Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood recently reviewed more than 250 upstream capital projects sanctioned in the last four years to assess how industry costs are moving…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
Rosenberg WorleyParsons has been awarded a contract with Subsea 7 for the fabrication of subsea structures and pipes for Wintershall’s flagship development in Norway. This is the second in a series of deliveries for Rosenberg to Subsea 7 and Maria project…
Wintershall Norge has signed a sales agreement with the Norwegian oil company OKEA to sell its 10% share in the Yme license on the Norwegian Continental Shelf (NCS). Following the transaction, the equity ownership in PL 316 license is: Repsol Norge (operator) 60%…
Ithaca Energy is edging closing towards first oil from the Greater Stella Area Development in the UK North Sea. First oil, from the FPF-1 floating production unit, is scheduled for next month, as planned. The unit set sail from Poland in August and was safely towed to location…
Aker Solutions has introduced a new lighter weight and faster to deliver semisubmersible platform that will help producers unlock more marginal oil and gas fields in harsh environments across the globe. Lean Semi…
Following its launch during last month’s Intelligent Energy event, entries have now opened for the 2017 Offshore Achievement Awards. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, with the support of principal sponsor TAQA and media partner OE…
The UK's new regulator, the Oil and Gas Authority (OGA), has now been established as an independent government company by the UK government. The move formalizes the transfer of the Secretary of State’s regulatory powers in respect of oil and gas to the OGA…
Aker BP has agreed to acquire interests in eight licenses from Tullow Norge, including 15% in the Centrica-operated Oda (previously known as Butch) discovery in PL 405 on the Norwegian North Sea. Aker BP - a new company formed from the…
BP is estimating that 95 tonne, equivalent to nearly 700 bbl, has been spilled into the North Sea as a result of a leak at the UK giant's Clair platform. 'Both direct observation from surveillance flights and oil spill modelling continue…
How offshore assets are visualized has taken a leap forward with photographic technology that helps to create point clouds. Elaine Maslin reports. Turning photos into point clouds. Images from Return to Scene…
The Gullfaks subsea multiphase compression project made waves last year, becoming the first of its kind. In June, four people involved in the project won the Underwater Technology Foundation’s Subsea Award at the Underwater Technology Conference…
In a short period of time, drones have shot to popularity as a tool for offshore oil and gas facility inspection. Elaine Maslin profiles the technology and its providers. Flying high. Image from Sky-Futures…
Norwegian firm Det norske and BP's Norwegian business are set to cease to be from today, after a deal which will see the two firms combines is scheduled to complete. The two companies are to become Aker BP under the move. Aker BP will…
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