A new report produced for the Energy Technologies Institute (ETI) says there are no technical hurdles to permanently and safely storing large quantities of CO2 deep underground off the coast of the UK. There is also the potential for…
UK independent operator Premier Oil says it has cut costs on its North Sea Catcher floating production project by 15% - and the project remains on schedule. Forecast gross capex to first oil is now anticipated to be about US$1.35 billion…
Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to one rig being out of work and another undergoing work. While the firm has work for one of its two semisubmersible rigs…
Sparrows Group has been awarded a 20-month inspection services contract to cover Stena Drilling’s global fleet of drilling vessels. The agreement will see Sparrows Group deliver LOLER lifting gear surveys, potential dropped objects surveys…
Photographer Jan Berghuis has caught these stunning images of the moment Heerema Marine Contractor's Thialf heavy lift vessel lifted into place a new, 10,000-tonne module for Talisman Sinopec Energy UK's new Montrose platform in the UK North Sea…
Bibby Offshore has entered into a multimillion dollar agreement for two of its vessels to provide first gas and construction support on its assets in the Southern North Sea. The contract, with an unnamed global energy provider, is due to be executed between Q3 and Q4 2016…
OE readers won’t need much reminding of the parlous state in which oil and gas currently finds itself. That’s particularly the case here in the North Sea where the price slump is compounded by dwindling reserves and high operating costs. By contrast…
The UK's Oil and Gas Authority (OGA), a newly formed independent regulator, has released a second invitation to tender (ITT) for the 2016-2017 UK Government funded seismic program. This tender is for reprocessing legacy seismic data in…
Nexen Petroleum is to end production from the Ettrick field in the North Sea and remove the floating production facility FPSO Aoka Mizu from the location. Nexen, which is owned by China National Offshore Corporation, terminated a contract with FPSO provider Bluewater in March…
UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
DONG Energy has started consultation on its 2.4GW Hornsea Project Three offshore wind farm in the UK North Sea. If built out to full capacity, Hornsea Project Three would be the world’s largest offshore wind farm, capable of powering over 2 million UK homes…
Norwegian yard Westcon has been picked by Statoil to maintain parts of the major's subsea equipment at all base locations in Norway under a new framework agreement. The scope of the agreement is maintenance and overhaul of defined parts of the subsea equipment Statoil has at its bases…
Wood Group has been awarded a three-year contract, extending its support of Shell’s eight UK Continental Shelf offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet…
Aberdeen-based engineering group Wood Group is looking to cut around 300 UK onshore staff, the firm announced today. Wood Group says the move is 'in response to continuing cost and efficiency challenges affecting the oil and gas sector…
Repsol has been given the green light to remove the Petrojarl Varg floating production unit and related subsea structures from the Varg field offshore Norway. The Varg oil field is in the North Sea, about 220km south-west of Utsira in Rogaland county…
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