Norwegian drilling contractor Odfjell Drilling has sunk into the red and suspended 2014 dividents after taking a major write-down on its Deep Sea Metro assets. The firm's US$27 million loss comes despite the firm today (25 February) also announcing a large contract win on the giant $15…
INTECSEA has appointed JP Kenny director Dave Baker as Director of its UK operations. Baker (pictured) will officially join INTECSEA in April 2015, following more than 35 years' industry knowledge and expertise. His most recent role was Managing Director at JP Kenny…
Total E&P UK has awarded Technip an additional scope for the parallel development of the Glenlivet field close to the Edradour subsea development, about 75km northwest of Shetlands in the UK North Sea. The Glenlivet scope includes: fabrication and installation of 12in…
Statoil and its Johan Sverdrup partners awarded Aibel a US$1 billion contract for the engineering, procurement and construction for the deck of the drilling platform on the Johan Sverdrup field. Johan Sverdrup field…
Oil & Gas UK’s new report on offshore exploration, investment and production provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The…
Escalating cost facing the global upstream sector was a recurring theme in presentations on the challenges facing new E&P developments during IP Week in London in mid-February. Meg Chesshyre reports. An aerial view of the Laggan-Tormore development…
The Petroleum Safety Authority Norway granted Talisman Energy Norge AS consent for exploration drilling of well 15/12-24 at the Snømus prospect. Image of the Maersk Giant jackup. From Maersk. The well is located in production license 672…
Middle East orders are driving growth and filling newly built capacity at Sweden headquartered Atlas Copco’s newly upgraded and expanded UK systems facility. Atlas Copco Compressors’ largest ever UK designed and built custom engineered package…
Statoil is eying further opportunities in the Oseberg area after bringing its tenth fast-track portfolio project, the 77 MMboe recoverable Oseberg Delta 2, onstream. Oseberg Delta 2 is a two-template, 14km-long subsea tieback from the Delta terrace to the Oseberg Field Centre…
According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet (Tcf) of technically recoverable natural gas…
Dutch supplier Holmatro and its Norwegian dealer EIVA-SAFEX have jointly supplied 64 cylinders, each with a capacity of 536-ton, to the tension-leg platform (TLP) Snorre A. The firms also supplied the corresponding control and storage for the hydraulic system…
Petronas' bid to farm in to a Celtic Sea block offshore south east Ireland has been approaved by the Irish Government - the firm is now firming-up drilling plans. Through its 100%-owned subsidiary Kinsale Energy, the Malaysian firm will…
BP and Maersk Training singed a five-year contract that will offer advanced training programs for BP’s offshore drilling teams to be based in Houston, Texas. Maersk Training facility at Svendborg. From Maersk Training…
Norway's Petroleum Safety Authority has launched an investigation into a hydrocarbon leak on Statoil's high-pressure, high-temperature Gudrun field in the Norwegian sector of the North Sea which happened yesterday (18 February). Production…
Lime Petroleum Norway is to acquire an additional 20% in production licenses (PL) 591, 591B and 591C in the Norwegian Sea from Tullow Oil, increasing its holding in each to 25%. The licenses are operated by Tullow and an exploration well…
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