New business models able to handle ongoing volatility in the oil price are set to be the future of the North Sea industry, according to the CEO of Det Norkse. Karl Johnny Hersvik is set to lead a new company, Aker BP, which has been described as a “super independent…
Netherlands Enterprise Agency has awarded Fugro has been awarded a geotechnical site investigation survey contract for the Hollandse Kust (zuid) Wind Farm Zone, in the Netherlands. This follows previous contracts awarded earlier this…
Mads Andersen will take over as the new president and CEO of Stavanger-based oil services firm Aibel, effective 1 January 2017. Jan Skogseth, Aibel's current president and CEO, since 2008, plans to retire. He will hold an advisory role in the company until spring 2017…
Offshore wind is headed toward new highs with the North Sea region serving as the backbone of the global market, says Douglas-Westwood’s Celia Hayes. Image from iStock. The offshore…
Polarcus has received a letter of intent for an XArray project in the Norwegian-Barents Sea for an undisclosed client. The survey is due to commence in August 2016, after required authorization has been obtained, and will run for approximately four weeks…
Norway’s Ministry of Petroleum and Energy has given Statoil the green light to move forward with the development of its unmanned Oseberg Vestflanken 2 project that is expected to tap some 110 MMboe in the North Sea. Illustration…
Siemens has begun construction at its new wind turbine plant in Cuxhaven, one year after the initial investment decision. Soil compaction and the preparation of the pile foundation, with 1900 concrete piles, have already been completed. Construction…
The Norwegian Petroleum Directorate (NPD) has granted Eni Norge a drilling permit for the Aurelia wildcat well, 7222/1-1, in the Barents Sea. Well 7222/1-1 will be drilled from the Scarabeo 8 drilling facility in production license 226…
Antrim Energy subsidiary Antrim Exploration (Ireland) received formal approval from Ireland’s Department of Communications, Energy and Natural Resources (DCENR) of its application for a 100% working interest in frontier exploration license (FEL) 1/13…
The Irish Minister of Energy has granted consent to Europa Oil & Gas for the transfer of interest in and operatorship of, Frontier (FEL) 2/13 and 3/13 from Kosmos Energy Ireland. Europa now has 100% interest in, and is operator of seven licenses in the Atlantic basins offshore Ireland…
Four individuals from the operating and contracting community have been chosen as the winners of this year’s Underwater Technology Foundation (UTF) Subsea Award for their efforts in seeing a new technology through qualification and into engineering…
Statoil spudded exploration well 30/11-14 Slemmestad in the North Sea last week, according to the Norwegian Petroleum Directorate. The Slemmestad well is located in PL 272/PL 035 some 20km south of the Oseberg field and approximately…
The Norwegian Petroleum Directorate (NPD) has granted its consent to Statoil and its partners in Gullfaks production license 050 to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Illustration of Rutil…
Italy's Saipem is to lead the industrialization and commercialization of Springs ('Subsea PRocess and INjection Gear for Seawater'), a subsea water treatment technology designed for deep water application, developed in collaboration with oil major Total and water treatment specialist Veolia…
With the referendum rapidly approaching, the question of what Brexit could mean for the UK oil and gas industry has become increasingly intriguing. As a market broadly regulated in London, many argue that an exit vote would lead to no significant changes – at least in the short term…
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