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IRM in offshore wind

Jan 06, 2017

Audrey Leon speaks with Tom Adams, vice president, Power Business Development, at ABS Group, to find out how the firm is offering its inspection and quality assurance services to the offshore wind industry. Image from iStock…

Statoil to lead spending in North Sea

Jan 02, 2017

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 GlobalData…

Vaalco back online off Gabon

Dec 22, 2016

Houston's Vaalco Energy is back online at the South Tchibala 2-H well after utilizing a hydraulic workover unit to replace a failed electrical submersible pump (ESP) system, offshore Gabon.   Image from Vaalco…

Slow and steady wins the race

Jan 01, 2017

Hess is dedicated to bringing its Stampede project online on-time and on-budget, with safety being the key to success. Jerry Lee dives into the finer details of the project, slated for 2018. In September 2016…

Delek buys majority stake in Faroe

Dec 28, 2016

Delek Group completed its deal with Dana Petroleum to gain 13.18% of Faroe Petroleum, expanding the Israeli firm’s North Sea footprint, and making it the majority holder in Faroe. Map of Faroe assets…

Statoil's Troll B hits 1 billion boe

Dec 20, 2016

Statoil’s Troll B has produced 1 billion boe since coming onstream two decades ago, with a further eight to 10 years of oil production expected, the Norwegian giant revealed today.  Image of Troll B…

BW Offshore buys into Gabon PSC

Dec 22, 2016

BW Offshore and the BW Group entered into agreement to acquire 66.67% of the Dussafu production sharing contract offshore Gabon. Subject to closing of this first transaction, the partnership has secured a right to acquire a further 25% of the Dussafu license…

Exxon picks SBM for Liza FPSO deal

Dec 20, 2016

ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID)…

Anadarko in two GoM deepwater finds

Dec 16, 2016

US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…

Petrobras, Karoon deal remains suspended

Dec 21, 2016

Australia’s Karoon Gas is going back to court to defend its deal with Petróleo Brasileiro (Petrobras) for stake in two fields, following a rejection to lift the injunction made by the Brazilian state-owned company in the federal court of Sergipe…

Saipem 7000 to lift out Miller platform

Dec 15, 2016

Italy's Saipem is to use its Saipem 7000 heavy lift vessel to remove BP's Miller platform topsides and jacket in the UK North Sea. The Miller field, which is 270km north east of Aberdeen, in Blocks 16/7b and 16/8b, in the Central North Sea…

Year in review: 2016

Dec 13, 2016

As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…

It's the most wonderful time of the year...

Dec 20, 2016

Yes, it's that time of the year, when remotely operated vehicles become Santa's reindeer and Christmas trees are, well, actual Christmas trees! Just for you, we've pulled together a selection of some of this year's Christmas videos from offshore industry players…

Shell's Malikai TLP comes online

Dec 14, 2016

First oil has been achieved from Shell's deepwater Malikai field, offshore Sabah, Malaysia. The project is Shell's second deepwater project offshore Malaysia, and its first tension leg platform (TLP) in the country, following Gumusut-Kakap…

COSL files lawsuit against Statoil

Dec 14, 2016

China Oilfiled Services Ltd. (COSL) has filed a civil action lawsuit against Norwegian giant Statoil for terminating the drilling contract for the COSL Innovator in March. The rig has been under investigations by both the Petroleum Safety Authority of Norway (PSA)…

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