Cutting tools specialist Allspeeds has invested over US$316,000 (£200,000) in new product development facilities at the company’s headquarters in Accrington, Lancashire to increase the competitiveness and applications for the company’s Webtool cutting tools in the subsea…
ITC Global completed installation and commissioning of communications systems for 35 rigs in the Shelf Drilling, Ltd.’s fleet. Shelf Drilling is the world’s second largest contractor of independent-leg cantilever jackup rigs. Headquartered in Dubai…
Wood Group Kenny (WGK) will support the Kebabangan Petroleum Operating Co. (KPOC) in pipeline engineering and flow assurance engineering studies for the Kamansu East (KME) field offshore Sabah, Malaysia. The scope of work will include…
Oil and gas firms must learn lessons from other UK industries and fundamentally change the way they operate if they are to successfully compete for international investment and maximize recovery across the UK continental shelf (UKCS) over the next 25 years…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be US$108 billion (NOK 870 billion) during the next 40 years…
Upstream oil and gas deals activity, including capital markets and mergers and acquisitions, totaled US$23.5 billion from 114 transactions in May 2015, an almost $75 billion drop in value from the $98.4 billion achieved across 111 deals in April 2015…
Weatherford International has released their IntegraLine liner system with swage technology at the International Association of Drilling Contractors (IADC) World Drilling 2015 Conference and Exhibition. Weatherford’s IntegraLine liner…
Dolphin Geophysical has announced that the 3D seismic vessel, Polar Empress, is in full production towing 14 streamers on the Maud Extension multi-client survey in the Barents Sea. The Polar Empress has a capacity to operate up to 22 seismic streamers…
Oil & Gas UK’s chief executive, Deirdre Michie, warned today (17 June) that the UK offshore oil and gas industry must become sustainable ‘in a world of US$60 oil’. The rallying call was made before an audience of over 500 people in Aberdeen…
Zamakona Yards’ Repnaval shipyard has increased its capacity by operating an additional slipway. Repnaval Shipyard. From Repnaval. Repnaval is located in Las Palmas de Gran Canaria…
Baoham Offshore (HK) Ltd. will acquire new vessels for its fleet, including a newbuild semisubmersible and liftboat, reports the American Bureau of Shipping. Baoham selected ABS to provide classification services for the newbuilds in China…
Statoil has handed out the largest contracts for the UK North Sea’s Mariner field that are worth more than US$1.57 billion (£1 billion) to the companies established in Aberdeen. Mariner. Image from Statoil…
Peterson and UK-based Veolia announced a US$1.5 million investment in the development of a new, purpose built decommissioning facility in Great Yarmouth. The new site in Great Yarmouth port, operated with joint venture partner Veolia…
Lundin Norway commenced drilling of exploration well 16/4-9 S on the Luno II North prospect in the North Sea. The main objective of well 16/4-9 S is to test the hydrocarbon potential and reservoir properties in the Luno II North prospect…
MEO Australia Malaysian-based Brooke Dockyard & Engineering Work Corp. signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia…
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