Statoil has started production from the Visund North oil and gas field in the Norwegian sector of the North Sea. The total recoverable reserves are estimated at 29MM boe and the total investment for the field development is NOK3.3 billion…
Viking Offshore & Marine will partner with Chan Kwan Bian (Chan) to construct a $180MM drilling jackup rig, marking Viking’s entrance into the rig building and rig charter market. Executive Director Daniel Lin said that with this agreement…
ORPC Solutions, a subsidiary of Ocean Renewable Power Company (ORPC), is to provide project management and services to Resolute Marine Energy’s (RME) Yakutat Wave Energy Project in Alaska. Located on the Gulf of Alaska 200 miles northwest of Juneau…
Norwegian Energy Company ASA (Noreco) has said production is expected to restart from the Siri platform, offshore Denmark, in Q2 2014. Production from the platform will be at reduced volumes until the Siri platform is permanently repaired…
The University of Houston’s Subsea Engineering program is the first of its kind in the US. The program—founded by mechanical engineering professor and director of UH Subsea, Matthew Franchek— is in its inaugural year operating with a 10-course…
Physical modeling of deepwater projects can be a very useful tool. Despite the advent of computer modeling and immersive computer visualization environments, physical 3D models help vessel operators, riggers, and field engineers find potential problem areas and resolve spatial issues…
Eni Norge is testing an autonomous underwater vehicle (AUV) designed to carry out subsea environmental monitoring along predetermined tracks. The project is part of investment by Eni Norge in research and development linked to new and improved techniques for monitoring the marine environment…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…
Norwegian engineering and construction firm Kvaerner has opened an office in Moscow to position itself for future arctic construction projects. Kvaerner's office in Moscow is being led by Andrey Plotnikov, with a staff of 10 people currently focusing on business development activities…
INTECSEA, a global company within the Worley Parsons Group, is featuring its new semisubmersible design at the Deep Offshore Technology (DOT) conference this week. The company says the new design enables dry tree applications in harsh environments…
More needs to be done to develop Russian subsea production capabilities in order to develop hydrocarbon resources in Russia’s arctic seas, SPE Arctic & Extreme heard in Moscow yesterday. According Gazprom, there is an estimated 21-46Billion tons of oil and 36…
Houston-based LLOG Exploration Offshore L.L.C. awarded Technip a substantial contract for the development of the Delta House field, located in the Mississippi Canyon area of the U.S. Gulf of Mexico (GOM). The contract covers the project management…
AGR's drilling and well consultancy has won a five-year frame agreement, starting January 2014, with Noway's Statoil. The agreement mainly covers Statoil’s operations in Norway, but the services may be performed globally. The contract has extension options…
UK-based engineering firm Wood Group is to form a joint venture with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…