Well intervention focused firm Helix Energy Solutions Group says it is expecting to see an improvement in activity in the second half of the year, after posting a US$10.7 million Q2 loss ($2.6 million loss in Q2 2015). The firm said its well intervention revenues increased 30% in Q2 of 2016…
ExxonMobil has joined a joint industry project (JIP) to develop Viper Subsea’s innovative V-IR system. ExxonMobil has joined the V-IR project, which has been established through the Industry Technology Facilitator (ITF), at a crucial…
Det norske oljeselskap reported nearly a 21% decline in Q2 2016 revenues, when compared to last year, however, the Norwegian exploration and development company continues to move forward with several of its big name projects. Ivar Aasen jacket…
Offshore drilling services provider Ensco has revealed several global contracts in its latest fleet status report, along with its decision to sell several of its rigs for scrap value. Image from Ensco…
Visuray performed the first downhole X-ray diagnostic operation offshore Norway for Statoil on 27 June. The objective was to image and unambiguously diagnose the status of a downhole safety valve so the operator could plan future workover operations…
Rig inspection consultancy Aberdeen Drilling Consultants (ADC) has been awarded a contract by BP to provide engineering services support to more than 14 countries worldwide. ADC will deliver rig site assessments at all stages of operations…
Aberdeen firm EC-OG (East Coast Oil and Gas Engineering) has secured more than £1 million of external investment from Castle View Ventures and the Scottish Investment Bank, the investment arm of Scottish Enterprise. The investment follows the announcement of a £1…
ENGIE E&P Norge has spudded the Cara exploration well in PL 636 Cara in the Norwegian northern North Sea. The well is 35km offshore and approximately 6km from the Gjøa field in about 350m water depth. The well, being drilled using the Transocean Arctic semisubmersible drilling rig…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea will be striking for the first time in a generation in a dispute over 30% pay cuts and changes to allowances, the Unite and RMT unions announced on 18 July…
With global offshore wind expenditure expected to reach about US$288 billion (£210 billion) over the next 10 years, Subsea UK is encouraging companies to expand into the renewables sector to sustain long-term growth. The industry body…
EnQuest and Delek Group have signed a non-binding memorandum of understanding (MoU) to farm out 20% interest in the Kraken heavy oil development in the UK North Sea. The area is located in Blocks 9/2b and 9/2c in License P1575, approximately 350km northeast of the city of Aberdeen…
Sembcorp Marine delivered the world’s largest jackup rig, the Noble Lloyd Noble, to Noble Corp. after uncertainties in the delivery date due to damage the rig endured in February. Illustration of the Noble Lloyd Noble…
DONG E&P Norge is divesting its shares of five Norwegian oil and gas fields to Faroe Petroleum in a US$70.2 million deal, as Faroe moves to raise $81 million (£60.8 million) to fund the acquisition, as well as accelerate its Brasse discovery towards development…
The US$12 million (€11 million) FORESEA project is bringing together European ocean energy test facilities to help demonstration of tidal, wave and offshore wind energy technologies in real-sea conditions. The project is funded by the Interreg NWE (North-West Europe) program…
The Norwegian Petroleum Directorate (NPD) has carried out four successful ROV (remotely operated underwater vehicle) dives and has acquired depth data (bathymetry) near the Vøring Spur in the western Norwegian Sea. Figure 1…
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