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…
CHC Helicopters has marked the inaugural flight of its new Airbus H175 super-medium aircraft to the Ocean Patriot semisubmersible drilling rig in the North Sea. The aircraft, which can carry up to 16 passengers, will be the first of three in the CHC fleet and is working for operator Shell…
Falklands-focused explorer Rockhopper Exploration says a funding package for the Sea Lion development is progressing, with the UK's export credit agency and contractors potentially set to step in with cash. Rockhopper says the Premier…
Eni has inked the Saipem 12000 drillship for drilling the RD-1 well in the Rabat Deep Offshore license, offshore Morocco. Partner Chariot Oil & Gas says the RD-1 well will target the JP-1 prospect using the with drilling due to start in the latter part of Q1 2018…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
BP has begun evacuating personnel from the Gulf of Mexico, as Category 5 Hurricane Irma churns in the Atlantic Ocean, making its way towards Florida. The projected path for Hurricane Irma. Image from the US National Weather Service…
The Shah Deniz consortium launched Khankendi, a new state-of-the-art subsea construction vessel, for the giant Shah Deniz 2 project in the Caspian Sea. Khankendi. Image from BP Twitter. The…
The Norwegian Ministry of Petroleum and Energy received a record response for the Awards in Predefined Areas (APA) 2017 round, with a total of 39 companies submitting applications for new acreage on the Norwegian Continental Shelf (NCS). Map…
The Energy Industries Council (EIC) has launched its newest business development tool, EICAssetMap, at Offshore Europe 2017. According to the EIC, EICAssetMap is the only O&M database to map all major UK energy assets across all sectors…
Jan De Nul Group has completed the installation and burial of the export cables for DONG Energy’s Race Bank Wind Farm in the UK. Image from DONG. Jan De Nul successfully installed…
ADES International Holding, the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, announces the appointment of Ahmed El-Khatib as chief financial officer (CFO) with immediate effect…
Wood Group secured a new, five-year contract with Inpex Operations Australia (Inpex Australia) to provide subsea engineering services for the integrity of the Ichthys LNG Project, offshore Western Australia. Image from Inpex…
CNOOC has signed a production sharing contract (PSC) with South Korea's SK Innovation for Block 17/08 in the South China Sea. Block 17/08 is in the Pearl River Mouth basin, covering a total area of 466sq km with a water depth of 100-130m…
Subscribe
