North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes. The cost of the development, which will see a floating production…
INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects. The facility, the firm's first reserves based lending facility, was secured…
Aker Solutions will provide engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field in the North Sea. The 56.4 MMboe Utgard tie-back consists of…
The 2017 Offshore Achievement Awards have been launched at this year’s Intelligent Energy Conference. Following a record 30th anniversary year (in terms of both entrants and attendees) for the awards in 2016, event organizers the Society…
'Embracing New Realities: Reinventing our Industry' has been announced as the central theme for SPE Offshore Europe 2017, set to take place in Aberdeen from 5-8 September 2017. Conference chair Catherine MacGregor, president, Reservoir Characterization Group…
UK demolition and decommissioning company DSM Demolition has unveiled plans to create a major development site in the Orkney Islands, off mainland Scotland, to take advantage of the expected boom in North Sea oil and gas decommissioning work…
Talks between engineering firm Wood Group and two unions over pay cuts and changes to allowances have resulted in a 'mutually agreeable proposal,' it has been announced. Nearly 400 workers in the RMT and Unite unions staged strikes earlier…
Production at Chevron’s Erskine restarted late last month in the central North Sea, following the completion of maintenance work at Shell’s Lomond platform. Erskine. Image from Chevron. Erskine…
ION Geophysical Corp. won an award for its ION in-field acquisition optimization services for all time-lapse, or 4D, towed streamer projects for the 2016 North Sea season. The company was awarded a total of five 4D projects, which include…
Aqualis Offshore, Aptomar and Kolos Marine have entered into a cooperation that will provide oil companies and rig operators with an integrated offering of marine operations and field monitoring services on the Norwegian continental shelf…
Statoil and Tullow Norge have entered an agreement for Statoil to increase its equity in four licenses on the Norwegian continental shelf (NCS), which includes the Wisting discovery in the Barents Sea. The deal includes Tullow transferring…
A new subsea company has officially launched with the announcement of its first UK contract. ROV and inspection company Rovco, based in Bristol, has secured a contract with a UK Marine Trust. The company, which says it has 10 ROVs…
Norwegian floating production firm Sevan Marine has been awarded a study to evaluate use of its cylindrical hull design for use on the Wisting field, the northernmost oil discovery offshore Norway. OMV is screening various floating alternatives…
Subsea umbilicals and power cables firm JDR has unveiled its horizontal lay-up machine (HLM) at its Hartlepool manufacturing facility. The HLM will enable JDR to provide the next generation of reliable and safe subsea connectivity to the oil…
Preparations are being made for the Transocean Winner to be transported as ‘dry cargo’ to Turkey, according to the Maritime & Coastguard Agency (MCA). Although contracts are still to be finalized, planning is under way for the rig, which is currently in Broad Bay in the Isle of Lewis…
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