Empyrean Energy has encountered a new prospect, Pearl, offshore China, following recently acquired 3D seismic in the area. Map from Empyrean. The company finalized the preliminary…
Aibel lifted the final three modules into place for the Johan Sverdrup drilling platform earlier this week. The platform arrived in Haugesund on 5 September, where the facility will remain for hook-up and preparation work, until it is handed over to Statoil in mid-2018…
Statoil has signed agreements with two companies that will see the Norwegian giant farm into licenses offshore South Africa, and gaining operatorship in one. Map from Statoil. Statoil…
LLOG Exploration Co. is moving forward to develop its Buckskin project in the deepwater Gulf of Mexico, signing a deal with Seadrill for the West Neptune to begin work later this year. West Neptune…
Heerema Marine Contractor’s iconic semisubmersible crane vessel Hermod is set to retire after a 40-year operational service history. Hermod's first job in 1979, installing the Piper A platform topsides in the UK North Sea…
The one biggest challenge facing the industry – apart from trying to make it profitable – is attracting new young talent, says the former CEO of North Sea independent Premier Oil. Nigel Wilson, who left Premier Oil in 2015, and is now…
Job losses in the industry have slowed to about 13,000 in 2017, compared to almost 60,000 in 2016, according to a new report by Oil & Gas UK. The Economic Report 2017, which was released at an SPE Offshore Europe business breakfast on Wednesday…
In just seven months since launching, The Oil & Gas Technology Centre (OGTC) has inked £12 million in investment in 21 projects, gained 40 members and is now set to open its Innovation hub, aimed at new breakthrough solutions, the centre revealed during SPE Offshore Europe on Tuesday…
Embracing the fourth industrial revolution through digital technologies will help the oil and gas industry reduce operating costs, but could be money misspent on “shiny new toys” if not combined with other changes, delegates at Tuesday’s SPE Offshore Europe business breakfast were told…
Aker Solutions secured a front-end engineering and design contract from Nexen Petroleum UK for a second phase development of the UK’s highest producing oil field. The study on the Buzzard field development includes the design of the subsea manifolds and pipelines…
Upstream has fallen behind its “poor cousin” downstream in terms of performance, according to Simon Flowers, Chairman, Energy and Chief Analyst, Wood Mackenzie. “Over the last six years (2010-2016), upstream has had shocking performance…
The fact that the design of offshore oil and gas platforms has remained largely unchanged for the past 40 years indicates the oil and gas industry’s slow progress in adopting not only new technology, but new design and business models. Industry…
While oil and gas markets remain uncertain and quite volatile, the UK Continental Shelf (UKCS) has managed to reverse a 14-year production decline. However, if new projects are not approved past 2018, all the hard work could be undone, warned Adam Davey…
One of the most anticipated exploration wells in Europe this year was the multi-billion barrel potential Arctic Korpfjell prospect in the Barents Sea. While the probe, completed late September, didn't prove commercial volumes, the region…
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