FMC Technologies reported a 15% increase in revenues and its highest quarterly subsea margins in four years, thanks to its Subsea Technologies division. Subsea Technologies saw a 16% increase in Q3 revenue, at US$1.3 billion, compared to the previous quarter…
Lundin Petroleum shows how the production platform for the Edvard Grieg field has moved from the drawing board to reality, and is now beginning to resemble a real offshore platform. First oil from the field is scheduled during the 4Q 2015…
Five major helicopter operators today announced a new industry association – HeliOffshore – for organizations with an interest in working together on safety in offshore helicopter transport. The new association was introduced today at a launch event at its offices in London…
Malcolm Webb, Oil & Gas UK chief executive, will retire in 2015. Webb. From Oil & Gas UK. Oil & Gas UK says the exact date of his departure is yet to be agreed, but will be within…
NEL has invested more than £0.5 million in the development of its Glasgow-based Wet Gas Facility. The investment has created the UK’s only independent commercial test facility able to test meters to such high flowrates for wet gas conditions…
Statoil discovered new oil resources in the D-structure at well 25/8-18 S in PL169, near the Grane field, in the North Sea. Map from Statoil. The D-structure is located on the Utsira High…
Total's CEO Christophe de Margerie has died in a plane crash at Moscow's Vnukovo Airport just after 10pm (Paris time) last night (20 October). The 63-year-old was on a Dassauly Aviation SA Falcon business jet, which was bound for Paris…
OMV announced that Gerhard Roiss will resign from his position as chairman of the executive board and CEO, effective 30 June 2015. OMV's Supervisory Board has started the process to identify suitable candidates for the succession as CEO…
BP is due to restart production at the high-pressure, high-temperature (HPHT) Rhum gas field in the UK North Sea, four years after the field was shut in due to Western sanctions against its 50% owner, Iran. A BP spokesperson said today that production was due to restart soon…
UK heavy oil explorer Xcite Energy has entered into a memorandum of understanding (MOU) with oilfield services firm Baker Hughes. The MOU sets out principles for the provision of oil field services for the UK North Sea Bentley heavy oil field…
Lundin's Vollgrav South exploration well 33/12-10 S in production license 631 in the northern North Sea has been plugged and abandoned after it was found to be dry. The well was drilled about 150km west of Florø, between the Statfjord and Gullfaks fields…
A2SEA's purpose-built offshore installation vessel the Sea Installer is to be used to installed the 67, 6MW Siemens wind turbines on the 402MW Dudgeon Offshore Wind Farm in the UK for Statoil, Masdar and Statkraft. Work will start on the Dudgeon Offshore Wind Farm…
Viper Subsea exhibited its latest innovation in Aberdeen this week. The V-LIM is a line integrity monitor that provides extremely accurate electrical integrity data across a wide range of insulation resistance levels and can be readily integrated…
FMC Technologies, Inc. received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area. FMC Technologies' scope of supply consists of subsea equipment including manifolds and associated connections and controls equipment…
RWE’s sale of its exploration and production subsidiary RWE Dea AG to a Russian investor is still going ahead, the firm says, despite a question mark over the UK assets involved. The US$7 billion deal, with Russian-backed LetterOne Group…
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