The North Sea basin has a two-year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, 'A Sea Change.' While…
Drilling and engineering contractor KCA Deutag has sold its jackup drilling unit, the Ben Rinnes, to an integrated energy and services company for an undisclosed sum. Built in Clydebank, Scotland, in 1973 and acquired by KCA Deutag in 2005…
Some 28% of UK-based subsea industry firms have seen their sales drop by 50% of more since the start of the oil price collapse, according to a snapship survey by industry body Subsea UK. Yet, almost 80% of those surveyed said they were…
Statoil has made a minor gas/condensate discovery near the Krafla discovery in the Norwegian sector of the North Sea, according to the Norwegian Petroleum Directorate. The discovery was made on the Beerenberg prospect well 30/11-13, on production license 272…
Norway’s Petroleum Safety Authority (PSA) has issued orders to UK giant BP for its aging facilities on the Ula and Valhall fields in the North Sea. According to the order, BP must systematically review and map all areas and systems in respect of materials handling…
Oilfield service firm AGR has agreed a framework agreement with recently founded Norwegian oil development firm Okea. Okea was founded in Trondheim in 2015 with the aim of finding cost effective development and operation systems for currently…
UK-based fractured basement explorer Hurricane Energy has suspended farm-outs talks on its west of Shetland Lancaster project after raising enough financing to do its latest appraisal work itself. The firm raised £52.1 million in May…
Independent Oil and Gas is finally set to drill its delayed appraisal well on the Skipper discovery in the Northern North Sea next month using Transocean's Sedco 704 semisubmersible drilling rig. The vertical well will be drilled to…
Aker Solutions says it is on track to boost cost efficiency in all areas of the company by a 30% goal - or NOK9 billion (US$1.11 billion) annually - in a bid to meet current market conditions. A quarter of the targeted improvement is expected to be achieved this year…
Heerema Marine Contractor's Thialf heavy lift vessel lifted the new subsea pump control module (PCM) onto Shell's Draugen platform offshore Norway late last month. The 220-tonne control module is the topside part of the subsea pump system…
Tullow Oil Norge (TONAS) has received consent from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in Block 16/5 in the North Sea. The well will be drilled in a prospect named Rome, with the designation 16/5-6.…
UK-based marine and nuclear services group James Fisher and Sons has taken over Aberdeen-based R2S. R2S, or Return to Scene, developed visualization and asset management software based on forensic investigation technologies. Image…
Rosenberg WorleyParsons has been contracted to fabricate three bridges and two flare towers for the Johan Sverdrup field development. The contract, worth about NOK600 million, was awarded by Statoil. The fabrication and assembly will mainly be carried out in Stavanger…
Statoil has agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK license for the Utgard field, which straddles the Norwegian and UK median line. The move will see Statoil increase its holding in the license to 100%…
DOF Subsea has been awarded several ROV and diving contracts for the Skandi Achiever vessel in the North Sea and the North America region, securing utilization of the vessel until end-October 2016. Following completion of ongoing commitments in the North Sea…
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