Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Subsea inspection, repair and maintenance and light construction firm Harkand has won Nexen Petroleum UK’s 2014 ROVSV inspection services work along with a longer term frame agreement. The inspection scope covers the Buzzard, Scott, Telford…
UK-based Smith Flow Control (SFC) has designed a specialist pigging panel to be installed on a floating production, storage and offloading facility (FPSO) built for the use in the Goliat field, the first oilfield to be developed in the Barents Sea…
Norway-based Kvaerner's Q2 earnings fell but the firm saw an increase in order intake and growth on existing projects, according to its latest results. During the second quarter, Kvaerner completed three large offshore platform…
Drill floor operations on the Rowan Norway. Image from Xcite Energy. Work on the Bentley heavy oil field in the North Sea showed the significance of experimental data when unconventional fluids are expected to be transported through pipelines…
The UK Government is to contribute £15 million short-term funding over five years to help kickstart the establishment of a new arm’s length regulatory body, to be called the Oil and Gas Authority (OGA), based in Aberdeen, to oversee the oil and gas industry…
Equistone Partners Europe has exited Aberdeen-based PD&MS, a fast-growing specialist provider of engineering, procurement and construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion. The mid-market private equity firm has achieved a 2…
Growing demand for offshore accomodation vessels in the North Sea is increasing rates and accomodatoin quality as operators seek to improve spanner time, says analysts Douglas Westwood. The firm says declining North Sea production and…
Centrica Energy has started drilling on the Pegasus West well 43/13b-7 on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in 95ft water depthabout 7km WSW of the 43/13b-6Z Pegasus North discovery well…
A second production well on Nexen Petroleum's Blackbird field in the UK North Sea has reached 7000bbl/d under a constrained production test, according to partner Atlantic Petroleum. The well, 20/02a-B3, was constrained by surface equipment…
Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million. Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…
Industry body Oil & Gas UK has welcomed HM Treasury’s plans to launch a formal consultation into the future of the UK offshore oil and gas tax regime. The trade body says it believes the sector faces an uncertain future and that the tax review is therefore now urgently needed…
Siemens announced it has completed installation of the offshore platform for the direct-current connection HelWin2. Working under contract from the German-Dutch grid operator TenneT, Siemens has achieved a decisive milestone of the German grid connection projects…
Statoil has awarded Aibel a contract for the hook-up of new living quarters to the Oseberg C platform. The contract has an estimated value of about NOK 125 million. The project, called the Oseberg C Continuous Drilling (LQ Extension) project…
Subscribe
