New oilfield services company Ardyne has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition. Headquartered in Aberdeen, Ardyne will specialize in the provision of downhole products and…
Offshore trade unions have teamed up to form a co-ordinated 'fightback' against cuts and changes effecting workers in the UK's oil industry. The newly formed Offshore Co-ordinating Group (OCG) has representatives from Units, the RMT, the British Airline Pilots’ Association (BALPA) the GMB…
Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit…
Non-destructive testing (NDT) company Sonomatic is investing US$5.7 million (£4 million) in building a brand new multi-disciplined facility that will allow the company to cover the entire range of NDT inspections in Aberdeen. Rendering…
Subsea services company Acteon has launched a new service offering to directly address the demands and changing conditions of the global oil and gas industry. Acteon Field Life Service (FLS) offers a “joined-up” approach to the capex…
First gas from Total’s Laggan and Tormore gas and condensate subsea-to-shore development has finally been achieved. Originally due on stream at the end of 2014, the Laggan-Tormore development, has suffered delays, resulting in massive costs for onshore contractor Petrofac…
Wood Mackenzie's latest global oil production analysis* indicates that 3.4 MMbbl/d of oil production is cash negative at a Brent oil price of US$35. Since the dramatic drop in prices from late 2014, there have been few halts in production – with around 100…
Faroe Petroleum’s exploration drilling program for the year will see the UK-based explorer begin drilling at its operated Brasse prospect in the North Sea this summer using the Transocean Arctic rig. Map of Oseberg…
The Petroleum Safety Authority Norway (PSA) has granted ConocoPhillips consent to use the Rowan Norway mobile drilling facility for plugging and abandonment of wells at Ekofisk 2/4 B. Ekofisk is an oil field lying in 70-75m of water in the southern North Sea…
BG Group ended the year on top with its total earnings coming in at US$2.3 billion, a significant improvement from a $1.1 million loss in 2014. However, the UK giant did report a loss of $29 million in Q4 2015. BG's QCLNG pipeline…
Almost 7000 visits were made to this week's Subsea Expo - Europe’s largest subsea event, held in Aberdeen, despite the industry facing its toughest year ever. The exhibition and conference, organized by Subsea UK, attracted just under 5000 individual delegates…
Schlumberger has received approval from the European Commission (EU) for the US$14.8 billion takeover of Cameron International, after the EU concluded that the proposed acquisition would raise no competition concerns. Schlumberger…
The University of Aberdeen has taken delivery of rock mechanics equipment that could play a major role in maximizing oil and gas recovery in the North Sea and West of Shetland area. The high-pressure, high-temperature rock deformation apparatus…
Statoil awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the world's first floating wind farm, following a successful demo facilitated by Nexans' cables which has been in operation since 2009…
Fabricom Offshore Services has been contracted for brownfield modification work on GDF Suez's recently installed Cygnus installation in the southern North Sea. As part of the work, it will use AVEVA's LFM Server and AVEVA Laser Model Interface…
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