Wired drill pipe has been a long time coming. As operators look at cost savings across the full life cycle, the benefits are now being recognized, says NOV’s Leon Hennessy. Drill floor operations…
The industry will emerge from its current crisis, but the next chapter in the oil and gas industry may look very different. Hannon Westwood’s Andrew Vinall gives his view. Northwest Europe 2016 exploration…
The big surprise over the last few weeks was of course the UK referendum decision to exit the European Union (EU). At first sight, it looks like a vote for independence over economics. While the first part of that is certainly true, the economic aspect should be measured in years…
A hydrocarbon leak Thursday morning (28 July) aboard the Alvheim FPSO prompted a production halt at the field, according to operator Det norske. The leak occurred in the FPSO's pump room, triggering an alarm, and stopping production.…
Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on schedule, and focusing its exploration efforts on South America. TEN, a floating production…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea have gone on strike today. The strike is the first in 28 years and is over a dispute over 30% pay cuts and changes to allowances…
Noble Energy started production at Gunflint in the deepwater Gulf of Mexico, the Houston-based explorer announced today (21 July). Map of Gunflint, from Noble Energy. The Gunflint oil development…
Global drilling giant Transocean has announced a string of new contracts and the start of its newbuild drillship Deepwater Proteus on contract. The firm has also stacked six rigs, taking its total number of currently stacked rigs to 28…
Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of its Subsea Products business. The sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM…
The US Bureau of Ocean Energy Management (BOEM) is gearing up to hold is first ever lease sale via a live broadcast later this summer that will mark the last lease sale for the Western Planning Area of the current five-year program. Image of Hopper…
EnQuest and Delek Group have signed a non-binding memorandum of understanding (MoU) to farm out 20% interest in the Kraken heavy oil development in the UK North Sea. The area is located in Blocks 9/2b and 9/2c in License P1575, approximately 350km northeast of the city of Aberdeen…
Offshore drilling services provider Ensco has revealed several global contracts in its latest fleet status report, along with its decision to sell several of its rigs for scrap value. Image from Ensco…
With global offshore wind expenditure expected to reach about US$288 billion (£210 billion) over the next 10 years, Subsea UK is encouraging companies to expand into the renewables sector to sustain long-term growth. The industry body…
The Houston BG Group office will close by the end of the year, and layoff a total of 154 jobs, with the majority set to be cut late next month. According to a letter to the Texas Workforce Commission, 118 employees will be laid off on 31 August…
Noble Energy entered into a US$369 million definitive agreement with the Harel Group and Israel Infrastructure Fund (IIF) to offload 3% working interest in the Tamar field, offshore Israel. Image of the Tamar platform…
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