Heerema Fabrication Group has received a procurement and construction contract for the Peregrino II jacket by South Atlantic Holding, on behalf of Statoil. The Peregrino jacket will be approximately 135 meters tall, with a footprint of
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ABB has secured three years’ funding for its program aimed at developing subsea power factories for the oil and gas industry. The funding was obtained from the Research Council of Norway, which has awarded ABB a NOK
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ROYAL Dutch Shell’s new finance chief has said the company will continue to invest in the North Sea where it is making good returns but declined to rule out selling off more UK assets. Speaking
Read moreFirst oil has begun to flow from the Shaw field, part of the major redevelopment of the Montrose Area in the Central North Sea, operated by Repsol Sinopec Resources UK. The Montrose Area Redevelopment (MAR)
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Deep Down, an oilfield services company, has reported net income for the quarter ended March 31, 2017 of $64,000, or $0.00 earnings per diluted share, compared to a net loss of $450,000, or $0.03 loss
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Norwegian oil services company Aker Solutions has reported net income of NOK 62 million ($7.3 million), or NOK 0.23 in the first-quarter 2017, versus net income of NOK 169 million ($19.5 million), or 0.53 NOK
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A new centre of excellence for testing emerging technologies in the subsea sector is to be established with support from Scottish Enterprise. Balmoral Offshore Engineering, based in Aberdeen, is creating a new open access hyperbaric
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Anadarko has made its third discovery in deepwater offshore Colombia, with the Gorgon well. The Gorgon-1 well encountered 260-360ft net of natural gas pay, according to Anadarko. Partner Ecopetrol said the well showed gas presence
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JDR, the leading supplier of subsea power cables and umbilicals to the global offshore energy industry, has signed a memorandum of understanding (MOU) with Magma Global (Magma), the manufacturer of high performance carbon fibre and
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Total has started up production from the Badamyar project, located offshore 220 kilometers south of Yangon in the Republic of the Union of Myanmar. The project will enable an extension of the Yadana gas field’s
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