The ceremonial first cut of steel for the construction of the jackets on the Cygnus gas field project was celebrated today by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas at Burntisland Fabrication’s (BiFab) Methil yard in Fife, Scotland. This latest project milestone involves BiFab’s manufacturing facilities at Methil, Burntisland and Arnish [...]
International oilfield specialist Glacier Energy Services today formally opened the north-east base of its Wellclad business in Boldon – creating up to 22 new jobs in an investment worth more than £325,000 – as part of a major growth plan. Jarrow MP Stephen Hepburn met workers as he opened the office and workshop premises at [...]
International oilfield services specialist Glacier Energy Services is refocussing its business structure with the creation of specific Offshore and Engineering divisions, and appointment of managing directors to lead those operations. Glacier Offshore comprises the Roberts Pipeline Machining and Site Machining Services businesses, while Glacier Engineering is currently focussed on its Wellclad business, which delivers weld-overlay, [...]
EnQuest PLC, the largest independent UK oil producer in the North Sea, has secured a brownfield tax allowance to fully exploit its Thistle oilfield. The next phase in the life extension programme for Thistle, made possible by today’s announcement, will safeguard almost 500 existing North Sea jobs and create almost 1,000 new jobs across the [...]
Aberdeen-based subsea installation contractor Bibby Offshore has announced it will increase staff numbers by a further 60 as it takes over ownership of the Dive Support Vessel (DSV) Toisa Polaris. The vessel came under the control of Bibby Offshore in January 2012 on a two-year time charter with options to extend. This also included a [...]
GEOSHIPS Group, a marine and subsea services provider, has completed charter party negotiations with Singapore based Teras Offshore, for a new Offshore Deck Cargo Vessel, resulting in the planned recruitment of a further 40 offshore staff. Formed in 2003, Westhill-based GEOSHIPS will operate, manage and crew the DP1 (dynamic positioning) Loch Seaforth vessel, which has [...]
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![China: ConocoPhillips Creates Another Bohai Bay Oil Spill Fund]()
ConocoPhillips today announced that its Board of Directors approved the creation of a second fund and will work with co-venturer, China National Offshore Oil Corporation (CNOOC) or other appropriate parties to specifically address environmental issues in Bohai Bay, China. The company also reaffirmed its previous September 6, 2011 announcement to establish a separate fund to [...]
![USA: GE’s Acquisition of Wellstream Creates Unrivalled Player in Subsea Oil & Gas Sector]()
GE announces that another significant milestone has been reached in its strategic acquisition of Wellstream Holdings PLC. This morning, Wellstream announced that the listing of its ordinary shares (“Wellstream’s Shares”) on the Official List had been cancelled and Wellstream’s shares ceased to be admitted to trading on the London Stock Exchange as of 8 [...]
