The Ministry of Economic Development of Italy informed Rockhopper Exploration that the production concession covering the Ombrina Mare field area will now not be awarded, despite the Ombrina Mare project having completed all the required technical and environmental authorizations…
Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
Norwegian giant Statoil handed out several contracts worth more than US$185 million (NOK 1.6 billion)for its Oseberg Vestflanken 2, Johan Sverdrup, and Ging Krog fields offshore Norway. CEO Steinar Riise is signing the contract for Ocean Installer…
2015 was a wake-up call and 2016 is probably going to be our most challenging year, this morning’s Subsea Expo was warned. Subsea UK CEO Neil Gordon. Image from Subsea UK Twitter. And the future isn’t looking much easier…
Subsea 7 has won a three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea, Dana Petroleum (E&P), Hess Denmark, Nexen Petroleum UK, Talisman Sinopec Energy UK and TAQA Bratani. Under the frame agreement…
It's new engineering consultancy io's first year at Subsea Expo. We spoke to the firm's COO Mark Dixon about the show and the wider industry. What brings you to Subsea Expo? In our first year of business as io, the oil price has…
Allspeeds has supplied Webtool Emergency Disconnection Tools (EDT) to AKOFS Offshore for its subsea equipment orientation system (SOES) used to install subsea trees, the firm revealed at Subsea Expo, Aberdeen, today. The Webtool EDT is…
Lundin Petroleum secured up to US$5 billion in a seven-year deal to fund the company’s stake in Statoil’s giant Johan Sverdrup project, offshore Norway. Johan Sverdrup rendering. Image from Lundin Facebook…
A new set of standards for the design and operation of tidal turbines has been published based on the outputs of a project in the Energy Technologies Institute’s (ETI) marine technology program. The new certification standards will apply…
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5…
Songa Offshore is planning to cut up to 200 staff and shut its offices in Aberdeen and South Korea, the firm announced yesterday. The company said the US$30 million-saving move, which will see support functions centralized out of Norway…
The Scottish government has pledged £24.5 million in support for the North Sea oil and gas industry in Scotland. The funding, unveiled by First Minister Nicola Sturgeon, comprising £12.5 million to help oil and gas firms research and…
Europe's biggest subsea-focused industry event kicks off tomorrow. Of course the oil price and low levels of activity in the industry will be on everyone's minds. OE, principal media sponsor for Subsea Expo, spoke to Neil Gordon, CEO of conference organizer Subsea UK…
Falling production efficiency has become a thorn in the side of the UK North Sea oil and gas industry. Is the industry getting to grips with its efficiency issues and, some ask, is it really that bad? Elaine Maslin reports. According…
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