Independent NU-Oil raised raise US$2.56 million (£2.05 million) in new shares to help it with its stranded and marginal field strategy with 50% owned MFDevCo (Marginal Field Development Co.). NU-Oil says its next logical stage being the acquisition of a project…
Maersk Drilling has announced a shake-up in its senior managerial ranks. Lars Ostergaard, currently acting as asset manager in Maersk Drilling, has been appointed the new chief commercial officer. By mutual agreement, Ana Zambelli will…
Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…
DOF Subsea has been awarded a three-year inspection, maintenance, and repair (IMR) frame agreement with one of the major oil and gas companies in the In Asia Pacific region. DOF Subsea has recently secured a safety case for Geoholm…
Oil & Gas UK has launched new guidelines, aimed at simplifying subsea developments. Realizing the potential of the North Sea’s “small pool” reserves could be helped by its guidelines, Oil & Gas UK says. The launch follows a call…
Atwood Oceanics has amended its contract with Woodside Energy, substituting the dynamically-positioned, ultra deepwater semisubmersible Atwood Condor for the Atwood Osprey for the Greater Enfield Project campaign, offshore Australia. The contract has been amended effective 2 February 2017…
Wintershall is to develop the Skarfjell field in the Norwegian North Sea via a subsea tieback to the nearby Engie-operated Gjøa platform. The Gjøa platform. Image from Engie/Jan Inge Haga. Skarfjell is in the northeastern North Sea…
The Industry Technology Facilitator (ITF) is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half…
Genesis has been awarded two frame agreement contracts by BP covering work in the conceptual, pre-front end engineering and design (FEED) and FEED stages of the project lifecycle. The firm, which is part of TechnipFMC, said these frame…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
Newly formed subsea firm M² Subsea has opened its new office in Aberdeen and created 30 jobs. The business, which secured private equity investment towards the end of 2016, has moved people and equipment into premises in Arnhall Business Park at Westhill in Aberdeenshire…
Ocean Installer has recently completed the first permanent subsea installation at the Johan Sverdrup field, marking the kick-off of the Johan Sverdrup offshore work - see video below. The offshore campaign took place late January, in line with project plans and schedule…
Members of the International Marine Contractors Association (IMCA) with vessels active in US waters, together with their clients, have expressed serious concern over the hasty proposals by the Customs and Border Protection agency to revoke…
The Subsea UK awards winners have been officially announced, following an awards dinner at the Aberdeen Exhibition and Conference Centre, during Subsea Expo – Europe’s largest subsea focused exhibition and conference. Hydro Group won the Subsea Company of the Year award…
Statoil has made a new 20-50 MMboe gas discovery on the Norwegian North Sea Valemon field, at Valemon West. The well was drilled using the jackup rig West Elara, in 133.5m water depth, 160km north-west of Bergen. It is the seventh exploration…
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