Energy Maritime Associates (EMA) predicts US$130 billion will be spent on floating production units by 2018. A report by the Society of Petroleum Engineers said that continued expansion in the use of subsea production technologies, coupled…
Oil & Gas UK has underlined calls for a need to change how the UK North Sea oil and gas industry is managed by warning that exploration in the basin is facing its biggest challenge in 50 years and that capital spending is expected to halve by 2016-17…
ULSTEIN has announced shipbuilding contracts for two new platform supply vessels (PSVs) for its investmetn arm Blue Ship Invest. The vessels are of the PX121 design (pictured) and are scheduled for delivery from Ulstein Verft Q1 2015…
Wood Group PSN (WGPSN) has been awarded its first major contract in the UK in 2014. The five year contract from Talisman Sinopec Energy UK is valued at US$500 million and includes an option for two additional, two year extensions. Under the scope…
Lloyds Register Group subsidiary Senergy has joined oil and gas engineering services firm Plexus Holdings' on-going joint industry project (JIP) to develop and commercialize a new and safer subsea wellhead, using Plexus' patented POS-GRIP technology…
The third phase of the Na Kika field in the Gulf of Mexico recently entered production, BP announced. Phase 3 production started on 19 Feb 2014, with a second well expected to come online 2Q 2014. Sitting in around 6300ft of water…
Tri Tool Inc. introduced a new high production counterboring service for the offshore market. To meet the demand for deep counterbore machining of steel catenary risers and critical pipeline needs in the Gulf of Mexico, Tri Tool has designed…
Maersk Drilling has taken delivery of its first ultra-deepwater drillship, Maersk Viking (pictured), from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking has started its voyage to the US Gulf of Mexico…
ALS Oil & Gas, the new international oilfield services company, formed through the acquisition of Reservoir Group by ALS Ltd. in 2013, has acquired the North American completions services provider, BMP Enterprises LLC (BMP). The acquisition…
How to increase exploration drilling rates on the UK Continental Shelf forms the largest section in today’s Wood Review report (see http://www.oedigital.com/component/k2/item/5082-all-eyes-on-north-sea-oil for more). Better seismic, data sharing…
Saipem has won new engineering & construction offshore contracts in Indonesia and in the Republic of Congo, for a total amount of about US$520 million. In Indonesia, Eni has awarded a consortium led by Saipem the EPCI contract for a new…
Russia-based Gazprom and Shell signed an agreement for the preparation of FEED documents for the production of LNG within the Sakhakin II project off Sakhalin Island, Russia. “We welcome the sequential approach of our partner Gazprom to expanding the LNG plant in the Prigorodnoye settlement…
The UK’s North Sea oil and gas industry was put under a national spotlight today, both by the industry and the nation’s politicians. The industry and government welcomed the outcome of industry veteran Sir Ian Wood’s UKCS Maximizing Recovery Review final report…
Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…
The US rig count increased by seven to a total of 1771 for the week of 21 Feb 2014, according to Baker Hughes Inc. This is an increase of 10 rigs from last year, and seven from the previous week. Of the total, 1425 vessels are exploring for oil…
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