A new satellite platform built in the north east of England is due to float out of its yard tonight (May 29) to be installed 177km off Aberdeen. The 6338ton Forties Alpha satellite platform (FASP) topsides is part of a £400million project…
Innovation in the offshore industry was one of the key themes at this year’s 27th Offshore Achievement Awards. The event, supported by Offshore Engineer and held at the Aberdeen Exhibition & Conference Centre, was successfully re-launched…
IKM Consultants has taken over Poseidon Consulting Services (PCS) after buying 100% of its shares from Siemens in Norway. Poseidon, which mainly focusses on subsea and pipeline work, has about 150 staff, which will be taken in to IKM's business…
Newly founded IRM group Harkand has announced plans to buy Gulf of Mexico business Veolia Marine Services (VMS). The deal would add 150 onshore and offshore staff, based out of Houston, three dynamically-positioned multi-purpose vessels (MSVs)…
Unasys, the North East England-based technology and project management provider to the energy and construction sectors, has signed a four million dollar contract with Technip US for Statoil’s Aasta Hansteen platform. As well as ePM, the Unasys project management CMS system…
Chevron encountered more than 400ft of net oil pay at its deepwater Coronado well No. 1 in the US Gulf of Mexico. Coronado comprises Walker Ridge Block 98. The No. 1 well is located approximately 190 miles off the Louisiana coast in 6,127ft of water…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline. The deal is worth an estimated US$884 million after tax net proceeds…
Det Norske Oljeselskap ASA received authorization to develop its two North Sea fields, Ivar Aasen and Gina Krog, on the Norwegian shelf. The Ivar Aasen field , which Det Norske operates with 35% interest, is estimated to contain 150 mmboe and its development is one of the largest on the NCS…
Drilling firm Noble Corp. has been awarded a four-year drilling contract for work on the UK North Sea Mariner project using a new Cat J jack-up with Norway's Statoil. The contract is worth $655 million and includes a one two-year option…
Apache Corp. announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 b/d. Apache holds a 100% working interest in the Tonto Field…
Pemex awarded Subsea 7's Mexican joint venture its second contract for work at the Line 67 Project in the Bay of Campeche, the E&C services company announced on 14 May 2013. The contract's value is estimated at US$90 million. The scope of work includes the engineering…
Petrovietnam gave an overview of its operations and plans for future development at the Offshore Technology Conference in Houston today. The company seeks to grow to meet the expanding energy needs of Vietnam. Dr. Do Van Hua, president and CEO of Petrovietnam…
Genel Energy is pleased to announce that it has signed a drilling rig contract with Noble Corporation for its African offshore drilling programme. The Noble Paul Romano deepwater, semisubmersible rig will be used to deliver a high impact drilling campaign over a 2 year period…
Knowledge Reservoir, a leading global energy consulting company, announced today its acquisition by RPS Group plc (RPS).RPS is a global, multi-disciplinary consultancy providing advice upon the exploration and production of oil and gas and other natural resources…
Premier Oil has announced success on an exploration well and side track on its North Sea Bonneville prospect. Bonneville, 4km south of the Burgman discovery in the Catcher area licence in the central North Sea, found oil on well 28/9a-6 and its side track…
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