Elaine Maslin profiles some of the projects moving forward that pledge to deliver autonomous underwater vehicles for life of field operations. Modus’ AUV launch and recovery system, designed and built by Osbit…
Royal Dutch Shell’s Chief Financial Officer (CFO) Simon Henry will conclude his service as of the company after more than seven years in the role, and will be succeeded by Jessica Uhl. Henry will remain on the board as CFO until 9 March 2017 and sign the 2016 annual report…
Maersk Oil is to shut in its Tyra field offshore Denmark in a move that could impact a string of other fields on the Danish Continental Shelf. Maersk Oil says it was unable to find an economic strategy for full recovery of the remaining resources in the field…
Technip has been awarded an engineering and project management services contract by Shell Australia. The contract will provide multi-disciplinary engineering and design services in support of the Prelude FLNG project, and will allow the…
First oil has been achieved from Shell's deepwater Malikai field, offshore Sabah, Malaysia. The project is Shell's second deepwater project offshore Malaysia, and its first tension leg platform (TLP) in the country, following Gumusut-Kakap…
Is the subsea market poised for a comeback? Jon Fredrik Müller, of Rystad Energy, sets out the detail. An oil and gas Xmas tree. Photo from GE Oil & Gas. The subsea market has…
Despite reductions in exploration spend, work goes on. Elaine Maslin speaks with Wood Mackenzie’s Andrew Latham to find out where explorers will aim their drillbits this year. Stena DrillMAX. Photo from Stena Drilling…
Noble Corp. and Shell have entered a deal to amend contracts for three ultra deepwater drillships, due to today's challenging environment, that will prove to be beneficial for both companies. Image of the Globetrotter I…
Bibby Offshore secured a significant contract with Shell to provide engineering and subsea construction activities in the Gannet G field in the Central North Sea. The campaign, due to commence in Q1 2017, will utilize Bibby's multipurpose dive support and offshore construction vessel…
Mexico is delaying the country’s shallow water bid round, Round 2.1, by three months in a move that regulators hope will garner more participation, increased competition and investments. Image of Mexico's deepwater round…
Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…
Brazilian giant Petróleo Brasileiro (Petrobras) started production at the Lapa field, in the Santos basin pre-salt layer offshore Brazil. Image of the Cidade de Caraguatatuba, from Sofec. Petrobras…
With a growing realization that lower oil and gas prices are here to stay, Subsea UK has urged the industry to embrace the ‘new norm’ to safeguard the future of the UK’s £9billion (US$11 billion) subsea sector. Image of Gordon…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft. The firms, Japan Oil, Gas and Metals National Corp. (JOGMEC), Inpex Corp and Marubeni Corp…
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