Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…
As the last throes of winter ushered in the grey, misty weather upon the mighty Mississippi River in early March, a soon to be familiar visitor in the Gulf of Mexico sat docked at the Port of New Orleans, Island Offshore’s newbuild subsea support vessel Island Performer…
Italian operator Eni has backed a move to replace Saipem CEO Emberto Vergine with former Saipem and Eni executive Stefano Cao. Cao was worked at Saipem, which is 42.924% owned by Eni, from 1976 to 2000, during which time he held senior roles including CEO…
Saipem has entered into a joint venture with Dangote Group, one of Africa’s leading companies, to create a new company named Saipem Dangote E&C. Image from Saipem. Saipem Dangote E&C…
Exploration and production executives are facing a bleak year with tough budgets – but the mood wasn’t all doom and gloom at IP Week. Solutions are being suggested – as Meg Chesshyre reports. Yves-Louis Darricarrère…
Consideration is being given to new tax incentives to encourage enhanced oil recovery schemes in the UK North Sea. Elaine Maslin looks at an assessment of EOR economics. Professor Alex Kemp. As production declines…
EOR is taking off offshore, yet scientists at the University of Aberdeen believe more work needs to be done to understand the link between reservoir properties such as wettability and fluid flow to help in order to truly benefit from EOR…
Ask about subsea well intervention and most assume it’s riserless light well intervention you want to talk about – for good reason. Elaine Maslin reports. Subsea light well intervention visualized by FMC Technologies…
Subsea UK has launched a new market intelligence service to help subsea companies exploit global opportunities. The industry body, which represents the UK’s £9billion subsea sector, has developed SubseaIntel – a unique on-line database…
Well drilling and management specialists Acona UK have completed a two-well campaign for Perenco UK in the Southern North Sea. The seven-month campaign, using the Transocean GSF Monarch jackup, drilled a subsea well on the Leman field…
The Society of Petroleum Engineers (SPE) Aberdeen Section has appointed Shankar Bhukya as its new chairman, taking over from Ross Lowdon who has stepped down due to re-location to Houston. Beginning his career as regional applications engineer at Smith Services in Aberdeen…
BG Group has awarded Aptomar a contract to provide field monitoring services at the operator’s Knarr field on the Norwegian continental shelf. As a result, Aptomar will establish a new marine control center in Trondheim, Norway. Under the five-year contract…
Kristian Siem was early in his career when in 1978, with the market at rock bottom, he formed an investment group to take a punt on a rig. Now 65, the founder and chairman of Siem Industries, and chairman of Subsea 7 and Siem Capital, as well as director of a host of other companies…
Unique fields deserve equally unique intervention solutions when production begins to wane, this was the challenge Stone Energy had to meet when it contracted Cross Group to develop new methodology and technology for its Pompano subsea production template…
Sir Ian’s Wood Report, published last year, identified technology as an integral component to ensuring the success of maximizing the economic recovery of the UK Continental Shelf (MER UK). As the Wood Report states, new field discoveries…
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