Transocean is to create a new business unit called Caledonia Offshore Drilling Company to run its eight-strong North Sea midwater drilling rig fleet. The company expects to establish the new business unit during 2H 2014 and, at an appropriate stage…
Wood Group subsidiary Wood Group PSN has put its money where its mouth is and announced plans to address cost escalation in the North Sea by reducing rates paid to its UK-based onshore contract workers. The firm said the move was in response…
OVERDICK announced that the BorWin beta topsides has been successfully installed in the German sector of the North Sea, about 53nm NNW of the island of Borkum. The step marks the completion of the most critical phase in the offshore campaign…
Poor weather and high costs have impacted Q1 exploration and appraisal drilling activity on the UK Continental Shelf, according to a report by Deloitte. The report, which details activity across North West Europe during Q1, was compiled by Deloitte’s Petroleum Services Group (PSG)…
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…
Industry excellence in health and safety was recognized at the UK Oil and Gas Industry Safety Awards yesterday. Held at Aberdeen Exhibition and Conference Centre, the event recognizes and honors the companies and people who embody the spirit of safety and innovation across the sector…
A large-bore center tube umbilical cross section. Photo by: DUCO. The growing deepwater market is driving pipeline and umbilical manufacturing expansion on Newcastle's Walker Riverside in the UK…
Tullow Oil has announced it plans a 4000km sq 3D seismic acquisition program next year in block 54 offshore Suriname. In January, the company agreed to a production-sharing contract that gave it a 50% operated stake, in partnership with state-owned Staatsolie…
Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53…
Aker Solutions is to split into two separate companies to speed up a bid to reduce costs via streamlining and 'better position' the business in an increasingly competitive global energy industry. The subsea, umbilicals, engineering and maintenance…
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has signed an engineering services agreement with Workfox, a subsidiary of Seafox Group, to do an engineering study for a purpose-built…
Nederlandse Aardolie Maatschappij (NAM) – the joint venture between Shell and ExxonMobil – has renewed and extended its Health, Safety and Environmental (HSE) contract with Royal HaskoningDHV. The three-year contract covers risk above…
The Danish Energy Agency (DEA) has launched the country's 7th North Sea Licensing Round, covering the Central Graben, where the majority of Danish fields have so far been discovered, and areas further to the east, where oil discoveries were made in the 6th Licensing Round…
Task Geoscience and Fronterra Integrated Geosciences are to merge to become geoscience consultancy – the Task Fronterra Group. Task Fronterra has received a financial injection of growth capital investment from the UK's Business Growth Fund…
UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…