A sustained low oil price environment has led to a large number of delayed maintenance activities as operators continue to look to reduce costs wherever possible. The offshore maintenance, modifications and operations (MMO) market experienced…
Tidal energy developer Atlantis Resources is to go ahead with the second phase of its MeyGen tidal energy project in the Pentland Firth off Scotland, the firm announced this morning. The project, called Project Stroma, or MeyGen Phase 1B…
California's governor Jerry Brown has urged US President Barack Obama to permanently withdraw waters off his state from new offshore oil and gas leasing and 'guarantee that future oil and gas drilling' is prohibited. Brown had sucessfully…
A new company, Nucore Group, has been established to create a topside engineering services group of companies. Backed by Lonsdale Capital Partners, Nucore Group currently oversees the management of Oteac and HVAC & Refrigeration Engineering (HVAC&R)…
Delek Drilling and Avner Oil, part of the Leviathan partnership with Noble Energy, has approved the development plan for the mega-discovery, offshore Israel, the two announced today 12 December. The decision paves the way to Leviathan's final investment decision (FID)…
Malaysia-based Petronas has hit a milestone with its PFLNG SATU last week, as the unit produced its first drop of liquefied natural gas (LNG) from the Kanowit gas field, offshore Sarawak. The PFLNG SATU…
Mitra Energy has changed its name to Jadestone Energy, effective immediately. 'We are moving in a new direction and we want to be defined by our actions in the years ahead rather than by the past,” said Paul Blakeley, executive chairman…
The Petroleum Safety Authority Norway (PSA) has launched an investigation into a fire which broke out in an engine room on the Scarabeo 5 drilling unit on 22 November 2016. A team from the PSA traveled out to the rig, which is working on the Njord field in the Norwegian Sea…
Premier Oil says it has further reduced costs on the Catcher floating production development in the North sea, to a forecast total US$1.7 billion. The drop, a 24% reduction on the original sanctioned estimate, comes after costs had been reduced 20% to $1…
Manila’s Asian Development Bank (ADB) is investing US$1 billion in the expansion of the BP-led Shah Deniz II project, offshore Azerbaijan in the Caspian Sea. Welding of Shah Deniz II jackets being fabricated at BDJF…
Norway’s Petroleum Safety Authority (PSA) carried out an audit of operations, maintenance and pressure safety focused on Statoil's and Gassco's land organizations and the Heimdal main platform (HMP) and Heimdal riser platform (HRP). The audit was conducted between 22 and 29 September 2016…
Asset Guardian Solutions Ltd. (AGSL), which specializes in managing and protecting companies’ “hidden assets” such as process critical software, has appointed Mark Steel to the position of business development manager for the UK. The…
Norway’s Petroleum Safety Authority (PSA) has given Statoil consent to drill well 16/2-22, an appraisal well, on the Johan Sverdrup field. The consent also applies to a possible sidetrack from this well. The Statoil-operated field, located around 140km west of Stavanger in the North Sea…
The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
After more than three decades’ production, the mighty Murchison platform was finally down-manned this year. Work to dismantle the 25,000-tonne topsides is ongoing. Elaine Maslin reports. CNR International’s…
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