UK independent EnQuest says first oil from its US$2.6 billion Kraken heavy development in the UK North Sea is on track for Q2 after hook-up works completed. The Kraken development, about 125km east of the Shetland Islands, off Scotland…
Wood Group has appointed Alan Johnstone as president of its Asset Life Cycle Solutions business in Europe. Joining Wood Group from his position as Amec Foster Wheeler's managing director for upstream asset solutions, Alan brings almost three decades of North Sea…
Germany's Wintershall has submitted its Skarfjell field development plans to Norway's Ministry of Petroleum and Energy. Image from Wintershall. The proposed solution, which was first revealed earlier this month…
UK-based semisubmersible rig operator Awilco Drilling has said global floater fleet utilization could finally start to recover from 2018. The firm says the decline in exploration and production spending seems to be bottoming out in 2017…
The Ivar Aasen field in the North Sea was officially opened earlier today (13 February) by Minister of Petroleum and Energy Terje Søviknes. From left Øyvind Eriksen, chairman of the board in Aker BP and CEO in Aker…
A new, US$224 million (£180 million) center aimed at making Aberdeen a center of oil and gas technology has been launched today. The launch of The Oil & Gas Technology Centre (OGTC), which is to include a number of thematic 'solutions centers…
Transocean is to scrap two idle rigs and has idled three others as contracts have been dropped, while others have been extended. The floaters M.G. Hulme, Jr. and GSF Rig 140 were classified as held for sale. Transocean says these rigs will be recycled…
A new US$6.29 million (£5 million) fund has been launched to provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure. The Decommissioning Challenge Fund (DCF), launched by the Scottish government…
Statoil's Dudgeon Offshore Wind Farm has starting producing its first electricity to the UK National Grid, off southeast England. Some 67 foundations, plus cables and the offshore substation, on the wind park were installed last year…
Marine energy developer Minesto is planning to expand the commercial roll-out of its Deep Green tidal energy technology in Holyhead Deep, North Wales, increasing its installed tidal energy array capacity to 80MW. The Swedish firm has developed a technology…
Oil major Shell has launched a 60-day public consultation on its plans for decommissioning the Brent field facilities in the North Sea. The huge engineering project will see the first significant use of Allseas' Pioneering Spirit heavy lift vessel…
BP awarded Petrofac a three-year extension to its existing contract in the North Sea. The contract, worth in the region of US$25million, was awarded following a competitive tender process. Under the agreement, Petrofac will continue to…
Norwegian riser analytics firm 4Subsea has won a contract for monitoring flexible risers for Statoil on the Snorre B facility in the Norwegian North Sea. The project involves automated integrity monitor systems for six flexible risers the semisubmersible Snorre B platform…
Investment costs on the massive Johan Sverdrup development have been further reduced to US$11.64 billion, from $14.76 billion, when the plan for development and operation was submitted. Break-even costs on the project have also fallen to below $20/bbl for Phase 1…
Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative. The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets…
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