UK-based small cap player Nordic has Energy has announced it is looking to wind up the company. The firm has instructed accountants Turpin Barker Armstrong to lead the insolvency proceedings. The Company listed on the ISDX Growth…
Fugro has secured three contracts using the company’s Q1400 trenching system, to be deployed in the North Sea over the next 12 months. Image of the Q1400 trenching system, from Fugro. At…
Sailaway on Ithaca Energy's FPF1 floating production facility to the Greater Stella Area development in the UK North Sea is expected by the end of this month, according to contractor Petrofac. After a series of setbacks on the FPF1 modification project at the Remontowa Shipyard in Gdansk…
UK-based Independent Oil and Gas (IOG) has completed its acquisition of the 50% of the Blythe discovery it didn't already own, doubling its reserves. IOG has gained 100% of the discovery by acquiring 50% in a license covering Blocks 48/22b and 48/23a in the Southern North Sea…
Norwegian oil major Statoil is suspending its contract for use of the Songa Delta semisubmersible drilling rig after completion of its current drilling operation. The unit is currently drilling the Slemmestad well in the Norwegian North Sea…
The Norwegian Petroleum Directorate has granted Faroe Petroleum a drilling permit for a side track appraisal well on the Brasse discovery in the Norwegian North Sea. Well 31/7-1 A side track will be drilled using the Transocean Arctic drilling facility in production license 740…
Integrity, maintenance and engineered solutions group ICR executive chairman Bob Forbes is to retire. He will be replaced by Bill Bayliss who has held multiple senior level appointments in international oil and gas businesses including Brown and Root…
In this video, Statoil shows a timelapse from the load out of the main support frame for the Gina Krog topside on to the heavy transport vessel Mega Caravan. Along with the process module and the utility module the 10,000 ton heavy…
UK-based Proeon Systems has revealed a technology collaboration with Danish company SAAB, known for its military communications and aircraft equipment, and ATEX and AV equipment firm BARTEC. Together the firms are offering an integrated…
Norway's Det norske, which is due to become Aker BP, is set to drill an exploration on the Rovarkula prospect in the Norwegian sector of the central North Sea. The 25/10-15 S wildcat well will be drilled from the Maersk Interceptor jackup…
Fugro has been awarded a three-year contract for integrity management support (IMS) and intervention works for Det norske in the Norwegian sector of the North Sea. The offshore scope covers subsea assets at Alvheim, Vilje, Volund and Bøyla field developments…
Faroe Petroleum hit an oil discovery at its Brasse exploration well in the Norwegian North Sea, with plans for a sidetrack to follow. The Transocean Arctic, from Transocean. The company encountered oil at the Brasse well 31/7-1…
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organized by trade body Oil & Gas UK, which concluded today (15 June) in Aberdeen. Almost 500 delegates attended the “UKCS: Open for Business” themed event…
MPs and Cabinet Ministers will be urged to do everything they can to protect the US$13 billion (£9billion subsea) industry at a Parliamentary Reception this week, according to Subsea UK. The industry body is leading a delegation of high…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
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