The UK’s prolonged winter muted drilling and deals growth in the North Sea after a strong finish to 2012, according to a new report from Deloitte, the business advisory firm, into offshore activity. The report, compiled by Deloitte’s Petroleum Services Group (PSG)…
BP began production from the PSVM development in block 31, off Angola. Three wells at the Plutao field are expected to increase production at PSVM to about 70,000b/d of oil. Output will increase to 150,000b/d once Saturno, Venus, and Marte fields come online later this year and next…
Heerema Fabrication Group (HFG) in the Netherlands has received the contract from Technip France for the Procurement and Fabrication of the DONG Hejre jacket, piles and pre-drilling wellhead deck destined for the Hejre oil & gas field located in the central part of the North Sea offshore Denmark…
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi.The US$500 million competitively…
Tenaris renewed a long-term supply deal with Brazil’s Petrobras last month. Under the agreement, Tenaris will supply large diameter casing pipes with TenarisHydril Wedge Series 500 premium connections and other products until 2017.
Production has begun from BP and Sonangol’s PSVM development in block 31, off Angola. The PSVM development, BP’s second operated development in the country, consists of four oil fields: Plutão, Saturno,Vénus, and Marte. Three wells at the Plutão…
The offshore industry’s highest achievers were recognised at last night’s 2013 Offshore Achievement Awards, with Malcolm Webb, chief executive of Oil & Gas UK, picking up the Significant Achievement accolade.The 27th awards ceremony, which saw a record attendance of 530 guests…
Ocean Installer has been awarded a major Engineering, Procurement, Construction, Installation (EPCI) contract for subsea installations and tie-in operations at the Statoil operated fields Gina Krog (former Dagny) and Eirin.The total contract value is approximately USD 85 million (NOK 500 million)…
Aker Solutions, the international oil services provider, has secured a NOK 650 million (GBP 70 million) contract with BP to help redevelop one of the largest oil fields in the UK sector.The Aberdeen operation of Aker Solutions will manufacture…
Offshore engineering firm GMC Ltd. provides this video of the 2,500-ton CX-15 buoyant tower, touted at the world's largest, being installed at Corvina Field off Peru for BPZ Energy. The tower hull measures 69.9m with four, ring-stiffened…
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…
BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Norway-based oilfield services firm Aker Solutions has bought Managed Pressure Operations International (MPO).MPO, registered in Cyprus with operations in Singapore, Dubai, Jakarta and Houston, has developed a next generation of continuous circulation…
Bremerhaven, 15 February 2013. Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period in the years 2003 to 2008. Five years ago…
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