Marine energy is a sector which has faced its fair share of ups and downs. That said, there remains much to be positive about in both wave and tidal energy in Scotland. Both industries have taken enormous strides forward in the last 12 months…
Subsea UK is encouraging British firms to set their sights on international expansion to sustain long term growth. The industry body is urging companies to look beyond the North Sea and establish international links to generate new business…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Quest Offshore provides a look at subsea processing systems by type. Subsea Processing Project List (Onstream 2010+) Subsea Processing Application Region Operator Project Boosting Africa/Mediterranean…
Premier Oil's Catcher floating production project in the UK North Sea is on schedule to deliver first oil in 2H next year. The UK-based independent says further cost savings have been secured against the project estimates. Premier now forecasts capex to first oil of US$1…
Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…
International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation ONGC). Worth more than US$17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India…
A consortium of L&T Hydrocarbon Engineering (LTHE) and Emas Chiyoda Subsea (ECS) entered into a US$1.6 billion engineering, procurement, construction and installation (EPCI) deal with Saudi Aramco for the development of the second phase of Hasbah Offshore Gas field…
Well intervention focused firm Helix Energy Solutions Group says it is expecting to see an improvement in activity in the second half of the year, after posting a US$10.7 million Q2 loss ($2.6 million loss in Q2 2015). The firm said its well intervention revenues increased 30% in Q2 of 2016…
Mexico’s Ministry of Energy (SENER) has approved auction terms for the first phase of Round 2, which will auction 15 shallow water areas in the Gulf of Mexico. The round is set to open in late March 2017. Image from CNH…
UK explorer Independent Oil and Gas (IOG) is due to spud an appraisal well on the Skipper oil discovery next week. The Skipper prospect, 100% owned by IOG, is in Block 9/21a in license P1609 in the northern North Sea. IOG says success of the well would be 'transformational' for the company…
In this video, Shell shows the history of its Brent field, in addition to its efforts in the decommissioning process. Brent, located some 320mi from Aberdeen, one of several large fields that came on-stream during the global oil crisis of the 1970s…
The Bureau of Ocean Energy Management (BOEM) has notified companies holding oil and gas leases in federal waters that it is updating financial assurance and risk management requirements to ensure that US taxpayers never have to pay for decommissioning…
Aminex has increased gas production from the Kiliwani North-1 well, offshore Tanzania. The well, drilled on the Kwiliwani North field from Songo Songo Island island, was brought on stream in April. It reached 30 MMcf/d boe at the weekend…
CNR International has has exercised an option to extend the fixed term of the lease contract for floating production, storage and offloading (FPSO) vessel Espoir Ivoirien from 2017 to 2022. The vessel produces oil from the Espoir field since 2002…
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