The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
Independent Oil and Gas (IOG) has extended the licenses for Blocks 48/22b and 48/23a in the Southern North Sea (SNS) containing the Blythe gas discovery (P1736) until 31 December 2017, following discussions with the UK Oil & Gas Authority…
Global Marine Systems secured a contract from Tampnet. The contract is designed to further enhance inter oil-field communication networks in the North Sea. Work will be undertaken in 2018 by one of the company’s key installation vessels…
AzEire has been awarded licensing options over multiple blocks and part-blocks in the North Celtic Sea and Fastnet Basins offshore Ireland. The combined area of these awards totals around 3163sq km and will be held under a petroleum prospecting license for the duration of the licensing option…
Norway’s Petroleum Safety Authority (PSA) has granted Faroe Petroleum Norge consent to takeover operatorship from DONG E&P Norge of the Oselvar and Trym fields in the North Sea. Earlier this week, Faroe completed the acquisition deal…
Manila’s Asian Development Bank (ADB) is investing US$1 billion in the expansion of the BP-led Shah Deniz II project, offshore Azerbaijan in the Caspian Sea. Welding of Shah Deniz II jackets being fabricated at BDJF…
Magseis has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic acquisition survey in the North Sea using the company’s proprietary MASS system. Magseis will mobilize what will be its second, ROV-based crew for the project…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of all HVAC Equipment related to in-line installation for the Culzean gas field in the UK sector. The deliveries include dampers, sound attenuators, cabin units/extract-supply devices…
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by A2SEA to perform engineering consultancy services for its offshore wind farm installation work at the Horns Rev 3 wind farm offshore Denmark. Aqualis…
A new report from NSRI (National Subsea Research Initiative) has identified operations and maintenance (O&M) – particularly inspection, repair and maintenance (IRM) activities – as the highest potential area for subsea companies to diversify into offshore wind…
Greece-based explorer Energean Oil & Gas said it is planning to achieve first gas from the Tanin and Karish fields offshore Israel by 2020. The firm, in which the Petroleum Council of Israel has approved its US$148 million acquisition of 100% of the two fields…
Hellenic Petroleum has been awarded Block 10 offshore western Greece, in the Kyparissiakos Gulf, as part of the 2nd International Round. Hellenic was already awarded two onshore blocks, and offshore Block 2, west of Corfu, in a joint venture with France's Total (operator) and Italy's Edison…
Subsea services firm N-Sea and the University of Strathclyde’s Institute of Sensors Signals and Communications at the Department of Electronic and Electrical Engineering have secured funding from the Data Lab Innovation Centre for a research project to automate subsea pipeline inspection…
The oil and gas industry has ‘cleared the first hurdle’ in its drive for better collaboration but there is still more work to be done, according to a new survey by Oil & Gas UK and Deloitte. The ‘UKCS upstream supply chain collaboration…
The UK's Oil & Gas Authority (OGA) has invited companies to apply for new licenses to drill at 14 blocks in the supplementary round to the 29th oil and gas licensing round. The 14 blocks on offer in the supplementary round are outside of the 29th oil and gas licensing round offer area…
Subscribe
