The Australian government’s annual Offshore Petroleum Exploration Acreage Release has been announced with 21 areas on offer. The areas are across eight sedimentary basins in Commonwealth waters offshore of Northern Australia, Western Australia…
Xvision Software has developed FieldAP, a 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. According to Xvision…
Neptune Energy signed a firm US$5.1 billion (€4.7 billion) offer with Engie for its 70% stake of Exploration & Production International (EPI). Image from Engie. The binding offer includes nearly $1…
BP has achieved first gas from two fields - Taurus and Libra - in the West Nile Delta (WND), offshore Egypt, eight months ahead of schedule. Image of West Nile Delta, from BP. “The…
Oceanteam received written notice from its joint venture partner McDermott, in which McDermott has committed to purchase Oceanteam's remaining 25% stake in the vessel-owning company North Ocean 105 on 20 June 2017. This is in line with…
The massive, 600 MW Gemini offshore wind park has been opened offshore the Netherlands ahead of schedule and under budget. Gemini will produce 2.6 TWh of wind power every year, reducing the Netherlands’ CO2 emissions by 1.25 million tons…
Chris Corcoran, of ABS, highlights the importance of further improving safety to reduce the number of dropped object incidents on offshore facilities. Statistics show that dropped objects cause up to 10% of industrial fatalities…
Wood Mackenzie’s Caitlin Shaw provides perspective on the subsea market and how the industry will redefine a “good” year. An illustration of the Mad Dog Phase 2 development in the Gulf of Mexico…
Traditional risk management practices involve operators navigating large static risk reports, in addition to handling massive amounts of data, with a limited timeframe to make risk informed decisions during operations. DNV GL has released…
Audrey Leon profiles the Thunder Horse field, speaking with project manager Steve Raymer about the BP-operated field’s most recent expansion project, which came in 11 months ahead of schedule and $150 million under budget. Loading…
Decommissioning in Western Europe is set to boom after numerous false starts, says Douglas Westwood’s Ben Wilby. The Troll A platform. Photo: Statoil/Øyvind Hagen. Decommissioning…
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year…
Cluff Natural Resources (CLNR) has found a range of development options for two of the company’s lower risk projects on License P2248 in the Southern North Sea through a scoping study conducted by Xodus Group. The study had indicated…
Wintershall has started production from its first-ever operated Danish oil field, the Ravn field in the North Sea. The Ravn platfrom. Image from Wintershall. Ravn is in Block 5/06 in the Danish North Sea…
First Marine Solutions (FMS) has signed an official alliance with Interocean Marine Services (a Rigmar Group company) combining their equipment and technical capabilities to offer enhanced integrated mooring solutions. Both companies…
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