Leased floating production firm SBM Offshore has agreed a $470million settlement deal with operator Talisman which will see the troubled Yme platform scrapped.Completion of the mobile offshore production unit (MOPU) had suffered delays after…
Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE).Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed…
Ocean Installer won a contract for umbilical installation at the Bittern field in the North Sea by Shell UK Ltd, the company announced on 7 March 2013.Normand ClipperThe scope of the work is to install two new static umbilicals of 20.7 km and 1…
Marine service group James Fisher and Sons is to buy diving equipment firm Divex for up to £33million.The deal will see UK-based James Fisher and Sons pay an initial consideration of £20m in cash plus a further maximum additional consideration of £13m linked to future profitability targets…
Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during the third and fourth quarter of 2015…
Subsea 7 today announced the award of a contract valued at approximately US$380 million from Statoil for the Aasta Hansteen gas field, located west of Bodø in the northern part of the Norwegian Sea.The contract comprises the design, coating…
Subsea services specialist ROVOP has announced £4million of investment in two new ROVs (remotely operated vehicles). ROVOP, which also strengthened its management and onshore support team earlier this year, has invested in a 3,000m rated…
TAQA, the global energy company based in Abu Dhabi, can confirm that a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea. It has now been contained with no further hydrocarbon release…
Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø.Location of Olavsvern naval baseThe sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service, and in cooperation with Petro Support Group…
In February 2013, Siemens was awarded an order by Germany's wpd group to supply and install 80 wind turbines for the Butendiek offshore wind power plant off Germany's North Sea coast. When it comes online in 2015, the wind power plant's total…
Centrica Energy has started production on its southern North Sea York gas field.The York Platform (Image: Centrica)The field, 100% owned by Centrica Energy Upstream, is being produced by a normally unmanned installation and is expected to produce about 120mmscf/d of gas at its peak…
Technip announces that it has signed two agreements with State Corporation Russian Technologies (Rostec) during the official meeting between François Hollande, President of the French Republic, and Vladimir Putin, President of the Russian Federation…
North Energy has today entered into a four-year collaboration agreement with (TGS) concerning the purchase of seismic data and services. This represents a natural progression from an earlier collaboration agreement with Rex Oil & Gas (Rex) on…
North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
News from the North Sea from Bridge Energy, Faroe Petroleum, Lundin Petroleum and E.ON.Transocean Arctic will drill the Amol prospect (Image: Petroleum Safety Authority of Norway)Bridge EnergyJunior North Sea explorer Bridge Energy has said…