Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
More than half (56%) of global oil and gas executives are ready to do deals in the next 12 months according to accountants and business advisors EY’s 12th biannual Oil & Gas Global Capital Confidence Barometer. The global survey of 112…
The front end engineering and design (FEED) stage of the Sole gas field and Orbost gas plant development is underway following Cooper Energy’s 50% acquisition in the project. The ASX-listed upstream firm has accessed the Sole gas field in the Gippsland basin…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
Facilities service provider Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production, storage and offloading (FPSO), the Armada Kraken. The vessel, a converted Suezmax ice-class tanker…
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
Pipeline repair company IRM Systems opened a new base of operations in Houston, Texas. Rutger Schouten, general manager of IRM Systems said: “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection…
The mobile offshore drilling unit (MODU) market continues to weaken in 2015, reports Odfjell Drilling during its 1Q 2015 investor presentation. The North Sea rig supplier expects the weak MODU market to continue during the next couple of years…
The Energy Technologies Institute (ETI) selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to deliver a project that will identify the next phase of sites deep under the seabed in UK waters to store CO2 emissions…
OMV's Maari MR7A development well is now online offshore New Zealand, according to joint venture partner Cue Energy. Map of PMP 38160. From Cue. The Maari MR7A well is located in PMP 38160 in the Taranaki basin…
Full details of the conference sessions and speakers lined up for SPE Offshore Europe 2015 are now available on the event’s website. Image from Offshore Europe Facebook. The choice of this year’s theme…
Danish intervention specialist Welltec has entered into a technology collaboration framework agreement with Shell Global Solutions International, an affiliate of Shell, to improve existing or develop new technologies for global application in the energy industry…
UK trade union GMB has agreed to hold a strike ballot after talks over a dispute over changes to terms for UK offshore workers stalled. The GMB is taking action of what it describes as unilateral changes to working conditions for workers…
DONG Energy reached a new milestone having installed 3000MW of offshore wind capacity - around half of it in the UK. The total output - achieved today with the installation of turbine number 76 at the Borkum Riffgrund 1 Offshore Wind…
The Energy Technologies Institute (ETI) has selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to deliver a project to identify offshore CO2 storage sites. Specifically, it is looking to progress sites deep under…
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