Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it possible to finance megaprojects, which could be beyond the capacity of any single player…
French giant Total will launch 10 upstream projects in the next 18 months, as the company targets a US$3.5 billion costs savings for the year. Image of Total CEO Pouyanné, from Total. In 2017…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 16/1-27. Well 16/1-27 will be drilled from the Island Innovator drilling facility, at position 58°50’18.11” north and 2°11’56.83” east, in a southwesterly…
Polarcus has received a letter of award for a 4D marine seismic acquisition project offshore West Africa. The project is due to start in Q2 2017 and will run for approximately one month.
Polarcus has signed a heads of agreement with Russia's SCF GEO AS (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March 2017, a deal that comes with an option for Sovcomflot to buy the vessel. Image of the Polarcus Nadia…
BHP Billiton's board has approved to spend US$2.2 billion for its share of BP's Mad Dog Phase 2 development costs in the US Gulf of Mexico. Image of Mad Dog, from BP. The project is one of the largest…
A new US$6.29 million (£5 million) fund has been launched to provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure. The Decommissioning Challenge Fund (DCF), launched by the Scottish government…
Statoil's Dudgeon Offshore Wind Farm has starting producing its first electricity to the UK National Grid, off southeast England. Some 67 foundations, plus cables and the offshore substation, on the wind park were installed last year…
Marine energy developer Minesto is planning to expand the commercial roll-out of its Deep Green tidal energy technology in Holyhead Deep, North Wales, increasing its installed tidal energy array capacity to 80MW. The Swedish firm has developed a technology…
Actemium Angola and Actemium Oil & Gas Maintenance have been awarded an offshore multidisciplinary maintenance contract by Total E&P Angola. Under the multi-year agreement, Actemium will continue the offshore maintenance of the Girassol…
Aberdeen’s Sparrows Group signed a deal to supply 103 cranes for installation at ScottishPower Renewables’ 714 megawatt East Anglia ONE offshore wind farm, of the coast of Suffolk. Illustration from Sparrows…
DeepOcean subsidiary, ADUS DeepOcean, completed a 3D laser survey offshore Ghana, which has led to a further three-year contract for DeepOcean Ghana Ltd. The recent climate in the oil and gas industry has sharpened the need for cost effective…
Eni started production five months ahead of schedule at its East Hub Development Project, offshore Angola. Image of the Armada Olombendo, from Eni. The East Hub Development is in Block 15/06 of the Angolan deep offshore…
Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP, globally. The first contract is for feasibility and concept engineering and the second is for FEED services covering the full range of upstream developments…
Independent explorer Tullow Oil is lining up a string of exploration projects this year, including targeting the 500 MMbo Araku prospect offshore Suriname in 2H this year. Other projects include seismic campaigns in Ghana, Jamaica and Uruguay…
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