Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Husky Oil Operations Ltd. pulled the plug on its drilling contract with Seadrill for the West Mira vessel one week after Seadrill canceled the newbuild’s order with Hyundai Heavy Industries (HHI). West Mira illustration…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland. According to partner, Ireland-based Europa Oil & Gas, Kosmos has withdrawn from the joint operating agreements…
Claxton has installed a high-pressure drilling riser system as part of a multimillion-dollar contract for the Catcher area field development in the central North Sea. “Claxton was the only company to offer Premier Oil a fully-forged…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
In a comprehensive analysis looking at the impact of cost deflation on the global upstream oil and gas sector, Wood Mackenzie concludes that while operators are seeking an average cost reduction of 20-30% on projects, supply chain savings…
For much of the period since the year 2000 – characterized by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat. Asset lives were extended through improved recovery, enhanced maintenance…
Ireland-based explorer Providence Resources has signed a strategic and incentivised exploration collaboration agreement with Schlumberger in respect of the southern Porcupine and Goban Spur Basins, in which Schlumberger will underpin Providence’s…
The largest number of applications in an Irish offshore licensing round have been submitted in the 2015 Atlantic Margin Licensing Round. Some 43 applications for licensing options, from majors and independents, were submitted by the Friday 16 September deadline…
Richard McLaughlin has been appointed by the National Academy of Sciences to serve on its newly created Committee on Environmental Sciences and Assessment for Ocean Energy Management. This committee will provide independent oversight and…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
A joint venture between Harkand and Consolidated Shipping Agencies (Conship) Ltd. has resulted in its first contract win in Ghana, West Africa. The award will see the delivery of onshore and offshore support to Technip in the region. Having formed a strategic alliance with Conship…
UK-based Ceona and several of its companies have filed for administration. Preston. Image from Ceona. In all, Ceona Ship Holdings, Ceona Ship 1, Ceona Equipment, Ceona Services (UK)…
ABB ordered a new cable-laying vessel to be custom-built to ABB specifications and measure approximately 140m by 30m, and be constructed at Kleven shipyard in Norway. Delivery is expected in 2017. Image…
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