Subsea 7’s revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image…
Total investment in oil and natural gas extraction in Norway was 21% lower in 1H 2016 compared with 1H 2015, a decline of about US$3.5 billion (NOK 20.9 billion). However, investment cuts have affected some segments of the industry more than others…
Sonomatic, a provider of automated ultrasonic inspection services, has developed a tool for the internal inspection of caissons. The integrity of caissons is critical to safe and efficient operation of offshore structures. As offshore facilities age…
Aker BP (formerly Det norske and BP Norway) has awarded Altus Intervention an up to nine-year frame agreement contract for well intervention services. Services, starting mid-December, included consist of casedhole wireline, slickline…
Dutch floating technologies firm SBM Offshore has been picked to provide a floating wind systems solution for a pilot project, offshore France. EDF Energies Nouvelles was selected by the French government last week to construct a pilot floating wind farm for its Provence Grand Large project…
Tullow Oil is moving to get its Jubilee project offshore Ghana on track by year-end, as it firms up plans to divest all of its Norwegian assets by 1H 2017. Image from Tullow. “We…
Repsol Sinopec Resources UK Ltd. (formerly Talisman Sinopec Energy UK) has exercised options to extend the charter of the Safe Boreas accomodation vessel by 44 days. In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector of the North Sea…
James Fisher Subsea (JF Subsea), a division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through use of asset-based remotely operated vehicles (ABROVs) on oil platform inspection programs in the North Sea…
Irish independent explorer Providence Resources has lost a Supreme Court application to appeal a decision which meant it was unable to recoup costs from a drilling campaign in 2011/12. Providence wanted to appeal a UK Court of Appeal…
Subsea services firm Bibby Offshore has completed one contract and has started a second for Shell on the major's Corrib gas field, offshore Ireland. The first contract, completed in June , saw Bibby Offshore’s construction support vessel…
Sweden's Vattenfall has won the tender to build Danish Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea. Kriegers Flak will be Denmark’s largest offshore wind farm. Vattenfall’s investment in Kriegers Flak will be EUR 1…
Statoil has been given approval to carrying out various well activities on the Njord field in the Norwegian Sea, about 130km north of Kristiansund. The Njord field has been developed using a semisubmersible drilling, accommodation and production facility…
OMV has entered a deal to sell its UK subsidiary, OMV UK, to Siccar Point Energy for up to US$1 billion in a move that will see the Austrian company give up its stake in the Chevron-operated Rosebank deepwater project in the North Sea. Image from OMV…
Norway’s Petroleum Safety Authority (PSA) has granted Statoil consent to use the Scarabeo 5 semisubmersible rig for well activities on the Njord field, in the Norwegian Sea. Statoil is the operator at Njord, around 130km north of Kristiansund…
CorPower Ocean was awarded a US$4.4 million (€4 million) grant by the European Commission (EC) for its WaveBoost project. The grant will support a three-year innovation program targeting significant improvements in the reliability and…
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