Offshore News

 

ME: Gas and technology hungry

Nov 09, 2014

Middle East upstream growth will continue despite the current oil price dip, and the region is technology hungry. Hugh Fraser, Managing Partner, Dubai, for law firm Andrews Kurth, explains.  The Middle East upstream market is growing…

Biggest UKCS round in 5 decades

Nov 06, 2014

The UK Government has announced that 134 licenses, covering 252 blocks, are being offered in the 28th offshore licensing round.   Statoil, Total, Nexen, and EnQuest have the largest haul of operated licenses offered. A large number of smaller…

Noble Energy sets Leviathan production date

Oct 31, 2014

Noble Energy has targeted an early 2018 start-up date for its giant Leviathan gas field off Israel, according to its 3Q earnings statement. In addition, the Houston-based independent received government approval for a gas delivery point for the field in the northern part of Israel…

Faroe takes step into Irish offshore

Oct 06, 2014

Faroe Petroleum has made its first move into the Irish offshore by picking up three new, two-year Licensing Options (14/1, 14/2 and 14/3) on the southern margin of the North Celtic Sea basin.  A work program, agreed with Irish authorities…

Continental to sell 51% stake in Norwegian affiliate

Sep 16, 2014

Continental Energy has reached an agreement for the sale of its 51% shareholding stake in Visionaire Energy (VEN) to Norway's Visionaire Invest for consideration of US$1.2 million. VEN is a holding company which owns a 49% equity interest…

ABS certifies SKF to provide condition monitoring services offshore

Sep 09, 2014

The ABS (American Bureau of Shipping) certified SKF USA Inc. with ‘External Specialist Recognition’ to provide condition monitoring services to the offshore industry. The recognition follows a practical demonstration of ‘Condition Monitoring…

JFMS secures MeyGen contract to complete tidal array project

Sep 08, 2014

James Fisher Marine Services has been selected by MeyGen to complete the offshore marine installation elements of the initial stage of the project (Phase 1A). The 398MW tidal array project in Pentland Firth, Scotland follows the agreement…

Offshore wind jackup efficiency challenge

Sep 02, 2014

The UK's Crown Estate has published its latest report aimed at improving the performance of the offshore wind sector, focusing on the more effective use of jackup vessels to help bring down costs in the maintenance of offshore wind turbines…

Biggest tidal array gets funding

Aug 22, 2014

Work is due to start in Q4 this year on what its backers are calling the world’s biggest tidal array after its owners agreed a £50 million funding package from the Scottish and UK Governments and the UK's Crown Estate.  The MeyGen project…

Aker signs new Aberdeen offices

Aug 12, 2014

Aker Solutions has agreed to lease a new office complex in Aberdeen on a 20-year contract as part of an expansion in the UK. The facility is under development and will consist of three interconnected buildings in the new Aberdeen International Business Park near Aberdeen airport…

Lundin takes North Sea stakes

Aug 12, 2014

Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…

Cluff eyes UK offshore UCG

Aug 12, 2014

UK-based Cluff Natural Resources (CNR) has been awarded three Conditional Underground Coal Gasification (UCG) licenses, Options for Leases and non-exclusive Exploration Licenses for two offshore deep UCG prospects offshore Durham and Cumbria…

Oman offers offshore blocks

Aug 06, 2014

Oman's Ministry of Oil & Gas (MOG) has announced an oil and exploration bid round which includes two blocks offshore. The two offshore blocks 18, 59 are being opened to bidders alongside onshore blocks 43A, 54, 58.  Block 18 is in…

Positive outlook

Aug 04, 2014

The HelWin Beta platform, on its way out to sea. Photos from HFG. The North Sea is set to continue to provide work for fabricators for 10-20 more years, says Heerema Fabrication Group’s CEO…

Tackling blast-proofing

Aug 04, 2014

An A60 fire door from InterDam. Just seven years after launching, fire- and blast- resistant door and wall manufacturer InterDam has added some impressive names to its project portfolio…

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