BP's Glen Lyon floating production, storage and offloading vessel (FPSO) is nearly finished and due to sail away to the North Sea next month, BP has said in posts on social media. The firm, which posted a video of the naming ceremony…
Norwegian firms have chalked up yet another subsea first on the country's continental shelf. Just weeks after Statoil brought the Aasgard subsea gas compression project online, on 17 September, Statoil has announced it has now also started…
The offshore vessel market is facing a 'long hard winter' as falling activity will drive further layups, says broker Westshore. The Norway based broker says that around 60 offshore support vessels are now laid up in the North Sea - before…
Following on from the successful launch of the ISA500, Aberdeenshire based Impact Subsea has released the ISA500-L. The ISA500-L is the lite version of the ISA500, providing a highly cost effective solution for underwater altitude and distance measurement applications…
The Norwegian government has said it expects oil and gas investments to fall nearly 21% by 2017, from a record high last year, in its 2016 budget, budget outlined 7 October. With prices expected to remain low in the short-term, the pain is set to continue for the country…
Spanish yard Dragados Offshore and Norway’s Kvaerner Verdal have won the latest construction contracts on the Johan Sverdrup mega-project. Statoil, operator on the multi-million dollar development, in the Norwegian sector of the North Sea…
This year has been a year of anniversaries for many, not least OE, which celebrates its 40th anniversary this year, alongside first oil from the North Sea. Another firm marking a milestone is Schilling Robotics, now FMC Technologies Schilling Robotics…
While much of SPE Offshore Europe focused on the North Sea, there was also a strong global focus, via UK Trade and Industry’s country briefings, as well as keynote sessions looking at global security issues. John Bradbury sat in on the “Security of staff and assets” keynote…
Low oil prices, falling investment and the need to transform the UK exploration and production sector were high on the agenda at SPE Offshore Europe. Elaine Maslin reflects. A packed plenary session during SPE Offshore Europe 2015…
Deloitte’s survey of oil and gas operators and oilfield services companies has found that a lack of effective supply chain collaboration means companies are missing out on maximizing the potential value from the UK Continental Shelf (UKCS)…
VBMS, a strategic joint venture of VolkerWessels and Boskalis, successfully completed the offshore installation of an 18.5km control umbilical for Wintershall Noordzee B.V. The umbilical connects platform RAVN to A6A, located in the Danish and German sectors of the North Sea…
Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North Sea, partner Det Norske said. Illustration of Johan Sverdrup…
Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US Energy Information Administration. “Given the fall in oil prices that began in mid-2014 and the relationship between oil prices and upstream investment…
Independent Oil & Gas (IOG) has made significant progress towards drilling the Skipper well in the Northern North Sea, located in Block 9/21a, in license P1609. Image from IOG. Alpha…
Statoil is targeting 20 MMbbl of additional resources in the Gullfaks area by tapping reservoirs above the main Gullfaks field. Gullfaks was brought on stream in 1981, but the plan for development and operation (PDO) did not include the Shetland and Lista reservoirs…
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