Companies operating in the North Sea require a cultural shift to make the most of its potential, according to a new report from Deloitte, the business advisory firm. Image from Statoil. The report…
Confidence in North Sea oil and gas activity has fallen to a six-year low, highlighting an 'urgent need' for fiscal reform in the basin, according to a report published today (25 November). Aberdeen & Grampian Chamber of Commerce's (AGCC) report…
This animation from Norway's Ulstein Group details the company's new patent-pending X-Stern vessel, which upgrades the shipbuilder's popular X-Bow. The X-Stern can stay on position in harsh weather with the stern towards waves, wind and current…
Oil & Gas UK has published two updated sets of guidelines to help operators of floating production storage and offloading facilities (FPSOs), floating storage units (FSUs) and offtake tankers to adopt advances in industry good practice. Oil & Gas UK’s operations director…
Babcock has completed a second walk to work (W2W) contract with Total E&P UK, as part of the Elgin B and West Franklin wellhead platforms commissioning in the UK North Sea. In the seven months from March to September 2014, more than 18…
Norwegian Energy Company (Noreco) has installed a new CEO and CFO as it looks to stablize its financial position and following the departure of CEO Svein Arild Killinland. Tommy Sundt, the firm's CFO, takes over from Killingland. Odd Arne Slettebø will replace Sundt as CFO…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Engineering services firm Plexus Holdings has received a £1.9 million purchase order from a major oil and gas operator to supply surface wellhead and mudline equipment services for a gas and condensate exploration well in the UK North Sea…
Offshore oil and gas and renewables companies have just days left to enter the 2015 Offshore Achievement Awards and be recognized with the brightest and best industry talent. The deadline for the awards, organized and hosted by the Society…
Maersk Oil North Sea UK (MOUK) awarded DNV GL a multi-million dollar contract for the Culzean field development project. The Culzean project rendering. From KBR. Upon the terms of agreement…
The oil industry was only just coming to terms with Halliburton's offer for Baker Hughes when Technip revealed it had made an offer, albeit rebuffed, for CGG yesterday (20 November). Colin Welsh, CEO at energy corporate advisory firm Simmons & Company…
With nearly 40% of today’s oil production coming from mature fields and this figure set to rise according to the Wood Report, maximizing recovery is high on the agenda of oil and gas operators. There is a significant portion of brown…
At the PETEX 2014 conference in London on 18 November, Oil & Gas UK announced the kick-off of two projects aimed at stimulating exploration on the UK Continental Shelf (UKCS) and appealed for further industry participation in the 21st Century…
A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the potential of the central North Sea. The first is an industry-wide review, led by the Department of Energy and Climate Change (DECC)…
French seismic firm CGG says the UK’s central North Sea is still rich in opportunities for the development and discovery of new fields, despite its relative maturity and the challenges is poses around seismic imaging, especially in the deep…
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