Instrumentation, monitoring, control and handling systems firm EFC Group has completed a £1.3million {$2.2million} contract to design and build a BOP and diverter control system for China based Dalian Shipbuilding Industry Offshore Co (DSIC Offshore)…
Independent oil firm Premier Oil is sticking to an eight-well exploration campaign in 2015, including its four-well campaign in the Falkland Islands, due to start in March, and its first well in the emerging Mandal High play offshore Norway…
Statoil’s request to drill at Knappen prospect in the central North Sea has been granted approval from the Petroleum Safety Authority of Norway (PSA). Drillng is scheduled to begin next month at well 16/7-11 using the Songa Trym semisubmersible drilling facility…
In a year during which the oil price remained stable at circa US$100 per barrel until the last quarter when a significant collapse in commodity price began, activity levels in both the UK and Norwegian sectors have continued to show a distinct divergence…
Hess awarded Enbridge a contract to build, own, and operate a lateral pipeline estimated at US$130 million, to connect the Stampede development to an existing third-party pipeline system in the Gulf of Mexico. Gulf of Mexico platform…
Statoil shows the process of getting its US$2.9 billion Valemon field on stream. The high-pressure, high-temperature, gas and condensate development, located in the Norwegian sector of the North Sea, started production on 3 January…
UK North Sea industry body Oil & Gas UK has said called on the UK Government to abolish a 30% charge on oil and gas producers as oil fell to its lowest prices in nearly six years. The body says oil and gas producers in the basin are unable to cover their costs at US$50 a barrel…
The first new-build semisubmersible drilling rig incorporating Wood Group Mustang Norway's (WGMN's) GG5000 floating hull design has been delivered to COSL Drilling Europe (CDE). The COSLProspector was designed to operate in water depths up to 1500m (5000 feet) and drill wells up to 7600m (25…
Italy-focused exploration firm Sound Oil has withdrawn its Intended Offer for North Sea exploration minnow Antrim Energy due to the deterioration in oil prices and reduction in global appetite for deep water exploration, the company said this morning (13 January 2015)…
Schnitger President Monica Schnitger urged oil and gas companies to explore and exploit the latest technologies to have successful projects at the 2014 Bentley Systems Year in Infrastructure conference. Meg Chesshyre has more. “I’m…
ION Geophysical and Somalia’s Puntland Petroleum and Minerals Agency (PPMA) entered into an agreement to complete a multi-client 2D regional seismic survey offshore Puntland, Somalia. Image from ION Geophysical…
Northern Offshore International Drilling Co. is in the midst of filing a US$50 million claim against Camac Energy for canceling the Energy Searcher drilling contract earlier this month. The Energy Searcher…
Woodside Energy and Adani Enterprises signed a memorandum of understanding (MOU) to identify, investigate and develop potential business arrangements and commercial initiatives in India’s LNG market. “India is an important emerging LNG…
From 2011 to 2014, we observed the largest oil supply shock in history: US shale oil production was adding more than 1 MMbbl/d every year, or more than the growth of global demand for oil. OPEC faced a risk of critical reduction in market share…
A selection of the country’s most innovative, dynamic and successful subsea businesses have made it on to the final shortlist for the annual Subsea UK Awards. The gala event, on 11 February at the Aberdeen Exhibition and Conference Centre…
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