US explorer Park Place Energy has completed the US$2.1 million acquisition of three Turkish companies, the Tiway Companies, from Tiway Oil BV. Image from Park Place Energy. The…
Steve Hall is to replace Bob Allwood as CEO of the Society of Underwater Technology (SUT) this April, following Allwood's retirement after seven years in the post. Hall has been chairman of the SUT's Education and Training Committee for…
Songa Offshore's newbuild semisubmersible drilling rig Songa Encourage has been taken close to Kristiansund, Norway, for equipment overhaul and repair following a water ingreses into a pump room on 2 January. The rig is expected to be back in operations early February 2017…
Statoil is set to drill its next well, on the Mim prospect, near the Norne field after being given the green light by the Norwegian Petroleum Directorate. Statoil will use the Deepsea Bergen semisubmersible drilling rig to drill well 6507/3-12 in production license 159 B…
ScottishPower Renewables has awarded Van Oord the contract for East Anglia ONE offshore windfarm by ScottishPower Renewables (part of the Iberdrola Group) for the transport and installation of 102 three-legged jacket foundations. The new wind farm…
Baker Hughes and Schlumberger are to be awarded contracts for integrated drilling and well services on Statoil's two new Cat J jackup rigs, Askepott (translated as Cinderella) and Askeladden (a character from Norwegian folklore). The…
The UK's Oil and Gas Authority has approved a license renewal for the Bagpuss and Blofeld License P.1943 into a second, four-year term. Maersk Oil North Sea UK has now dropped out of the license, with its 25% interest being reassigned to the remaining partners…
Consultants who were active in the exploration and production sector sector in 2013, but not currently working due to the cutbacks in the industry, would take a day rate that is 39% lower, according to OPC Consultant Market Report 2016. OPC's…
Natural resources consultancy Wood Mackenzie says it expects a modest recovery to the oil and industry in 2017, underpinned by an improving oil price. Growth opportunities, including frontier exploration, small project sanctions and increased M&A…
Cairn Energy is moving to further explore Senegal, and working towards first oil in the North Sea this year, in what the company calls an eventful period. The Kraken FPSO, from Cairn. “The…
Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar. Hywind illustration, from Statoil. The wind farm offshore Peterhead in Aberdeenshire…
TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip. Image from TechnipFMC. Beyond today's pressures on the oil and gas industry…
Offers for 56 new production licenses on the Norwegian continental shelf are being made to 29 companies, 17 of which are operators. The offers are being made after 33 companies applied in the Norwegian Petroleum Directorate's (NPD) the Awards in Predefined Areas (APA) 2016…
North Atlantic Drilling has been awarded a one-well contract for the semi-submersible West Phoenix for work in the UK, West of Shetland. The contract is in direct continuation with the West Phoenix' existing contract and the total backlog is estimated to be $17 million…
Industry champion David Doig has died at age 57 after suffering a heart attack. Doig was CEO of OPITO, the global oil and gas industry skills, standards and workforce development organization, and was based in Dubai. He died in a hospital in Fife…
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