Premier Oil’s Sea Lion project is on the path to being sanctioned next year following substantial progress, with first oil targeted in 2021, according to partner Rockhopper Exploration. Sea Lion schematic Phase 1…
What is thought to be the world’s first commercial controlled-from-onshore ROV operations started at IKM Subsea headquarters in Norway this week. Soon, up to three work class ROVs and one observation ROV on Statoil’s Snorre B and Visund…
TechnipFMC has been awarded an extension to its ongoing engineering, procurement and construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure…
The key to governing a late life oil province like the North Sea is getting the balance right between initiatives to maximize recovery in late life assets with the practicalities of planning for decommissioning. Fail on the first and…
Sevan Marine has sold its remaining 51% stake in Kanfa to Technip Norge for nearly US$240,000 (NOK $2 million). In February, Sevan received a formal notification of Technip Norge’s intention to exercise their option to buy Sevan Marine’s remaining shares in Kanfa…
Ocean Yield has agreed to acquire two platform supply vessels (PSVs) from BP Shipping for a total consideration of US$105.4 million. Both vessels are on long-term charters to Aker BP.NS Orla. Image from Golden Energy Offshore.The two vessels…
Faroe Petroleum has announced positive results from its Brasse appraisal well in the Norwegian North Sea, confirming Brasse as a commercial discovery. The firm says it now plans to perform a drill stem test (DST) and potentially side track the well…
Improvements in oil and gas contractor confidence both on the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, according to an industry report released today…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens. Image of the Global Ship Systems Center, from ABS. “This…
TAQA Bratani has awarded Odfjell Drilling a contract for platform drilling and maintenance services on five of its platforms in the UK North Sea. The contract period is two years, with additional yearly options. The contract is planned to start Q3 2017…
Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Wood Group will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities…
Shearwater GeoServices Norway received a letter of award (LOA) from Wintershall Norge for a 3D survey of Blocks PL 768/768B in the Barents Sea. The Polar Empress, from GC Rieber. The…
Sercel’s multi-sensor solid streamer, the Sentinel MS, has been commercially deployed for the first time and is being operated on a large 3D CGG multi-client survey being conducted by the CGG Geo Coral in the Southern Porcupine Basin in Ireland…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
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