BMT Group Ltd, an international design, engineering and risk management consultancy, has announced a solid financial performance for the year to 30 September 2013. Although market conditions have been challenging, BMT secured revenues of £163.3 million ($273.5 million) , an increase of 5% year on ye
ATR Group, the global equipment specialist, has invested £1 million ($ 1.67 million) in new equipment and almost doubled its UES (Underwater Engineering Services) workshop facility to meet a growing demand from the subsea sector. The expenditure in the Aberdeen-based Group’s marine and subsea projec
RES Offshore has signed an Operations and Maintenance (O&M) services contract with the Offshore Renewable Energy Catapult for the met mast installed approximately 3 nautical miles off Blyth and close to the location of the proposed nearest shore array of the Blyth Offshore Wind Demonstration Project
AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, has reported the semi-submersible drilling rig “Kan Tan IV” started drilling the Oi-1 exploration well at 18:30 hours (6.30pm) NZDT on Friday, 30 May 2014. The Oi-1 exploration well is located approximately 12
Winter may mean storms and battered coasts onshore. However, there are many opportunities for well-planned inspections, maintenance, training, essential documentation and certification to make life more productive offshore. Once offshore activity is put into a strategic framework, the dark months of
Winter may mean storms and battered coasts onshore. However, there are many opportunities for well-planned inspections, maintenance, training, essential documentation and certification to make life more productive offshore. Once offshore activity is put into a strategic framework, the dark months of
Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil’s wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and inter
Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484). Although hydrocarbon shows were found in two sections, the well will now be plugged and abandoned without further testing. The main target of the well was in the Middle Jurassic. Sandstones with hydrocarbon satu
Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria. The contract is for a firm period of 5 years and has a total revenue potential for the primar
Faroe Petroleum, an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, has announced the spudding of the Centrica-operated Butch South West exploration well 8/10-6S (Faroe 15%). Butch South Wes
Norwegian authorities have rejected an appeal from Greenpeace, thereby giving Statoil final permission to begin exploration activities on the Apollo prospect in the Barents Sea. The appeal concerned the company’s discharge permit, and the decision from the Ministry of Climate and Environment states
McDermott, a provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, moves up in selection for the Indonesian gas project. McDermott International, Inc. has announced today that a consortium, which includes subsidiarie
Total has signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion and is subject to customary approvals. “The sale of our interest in Shah Deniz is in line with Total’
ConocoPhillips has received consent for the removal and final disposal of accommodation and office modules at Ekofisk 2/4Q in development licence 018. Ekofisk 2/4Q is located in the Ekofisk complex and has operated as a combined accommodation and office module. The activity is scheduled to start in
