Latest News

Dry Well in the North Sea – 15/6-15

Aker BP ASA, operator of production licence 814, has completed the drilling of wildcat well 15/6-15.The well was drilled about 15 kilometres north-east of the Gina Krog field and 225 kilometres west of Stavanger. The well is dry.The primary exploration target for well 15/6-15 was to prove petroleum in reservoir…


Eni Announces the Fifth Light Oil Discovery in Block 15/06, Offshore Angola

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place.The Agidigbo-1 NFW has been drilled…


BP to Divest Mature Oil Assets in Egypt to Dragon Oil

BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO). Dragon…


Prosafe and Floatel Seek Merger in Challenging and Changing Market

Prosafe SE and Floatel International Ltd have signed an agreement to merge their respective businesses.The aim is to create a more robust company with improved services and geographical presence, able to sustain a prolonged cyclical downturn and challenging markets for offshore accommodation.Prosafe SE, Stavanger, is a leading owner and operator…


Equinor Sets New Timeline for Rosebank Project

Equinor and its partners confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS). Following the award of a three-year extension for the Rosebank licences by the UK Oil and Gas Authority, a final investment decision for Rosebank is planned to be taken by May 2022.…


UKCS Technology Portal

Following the publication of the 2018 Technology Insights Report in May, the Oil & Gas Authority (OGA) has launched a UKCS technology portal.The portal is based on information provided by operators through the OGA’s Stewardship Survey and other sources. It enables operators to access information and lessons learned on technology…


Boskalis Subsea Services Cements Position in North Sea with £100M in Contracts

Boskalis Subsea Services has cemented its position in the North Sea and affirmed its commitment to Aberdeen with new contracts, more people and bigger premises.Boskalis Subsea Services has been awarded a clutch of contracts, totalling in excess of £100million, in the North Sea over the last six months. These include…


i3 Energy plc: Closing of £22mm Junior Facility and £2mm Share Placing

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it has closed investments with funds managed by Bybrook Capital LLP, BP Oil International Limited, funds managed by Lombard Odier Investment Managers group, and James Caird Asset Management in a £22mm junior…


US GoM Production on Pace for Record Year

Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to Rystad Energy.Thanks to an impressive sprint, Royal Dutch Shell has started producing oil and gas at its Appomattox deepwater platform in GoM several months ahead of its expected startup…


Joint Venture for the Supply of Plexus "HG"™ Production Wellheads, Surface Xmas Tree and Valve Package

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announced the formation of PPC, a majority owned JV which will exclusively supply Plexus with surface production xmas trees and wellhead annulus outlet valves. Following the sale…


Beach Energy Limited: Otway Sale Completion

Beach Energy Limited advised that the sale of an interest in the Otway assets to O.G. Energy has completed.Full announcement can be found here.


Siemens Gamesa Receives Firm Order for wpd’s 640 MW Yunlin Offshore Wind Power Project in Taiwan

Following its selection as preferred supplier in May 2018, Siemens Gamesa Renewable Energy (SGRE) has received the firm order by wpd offshore to supply the 640 megawatt (MW) Yunlin offshore wind power plant in Taiwan. Located approximately six kilometers from shore in the Taiwan Strait, the plant will feature 80…


Bristow Secures Contract with BP plc

Bristow Group Inc. announced a new contract with BP plc, to support its North Sea operations. The contract, with a five year primary term, commenced on May 13, 2019.Bristow will deliver a fully integrated aviation solution to BP plc from bases in Aberdeen and Sumburgh. New pilot and crew positions…


Polarcus Awarded Wide-azimuth Project Offshore in the Americas

Polarcus Limited announced that an award has been received for a wide-azimuth project to be acquired in the Americas. Polarcus Naila and Polarcus Adira will perform the acquisition.The project is expected to commence in early August 2019 with a duration of approximately four months; a total of eight vessel months.…


Offshore Wind Accelerator Tender: Subsea Cable Design Study

Call for entries from companies and consortia interested in undertaking a study looking into improved cable designs for bottom-fixed offshore wind farms (OWF) that are fit-for-purpose and optimised for their operating environments.The key objective of this study is to evaluate and recommend potential improvements to subsea cable designs for bottom-fixed…


Offshore Wind Accelerator Tender: Inter-Array Cable Fault Detection, Monitoring and Action

Call for entries from companies and consortia interested in undertaking a study to evaluate the need for fault detection and monitoring on the array system and how these would work in combination with other systems and site processes to minimise generation down time.Cable failure in an offshore wind farm (OWF)…


WFS Technologies Unveils New Seatooth® Assure Riser Monitor for Through Water-air Boundary Communications

WFS Technologies, a global leader in Subsea Internet of Things (SIOT®) devices, unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface, on fixed structures including jackets and braces. The new products allow for the measurement of 9-axis motion (vibration, orientation), local analytics and the…


Central Scotland Firm Appointed to ExxonMobil Jetty Life Extension Project

A West Lothian firm has been awarded a major contract that will help extend the life of the ExxonMobil jetty facility at Braefoot Bay Marine Terminal in Fife. The tanker terminal exports liquefied petroleum gas to Europe and the USA after being produced at Fife Ethylene Plant, using feedstock from…


Jan De Nul Launches Fourth Ultra-Low Emission Vessel

Jan De Nul Group launched its fourth Ultra-Low Emission vessel last week in Singapore. It concerns the 6,000 m³ Trailing Suction Hopper Dredger Sanderus built at the Keppel Offshore & Marine shipyard.This green vessel is the first of two identical medium-sized hopper dredgers under construction at Keppel O&M’s shipyard in…


Helix Energy Solutions Group Acquires Control of Aberdeen-Based Subsea Technologies Group Limited

Helix Energy Solutions Group, Inc. has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control systems. Terms of the acquisition were not disclosed.Scotty…