Greek exploration and production firm Energean Oil & Gas has secured a US$75 million loan from the European Bank for Reconstruction and Development (EBRD) to support the company’s ongoing $200 million investment plan in the Prinos and Epsilon oil fields offshore northern Greece…
Wintershall Norge has drilled one dry well and another with poor reservoir quality in the North Sea near the Vega field. Well 35/8-6 S on the Vikafjell North prospect was dry and sidetrack well 35/8-6 A on the Robbins prospect was of poor reservoir quality…
Statoil has decided to cancel the contract with Seadrill for the West Hercules semisubmersible drilling rig. The rig has been on contract with Statoil since 31 January 2013, performing an exploration campaign offshore Newfoundland in Canada for the past 18 months…
Brazil's interim president, Michel Temer, has named a new CEO for the country's national oil company Petrobras. Petrobras announced today that it was informed Thursday, 19 May, of the decision to appoint Pedro Parente, an engineer, to Petrobras' board and to the position of CEO…
Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea. The contract, worth in the region of US$100 million…
Norway's Aibel and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations…
Woodside is considering development options on its two discoveries offshore Myanmar, as well as a 4-7 well drilling campaign next year, the firm said this morning. The plans, potentially involving tie-backs or even a standalone development…
Singapore’s Keppel Offshore & Marine has entered into an agreement with Russian oil major, Rosneft, and Norwegian drilling equipment firm, MHWirth, to set up a Singapore incorporated joint venture company (JVCO). The shareholding of Keppel O&M…
Wood Group is collaborating with the Centre for Applied Data Analytics (CeADAR), located at University College Dublin (UCD), to launch a new data analytics capability. Wood Group Kenny (WGK) will work with CeADAR to develop predictive…
Proserv leased First Subsea’s Ballgrab gripping technology for a decommissioning project in Norwegian waters for the recovery of a caisson. The tool had to descend down within a foundation caisson of 30in to 20in to 13-3/8in to access the inner 9-7/8in API 5CT Q125 section…
Three in four North Sea oil and gas contractors are less confident about their prospects than they were a year ago, according to a new industry report released today. Seventy-five per cent of contractors surveyed said they were less…
French engineering house Technip and US-based underwater technologies firm FMC Technologies are to combine, creating a new US$13 billion business, the firms announced this morning. The companies, which firmed a joint venture, Forsys Subsea…
Siem Offshore has become the 100% owner of Secunda Canada, as the Canadian company took delivery of the Avalon Sea anchor handling tug supply (AHTS) vessel last week. As part of a recapitalization of Secunda, Siem acquired Birch Hill’s 50% ownership interest in Secunda Canada…
Statoil is joining a list of investigation teams surrounding the tragic Super Puma helicopter crash that killed 13 people last month by launching its own in-house analysis focused on safety. Image from CHC…
The Norwegian Petroleum Directorate (NPD) has granted both Total E&P Norge and Tullow Oil Norge drilling permits in the North Sea. Map of 30/4-3 S, from NPD. Total’s wildcat Total…
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