An Aberdeenshire engineering company has been given a £5 million injection by Maven Capital Partners in return for a majority stake. R&M Engineering (R&M) provides integrated engineering and fabrication services to the North Sea oil & gas industry…
Watch as a ship navigates the North Sea despite dangerous surges and hurricane-force winds during December's Extratropical Cyclone Xaver, one of the most dangerous storms to hit the UK in recent memory. “Xaver brought with it a potent combination of hurricane-force gusts…
Hungarian integrated oil and gas firm MOL Group has entered the North Sea through a $US375 million deal with Wintershall, a subsidiary of Germany's BASF Group. MOL will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%)…
Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy. Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…
Following a competitive tender process, Bristow Helicopters Ltd. has a significant new contract to provide helicopter transportation services to BP Exploration Operating Co. Ltd. The contract has a five-year term, with an option to extend…
Heerema Fabrication Group’s (HFG) Vlissingen yard in the Netherlands celebrated the first steel cut on the Gina Krog jacket, the largest launch jacket built at HFG. The 17,000-ton jacket is being built for Statoil Petroleum AS and is…
Oil and gas companies will spend about US$723 billion on exploration and production (E&P) in 2014, an increase of 6.1% from 2013, Barclays Bank said in a report. Major oil companies are slowing spending growth as they put more emphasis…
ABTechnology Ltd. and partner Enegi have signed an option agreement with energy services firm Wood Group PSN to increase its participation in the ABT Oil and Gas project. ABT Oil and Gas is a joint project by Enegi and ABTechnology to…
Subsea sampling can help increase PVT accuracy and improve subsea multiphase meter performance. Test lines for subsea well testing cost as much as US$60 million and come with logistical and well intervention challenges. Eivind Gransaether explains…
Heerema Fabrication Group (HFG) has opened a new €6 million fabrication facility in Opole, southern Poland. Heerema said growing demand for qualified prefabrication of small offshore steel structures and substructures for HFG’s fabrication yards…
The deadline for entries for this year’s Offshore Achievement Awards (OAAs) has been extended to December 9. Ambitious companies and individuals hoping to be recognised amongst the best and brightest that the UK offshore industry has…
The UK's Government has awarded a further 52 North Sea oil and gas exploration licenses, bringing the total number of awards offered in the 27th Round to 219. The figure represents a record, with the number of smaller independent companies being offered awards also representing a high level…
MSc papers from students studying at the University of Aberdeen and Robert Gordon University (RGU) were pitched against each other at the Aberdeen branch of the UK's Energy Institute’s annual student competition this week. Six students…
Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan. The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…
Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted. Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…
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