North Atlantic Drilling has been awarded a one-well contract for the semi-submersible West Phoenix for work in the UK, West of Shetland. The contract is in direct continuation with the West Phoenix' existing contract and the total backlog is estimated to be $17 million…
Industry champion David Doig has died at age 57 after suffering a heart attack. Doig was CEO of OPITO, the global oil and gas industry skills, standards and workforce development organization, and was based in Dubai. He died in a hospital in Fife…
Statoil is set to move forward with more than half a billion dollar's worth of investment in the UK and Norwegian North Seas after getting the green light for its Utgard and Byrding projects. The move comes just as the firm is considering…
Statoil is considering a subsea tieback to the Norne floating production unit after making a 20-80 MMboe oil and gas recoverable discovery on the nearby Cape Vulture well in the Norwegian Sea. The tieback project consideration comes as…
Subsea contractor Subsea 7 has made an offer of nearly US$320 million to take over Dutch offshore firm Seaway Heavy Lifting by acquiring the 50% stake in the firm it currently doesn't own. Seaway Heavy Lifting is a specialist offshore…
McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017, according to joint venture partner Oceanteam. Under McDermott’s main credit facility agreement…
The UK’s i3 Energy is planning to list on the stock market after acquiring the UK North Sea Liberator oil discovery, which it hopes to potentially bring to development this year. Liberator is immediately adjacent to the producing Blake field…
UK Export Finance (UKEF) will provide US$400 million in support for a GE Oil & Gas contract the Offshore Cape Three Points (OCTP) project in Ghana. UKEF will provide $400 million of support to the OCTP project, including a loan under its direct lending facility…
Operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location, said Carnarvon Petroleum. The well drilled an estimated 39m hydrocarbon-bearing zone between approximately 5176-5215m with…
Subsea 7 received an early termination notice from Petrobras for the dayrate contract for the Seven Mar pipelay support vessel (PLSV). The rig was working offshore Brazil, and the contract was due to expire in 2018, however, ended effective 16 January 2017…
Petrobras has awarded the Brazilian built pipelay support vessel, Skandi Vitória, a contract of 532 days. The contract will commence in January. The vessel is owned through a joint venture together with Technip. Skandi Vitória is the first pipelay vessel built in Brazil…
Norway’s Petroleum Safety Authority (PSA) has carried out an audit of Statoil's management of the subsea compression project at Gullfaks. Map of Gullfaks, from Statoil. In 2015…
Global Energy Development (GED) has entered into two share purchase agreements to acquire a total of 11 offshore subsea service vessels, and a barge vessel, as it seeks to adopt a new business strategy focusing on the subsea oilfield services sector…
Recently formed Norwegian operator Aker BP has set out an ambition to discover a net 250 MMboe in reserves in 2016–2020. At a capital markets day, the firm said it is planning four operated exploration wells and three partner-operated exploration wells in 2017…
Independent Oil and Gas (IOG) has signed a memorandum of understanding (MOU) to acquire a currently disused pipeline in the southern North Sea and associated onshore reception facilities. The pipeline will provide the proposed export route for IOG's southern North Sea gas assets…
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