UK-based independent Premier Oil has completed its deal to by E.ON's UK North Sea assets. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of US$120 million…
Subsea mooring specialist, First Subsea, has achieved American Bureau of Shipping ABS 2009 Approval for its larger R4 steel forgings up to 562mm diameter. According to First Subsea, these are the largest diameter forgings to have received the approval…
In this video, Statoil shows the Aasta Hansteen platform taking shape in the Norwegian Sea. Earlier this month, the third mega block was lifted into place, weighing 5700 tons. The hull will be 200m long and have a diameter of 50m…
Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations in the next few days. Image of the FPSO Prof…
Petrofac has been awarded a duty holder contract from BP to support the late life management of the Miller platform, in the UK central North Sea. The contract is for 'life of asset' but has a four-year ceiling at which point extension options will be reviewed as required…
Paris-headquartered subsea and engineering house Technip has come out of Q1 2016 with a better than expected profit, but its CEO expects front end market activity to remain damp until late-2016, early 2017. Meanwhile, Subsea 7 has seen…
Italian firm F.lli Righini has been awarded a new contract by BP for four umbilical handling and lay packages in the Caspian region. The contract, awarded by BP's Shah Deniz business unit, is for the Shah Deniz Phase 2 project in the Caspian Sea…
German multinational Siemens has received its largest order for its 7MW turbine to date. The company is to supply, install and commission 102, 7MW wind turbines, each with a rotor diameter of 154m, for the East Anglia ONE project, led by ScottishPower Renewables…
Amec Foster Wheeler has appointed Halliburton's senior vice president, Dr. Jonathan (Jon) Lewis, as its new chief executive officer, with effect from 1 June 2016. On the same day Ian McHoul will cease to be interim CEO, and will remain as CFO…
A new report from DNV GL paints a very automated future for many oil and gas processes and sectors. Melissa Sustaita sets out the details. Sames. Image from OE staff. Over the…
Aker Solutions and ABB have agreed to work together on subsea processing solutions, bringing together their strengths in subsea, power and automation technologies. The cooperation will integrate Aker Solutions' subsea capabilities and…
Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…
Maersk Oil has awarded Datum360 a four-year contract to implement Software as a Service (SaaS) solutions for the Culzean development in the UK North Sea. The key component of the solution, PIM360, will be at the centre of Culzean’s engineering data management…
Statoil has entered into the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announce the final investment decision on the 385 MW project. The estimated total investment for the project will be in excess of US$1…
Siemens has received an order for the supply, installation, and commissioning of 60 direct-drive offshore wind turbines, each with a capacity of 6MW. The customer for the project is a consortium between the German power provider E.ON, based in Essen…
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