Old and partly lost slots that were given up as providers of new production triggered new solutions for Statoil’s Snorre B. The result was three wells with an average price of US$21.6 million (NOK 170 million), compared to NOK 490 as reference base…
Oil major Shell has said it is to cut around 475 jobs from its UK and Ireland business by the end of this year as it further reduces its cost base. The firm has already announced more than 10,000 jobs cuts globally, including some 2800…
A new company focused on the plugging and abandonment of wells in the North Sea’s decommissioning sector has been set up by three oil and gas industry veterans. Aberdeen-based Well Decom has been launched to help companies manage costs…
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a substantial contract win with Apache North Sea to provide subsea construction, ROV and diving services at the largest oil field in the North Sea…
The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie. 'Although decommissioning in the North Sea has been an impending reality for some time…
Woodside and partner Petrel Resources have received environmental approvals from the Department of Communications, Climate Change, & Natural Resources (formerly the Department of Communications, Energy & Natural Resources) earlier this month…
Technip’s wholly-owned subsidiary Technip Umbilicals has been awarded a contract by Statoil to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. This field is about 8km northwest of the Oseberg field center at block 30/9-30/6 on the Norwegian continental shelf…
Testing, inspection, certification and consulting engineering group Rina has purchased the Edif Group, which includes the ERA engineering consultancy and the NDE testing, inspection and certification business. Image of Salerno (right) and Tim Dunn…
Wave Energy Scotland (WES) has initiated a new project with the European Marine Energy Centre (EMEC) to capture the wealth of knowledge and experience amassed in Orkney through testing wave energy devices in real sea conditions. Results…
In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors which could be used to…
Siemens has received a further order for an offshore wind power plant in Scotland. The company is to supply, install, and commission 84 wind turbines, each with a 154m rotor diameter designed to generate 7MW of power, for the 'Beatrice' project…
Greek exploration and production firm Energean Oil & Gas has secured a US$75 million loan from the European Bank for Reconstruction and Development (EBRD) to support the company’s ongoing $200 million investment plan in the Prinos and Epsilon oil fields offshore northern Greece…
Wintershall Norge has drilled one dry well and another with poor reservoir quality in the North Sea near the Vega field. Well 35/8-6 S on the Vikafjell North prospect was dry and sidetrack well 35/8-6 A on the Robbins prospect was of poor reservoir quality…
Statoil has decided to cancel the contract with Seadrill for the West Hercules semisubmersible drilling rig. The rig has been on contract with Statoil since 31 January 2013, performing an exploration campaign offshore Newfoundland in Canada for the past 18 months…
Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea. The contract, worth in the region of US$100 million…
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