A review of UK North Sea projects between 2011-16 has found that fewer than 25% were on time and 35% were over their original estimated budget, at field development plan submission. The review, carried out by the UK regulator, the Oil and Gas Authority (OGA)…
Spain's Repsol has cleared a hurdle to drill the Stordal prospect in the Norwegian Sea using Transocean's semisubmersible drilling rig Transocean Spitsbergen. The Petroleum Safety Authority has given the firm permission to drill the Stordal well 6705/7-1 in 1410m water depth…
Wintershall Norway has awarded AGR a feasibility study in the Barents Sea that will see AGR evaluate well design solutions. AGR will monitor and identify the optimum design, drilling, and testing techniques required to carry out efficient exploration activity…
Norway’s Petroleum Safety Authority (PSA) has given Aker BP consent to drill exploration well 24/9-11S on the Volund field with the Transocean Arctic in the North Sea. Aker BP is the operator of the Volund field, around 220km west of Tananger in Rogaland county…
Statoil has been given the green light to drill a well on the Mim prospect in the Norwegian Sea using the Deepsea Bergen drilling facility. Map of well 6507/3-12 A, from the NPD. Well…
Belgium marine contractor DEME has ordered a new, 300-tonne lifting capacity offshore transport and installation vessel, to be called Orion, from China's COSCO. The vessel is set to be delivered in 2019 and will be deployed by DEME’s…
Royal Boskalis Westminster has sold all of its remaining stake in Fugro. Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016. The reduction was accomplished through a successful accelerated bookbuild via which 7…
Audrey Leon chats with Schlumberger, Baker Hughes and Weatherford to learn about the latest technologies available for artificial lift. Dedicated Schlumberger surveillance engineers monitor alarms to prevent or mitigate adverse events…
Over enthusiasm in the recent floating rig building cycle has led to an ultra deepwater “hangover” that will take several years of recovery, says Liz Tysall and Oddmund Føre, of Rystad Energy. Transocean…
Ronnie Bains, of Emerson Process Management, explains how the use of dynamic simulations and operator training systems can support engineering and workforce training to help bring offshore assets online quicker. Glen Lyon sets sail from South Korea…
A seismic shift – pun intended – has been made in ocean bottom node technology. It is being made more efficient and cheaper to deploy, bringing it closer to challenging the high-end towed streamer market. Elaine Maslin reports. Miniaturization…
Artificial neural networks are being used to help design floating production system hulls in the concept and front-end engineering phases. Elaine Maslin reports. Libra and her possible smaller…
With more than 3 billion boe up for grabs, the race is on to find ways to unlock the remaining oil and gas in around 350 unsanctioned, and largely marginal, UK Continental Shelf discoveries. Emma Gordon reports on the latest developments…
Infield Systems’ Neda Djahansouzi gives a flavor of the forecasted fixed platform market in 2017-2021, while we let some figures speak for themselves. Sources: Infield Systems Over…
BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects set to come online this year, and eight projects that are currently under construction set for start-up in 2018-2021…
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