British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.The Kraken oil and gas field in the British North Sea is EnQuest's largest producing asset…
TechnipFMC announced Monday it has acquired a newbuild diving support vessel (DSV) Deep Discoverer. The vessel will primarily service the North Sea diving construction and inspection, repair and maintenance (IRM) markets.The company signed a…
Maersk Supply Service said it has fixed the newbuild subsea support vessels vessel (SSV) Maersk Involver for 161 days to support maintenance of the DAN F platform located offshore Esbjerg for walk-to-walk and accommodation services. The contract is expected to commence start-April 2019…
British oil and gas production rose 4 percent to 1.7 million barrels of oil equivalent per day in 2018 compared with the previous year, according to the Oil and Gas Authority, an industry regulator.'The Oil and Gas Authority (OGA) now projects…
The provider of offshore mooring and subsea services, Delmar Systems said it completed an eight-line disconnect of the mooring system on Seadrill’s West Phoenix semi-submersible drilling rig on the UK Continental Shelf, using its RAR Plus Technology…
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan…
Clean, green offshore wind is set to power more than 30% of British electricity by 2030, Energy and Clean Growth Minister Claire Perry announced yesterday (7 March 2018) with the launch of the new joint government-industry Offshore Wind Sector Deal…
Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday.Cost cuts were high on oil firms' agenda following a sharp fall in crude prices in 2014…
The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment.The company said its Atlantic region has been awarded a contract by…
The start-up of Equinor's Mariner heavy oilfield in the British North Sea is expected to be delayed again until the fourth-quarter of 2019, two sources familiar with the project told Reuters.The field, discovered in 1981 east of the Shetland Islands…
One person died and two people were injured when a crane collapsed at an Italian offshore oil platform run by Eni, the oil and gas major said on Tuesday.The crane was in operation when it toppled from the Barbara F platform, about 60 km (35 miles) off Ancona…
Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea…
Electromagnetic Geoservices (EMGS) said it has entered into final contracts with Equinor for a range of seismic data across the Norwegian continental shelf.The final deal includes both licensing of Barents Sea, Norwegian Sea and North Sea data from EMGS’s existing multi-client library…
An investigation into the November 2018 fire aboard the mobile drilling facility West Phoenix has uncovered the cause of the incident as well as several regulation breaches, the Petroleum Safety Authority Norway (PSA) said on Monday.The fire…
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