Marathon Oil has announced it is no longer marketing its UK business after agreeing a deal to sell off its Norwegian unit. Marathon Oil Norge is to be sold to Norway’s Det norske oljeselskap in a US$2.1 billion cash deal. The sale…
Subsea 7 has been awarded its largest UK engineering, procurement, installation, and commissioning (EPIC) services contract, by Premier Oil. The contract, worth more than US$460 million, will be for work on Premier Oil's Catcher Area development…
DOF Subsea has been awarded a contract for installation of the turret mooring and riser system for the Gina Krog FSO by Teekay Shipping Norway. The scope of work includes installation of 12 suction anchors complete with chain/wires, STL buoy hook-up…
Brazilian independent HRT Participacoes em Petroleo SA announced plans to focus on the offshore Polvo field, in the Campos basin. HRT operates the field with 60% interest along with partner Maersk (40%). In 4Q 2013, the National Petroleum Gas and Biofuels Agency (ANP)…
Bermuda-headquartered Teekay Offshore filed a letter of intent to acquire Norway-based Logitel Offshore Holdings Ltd., the company announced in its first quarter results released on 15 May 2014. The acquisition, Teekay said, should close in 3Q 2014…
Delivery of the Goliat floating production, storage and offloading (FPSO) platform has been delayed until early 2015, operator Eni Norge announced today. Eni said that conditions to depart at the end of June 2014, and complete commissioning in Norway in Q4 2014…
UK-based independent EnQuest says it has made a discovery in the North Sea and agreed a field development project with Malaysia’s Petronas. Drilling on the North Sea Avalon prospect confirmed a discovery. EnQuest said preliminary analysis…
Houston based drilling and floating production firm Northern Offshore is considering spinning off its sole floating production platform (FPF) into a new business (pictured). The firm operates the semisubmersible Northern Producer FPF…
Japan's JX Nippon Oil & Gas Exploration Corp., a wholly-owned unit of JX Holdings, says Petronas has approved the field develoment plan for the Layang gas field. JX Nippon intends to develop the field off the coast of the Malaysia's Sarawak state on Borneo…
Premier Oil says government approval for its UK North Sea Catcher development is expected soon and that the FEED and drilling contracts on Sea Lion in the Falklands will be issued this quarter. Premier said key service contracts covering the Catcher FPSO (pictured)…
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication…
A 20-year-old concept is receiving increasing attention in the North Sea as operators look for options to develop marginal fields. The concept is for unmanned production buoys, which could cost-effectively support production from small or marginal fields…
Norwegian mooring solutions and services firm Deep Sea Mooring (DSM) is backing a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the floating production, storage and offloading vessel segment…
BW Offshore has signed the contract with Premier Oil for the provision of a floating production, storage and offloading vessel to operate on the Catcher oil field in the UK North Sea. The firm charter period of the contract is seven years…
Asset integrity management firm XPD8 Solutions is to develop the maintenance program and inventory data for MODEC’s TEN MV25 floating production, storage and offloading (FPSO) vessel, operated on behalf of Tullow Oil, offshore Ghana. The…
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