Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…
Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…
The subsea field work for the Greenlink interconnector, one of Europe’s most important infrastructure projects, gets under way with the launch of the first of MMT’s survey vessels, MV Franklin.The offshore and nearshore surveying along the proposed…
A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL oil pipeline, possibly delaying the project's construction and dealing the latest setback for Canada's TransCanada Corp…
Statoil has awarded a contract to Younicos, a provider of smart energy and grid solutions based on battery storage, to deliver a 1MW battery system that will be connected to Hywind Scotland, the world’s first floating wind farm. The purpose of the battery storage solution project…
Schlumberger’s WesternGeco has completed a hybrid seismic acquisition survey using their newly deployed multipurpose vessel (MPV)—a first in the industry, the company says. WG Vespucci. Image from Ultstein…
Statoil and its partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea. The discovery, scheduled to come on stream in late 2019, will be tied back to the Aasta Hansteen development…
Mexico’s National Hydrocarbons Commission (CNH) finalized seven deepwater Gulf of Mexico contracts, as part of the country’s Round 1.4 held last year. Image of Mexico’s Energy Secretary Pedro Joaquín Coldwell…
Technip has been awarded an engineering and project management services contract by Shell Australia. The contract will provide multi-disciplinary engineering and design services in support of the Prelude FLNG project, and will allow the…
OE is attending the biggest offshore oil and gas industry event, Offshore North Seas (ONS) in Stavanger this week. We will be out and about finding out about the latest in offshore technology, including the Norway's world-class subsea expertise…
The Norwegian Petroleum Directorate (NPD) has announced a tender competition to supplement its technological expertise and capacity, with the intention of becoming even more of a driving force in the development of discoveries and improved recovery measures from producing fields…
Gloucestershire-based Arc Energy Resources, the weld overlay cladding and fabrication company, has acquired precision machining company CLG Engineering, based in Stonehouse, Gloucestershire. Arc Energy Resources provides corrosion-resistant weld overlay cladding services…
The Norwegian Oil and Gas Association and the Norwegian Union of Energy Workers (Safe) reached agreement on the well service pay agreement during the evening of 6 July. Strike action has thereby been averted. “The mediation process was demanding…
ExxonMobil E&P Malaysia has awarded Icon Offshore a US$10.4 million (RM42 million) contract for the provision of two straight supply vessels. The two-year deal commenced this month, and comes with a one-year extension option, the vessels…
Statoil has launched Cap-X, a new subsea development concept designed to reduce cost and increase efficiency. The Norwegian oil giant, more than half of whose production comes from some 500 subsea wells, has already been exploring ways to reduce subsea development costs…
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