Following the split of Aker Solutions, sub-surface consultancy Aker Geo will now operate under the First Geo brand. In 2015, Aker Solutions ASA split into two separate companies: Aker Solutions ASA and new oil services investment company Akastor ASA…
The Bureau of Safety and Environmental Enforcement (BSEE) responded to an Energy XXI, GOM-operated platform that was damaged by a fire in South Timbalier (ST) Block 27 in the Gulf of Mexico. The unmanned ST 27 IA platform…
Statoil is bringing the Transocean Spitsbergen semisubmersible back to the waters to drill a wildcat well in the Snedrid Nord prospect, after gaining consent from the Petroleum Safety Authority Norway (PSA). Transocean Spitsbergen…
ConocoPhillips has started drilling on the third well in its Barossa area exploration campaign, Barossa-4, in the Bonaparte basin, offshore Australia's Northern Territory. The latest well follows the Barossa-3 appraisal well…
North Sea oil independent EnQuest is expecting its 2015 production to be at least 10% above previous expectations, and announced a 40% cut in capital spending, easing concerns the firm could breach debt covenants. EnQuest said 2014 production was up 17% compared to 2013…
Flow technology specialist SPX has opened a new Aberdeen Service Centre to provide local specialised pump repair services to independent oil companies and service providers in the North Sea oil and gas sector. Located in the ABZ Business Park…
Oil and gas operators will need to cut costs by US$170 billion, or 37%, to maintain net debt at 2014 levels at a Brent oil price of $60/barrel, analysts Wood Mackenzie said this morning (23 January). Wood Mackenzie also says large-scale…
Spectrum awarded Gardline CGG the Rocket 2D Phase 1 multi-client marine broadband seismic survey under a master service agreement signed in October 2014 between the two companies. Image of the M/V Duke…
Russia’s Gazprom announced plans to build a new LNG plant on the Baltic Sea on Thursday (22 January). The project, called Baltic LNG, will be built at Ust-Luga, in the Leningrad region, near the Gulf of Finland. It will be capable of producing 10 MPTA of LNG…
China’s CIMC Raffles completed its first Arctic-operable semisubmersible for client North Sea Rigs at its Yantai yard, the company announced on 19 January. CIMC Raffles designed the semisub together with Global Maritime. The North Dragon…
Precision Polymer Engineering (PPE) announced the official opening of its new manufacturing facility in Brenham, Texas on 12 February 12 2015. The new site, which began production in November 2014, manufactures high performance compression…
BPZ Energy spudded a new well in the Albacora development well, offshore Peru. Map of Block Z-1. From BPZ. Well A-22D was spudded on 10 January due to positive results from Albacora well A-27D…
Tidal energy operations provider Mojo Maritime Norwegian ROV firm IKM Subsea have jointly secured a significant EU Horizon 2020 Grant to support a €1,200,000 research and development project to develop an ROV for use in high energy tidal sites…
UK Prime Minister David Cameron has reinforced the government’s support for the North Sea oil and gas industry at a meeting with industry representatives, hosted jointly with Treasury ministers Danny Alexander and Priti Patel. Chief Secretary…
With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData…
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