DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
The scale and severity of the recent international ransom-ware cyber attack has elevated urgency in the oil and gas industry to detect and defend against potentially debilitating threats and actions. Michie…
Petroleo Brasileiro (Petrobras) sent a termination notice to Teekay Offshore for the Arendal Spirit charter contract last month, in which the company says it is disputing the grounds of the termination and is reviewing its legal options. The…
Statoil has started drilling at the Blåmann well in the Barents Sea, the first of five wells in its exploration program, the Norwegian giant announced today (22 May). Image of the Songa Enabler…
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Digitalization will help improve the safety, security and efficiency of Statoil operations…
C2Wind and Vattenfall have established a long-term partnership through a two years framework agreement covering design inputs for Vattenfall’s offshore wind projects. C2Wind will support the renewable energy developer and operator with…
Norway’s Petroleum Safety Authority (PSA) has approved for Statoil to use the Bideford Dolphin mobile drilling facility for production drilling at Vigdis in the Norwegian North Sea. Statoil is to plug the B-1 AH production well on the Vigdis field…
BP has launched a 'return to growth' for its North Sea business after marking first oil from the Quad 204 project, west of Shetland on the UK Continental Shelf. Quad 204 is redevelopment of the 1 billion barrel plus Schiehallion and Loyal fields…
The Norwegian Petroleum Directorate (NPD) has signed framework agreements with 11 supplier firms representing various technology areas to ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields…
Aker BP has made its first order with Plexus Holdings, specifically, for the supply of surface exploration wellhead equipment for the Hyrokkin and Nordfjellet standard pressure exploration wells, offshore Norway. The initial value of the contract is about £0…
Statoil has exercised its option for an additional well on the Norwegian Continental Shelf with Dolphin Drilling using the semisubmersible drilling unit Bideford Dolphin. The well will be in direct continuation with the upcoming well…
Team Argonauts has won French super-major Total's robot challenge Argos (Autonomous Robot for Gas and Oil Sites). The third and final round of the challenge, held in Lacq, France, saw five teams pitch their robotic creations against a string of tasks on a mock-platform site…
Wild Well Control purchased subsea capping equipment from Shell EP Wells Equipment Services BV. Wild Well’s WellCONTAINED capping stack located in Singapore. Image from Wild Well. The…
The Go Electra, from M2 Subsea. M² Subsea secured its first contract award that will see the firm supply the Go Electra vessel, ROVs and personnel to support survey work on the world’s longest subsea pipeline system…
Westwood Global Energy Group (WGEG) predicts to see stagnation in terms of dollar demand through to early next decade before signs of a recovery emerge. This is due primarily to the marked oversupply of equipment. Most critically, the newbuild offshore rig market (comprising jackups…
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