Low oil prices, falling investment and the need to transform the UK exploration and production sector were high on the agenda at SPE Offshore Europe. Elaine Maslin reflects. A packed plenary session during SPE Offshore Europe 2015…
Independent Oil & Gas (IOG) has made significant progress towards drilling the Skipper well in the Northern North Sea, located in Block 9/21a, in license P1609. Image from IOG. Alpha…
In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
Statoil is targeting 20 MMbbl of additional resources in the Gullfaks area by tapping reservoirs above the main Gullfaks field. Gullfaks was brought on stream in 1981, but the plan for development and operation (PDO) did not include the Shetland and Lista reservoirs…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Cortland Co. delivered a precision lifting solution for the successful installation of a topsides module offshore in the UK North Sea Cortland worked with Seaway Heavy Lifting who were contracted for the transportation and installation of the module…
Some 140 fields could cease production on the UK Continental Shelf over the next five years, according to research by analysts Wood Mackenzie. The firm says high oil prices have enabled North Sea operators to extend field life and delay decommissioning time and time again…
Origin Energy’s BassGas production has exceeded 60 TJ/d following the Yolla-5 development well coming online offshore Australia, according to partner AWE Ltd. Image of BassGas. From Origin. The…
Geoscience firm Spectrum has agreed a multi-client master co-operation deal with the Somalian government. The agreement allows Spectrum to acquire approximately 28,000km of long offset 2D seismic data offshore south Somalia. The new acquisition has been specifically designed to complement 20…
Ahead of next week’s SPE Offshore Europe 2015, Audrey Leon spoke with OneSubsea’s Don Sweet about how he got into the industry and what technologies he’s keeping an eye on. Sweet. Image from OneSubsea…
Project services consultancy Cambla is set to release a new version of its state-of-the-art software, the Schedule Animation Tool (SAT), next week during its exhibit at SPE Offshore Europe. The technology has been developed to improve the accuracy…
Faroe Petroleum has agreed to buy UK explorer Roc Oil GB, including its 12.5006% stake in the North Sea Blane field and a 12% interest in the Enoch field, also in the North Sea for up to US$20 million. Roc Oil GB is a subsidiary of Roc Oil Company…
An online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed. The Aberdeen-based company has invested in excess of £300,000 in the development of iVISION…
Singapore’s Keppel Offshore & Marine has agreed to buy Cameron International’s offshore rig business for US$100 million, comprising of the LeTourneau jackup rig designs. Keppel says the LeTourneau suite of jackup rig designs have been…
North Sea-focused Independent Oil and Gas (IOG) is aiming to drill an appraisal well on the Skipper discovery later this year with contractor led funding. Image from IOG. The…
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