Drilling and engineering contractor KCA Deutag has sold its jackup drilling unit, the Ben Rinnes, to an integrated energy and services company for an undisclosed sum. Built in Clydebank, Scotland, in 1973 and acquired by KCA Deutag in 2005…
Some 28% of UK-based subsea industry firms have seen their sales drop by 50% of more since the start of the oil price collapse, according to a snapship survey by industry body Subsea UK. Yet, almost 80% of those surveyed said they were…
Statoil has made a minor gas/condensate discovery near the Krafla discovery in the Norwegian sector of the North Sea, according to the Norwegian Petroleum Directorate. The discovery was made on the Beerenberg prospect well 30/11-13, on production license 272…
Wood Group Mustang and Grupo Diavaz, a Mexican oil and gas operator and services company, have created a joint venture engineering business to capitalize on Mexico's energy reform. Mustang Diavaz is based in Mexico City and will provide engineering…
Supermajor Shell has donated nearly 9000sq km of its Arctic exploration permits to the Nature Conservancy of Canada to support a national marine conservation area off the coast of Nunavut. Image from Nature Conservancy of Canada…
Norway’s Petroleum Safety Authority (PSA) has issued orders to UK giant BP for its aging facilities on the Ula and Valhall fields in the North Sea. According to the order, BP must systematically review and map all areas and systems in respect of materials handling…
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
The Norwegian Petroleum Directorate (NPD) will continue to acquire geological samples and deep-sea minerals in the Norwegian Sea this summer. The objective is to increase understanding of resources and the geological development of the North Atlantic…
InterMoor has successfully completed the final tensioning and chain cutting operations on the floating production, storage and offloading (FPSO) vessel, Turritella, for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM)…
GE Oil & Gas has completed the qualification of its upgraded 36kV high voltage wet mate connector. MECON WM 36/500 is designed to offer greater reliability and predictability in subsea power system connections, and can be used with equipment such as transformers…
Oilfield service firm AGR has agreed a framework agreement with recently founded Norwegian oil development firm Okea. Okea was founded in Trondheim in 2015 with the aim of finding cost effective development and operation systems for currently…
Saudi Aramco made five new oil and gas field discoveries, including one offshore field, and continued its exploration in the Red Sea in 2015. The Kingdom now has a total 134 discovered oil and gas fields. One of the latest was the Faskar offshore field…
UK-based fractured basement explorer Hurricane Energy has suspended farm-outs talks on its west of Shetland Lancaster project after raising enough financing to do its latest appraisal work itself. The firm raised £52.1 million in May…
Mermaid Maritime’s subsidiaries, Seascape Surveys and PT Seascape Surveys Indonesia have been awarded six different subsea contracts in the Asian region with an estimated US$15 million. The various work scopes include subsea survey, inspection…
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