Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
The global offshore rig count for May 2016 has fallen 20%, when compared to May 2015, with Latin America seeing the biggest drop by 57%. Image from Saudi Aramco. According to Houston-based Baker Hughes…
Global Maritime Consultancy & Engineering has appointed Mikal Grure Eie as regional manager for Norway. Eie‘s brief will be to develop closer customer relationships and drive new business development opportunities throughout Norway. Eie has spent over 10 years in the offshore sector…
French group ENGIE's Norwegian business has hailed an increase in gas production on its Gjøa field by 17.5% and an increase in the ultimatly recoverable reserves by 60 MMboe. 'Gjøa was originally designed to export 17 MMscm/d. That we are currently producing 20 MMscm/d…
Independent Oil and Gas is finally set to drill its delayed appraisal well on the Skipper discovery in the Northern North Sea next month using Transocean's Sedco 704 semisubmersible drilling rig. The vertical well will be drilled to…
The design and technical features of Finland's newest icebreaker Polaris (IB Polaris) were presented in Helsinki as part of the CIMAC World Congress. IB Polaris is an environmentally friendly diesel-electric icebreaker. It will be powered…
Atlantic Petroleum entered into a US$1.1 million (DKK 7 million) sale and purchase agreement with Bridge Petroleum for its 25% interest in the Orlando development, offshore the UK. The deal also includes a deferred consideration in the…
The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore on Monday. The platform deck will be lifted in place on the field in July. The platform deck is being shipped the…
Norwegian ship designer Havyard has won a contract for the design of a new multipurpose vessel to work for Hess under contract with Esvagt. Havyard will also deliver ship equipment system packages with a total value of more than NOK 100 million…
Aker Solutions is to supply its longest-ever umbilicals system to the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement, with Petrobel, Egypt, is worth more than NOK 1 billion (US$120 million) and covers…
Fourteen new licensing options have been granted to 11 companies in Ireland’s second phase of the 2015 Atlantic Margin Licensing Round, which has received the largest response in Ireland’s offshore history. Of the 11 companies…
Tullow Oil Norge (TONAS) has received consent from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in Block 16/5 in the North Sea. The well will be drilled in a prospect named Rome, with the designation 16/5-6.…
UK-based marine and nuclear services group James Fisher and Sons has taken over Aberdeen-based R2S. R2S, or Return to Scene, developed visualization and asset management software based on forensic investigation technologies. Image…
Rosenberg WorleyParsons has been contracted to fabricate three bridges and two flare towers for the Johan Sverdrup field development. The contract, worth about NOK600 million, was awarded by Statoil. The fabrication and assembly will mainly be carried out in Stavanger…
Statoil has agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK license for the Utgard field, which straddles the Norwegian and UK median line. The move will see Statoil increase its holding in the license to 100%…
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