Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53…
TGS has started a 2D seismic reprocessing project on the Barents Sea Southeast in preparation for the Norwegian 23rd licensing round. The underlying data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum Directorate (NPD) and covers more than 18…
Aker Solutions is to split into two separate companies to speed up a bid to reduce costs via streamlining and 'better position' the business in an increasingly competitive global energy industry. The subsea, umbilicals, engineering and maintenance…
Gloucester-based Advanced Insulation Systems (AIS) has acquired Manuplas, a specialist in providing customer polymer solutions to the marine, offshore, renewable energy and leisure markets. AIS manufactures specialist materials used to insulate sub-sea infrastructure and fire proof oil rigs…
Dealing with the by-products of oil and gas drilling in an environmentally friendly manner is an issue the energy industry has grappled with for years. It is one that has captured the imagination of one Robert Gordon University (RGU)…
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has signed an engineering services agreement with Workfox, a subsidiary of Seafox Group, to do an engineering study for a purpose-built…
Nederlandse Aardolie Maatschappij (NAM) – the joint venture between Shell and ExxonMobil – has renewed and extended its Health, Safety and Environmental (HSE) contract with Royal HaskoningDHV. The three-year contract covers risk above…
Hurricane Energy plc announced that the Lancaster horizontal appraisal well was spudded on 26 April 2014. The firm is using the Transocean Sedco 712 semi-submersible drilling rig for the operation which is intended to drill and test the Lancaster basement oil discovery…
RWE Innogy UK announced that it has successfully completed the installation of all 160 foundations at the world’s second largest wind farm, Gwynt y Môr, off of North Wales. Gwynt y Môr is a greater than US$3.36 billion offshore wind farm on schedule to become fully constructed this year…
BG Group's CEO Chris Finlayson has resigned, with immediate effect, the UK-based exploration firm announced today, raising calls for the firm to be broken up and suggestions it would now be a takeover target. In a statement, BG said the resignation…
The Danish Energy Agency (DEA) has launched the country's 7th North Sea Licensing Round, covering the Central Graben, where the majority of Danish fields have so far been discovered, and areas further to the east, where oil discoveries were made in the 6th Licensing Round…
TGS has started new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3100sq km 3D multi-client survey…
NGI from Oslo, Norway, and Plaxis, from Delft, the Netherlands, have established a new joint venture, XG Geotools. XG Geotools will produce and market cloud-based software tools tailored for design tasks in offshore geotechnical engineering…
Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…
Siemens is investing more than US$262 million in new offshore production facilities in Great Britain. Production of rotor blades for offshore wind turbines of the 6Mw class is planned, with a new logistics and service center slated for Hull…
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