Trelleborg’s applied technologies operation in Rochdale, England, has signed a framework agreement with i-Tech Services, a Subsea 7 company, to deliver buoyancy products for remotely operated vehicles (ROV). This is the first formal framework agreement for the supply of ROV buoyancy…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to use the Songa Encourage semisubmersible drilling rig for the drilling and completion of wells at Åsgard and Heidrun in the Norwegian Sea. The consent covers production drilling…
Statoil is suspending the use of another vessels this week, this time with Dolphin Drilling’s Bideford Dolphin mobile drilling facility. Dolphin Drilling, a subsidiary of Fred. Olsen Energy, received notice of suspension from Statoil for the rig…
Technip and FMC Technologies announced that the pending US$13 billion merger transaction between the companies has received an early decision from the United States antitrust regulators under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)…
The decision by 52% of the voters in the EU referendum last week to vote to leave the EU has had far-reaching impact across the globe. The oil and gas sector, bruised from nearly two years of low oil prices, is bracing itself for the fall out…
A floating storage unit built to serve the Mariner heavy oil field in the UK North Sea has set sail from its yard in Korea. The Mariner B vessel was built at the Samsung yard in South Korea. Before reaching the North Sea the FSU will sail some 15…
SeaBird Exploration signed an agreement to supply one 2D vessel for an upcoming survey in North West Europe during this coming summer season. The project is due to commence early Q3 2016 and will run for approximately 2 months.
Aberdeen-based oil and gas technology firm LUX Assure has secured a £2.4 million second round investment, which will allow the company to accelerate strategic growth, internationalization plans, and further key technology developments. The funding was provided by Chevron Technology Ventures…
DONG Energy has decided to build the German offshore wind farm Borkum Riffgrund 2, which is expected to be fully commissioned in 1H 2019. With this decision, DONG Energy will reach 6.7GW of installed offshore wind capacity, exceeding the 2020 target of 6…
The British public has spoken - as have the oil, money and stock markets. With a narrow margin, the leave campaign in the UK's referendum to stay in or leave the EU won by 52% to 48%, ending the UK's 43-long membership in the EU. Shares on the FTSE 250 index dropped 11…
If cost reduction in the industry goes far enough, it could start to unlock new projects, with net positive effect for the industry, the industry’s leading economist said last night (23 June) in Aberdeen. But, both Professor Alex Kemp…
An investigation of a well control incident at Visund A that halted production at the field and evacuated workers in March has been completed by Norway’s Petroleum Safety Authority (PSA), revealing several regulation breaches at the Statoil-operated North Sea platform…
Maersk Group has appointed Søren Skou as its new chief executive officer, effective 1 July 2016. Image of Skou, from Maersk. Skou will replace Nils S. Andersen, who will leave the Maersk Group…
UK-based small cap player Nordic has Energy has announced it is looking to wind up the company. The firm has instructed accountants Turpin Barker Armstrong to lead the insolvency proceedings. The Company listed on the ISDX Growth…
Wood Group Mustang has been chosen by the Leviathan partners to provide the front-end engineering and design (FEED) work for the Leviathan project’s production platform in a US$120 million deal. Image from Wood Group Mustang Twitter…
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