With under four weeks until entries close for the 2016 Offshore Achievement Awards (OAA), Robert Gordon University students have been set a challenge to design the trophy which will be presented to winners at the 30th awards ceremony. Image: Last year's trophy…
Faroe Petroleum has completed an up to US$20 million deal to acquire Roc Oil (GB Holdings), which holds 12.5006% interest in the Blane field and a 12.00% interest in the Enoch field, both in the UK North Sea. Roc Oil GB is a subsidiary of Roc Oil Company…
Dutch engineering and fabrication firm Heerema Fabrication Group (HFG) has opened its new Heerema Innovation Center, where it plans to develop next-generation welding robots, and use latest gaming and data processing technology. The center is cloes to HFG's Zwijndrecht headquarters…
French geoscience firm CGG is to cut 950 jobs, or 13% of its staff, and reduce its vessel fleet amid the ongoing, prolonged oil price drop. CGG has already been implementing a fleet reduction program, since announcing its “Transformation Plan” at the end of 2013…
Lundin is on track to start up tohe Edward Grieg field this month after Norway's Petroleum Safety have the firm the green light for start-up and operation. The Edvard Grieg field is 35km of the Grane and Balder fields in 110m water depth…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
Image from Oil and Gas Authority. Patrick Brown, chairman of the Oil and Gas Authority (OGA), has confirmed the appointment of three non-executive directors to the OGA board. Mary Hardy…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…
Seatronics has formed a new partnership with Norwegian subsea tooling firm LateraL, which specializes in improving offshore performance through its product range. The LateraL FlexiCal ROV mounted caliper…
Master Marine’s subsidiary Jacktel signed a US$178 million contract with Statoil and the Johan Sverdrup license partners to provide jackup accommodation services on the Johan Sverdrup field, offshore Norway. Image of the Haven jackup…
Italian giant Eni is set to net US$507.8 million (€463 million) from the Saipem stake sale to Fondo Strategico Italiano (FSI). Descalzi. Image from Eni. The price for each Saipem share has been valued at $9…
Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…
Image: Eni Goliat illustration overview/Eni Lankhorst Ropes Offshore has overseen the installation of the mooring ropes for the Goliat FPSO (floating production storage and offloading) for Eni Norge…
VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum. Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…
The contractual regulation of liability through knock-for-knock clauses has been an important feature of North Sea offshore contracts for many years. But a recent judgment by the Norwegian Court of Appeal demonstrates that the agreed liability…
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