore Norway, and increased its resource estimate for the nearby Pil discovery, in the same license. The combined resource of both finds has been estimated at 80-200MMboe by partner Faroe petroleum…
Kongsberg Oil & Gas Technologies, a wholly owned subsidiary of Kongsberg Gruppen, has signed a four-year, multi-million dollar drilling data contract with Vienna-based OMV Group for all of its global drilling activities. The contract…
Ezra Holdings has revealed plans to consolidate its offshore support services division, EMAS Marine, into its associated company, Olso Børs-listed EOC Limited. Once complete, the enlarged EOC Group would be one of the largest offshore support operators in Asia Pacific by asset value…
COSCO (Guang Dong) Shipyard Co. is going to build a further two platform supply vessels of the ULSTEIN PX121 design for Vroon Offshore Services, the Netherlands. Ulstein has entered into an agreement with COSCO on delivering ship design…
Engineering and project management group AMEC has been awarded the front end engineering and design contract for a tension leg platform for Premier Oil's Falklands Sea Lion development. AMEC will be responsible for the design of the 30…
Van Oord’s new DP2 cable-laying vessel Nexus was successfully launched at Damen Shipyards in Galati, Romania on 30 June 2014. The 123m multipurpose vessel will be deployed installing electrical cables for offshore wind farms. With a beam of almost 28m and a dynamic positioning system…
First Integrated Solutions, an Aberdeen-based oil and gas service company, has seen significant transformations over the past six months due to the firms increasing investment activity. In February, First Integrated Solutions was created…
An energy industry consortium set up to tackle the key challenge of enhancing oil recovery from reservoirs has started its mission by holding a kick off meeting to execute its plan of action. The €3.9 million project named OPTION – Optimizing…
Premier Oil is ramping up towards offshore installation work on its Solan field development in Block 205/26a, in 135m water depth, west of Shetland, in the UK North Sea. Construction and onshore commissioning of the four-legged Solan…
BATS Wireless (BATS) and specialist distributor Purdicom have announced a new offshore communications network project, with one of Purdicom's service provider partners, for a multinational oil company. The project calls for BATS to provide its state-of-the-art DVM-50 systems…
Weakening spending by E&P majors, particularly on seismic is being felt in the geoscience sector, with Dutch geoscience and geotechnical services firm Fugro revealing a potential Eur300-350 million non-cash impairment in its geoscience division today…
Aibel announced it has secured a contract from Statoil for FEED and Engineering & Management Assistance (EMA) of substructures for the Hywind Scotland Pilot Park offshore wind farm. The contract has an estimated value of approximately NOK$40 million…
An independent commission has determined that radical fiscal and regulatory change is an absolute necessity to ensure that the remaining hydrocarbons on the UK Continental Shelf (UKCS) are fully exploited, in order to deliver the maximum economic contribution to the nation…
The Spanish Point appraisal well in Frontier Exploration Licenses 2/04, 4/08 and 1/14 in offshore Ireland's northern Porcupine Basin will not now be drilled in 2014, according to Dublin-based Providence Resources. However, a 3D seismic survey in the area is due to go ahead this summer…
Ulstein provides this video on the development of Island Offshore's latest vessel the Island Performer. The newbuild is a flexible, riserless light weight intervention (RLWI), and inspection, maintanence and repair (IMR) vessel built by the Ulstein Verft shipyard…
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