After a long awaited return to Liberia, ExxonMobil started drilling at the deepwater Mesurado-1 exploration well earlier this week, according to partner Canadian Overseas Petroleum Ltd. (COPL). Map of Liberia…
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…
The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward decommissioning is causing spending to rise significantly…
Repsol E&P sent an early termination notice to Rowan Companies last week, ending its contract for the Rowan Renaissance drillship effective immediately. “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April 2017…
Production at OMV's Maari oil field offshore New Zealand has been shut in and the wellhead platform (WHP) down-manned after a crack was found in the platform. The 1.4m-long crack was found in one of the platform’s horizontal struts. The field…
Sweden's Vattenfall has won the tender to build Danish Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea. Kriegers Flak will be Denmark’s largest offshore wind farm. Vattenfall’s investment in Kriegers Flak will be EUR 1…
Eni and General Electric (GE) have entered an agreement to develop renewable energy projects and hybrid solutions with a focus on energy efficiency. Through this agreement, Eni and GE intend to jointly identify and develop large-scale power generation projects from renewable energy sources…
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. A mix of operators, duty holders, service businesses and supply chain…
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting firm GlobalData…
Dutch floating technologies firm SBM Offshore has been picked to provide a floating wind systems solution for a pilot project, offshore France. EDF Energies Nouvelles was selected by the French government last week to construct a pilot floating wind farm for its Provence Grand Large project…
Denmark’s DONG Energy has decided to exit the oil and gas business, to focus its efforts on renewables. Image from DONG Energy. “We have decided to initiate a process with the aim of ultimately exiting from our oil and gas business…
Offshore wind turbines have been successfully deployed in several European nations since 1991. Over the past five years, the US offshore wind industry has achieved major milestones. The US Bureau of Ocean Energy Management (BOEM) has awarded…
MacGregor introduced the 3D Motion Compensator (3DMC), a flexible retrofit device, which is designed to enhance the load-handling precision of an offshore crane even in challenging sea states. 'MacGregor's standard active heave-compensation (AHC)…
National Instruments’ Charlotte Nicolaou shows how software systems are helping to create installation tools as well as helping to design offshore wind systems in the renewables sector. Houlder’s pile gripper arms…
Danish utility and oil firm DONG Energy is laid claim to being the first company worldwide to have installed 1000 offshore wind turbines. Its offshore wind turbine number 1000 was commissioned at the German offshore wind farm Gode Wind 2…
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