The UK's Oil and Gas Authority (OGA), a newly formed independent regulator, has released a second invitation to tender (ITT) for the 2016-2017 UK Government funded seismic program. This tender is for reprocessing legacy seismic data in…
Entek Energy has agreed a deal with Peregrine Oil & Gas to sell its entire Gulf of Mexico portfolio. The interests comprise Entek’s respective 38% and 25% interests in the GA A133 and PN 975 blocks, and its overriding royalty interest in the VR 341/342 blocks…
Tidal energy developer Atlantis Resources has completed the acquisition of Scottish tidal project assets from ScottishPower Renewables (UK) in exchange for a stake in the company's wider development portfolio. Atlantis subsidiary Tidal Power Scotland has issued new ordinary shares to SPR…
More than 68,000 people from 120 countries attended this 2016 Offshore Technology Conference (OTC) in Houston, according to data from the organizers. The numbers were down 28% on 2015, which saw 94,700 attendees from 130 countries, and down 37% on the 46-year high notched up in 2014…
The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches…
A team led by AJ Jain, Harkand North America managing director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The subsea inspection, repair and maintenance firm went into administration on Wednesday this week…
Nexen Petroleum is to end production from the Ettrick field in the North Sea and remove the floating production facility FPSO Aoka Mizu from the location. Nexen, which is owned by China National Offshore Corporation, terminated a contract with FPSO provider Bluewater in March…
UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
The helicopter company whose aircraft crashed outside Bergen last week, killing 13, has filed for relief under the Chapter 11 bankruptcy code in the US. CHC Group's move follows its delisting from the New York stock exchange earlier this year…
DONG Energy has started consultation on its 2.4GW Hornsea Project Three offshore wind farm in the UK North Sea. If built out to full capacity, Hornsea Project Three would be the world’s largest offshore wind farm, capable of powering over 2 million UK homes…
Australian explorer AWE has agreed to sell its 42.5% interest in the Bulu production sharing contract, offshore east Java, to a 100% owned subsidiary of HyOil for up to A$27.5 million (US$20.6 million), subject to Indonesian government approval and future development…
Swedish wave energy firm Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for its tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017…
Norwegian yard Westcon has been picked by Statoil to maintain parts of the major's subsea equipment at all base locations in Norway under a new framework agreement. The scope of the agreement is maintenance and overhaul of defined parts of the subsea equipment Statoil has at its bases…
Wood Group has been awarded a three-year contract, extending its support of Shell’s eight UK Continental Shelf offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet…
'The race to deliver full scale commercial [tidal energy] projects is gaining momentum globally and the prize for the winner will be significant,' the CEO of the world's first stock-market listed tidal energy firm told the All Energy conference and exhibition in Glasgow this morning…
Subscribe
