Colloquy: Editor's Column Many stakeholder programs benefit from oil industry funding and local community approval gives oil companies a social license to operate. Just before the Offshore Europe conference in Aberdeen, I discovered the…
Thalassa has agreed a deal to buy Go Science for £3.6 million from administrators. Go Science, which employs six people, provides mobile sensor grid services and products, in the UK and overseas, to the oil and gas, defense and homeland security sectors…
SOCO International announced that the Lideka East Marine-1 well (LDKEM-1) off Congo, which targeted a post-salt structure, updip from the Lideka Marine-1 well, found shows of oil in the Sendji formation (iS3). The well encountered about 50m of net pay section in the Upper and Lower Sendji…
A new offshore marine and engineering consultancy has been launched with the backing of a Norwegian investment outfit and the company's own management. Aqualis Offshore was set up earlier in the summer and now has 40 staff and offices in offices in London…
Leading players in the 3DTV industry will converging on Aberdeen next month for a conference focusing on use of such technologies in the oil and gas and renewables industries. The 3DTV Conference: Vision Beyond Depth event has been organised by Aberdeen University…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
Statoil ASA, along with partners Eni Norge and Petoro, made a gas discovery at the Iskrystall prospect on PL608 off Norway in the Barents Sea. The well is approximately 30km southwest of 7220/8-1 Johan Castberg and about 240km north of Hammerfest…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian and African regions…
Barrier Group has acquired a 49% stake in a North East-based rubber product manufacturing company. The Wallsend-based company has bought the share in Tyneside’s Aquaseal Rubber with the aim of helping to expand the business’ presence in to wider markets…
I am very excited about the future of the oil & gas industry in the North Sea and internationally. The theme of this year’s SPE Offshore Europe conference is The next 50 years – but 50 years ago no-one could have predicted the way the UK oil & gas industry would develop or how we operate now…
The National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program announced on Sept. 4, that it provided US$967,000 through NOAA’s Restoration Center to support locally driven, community-based marine debris prevention and removal projects…
Marathon Oil is to sell its 10% interest in deepwater Block 32 offshore Angola to Sonangol for about US$590 million. The firm also announced plans to repurchase US$1 billion of its common stock and buy about 4800 acres in the core of its south Texas Eagle Ford position…
BP has announced a deepwater gas discovery in the East Nile Delta offshore Egypt. Wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m net of Oligocene sands. The company says the well…
In the short term there will be a dash for gas, but longer term the key to global energy supplies could be solar, yesterday’s SPE Offshore Europe breakfast briefing heard. Professor John Miles, Arup/Royal Academy of Engineering research professor in transitional energy strategies…
Former BP CEO Tony Hayward, now CEO of Genel Energy, focused on geopolitics, prices, and technology, while explaining the role of the independent in challenging conventional thinking, at a keynote session on IOCs yesterday. Geopolitics has defined the field of play…
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