ENI and Venezuela’s state oil company has agreed to create a new joint venture to exploit the Perla field condensate reserves, estimated at 170MM bbls. PDVSA will hold 60% in the new venture, with ENI holding the remaining 40%. ENI is co-operator of Cardón IV…
Reef Subsea is to restructure its business into two divisions - one focused on integrated subsea projects and to be led by a new managing director. Reef Subsea Integrated Projects, formed by the merger of Reef Subsea Power & Umbilical and Reef Subsea Norway…
A safety group representing workers, regulators and operators has recommended Super Puma helicopters resume operations in the North Sea. Step Change in Safety has also said it will request industry body Oil & Gas UK set up an independent…
Great Yarmouth, UK, headquartered energy services firm 3sun Group has bought RRC Controls Services as part of its plans to grow in Aberdeenshire. RRC, based in Gourdon, Aberdeenshire, manufactures subsea control systems for the offshore oil and gas industry…
Huisman has secured a contract for the delivery of a 1,500mt @ 32m “leg-encircling crane” for Seajacks new offshore wind farm installation vessel, Scylla. The contract for the 1,500mt crane was awarded to Huisman by the South Korean shipyard Samsung Heavy Industries…
Rosneft and ExxonMobil have commenced the contractor selection process for design and engineering work at its proposed LNG project in the Russian Far East, Rosneft announced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work…
UK oil industry body Oil & Gas UK held a meeting with about 80 representatives from operators and major contractors today (Monday) after a helicopter carrying offshore workers crashed off the Shetland Islands, killing four. The CHC Helicopter…
Glacier Energy Services boosts portfolio and specialist offering with acquisition of Ross Offshore International oilfield specialist Glacier Energy Services today confirms the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal…
ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…
EnQuest will have a new prestigious North Sea base in the Granite City after planning permission was granted for a high-quality office development on the derelict Aberdeen Seafood Park site in the harbour area. The firm, which is the largest UK independent oil producer in the UK North Sea…
Aberdeen-based Dolphin Drilling Ltd has awarded Harland and Wolff the contract for the dry docking of the Blackford Dolphin mobile offshore drilling unit (MODU). The project will include upgrade work and repairs and renewals for its class renewal survey…
Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…
Technip has joined forces with South African energy and chemicals firm Sasol to offer front-end engineering services on future Sasol gas-to-liquids (GTL) projects. The new alliance will also enable Technip to be part of the execution of GTL projects with Sasol…
Norway’s Statoil has awarded Aker Solutions a NOK250 million contract to carry out an extended concept study for a floating production system for the Johan Castberg oilfield development in the Barents Sea. The Johan Castberg field, in PL 532…
Lundin Norway AS has plugged and abandoned well 16/4-7, northeast of the Sleipner Øst field in the central North Sea off Norway, after it was found to be dry. The objective of the well, in 91m deep water, was to prove petroleum in Jurassic…