The Valemon gas and condensate accumulation, a 1985 discovery 160km off the coast from Bergen, has estimated recoverable reserves equivalent to 210 million barrels of oil. Development is currently priced at NKr20.4 billion by operator Statoil and its partners Petoro…
As the giant Nord Stream project, involving 3 million tonnes of rock dumping over two and a half years, comes to an end, Tideway has picked up another substantial project from Subsea 7 for Total's Laggan Tormore project. Meg Chesshyre reports…
Liquid Robotics and Schlumberger have created Liquid Robotics Oil & Gas, a 50:50 joint venture tasked with developing services for the oil & gas industry using Liquid Robotics’ wave-powered, autonomous marine vehicles, which can operate offshore for up to a year without crew…
CodaOctopus and its Dutch agent Nautikaris recently provided positioning and survey services to Deep BV for the installation of a power cable at the Thornton Bank wind farm off the Belgian coast. It was the first time the Echoscope had been…
The latest addition to the Hallin Marine fleet of subsea operation vessels, the compact semisubmersible Derwent, was floated for final fit out at the Drydocks World yard in Nanindah, Indonesia, last month. Designed and equipped to meet current and anticipated subsea industry demand…
The Inter-M Pulse long-term mooring connector, developed by InterMoor in conjunction with sister company Pulse Structural Monitoring, was recently put through its paces in a North Sea field trial. Alan Duncan, MD of InterMoor UK, reported…
Maintaining a flowline that will operate smoothly following a shutdown means addressing a host of flow assurance challenges. The industry has typically approached the flow assurance question through chemical and mechanical means. Jennifer Pallanich…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
The newbuild DP3 ultra-deepwater multipurpose flex-lay subsea construction vessel Lewek Connector recently wrapped up her first working voyage in the Irish Sea, laying two power cables and a fibre optic cable for the final phase of EirGrid's East-West Interconnector project…
Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially…
Specialist offshore fabricators continue to innovate in pursuit of an oil & gas market edge. Meg Chesshyre opens this month's yards round-up with a review of progress on the latest additions to Centrica Energy's North Sea infrastructure.Centrica’s…
HSM Offshore’s Schiedam yard in the Netherlands recently completed a wellhead platform for UK independent EOG Resources’ Conwy field in Irish Sea block 110/12. The topsides weight was 850t, the jacket 690t and the piles 700t. HSM started platform…
The water depth record for conventional mooring offshore Brazil was improved by another 12m – to 2027m – by InterMoor recently under its one-year mooring and positioning support operations contract with Shell using the mobile offshore drilling unit Noble Clyde Boudreaux (pictured)…
Specialist downhole tool provider Peak Well Systems has launched the Power Cutter, a patented powercharged, non-explosive cutter that is dropped from surface to sever slicklines and cables in the event that a toolstring becomes stuck downhole…
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