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Pilenko: Technip saw downturn coming

Nov 03, 2015

Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…

Stone in Q3 loss, to cut jobs in Q4

Nov 03, 2015

As Stone Energy reported a net loss of US$8.4 million in Q3 2015, the company’s operations in the Gulf of Mexico are moving full steam ahead, with exception of the decision to shed a minority stake in one non-operated project, in addition to cutting some of its workforce in Q4…

Noble brings Big Bend online

Oct 28, 2015

Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…

DONG reaches FID on Irish Sea wind farm

Oct 28, 2015

DONG Energy announced it will construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19km off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities…

Europa: Low rig rates is an opportunity

Oct 26, 2015

Europa Oil & Gas CEO Hugh Mackay says now is a perfect chance to drill on the firm’s offshore Irish prospects thanks to rig rates being at their lowest in a decade. The CEO, whose firm is targeting 1.5 billion boe, unrisked, in three…

Dry tree vs subsea tree on NCS

Oct 23, 2015

A new study led by the Norwegian Petroleum Directorate will look into the benefits and disadvantages of wellhead platforms in a bid to push industry to consider alternatives to subsea tie-backs. The idea is one Norway's Statoil has been considering for sometime…

Aker, Man eye next generation subsea compression

Oct 16, 2015

Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions…

Aker shares Asgard vision

Oct 16, 2015

In this video, Aker Solutions talks about the vision of the world’s first subsea gas compression system to the Statoil-operated Asgard field offshore Norway. The NOK 19 billion (US$2.34 billion) Åsgard subsea gas compression project…

Ocean Rig Athena heading for Senegal

Oct 14, 2015

Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…

Statoil fires up Gullfaks wet compression first

Oct 12, 2015

Norwegian firms have chalked up yet another subsea first on the country's continental shelf. Just weeks after Statoil brought the Aasgard subsea gas compression project online, on 17 September, Statoil has announced it has now also started…

German offshore windfarm inaugurated

Oct 09, 2015

Borkum Riffgrund 1 offshore wind power plant was officially inaugurated offshore Germany. The wind power plant equipped with 78 Siemens wind turbines, each with a capacity of 3.6 megawatts (MW) and a rotor diameter of 120m, will supply around 320…

Searcher completes Barents Sea seismic

Sep 30, 2015

Image: silver-eye/Searcher Seismic Searcher Seismic announced that the acquisition of the Silver-Eye 3D seismic survey in the Hammerfest Basin, Norwegian Barents Sea is now complete. The…

ATCE15: Weatherford introduces Jetstream RIFD

Sep 29, 2015

Weatherford International announced the commercial release of JetStream Radio Frequency Identification (RFID) circulation sub at the 2015 Annual Technical Conference and Exhibition. Poor wellbore integrity can cause events such as stuck pipe…

Nominations open for Subsea UK Awards

Oct 01, 2015

Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognise companies and individuals who are leading the way in Britain’s successful £9billion subsea sector. Entries are being sought for the best subsea company of the year (large and small)…

The ISIS threat

Oct 01, 2015

While much of SPE Offshore Europe focused on the North Sea, there was also a strong global focus, via UK Trade and Industry’s country briefings, as well as keynote sessions looking at global security issues. John Bradbury sat in on the “Security of staff and assets” keynote…

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