The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…
The Industry Technology Facilitator (ITF) is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
Gazprom Neft subsidiary, Gazpromneft Sakhalin, has acquired a license for the exploration, development and production of hydrocarbons at the Ayashsky block, on the continental shelf of the Sea of Okhotsk. Map of the Ayashsky block…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
Transocean has filed a complaint of patent infringement against fellow rig builder Noble Corp. in a Houston court, accusing Noble of infringing upon Transocean’s “dual-activity” technology. However, Noble is standing its ground, and says it disagrees with this lawsuit…
Offers for 56 new production licenses on the Norwegian continental shelf are being made to 29 companies, 17 of which are operators. The offers are being made after 33 companies applied in the Norwegian Petroleum Directorate's (NPD) the Awards in Predefined Areas (APA) 2016…
The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) are offering 122,405 acres offshore Kitty Hawk, North Carolina in a commercial wind lease sale in March. Map of wind energy areas off North Carolina…
Hansa Heavy Lift (HHL) has successfully transported two ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St. Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia…
The National Iranian Oil Co. (NIOC) has released a list of 29 foreign oil and gas firms which have been pre-qualified for its upcoming upstream projects tender round. NIOC is planning to put to a round of tenders several upstream oil…
Norway’s Petroleum Safety Authority (PSA) has unveiled a number of failings, following an audit of Shell's management of the integrity of flexible risers, transfer lines and associated safety equipment on Knarr floating production and storage offloading (FPSO) unit…
ACE Winches, a deck machinery specialist, has secured a spooling contract with Oceaneering for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) project. The contract will be the first time ACE Winches’ 500-tonne reel drive system is used…
Finalists for the 2017 Offshore Achievement Awards, supported by OE (Offshore Engineer) have been unveiled today. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, the annual awards recognize some of the industry’s…
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