Towards smarter and greener decommissioning

Project and financing models for decommissioning are moving up oil and gas operators’ agenda worldwide as ‘lower for longer’ oil prices raise questions about how long ageing assets can operate viably beyond their design lives.

Norway's oil fund hits $1000000000000 in value

Norway’s sovereign wealth fund, popularly known as the oil fund, has this week reached a staggering value of ...

read more →

Ireland: Providence presses on with Barryroe drilling plans

Irish oil and gas company Providence Resources has decided to push forward drilling plans of the Barryroe oil ...

read more →

Consolidation to hit offshore drilling industry (or not?)

By: David Carter Shinn Rig owners’ aversion to consolidation creates a barrier which slows progress toward ...

read more →

DSME preparing appeal to Songa Offshore arbitration ruling

South Korea’s Daewoo Shipbuilding and Marine Engineering, DSME, is set to appeal against an arbitration ...

read more →

Wilhelmsen increases stake in NorSea Group

Global maritime industry group Wilhelmsen has increased its shareholding in Norwegian service provider to the oil ...

read more →

Alpha Petroleum picks Awilco for Cheviot field drilling

Offshore drilling contractor Awilco Drilling has received a letter of award from UK oil firm Alpha Petroleum ...

read more →

Statoil hires Aker Solutions to boost Troll output

Norway’s Aker Solutions won a contract from Statoil for front end engineering and design of a module that ...

read more →

Unique, Innovo team up to expand into Middle East and Asia

Unique Group, a subsea and offshore solutions provider, has entered into a cooperation agreement with UK-based ...

read more →

M2 Subsea unveils new ROV test tank

ROV services provider M2 Subsea has unveiled its recently commissioned purpose-built test tank at the company’s ...

read more →

PHOTO: 'SBM Installer' resting with Monaco's jet-set

SBM Offshore has posted an image on its social media channels on Wednesday showing the diving support and ...

read more →

BP installs second Shah Deniz 2 platform

Oil major BP has installed the topsides of the production and risers (PR) platform for the Shah Deniz Stage 2 ...

read more →

Ocean Rig in 1-for-9200 reverse share split

Offshore drilling company Ocean Rig on Wednesday announced a reverse stock split of 1-for-9200 common shares. This ...

read more →

UK O&G production with only a decade to go?

The Scottish and UK oil industries are entering their final decade of production, a research cited by a Scottish ...

read more →

Report: Indian oil firm makes large offshore oil discovery

Illustration

India’s ONGC has reportedly made a large oil discovery near its Mumbai High offshore oil fields, off ...

read more →

Teekay’s Randgrid FSO reaches Gina Krog field

Teekay’s recently converted floating storage and offloading vessel Randgrid has reached its final offshore ...

read more →

Maersk sells tanker business

Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell ...

read more →

Balmoral Group buys stake in Ace Winches

Design, engineering, and manufacturing company Balmoral Group has taken a substantial stake in hydraulic winches ...

read more →

Statoil: Worker injured on Mariner A released from hospital

An offshore worker who was injured this week while working aboard the Statoil-operated Mariner platform in the UK ...

read more →

Wintershall gets nod for Balderbrå drilling

Wintershall gets nod for Balderbrå drilling

The Norwegian offshore safety body, Petroleum Safety Authority Norway, has given a nod to Wintershall to drill an ...

read more →

Lundin chooses ASCO for Barents Sea supply base deal

Supply base operator to the global oil and gas industry ASCO Norway has been awarded a contract for a total supply ...

read more →

Total invests in renewables, energy efficiency

French oil major Total which recently announced the acquisition of Maersk Oil for $7.45 billion, is also investing ...

read more →

Bassoe: Offshore drilling rig empires to take over industry

Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be ...

read more →

PHOTO: Culzean-bound FSO Ailsa hits the water

Danish oil firm Maersk Oil has shared a photo on its social media channels showing its Culzean field-destined Ailsa ...

read more →

NADL gets NYSE boot

North Atlantic Drilling, a subsidiary of offshore driller Seadrill, is set to be delisted from the New York Stock ...

read more →

Averøy to host Deepsea Bergen rig ahead of OMV drilling work

Norwegian offshore driller Odfjell Drilling has chosen the Averøy Industripark AS industrial area to place its ...

read more →

Safety body finds room for improvement on Visund A

Norwegian oil and gas safety body, the Petroleum Safety Authority (PSA), has found several non-conformities and ...

read more →

VIDEO: Statoil Cat J rigs on their way to Norway

Norwegian oil giant Statoil is preparing to welcome the first of the two high-spec Cat J jack-up rigs built by ...

read more →