The TRIYARDS Holdings built Lewek Constellation ice-class DP3 multi-lay vessel, was named Support Vessel of the Year at the 2016 Offshore Support Journal (OSJ) Awards. Only offshore support vessels (OSVs) deemed to have raised the bar…
Offshore rig count for March 2016 declined 33.4% when compared to March 2015, and 5% compared to February 2016. Image from Baker Hughes Twitter. According to Baker Hughes, there were a total of 241 vessels operating last month…
Houlder delivered the first of two offshore pile upending tools for the Rampion Offshore Wind Farm development, off the UK’s Sussex coast. Image of Houlder's offshore pile upending tools, from Houlder…
Island Offshore has secured contracts with Norske Shell worth US12 million (100 million NOK) for two of its vessels, the Island Valiant and Island Constructor at the Draugen oil field, offshore Norway. The Island Constructor…
UK-based well examination services firm Chris Dykes International has been acquired by Danish well management company WellPerform. Established by Chris Dykes in 2002, following a career with oil majors and the UK's Health and Safety Executive…
Well management and performance improvement firm Exceed has bolstered its decommissioning credentials through a strategic alliance with Weatherford. The collaboration will offer an end-to-end solution for well decommissioning, using an…
It's hard to quantify accurately recovery rates on the UK Continental Shelf (UKCS). Estimates from the Department of Energy and Climate change put it at about 46%. Global estimates point to somewhere between 30-35%. However, the well known dictum…
OMV has successfully completed drilling and testing of the Wisting Central II appraisal well in the Barents Sea, with flow rates hitting just above 5000 boe/d. The Transocean Spitsbergen, from OMV…
Statoil has cut its average project cost per barrel from US$70/bbl to around $40/bbl, but the work has just started and the changes need to be permanent, even if prices increase, CEO Eldar Sætre said this morning. Speaking at the Subsea Valley conference in Oslo…
Oil company cuts could be going too far, leading to another period of high cost inflation as the oil price returns and capacity is found to be lacking, a Norwegian industry analyst has warned. Speaking ahead of the Subsea Valley conference…
FMC Technologies will reduce its Norwegian operations by 700 jobs in coming months, after taking a number of efforts to adjust to the low oil price environment, the company told OE. Image from FMC…
Zennor Petroleum’s subsidiary Zennor Pathway has spudded an appraisal well at its Finlaggan discovery in the Central North Sea. Well 21/5c-7, spudded on 5 April, is being drilled with Transocean Sedco 704 semisubmersible drilling rig…
BP has renewed its contract with Asco for its Norwegian operations. The supply services contract will be delivered across Norway, providing support in Tananger and Farsund, as well as further services in the northerly base of Sandnessjøen…
Kvaerner's executive vice president and CFO, Eiliv Gjesdal, has decided to step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. 'Gjesdal started as CFO in Kvaerner…
Bibby Offshore (BOUK), a subsea services provider to the oil and gas industry, has secured a multimillion dollar contract with a North Sea Operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The agreement…
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