GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
Oil and gas engineering services firm Plexus Holdings has signed an agreement with Aquaterra Energy to jointly supply high-pressure/high-temperature dual barrier marine risers utilizing Plexus’ POS-GRIP technology. The new risers will be a new solution for use on jackup rigs…
An aging asset doesn’t mean unmanageable, unprofitable and inoperable. There is still potential to be realized from the UK Continental Shelf (UKCS), despite the challenges of the current climate. In terms of oil alone, it is estimated that there are around 25 billion barrels to be recovered…
Wintershall Norge has awarded Odfjell Drilling's semisubmersible Deepsea Stavanger a contract for the drilling of production wells on the Maria field in the Haltenbanken area on the Norwegian Continental Shelf. The firm contract is for…
Private equity backed Proserv Group has bought Aberdeen-based subsea acoustic positioning firm Nautronix. Employing 120 people, Nautronix is recognised for its through-water digital acoustic wireless communications and positioning systems…
The continued low oil price has led to some 5500 job losses in the UK North Sea since late 2014, according to new figures released by the Oil and Gas Authority today. The organization, a new independent regulatory body, set up earlier…
Geoscience firm Spectrum has agreed a multi-client master co-operation deal with the Somalian government. The agreement allows Spectrum to acquire approximately 28,000km of long offset 2D seismic data offshore south Somalia. The new acquisition has been specifically designed to complement 20…
Shell is planning to start 3D seismic acquisition offshore Myanmar following its return to becoming an operator in the country. The firm has issued a letter of award to Oslo-listed geoscience firm Polarcus for a 3D marine seismic project…
Aqualis Offshore, an offshore marine and engineering consultancy, has opened a new office in Doha, Qatar. Aqualis Offshore, part of Oslo-listed Aqualis ASA, has opened 16 offices in 11 countries worldwide since its establishment just over two years ago…
Only two months after announcing the launch of their expanded test facilities, Hexham based Red Marine has announced another expansion of its testing capabilities with the development of a new high capacity test rig. The 200-tonne capacity…
China’s Silk Road Fund (SRF) entered into an agreement with Russia’s Novatek to acquire 9.9% equity stake in the Yamal LNG project. Map of Yamal. From Total. Should the deal be approved…
Rosneft Vietnam B.V. and Japan Drilling Co. (JDC) represented by its subsidiary Hakuryu 5, Inc. signed an agreement to drill two wells in Blocks 06.1 and 05-3/11 in the Nam Con Son basin offshore Vietnam in 2016. The wells will be drilled using the marine drilling rig HAKURYU-5…
Norway's Ministry of Petroleum and Energy approved plans for Wintershall’s US$1.8 billion (NOK 15.3 billion) Maria development, offshore Norway. Maria development plan. Image from Wintershall. The Maria field…
Two and a half years after project sanction, production began from Statoil’s Smørbukk South Extension at the Åsgard field. Installation of Smørbukk South Extension subsea template. Images from Statoil…
Norway's official statistics organisation, Statistics Norway, has predicted that oil prices are set to remain low and only gradually increase to around US$60 in 2018. The organization said yesterday that low spending will also result in a drop in investment of almost 33% from 2013 to 2018…
Subscribe
