Aker Solutions and MAN Diesel & Turbo say they expect to cut the size and weight of subsea compression systems by at least 50%, just a year after the first such system successfully went on stream at Statoil’s Åsgard field. Image: Before and after…
Sevan Marine CEO Carl Lieungh will step down from the company, effective 1 January 2017. The company's board of directors has appointed current CFO, Reese McNeel, as the new CEO. He will carry out both functions in parallel, the firm said in a statement today (10 October)…
Airborne Oil & Gas (AOG) raised US$26 million (€23 million) in a series C investment round from both new and existing shareholders. (SAEV) joins the shareholder base with an investment of $11 million (€10 million). SAEV is the corporate venturing arm of Saudi Arabian Oil Co…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Bilfinger has won orders valued at some US$301 million (€270 million) from several operators. Key framework agreements have been extended with oil and gas group Statoil, the largest operator of production facilities on the Norwegian Continental Shelf…
Norway's Petroleum Safety Authority (PSA) has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field. Drilling, in 110-120m, using the Deepsea Atlantic semisubmersible drilling rig…
The UK's Civil Aviation Authority (CAA) has said it is to keep in place a ban on use of Super Puma helicopters despite a European move to allow the unit back into service. The ban on the Airbus Helicopters' Super Puma EC225LP and AS332L2 aircraft followed a crash at Turøy…
The Transocean Winner has been loaded onto the Hawk semisubmersible heavy lift ship, and is preparing for its journey to Turkey, according to the UK’s Maritime & Coastguard Agency (MCA). The Transocean Winner…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
ABB and Aibel have agreed a strategic partnership to deliver state-of-the-art offshore wind integration solutions. ABB will focus on its high voltage direct current (HVDC) technology, while Aibel will take turnkey engineering, procurement and construction (EPC) responsibility for the design…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca-operated Athena field in the UK North Sea. Athena is in UK Continental Shelf block 14/18B in the…
The first of two shipments of pile clusters and flotation tanks arrived at Kvaerner’s yard at Verdal earlier this week (4 October), which will be installed on the first and largest steel jacket for the Johan Sverdrup projects, currently under construction at Verdal…
While it seems most Arctic exploration activity has slowed, it really depends on where you look. Bruce McMichael reports. Gazprom Neft’s Prirazlomnoye facility, in the Russian Arctic. Photos from Gazprom Neft…
Atlantic Offshore, together with Statoil, have decided to convert the Ocean Response tug/supply vessel to act as full oil recovery and oil spill vessel within the NOFO 2009 regulations. The vessel will then have more flexibility to serve as an emergency and response vessel…