Norway's Aker BP has agreed to divest a 10% stake in the Valhall and Hod fields to new firm Pandion Energy. The move comes shortly after Aker BP acquired Hess Norge, which gave it 100% ownership in Valhall and Hod, and comes as Aker BP…
Subsea industry firm Subsea 7 has agreed to make an investment in Dutch themoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas (AOG). Subsea 7 joins Shell, Chevron, Saudi Aramco and Evonik as shareholders in AOG. Manufactured out of a composite of fibers and polymers…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the Brazilian operator announced on 30 November. Pioneiro de Libra FPSO…
Dutch group Royal Boskalis Westminster has added two large diving support vessels (DSVs) to its fleet. Through an agreement with the bondholders of the two former Harkand vessels, Boskalis has acquired the DSV Atlantis for about US$60…
Contractor confidence in the UK Continental Shelf (UKCS) has risen with almost half being more confident about their prospects for the first time since 2013, according to an industry survey. The findings of the 27th Oil and Gas survey…
Dutch firm Jan De Nul Group and Belgium's Smulders worked together to build two gravity-based foundations (GBF) for the high voltage station of the Danish offshore wind farm Kriegers Flak. The foundations, weighing 10,000-tonne and 8000-tonne each…
A US$3.36 billion (DKK21 billion) investment into a redevelopment of the Tyra gas field on the Danish Continental Shelf has been approved by the Danish Underground Consortium (DUC), led by Maersk Oil. The move will see the largest oil…
While decommissioning is often seen as a challenge, to the Dutch it is also an opportunity. Elaine Maslin reports. The North Sea Wind Power Hub concept. Images from TenneT. The Dutch don’t…
Gaspar Franco Hernández, of CNH, discusses the abundant opportunity to develop Mexico’s over 200 mature fields (First published in the December 2017 OE, access the full issue here). Map of Mexico’s mature fields. Image from CNH. There are several definitions of mature fields…
EnQuest says its Kraken field is on track to reach 50,000 bo/d gross in the first half of 2018 after achieving month on month production growth since coming on stream June this year. Armada Kraken FPSO Early this month…
Norway-based Siem Offshore has ended talks with Subsea 7 over a possible sale Siem Offshore Contractors (SOC), and will continue to operate SOC, Siem reported today (29 November). The company had entered into discussions with Subsea 7…
Statoil plans to establish next year a new onshore integrated operations center (IOC) that will help increase safety, add value and reduce emissions from its the Norwegian Continental Shelf (NCS) fields. By establishing the IOC, Statoil…
Hess Corp. has completed the sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for US$650 million. Hess’ exit from Equatorial Guinea comes after nearly two decades of operations at the Ceiba field and Okume complex…
UK focused Independent Oil and Gas (IOG) has been given a two-year extension on its Harvey license in the North Sea and says it plans to drill on the license by September 2019. The Oil & Gas Authority has extended the initial term for license P2085 to 20 December 2019…
Nearly 350 fields are expected to be decommissioned between now and 2025 across the UK, Norwegian, Danish and Dutch sectors of the North Sea, with the majority of them in the UK, a report released today predicts. The figures were revealed…
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