UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets. According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…
Eni has announced a restructure of its business into an “integrated operational structure”, under new business units. The new units will be: exploration; development, operations and technology; upstream; downstream and industrial. These replace the E&P…
Petrofac is set to continue to support EnQuest’s North Sea assets, after securing an operations and maintenance contract for up to 10 years. The contract, worth an estimated US$630 million, supersedes an initial five-year contract awarded to Petrofac in 2013…
Greenpeace activists who boarded the semisubmersible drilling rig Transocean Spitsbergen (pictured) 300km offshore Norway are now in the hands of Norwegian police, says Statoil. But, Greenpeace's ship, the Esperanza, has moved to the location where Statoil plans to drill…
Norwegian offshore services and shipbuilding firm Bergen Group and Calexco have finalized a deal which sees Bergen Group sell its majority interest in NorYards to Calexco. NorYards is now 70% owned by Calexco, and 30 % by Bergen Group…
Oil & Gas UK has published three new guidance documents on the management of ageing and life extension (ALE) of oil and gas installations on the UK Continental Shelf (UKCS). The technical guidance documents focus on three specific topic areas…
Specialist downhole tool provider Peak Well Systems has relocated its European regional headquarters to a newly constructed, office and workshop facility in Aberdeen which will meet the needs of its expanding North Sea business. Peak’s investment…
GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well. A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target. The well was spudded on 9 March 2014 and drilled to 12…
VNG Norge is to start a second sidetrack well to further assess potential at the Norwegian Sea Pil discovery after successful results were announced from an initial side-track appraisal well earlier this week. The second side-track well…
Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The two-year contract is valued at a maximum NOK1.8 billion, with options to extend the work by up to four years…
Maersk Oil UK has been given approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields. The fields lie about 293 km south east of Aberdeen in UK North Sea Blocks 30/13 and 30/14 (Flyndre and Cawdor) and Norwegian North Sea Block 1/5 (Flyndre only)…
Corac Group, the gas, air and energy technologies business, has extended its test facility at its Technology Centre in Slough, operated by its subsidiary Corac Energy Technologies (CET), with a “dirty gas” flowloop (pictured). CET develops…
In the largest maritime training contract ever to be awarded in Ireland, Chevron Shipping Co. signed a four-year training contract with the National Maritime College of Ireland (NMCI) and GAC Training & Service Solutions (GTSS), the maritime training arm of global shipping…
Greece-based Assodivers ordered an additional SMD Atom 100hp, 3000m-rated, work-class remotely operated vehicle (ROV) complete with launch and recovery system (LARs) from SMD. The new ROV system will be delivered 3Q this year and will…
In an interim management statement on 15 May, Cairn Energy plc announced that three executive directors would stand down, as part of the Company’s long term succession planning. Sir Bill Gammell, Founder and Chairman, Dr. Mike Watts, Deputy CEO…
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