Houston-headquartered Endeavour International has put itself up for sale. The business, focused on the UK North Sea, says it is looking to sell all or substantially all of its North Sea oil and gas assets, with Blackstone Advisory Partners acting as financial advisor…
Rocksource CEO Terje Arnesen is stepping down from the company today after a mutual agreement with the firm's board. The Norwegian company has also agreed with Hans Petter Klohs that the services provided under a consultancy agreement for the CFO position will end as of 31 August…
Apparently undeterred by low oil prices, oil and gas output from ultra deepwater (>1000m water depth) fields will continue the relentless growth seen in recent years. Image from Shell. In…
Norway's TGS-NOPEC has agreed to take up a contract option with Polarcus, extending its lease of the Polarcus Adira for an additional two months, folloing on from its existing three-month contract. The vessel has already started the contract…
Gibralter's Gibdock shipyard has officially opened its new Pad 1, a specialized area for land-based fabrication projects, including pre-fabrication prior to vessel arrival. The 2940sq m purpose-built pad supported 12-tonne/sq m load-bearing workspace to support the firm's project scopes…
Against a backdrop of growing global activity, ocean thermal-energy conversion (OTEC) is increasingly attracting investment, with work underway to develop technical specifications. Martin Brown, convenor of the International Electrotechnical…
Inspiring the next generation sets the theme for this year’s SPE Offshore Europe 2015. OE takes a look at what’s in store at this year’s event. Offshore Europe 2014. In under three months’ time…
This past year has undoubtedly been one of the most challenging experienced by the marine energy industry in its short life, with some of our colleagues within the wave sector hardest hit. Neil Kermode…
Following Mexico’s historic energy reforms, Fernando C. Hernandez of Reaching Ultra, discusses what is still needed in order to make Mexico a major deepwater player. Fig. 2: The Perdido Hub as seen from a crew boat…
Exova Group’s Stuart Bond shows how the company is working to develop testing technologies to ensure SURF components are fit for HPHT and H2S service. Exova’s Dudley, UK, autoclave facility. Images…
Jeannie Stell provides an update on BP’s partnership with Wood Group Kenny to design and manufacture an FPSO riser suitable for the “dark and stormy” weather at BP’s Quad 204 redevelopment. BP…
About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
Audrey Leon spoke with Schlumberger’s Alexander Neber, technical marketing manager, Software Integrated Solutions (SIS), to discuss how software can solve reservoir engineering and other deepwater exploration challenges. OE: What are…
A milestone is about to be reached in the tidal energy industry off the cold harsh coast of Scotland. Elaine Maslin talked to the project director behind the MeyGen tidal array development. Atlantis Resources’ AR1500…
John Bradbury reports on new equipment designs for risers and umbilicals from DeepFlex and Technip, which the two top-tier players say can stretch the performance envelope. Umbilical spools on Technip Umbilicals’ quayside in Newcastle…
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