With a mere four orders so far this year the floating production system (FPS) sector is suffering. However, things are anticipated to be better next year, with the US Gulf of Mexico (GoM) in particular, having a surprisingly bright future…
Norway's Det Norske has bought UK-based independent explorer Premier Oil's Norwegian assets for US$120 million, just a month after agreeing to buy Svenksa Petroleum for $75 million. The Premier Oil assets include the Vette development…
Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price, the current turmoil in this region is having a limited impact…
The Norwegian Oil and Gas Association has offered a glimmer of hope for contractors and suppliers on the Norwegian Continental Shelf (NCS), suggesting investment is set to rise 'substantially' in 2018 and 2019. The trade body said investment…
Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
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…
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…
Image from Baker Hughes. Baker Hughes announced the commercial release of FATHOM XT SUBSEA525 inhibitor that helps control asphaltene deposition in deepwater wells. The…
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…
Wood Mackenzie's corporate upstream research team has assessed Q3 results from the major oil and gas companies, identifying four key themes to look out in 2016. Wood Mackenzie says the latest round of earnings results offered the industry…
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…
Chemicals company INEOS has increased acquired the 25% interest in the Clipper South gas field, further increasing its ownership in North Sea fields. INEOS had announced earlier this month its acquisition of a portfolio of natural gas assets…
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…
The Institute of Marine Engineering Science and Technology (IMarEST) will be offering free student membership to all students (undergraduate and postgraduate), cadets and apprentices for the duration of their studies or training. This…
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