The awe inspired during the early days of the North Sea industry was back and in full force for the world’s heaviest offshore lift. Elaine Maslin reports. Pioneering Spirit, closing in on Brent Delta…
Transocean has completed the sell of its jackup fleet to Borr Drilling for a total consideration of approximately US$1.35 billion. The sale included the company’s 10 high-specification jackups and five jackups under construction at Keppel FELS Ltd’s shipyard in Singapore…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
Odfjell Drilling signed a letter of award (LoA) today (31 May) with Statoil to secure the Deepsea Bergen for drilling activities in 2018-2019. The LoA includes one firm well plus four options for three additional wells, which totals out to 14 months in all…
Kotug International’s offshore division assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Image from Kotug…
Norway’s Petroleum Safety Authority (PSA) has granted Eni consent to use Scarabeo 8 at Goliat, which will drill two production wells, in the Barents Sea. One of the two wells to be drilled is for oil production, while the other is for water injection…
Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 MMboe. Douglas-Westwood, through its Westwood Insight, asks if this signal a renaissance for UK exploration…
Ensco is set to acquire Atwood Oceanics in an all-stock transaction worth some US$839 million, creating a company with the largest jackup fleet in the world. Image from Ensco. Ensco…
Image of Olav Henriksen (SVP Projects, Aker BP, left) and Pieter Heerema (Projects, Allseas) at the signing ceremony in Stavanger 29 May 2017. Image from Aker BP. Allseas, via Excalibur Marine Contractors…
Swire Oilfield Services announced that Manfred Vonlanthen will succeed John Bruce Rae-Smith as the company’s chief executive officer (CEO). Rae-Smith will be stepping down as CEO of Swire Oilfield Services due to personal reasons. Vonlanthen…
Independent Oil and Gas (IOG) says it has a busy 12 months ahead, as the company prepares to submit the Blythe and Vulcan final development plans (FDP) in the Southern North Sea, with hopes of hitting first gas by 2019. Image from IOG…
Statoil has sold its stake in International Petroleum Corp. (IPC) to Lundin Petroleum in a US$90.2 million deal. Lundin Petroleum BV (LPBV), IPC’s wholly-owned subsidiary, purchased 25.5 million shares of IPC, in addition to 22.8 million shares that belonged to Statoil…
Faroe Petroleum started drilling the Brasse appraisal well 31/7-2S in the Norwegian North Sea. Map of Brasse, from Faroe. The main objectives of the appraisal well are to reduce…
Pedro Parente (right), CEO of Petrobras, and Robin Watson, CEO of Wood Group, are to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5-8 September 2017. They will join Ben van Beurden…
EnQuest's US$2.6 billion Kraken heavy oil field development is on track for first oil before the end of June, according to the North Sea independent. The Kraken development, about 125km east of the Shetland Islands, off Scotland, will…
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