A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by Norway-based DNV GL has resulted…
The North Sea basin has a two-year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, 'A Sea Change.' While…
BP and Det norske oljeselskap have combined their Norwegian businesses to create Aker BP – a move that is expected to organically grow production to more than 250,000 boe/d by the early 2020s. Image from BP…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for appraisal well 7220/11-3 AR on its Alta discovery in the Barents Sea. The well will be drilled from the Leiv Eiriksson in production license PL 609…
Jobs supported by the UK’s offshore oil and gas industry, currently under the severe strain of continued low oil prices, will have fallen by the end of 2016 by an estimated 120,000 since their peak in 2014. New employment figures based…
Wintershall’s flagship development in Norway has reached a new milestone as the two giant subsea templates for the Maria field were installed offshore last week. The 285-tonne templates, each the size of a basketball court, sailed…
The European Commission (EU) has awarded more than US$4.4 million (€3.9 million) to support tidal energy testing and demonstration in Orkney waters. Magallanes test turbine installation at EMEC…
PGS’s newest Ramform Titan-class survey vessel, the Ramform Tethys,has made her first project a new world towing record by drawing the world's largest seismic spread. Image of the Ramford Tethys…
Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately Euro 150 million (US$170.48 million). Eni…
Drilling and engineering contractor KCA Deutag has sold its jackup drilling unit, the Ben Rinnes, to an integrated energy and services company for an undisclosed sum. Built in Clydebank, Scotland, in 1973 and acquired by KCA Deutag in 2005…
Some 28% of UK-based subsea industry firms have seen their sales drop by 50% of more since the start of the oil price collapse, according to a snapship survey by industry body Subsea UK. Yet, almost 80% of those surveyed said they were…
Statoil has made a minor gas/condensate discovery near the Krafla discovery in the Norwegian sector of the North Sea, according to the Norwegian Petroleum Directorate. The discovery was made on the Beerenberg prospect well 30/11-13, on production license 272…
Norway’s Petroleum Safety Authority (PSA) has issued orders to UK giant BP for its aging facilities on the Ula and Valhall fields in the North Sea. According to the order, BP must systematically review and map all areas and systems in respect of materials handling…
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
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