Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…
DNV GL has launched a JIP to assess how hybrid power concepts used in the maritime industry could be used in the offshore oil and gas sector. Hybrid power concepts use batteries in combination with traditional power generation equipment…
Norwegian mooring solutions and services firm Deep Sea Mooring (DSM) is backing a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the floating production, storage and offloading vessel segment…
TGS and Electromagnetic Geoservices (EMGS) have agreed to further expand the companies' previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic (EM) data over four additional blocks in…
Wood Group and Siemens Energy Service have received all the necessary regulatory approvals to close the previously announced joint venture between the Gas Turbine Services (GTS) business of Wood Group and the Siemens Energy Service TurboCare business unit…
RWE Dea and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a joint study agreement to evaluate the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea. The agreement was regarding the joint evaluation…
More than 170 applications have been received for the latest offshore licensing round in the UK, the Department of Energy and Climate Change (DECC) says. The 28th Offshore Oil and Gas Licensing Round closed for applications on Friday 25 April…
UK heavy oil explorer Xcite Energy has entered into a collaboration agreement with Statoil and Shell over the Bentley and Bressay fields in the North Sea. The move could see the two heavy oil fields developed using the same infrastructure…
Transocean is to create a new business unit called Caledonia Offshore Drilling Company to run its eight-strong North Sea midwater drilling rig fleet. The company expects to establish the new business unit during 2H 2014 and, at an appropriate stage…
Wood Group subsidiary Wood Group PSN has put its money where its mouth is and announced plans to address cost escalation in the North Sea by reducing rates paid to its UK-based onshore contract workers. The firm said the move was in response…
Umbilical, cable, and IWOCS firm JDR is increasing its global footprint with the opening of a new service and maintenance facility in Brazil. The JDR facility will be the latest addition to the bustling port city of Macaé when it opens for business in Q3 of 2014…
The first meeting of a new knowledge-sharing forum on subsea integrity management practice will take place in Houston during OTC week. The SURF IM Network is being led by Wood Group Kenny with support from the Industry Technology Facilitator (ITF) and 13 operating companies…
Craig International Supplies (CIS) has been awarded new contracts with Shell which will almost double the turnover of its business. The contracts will increase the international reach and buying power of the procurement division of Scottish family-owned energy services and shipping firm…
EMAS AMC have awarded welding specialist Serimax a long-term frame agreement to provide comprehensive welding services for their global spool base operations. EMAS AMC said the global frame agreement will further strengthen its…
Emerson Process Management has today announced the successful first deployment of its Roxar Downhole Wireless PT Sensor System. The new instrument has been deployed as part of the completion on Statoil’s Skuld field in the Norwegian North Sea…
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