Long a bastion of Mediterranean oil and gas exploration and production, Italy's Edison is close to completing a deal on its latest assets in the UK North Sea and is eyeing its third hub in the wider North Sea region. Taking time out…
Adapting to current cost conscious market conditions was the recurring theme of the Aker companies'* open day for investors last week (17 March). Edvard Grieg at Stord yard. Photo from Kvaerner. It…
The world’s first subsea wet gas compression system is ready to be installed on the seabed and tied back to the Gullfaks C platform, Norwegian oil firm Statoil has announced. The Gullfalks subsea wet gas compression system is being progressed…
Subsea firms FMC Technologies and Technip are forming an exclusive alliance and launching Forsys Subsea, a new 50/50 joint venture. The firms say the alliance will 'redefine the way subsea fields are designed, delivered and maintained'…
Archer began to permanently plug and abandon (P&A) 12 gas wells on Statoil’s Heimdal platform in the Norwegian North Sea using its newest rig. The Archer Topaz modular rig. Photo from Archer. The…
Gaffney, Cline & Associates (GCA) opened a new office location in central London to complement its existing UK base in Bentley, Hampshire and international locations in Houston and Singapore. Michael Cline, GCA principal – business strategy and legal counsel will lead the new office…
IKM Elektro and ENI Norge have signed a service contract for overhaul and repair of electric motors, generators and heaters on Goliat platform in the Barents Sea. The three-year contract has an option of 2+2 years and will be performed as an integrated operations project…
Norway's Kvaerner has chosen Dubai-based Drydocks World to fabricate components for Statoil's Norwegian North Sea Johan Sverdrup riser platform jacket. Drydocks World will carry out the fabrication of pile clusters and floatation…
The low oil price is having major impact across the oil and gas industry. However, DW’s recently released World Floating Production Market Forecast 2015-2019 expects capital expenditure on FPS units to total $81 billion between 2015 and 2019…
SURF contractor Ceona has secured a Letter of Intent (LOI) for the company’s newbuild flagship field development vessel, the Ceona Amazon in the US Gulf of Mexico. The contract will be the Ceona Amazon's first as well as Ceona’s first…
The Mariner heavy oil discovery on the East Shetland Platform in UK block 9/11 will be one of the largest offshore developments on the UK Continental Shelf in more than a decade. Meg Chesshyre checks on its progress. Chris…
Kosmos Energy is to plug and abandon its CB-1 well in the Cap Boujdour permit area offshore Morocco after gas and condensate was found – but not in commercial quantities. Despite the non-commerciality of the well, Kosmos CEO Andrew Inglis says the results are positive…
Will subsea tech join fracking slowdown? There may be too much momentum. Bruce Nichols reports. Testing for Train 2 of the Asgard subsea compression system was completed in December at Aker Solutions’ dockside yard in Egersund…
Statoil has chosen UK-based oilfield support services firm Asco for its supply base and warehousing services on the UK North Sea Mariner field. The contract comes under two five-year contracts, with extension options, due to start in Q1 2016…
Offshore drilling rig operators have put a positive spin on the tough market conditions, suggesting that the downturn could improve the global fleet and offer opportunities to buy distressed assets. Seadrill CEO and President Per Wullf said while…
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