Prosafe has taken delivery of Safe Zephyrus semisubmersible accommodation vessel on 27 January 2016. The final delivery installment of the Safe Zephyrus has been reduced by US$30 million, which represents a seller’s credit from Jurong Shipyard…
According to a recent study by the UK’s Technology Leadership Board, there are 210 “small pools” of hydrocarbons (those containing less than 15 MMboe). While recognized, these pools, containing 1.5 billion boe in total, remain undeveloped…
Semi-state owned Danish energy company DONG Energy has decided to keep its exploration and production business ahead of floating on the stock market. But, the firm said its exploration and production business will have to 'adapt to the significant decline in oil and gas prices…
OSBIT Power has secured additional facilities at the Port of Blyth to deliver its largest project yet to Helix Energy Solutions, a world leading company in well intervention projects. In an agreement with the Port, the company will utilize…
Aberdeen headquartered QTEC Energy Services and Calgary headquartered Performance Fluid Management (PFM), both companies specializing in the management of drilling fluids on drilling installations, are merging to create a new company, FOCUS…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…
Accommodation vessel provider Prosafe is preparing to lay-up its vessel Jasmina, after remained off-hire offshore Mexico. The unit, built in 1982, at the GVA yard in Sweden to a GVA 2000 design, and with accommodation for 535 people, has been off hire since late February 2015…
Subsea cables and umbilicals firm JDR has been awarded a contract by Marathon Oil for the design and manufacture of 11.3km of power and static subsea umbilicals with accompanying termination hardware for the West Brae field. The full…
Aker Solutions won a front-end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Åsgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Åsgard A…
Lundin Petroleum has started drilling exploration well 16/4-10 on the Fosen prospect, offshore Norway. The well is about 27km south of the Edvard Grieg field and 11km south of the Luno II discovery. It will explore the Fosen prospect…
Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…
Despite the already difficult North Sea market and painfully high cost levels, a new research report published today by DNV GL reveals that more short-term cost cuts are expected in 2016. Sixty-five percent of UK respondents think mistakes made in previous downturns are being repeated…
JX Nippon E&P is gearing up to drill an exploration well on the Loanan prospect west of Shetland. The Japanese exploration firm has awarded Norway's Odfjell Drilling a contract to use the semisubmersible Deepsea Stavanger for the well…
The BW Athena floating production, storage and offloading (FPSO) vessel is to be demobilized from the Athena field in the UK North Sea next month. The move, which had been expected, will the see BW Athena leave the field Athena and Anglia fields…
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