Diamond Offshore is championing a new Floating Factory concept meant to meet future deepwater challenges, but drumming up support during the downturn may be tough. Karen Boman reports. Photo from iStock…
Independent Oil and Gas has submitted a field development plan (FDP) to the UK Oil and Gas Authority (OGA) for the Blythe Hub. The project comprises the Blythe and Elgood fields, which are 100% owned and operated by IOG, and are in the…
The number of upstream projects reaching final investment decision (FID) in 2017 could double to 25 compared to only 12 last year, according to a report by Wood Mackenzie. In the first half of the year, the industry has already seen 15 project sanctions…
Yinson Holdings has signed a heads of agreement with a consortium of Japanese companies to divest 26% stake of Yinson’s wholly-owned subsidiary, Yinson Production (West Africa). The deal, worth between US$104-$117 million, is with the JV comprised of Sumitomo Corp…
Maersk Oil’s Culzean jackets have set sail for their final destination in the UK North Sea, following the completion of construction by Heerema Fabrication Group (HFG). Image from Heerema. According to HFG…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, held on March 22 of this year. The…
In just two days’ time, work putting together one of the biggest and heaviest jigsaw puzzles you could imagine is due to start offshore Shetland in the UK North Sea. Mariner topsides. Images from OE Staff…
UK regulator Oil & Gas Authority (OGA) today (22 June) unveiled a new strategy to make tight gas drilling in the southern North Sea (SNS) more economically feasible. OGA developed the strategy to encourage greater use of technology and collaboration to unlock remaining reserves…
Eni has lined up a series of agreements with the Astana government that will see the Italian giant have the rights to explore the Isatay block in the Caspian Sea. Descalzi. Image from Eni. Eni…
Engie E&P has found the cause of a gas leak that shut down production at the Gjøa field offshore Norway on Wednesday (21 June). Gjøa. Image from Engie. Engie identified the direct…
Composite for coiled tubing has been tried before, but the industry wasn’t ready yet. Norway’s Prototech is taking another look. New software optimizes composite pipe based on typical CT loading conditions…
Gulf of Mexico oil and gas operators have evacuated workers and secured offshore facilities to prepare for the impact of Tropical Storm Cindy. Source: Accuweather As a result of these precautionary measures…
Seadrill and North Atlantic Drilling Ltd. (NADL) have agreed to further extend a framework deal with Rosneft for the use of rigs until 31 May 2019. The companies first agreed on the deal on 22 August 2014. In November 2014 the long…
Renewable energy development, including technologies which extract energy from the ocean need to be funded and accelerated to meet carbon reduction targets. Engineers and scientists in Scotland and Aberdeen are ideally positioned to help governments do so…
DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
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