North Energy completed the acquisition of Explora Petroleum for a cash payment of US$2.5 million this week. Image from North Energy. The transaction was implemented through the…
OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…
North Energy acquired Explora Petroleum for a cash payment of US$2.5 million deal. The transaction is being implemented through the purchase of all the shares in Explora from the company's shareholders, who comprise certain employees and individual shareholders…
Van Oord has completed the installation of the 150th foundation at the Gemini Wind Park in a record time of 3.5 months. On the 1 of July 2015, Van Oord’s newbuild installation vessel Aeolus, together with Swire Blue Oceans Pacific Osprey…
Borkum Riffgrund 1 offshore wind power plant was officially inaugurated offshore Germany. The wind power plant equipped with 78 Siemens wind turbines, each with a capacity of 3.6 megawatts (MW) and a rotor diameter of 120m, will supply around 320…
North Energy’s board is in the process of adopting additional, extensive reductions that may lead to a possible merger. The reduction program will see the company close some of its offices; reduce operating costs, and its workforce that is being blamed on the persistent…
ExxonMobil subsidiary Esso E&P Nigeria started oil production earlier than planned at the Erha North Phase 2 deepwater subsea development project, offshore Nigeria. Esso North subsea structures…
The Gemini wind park in the Dutch sector of the North Sea has broken financing and renewables project size records. Elaine Maslin takes a look. An artists’ illustration of the Gemini wind park offshore Netherlands…
Siemens has celebrated the official christenings of the offshore wind industry’s first, purpose-built service operation vessels (SOV). The christening events took place in cooperation with Esvagt, owner of the two vessels, in Rostock, Germany…
Aberdeen-based wellhead engineering firm Plexus Holdings has won a contract to supply equipment to what could be the highest pressure well drilling on the Norwegian Continental Shelf. The US$3.3 million contract is with Total E&P Norge for POS-GRIP wellhead systems…
Access solutions firm Ampelmann has been contracted by Acta Marine for equipment for its newbuild wind farm support vessel, the Acta Orion. The Acta Orion will be fitted with an Ampelmann motion-compensated gangway. The Ampelmann…
Van Oord awarded FoundOcean the contract to grout the 150 monopile foundations for the 600mW Gemini Offshore Wind Farm. The project will be the first to use MasterFlow 9800, a new material jointly developed by FoundOcean and BASF. Image…
Cobalt International Energy opted to plug and abandon its North Platte No. 2 appraisal well at Garden Banks Block 959 in the deepwater Gulf of Mexico due to a seal failure in the riser connection system, the company announced on 9 April. The well…
Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…
Swedish independent explorer Lundin Petroleum's Gemini well on production license 338 C has been declared a dry hole. Wildcat well 16/1-24 on Gemini was drilled about 10km southwest of the Edvard Grieg field in the central part of the North Sea…
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