A power cut at Shell’s Nelson platform, 124 miles off Aberdeen in the North Sea, saw 148 of the 167 on board airlifted to the nearby Borgholm Dolphin flotel on Tuesday (19 August). Nineteen workers remained on the rig while the problem is resolved…
Work is due to start in Q4 this year on what its backers are calling the world’s biggest tidal array after its owners agreed a £50 million funding package from the Scottish and UK Governments and the UK's Crown Estate. The MeyGen project…
Cylindrical floating vessel firm Sevan Marine says it has a positive outlook with multiple leads for its technology, including FLNG technology and potential deals for floating production units on Premier Oil’s North Sea Bream field and Shell’s Penguins…
Baker Hughes issued the July 2014 international rotary drilling rig count last week, showing a total of 1382 rigs operating outside the US & Canada. International activity in July was up 38 rigs from the 1344 rigs drilling in June 2014…
Production from the entire Siri area offshore Denmark is hoped to resume in Q3 on finalization of permanent structural repair to the Siri platform (right). Noreco, a partner in the Cecile License, which relies on Siri for offtake, said…
The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) report for South Stream's offshore section in Turkey. The report contains the assessment of potential environmental impacts caused by the gas pipeline construction…
Staatsolie, Suriname’s state-oil company, is offering three deepwater blocks through a competitive bid round. The blocks for bid include offshore blocks 58, 59 and 60, which lie east of Suriname in the Suriname-Guyana basin. The Suriname…
Aker Solutions has agreed to lease a new office complex in Aberdeen on a 20-year contract as part of an expansion in the UK. The facility is under development and will consist of three interconnected buildings in the new Aberdeen International Business Park near Aberdeen airport…
Forecasters with the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center raised the likelihood for a below-normal season in last week’s update to the Atlantic Hurricane Season Outlook. Image…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
Oman's Ministry of Oil & Gas (MOG) has announced an oil and exploration bid round which includes two blocks offshore. The two offshore blocks 18, 59 are being opened to bidders alongside onshore blocks 43A, 54, 58. Block 18 is in…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
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