Statoil announced it will delay an investment decision on its Johan Castberg project in the Norwegian Barents Sea due to unease regarding recent move by the Norwegian government to increase taxes on oil and gas producers. In addition to the tax rise…
Lundin Petroleum is to update its reserves estimates on the giant Johan Sverdrup field offshore Norway after its latest appraisal well completed. Lundin says the latest well on the find, 16/2-21 located in PL501, had been a success finding…
Exxon Mobil has taken an addition 6% stake in an exploration licence offshore the Faroe Islands. The deal, with Faroese explorer Atlantic Petroleum, will see Exxon's stake in Licence L016 increase to 26%. The move was followed by…
Norwegian oil and gas company DNO International is increasing its acreage offshore Tunisia and plans to drill next year. Through its subsidiary DNO Tunisia AS, the firm has entered a farm-in agreement on the Sfax offshore exploration permit and the Ras El Besh concession…
Howco Group has invested more than £3m in new equipment and machinery at three of its UK plants, including £1.6m at its facility in Sheffield. Investments by the firm, which distributes raw materials and manufactured components for wellhead…
Exploration and production company Sound Oil is planning to drill its first appraisal well on the Laura discovery offshore Italy as part of a larger drilling program in the country next year. Laura, in the D150 DR-CS permit in…
Mediterranean Oil & Gas (MOG) has agreed to join Cairn Energy in its offshore Malta exploration efforts. MOG will, subject to regulatory approval, take a 40% stake in Cairn subsidiary Transunion Petroleum in offshore areas Malta Area 3 - Blocks 1…
Keppel FELS has delivered its first KFELS Super A Class jackup rig to Discovery Offshore for use in the North Sea. Named Discovery Triumph, the first KFELS Super A Class jackup was delivered 46 days ahead of schedule and with a perfect safety record…
Subsea 7 officially opened its Global Pipeline Welding Development Centre (GPWDC), the result of a £10million in its operations base at Clydebank, Glasgow. The center is to develop welding technology for deployment globally and follows…
Edinburgh-based WFS Technologies and Stork Technical Services have unveiled a new subsea wireless cathodic protection monitoring system for the offshore industry. The Seatooth Smart CP, which the firms say is the world’s first subsea wireless cathodic protection monitoring system…
Subsea 7 has been picked to carry out engineering, procurement, installation and construction work on Statoil's UK North Sea heavy oil Mariner field. The work, worth about $170million, will cover 39km of rigid flowlines and flexible riser systems…
ABB has been picked to supply the power and propulsion systems for a new deepwater pipelay vessel. The vessel, tentatively named Derrick Lay Vessel 2000 (DLV2000), will be constructed at Keppel Singmarine in Singapore and delivered in 2015 to Hydro Marine Services…
Craig Group has launched its latest platform supply vessel (PSV), the Grampian Sceptre, from the Balenciaga Shipyard in Northern Spain. Along with its sister vessel, the Grampian Sovereign, it is the largest built by Craig Group. Both…
Teekay Offshore Partners is to provide a floating storage and offloading tanker to Statoil for use on the Gina Krog field in the Norwegian sector of the North Sea. The vessel will be a new unit, to be converted from the 1995-built shuttle tanker…
Vroon Offshore has announced the launch in China of the VOS Fabulous - the first of 10 new vessels being added to its fleet. The VOS Fabulous is a 50m ERRV (emergency response and rescue vessel) and has been built at Nanjing East Star Shipyard…