Claxton Engineering was awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf, enabling a field operator to extend the economic life of its platform and well assets. Claxton’s Dubai office will perform diamond wire cutting and subsea drilling and pinning…
UK North Sea production is expected to remain flat in 2014, marking the first time in 15 years the industry has not seen a production decline in the basin. Production declines on the UK Continental Shelf had been steadily dropping at a rate of 7-8% per year…
Aberdeen’s Ashtead Technology launched a first-of-its-kind subsea training academy in Aberdeen in the world-renowned subsea center of excellence at Westhill. Ashtead has invested more than US$804,000 in theAshtead Subsea Technology Training…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
The State Oil Company of Azerbaijan Republic (SOCAR), confirmed in a statement that four employees died in a platform accident on 23 October. According to SOCAR's statement, 'The dead bodies of three of the four employees, missing after…
EnQuest awarded Technip a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400km northeast of Aberdeen and 130km east of Shetland, at a water depth of approximately 120m…
Even as European stalwarts like Statoil champion for a standardized, “Lego-style” subsea factory, it was the topic of the day at the Houston Technology Center’s Deepwater Technology Symposium. Speakers from DeepStar, FMC Technologies…
Energy services company Proserv has signed an agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Riverstone Global Energy and Power Fund V, LP, in partnership with Proserv management, will acquire 100% of Proserv shares from Intervale Capital…
RossOffshore AS, based in Bergen, Norway, has been awarded long-term helicopter services contract with Lundin Norway AS and the Det norske oljeselskap ASA. The three-year contract is to book personnel for flights offshore Norway, and includes three x two-year options to extend…
The Danish Energy Agency (DEA, Energistyrelsen) reported record interest from oil and gas companies in the upcoming licensing round for blocks in the North Sea. DEA received 25 applications from 15 oil companies, and several applicants have not previously held licenses in Denmark…
GDF SUEZ E&P and BP have made an oil and gas discovery spanning two blocks in the in the UK Central North Sea. The discovery well 30/1f-13AZ, which spans GDF SUEZ-operated Block 30/1f (license P1588) and BP-operated Block 30/1c (license P363)…
ConocoPhillips kicked-off the drilling campaign on its Eldfisk II project with Maersk Innovator. Five wells have been pre-drilled, and the drilling operations of the remaining 35 wells has now begun. Eldfisk II is one of four fields that comprise the Greater Ekofisk Area…
CAGE, Centre for Arctic Gas Hydrate, Environment and Climate selected Kongsberg Maritime to develop and deliver two ocean observatories. Jürgen Mienert (Director CAGE, left) and Arild Brevik (Konsberg Maritime)…
Total’s board of directors has appointed a new CEO, following the death of its chairman and CEO Christophe de Margerie (pictured right) in a plane crash in Moscow late on Monday night. Patrick Pouyanné, Total’s President of Refining & Chemicals…
Italian industrial group Lucchini has agreed a deal to acquire a 49% stake in fellow Italian steel forgings firm Mamé Group, with a clause which could see it take on more share, to gain a controlling stake, in 2017. Mamé Group, based…
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