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…
Siemens Wind Power has contracted offshore marine and engineering consultancy Aqualis Offshore to provide a series of assessments for wind turbine service operations to be performed by a jackup vessel chartered by Siemens. The jackup…
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…
Additive manufacturing and unmanned robotics have topped a list of key new technologies for the oil and gas industry. The two were identified as part of a survey of exhibitors at Offshore Technology Conference (OTC) in Houston by risk consultancy services group Lloyd’s Register…
UK tidal energy developer Sustainable Marine Energy (SME) has arranged a £4.5 million funding package to commence the deployment of an array of its PLAT-O tidal energy systems at the European Marine Energy Centre (EMEC) in Orkney. SME…
Weatherford's CEO is not kidding when he describes the 'brutality of length of this down cycle.' His firm has felt it as much as any. 'We have now gone beyond leveraging cost, efficiency and performance,' the CEO says in his Q1 report. The pace and level of the cuts has been hard to track…
McDermott International has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition to this…
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…
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