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Norwegian subsea technology firms are pushing ahead with technologies to enable a new wave of seafloor field development.
Subsea 7 CEO Jean Cahuzac expects the subsea market will see more awards coming its way in first-half 2018 for subsea umbilicals, risers and flowlines as well as conventional projects.
N-56 report said industry and government must develop a plan that is pragmatic, has a global focus and is designed to capitalize on Scotland’s natural advantages.
What was once to be the National Subsea Research Institute has been downgraded to a research initiative.
The multiphase helico-axial pump was installed as part of the multiport manifold originally supplied by Framo to Oilexco, which went under early in the recession with the assets picked up by Premier as part of its strategy to get into the UK sector.
The threat of possible strike action continues to hang over the U.K. North Sea.
The latest international survey of the offshore oil and gas sector reminds the industry of some of its worst ills that have only been exacerbated by the current low-price environment.
The rampant cost inflation which U.K. North Sea producers have been battling against in recent years was starkly highlighted at an industry event in Aberdeen.
The major problems facing the drilling industry become more apparent as each week passes.
Aberdeen City Council is now arranging a job summit, amid fears thousands of posts could be axed, but fears have been expressed the event could achieve nothing.
The Aberdeen region has been given a £504 million (US$727 million) boost as it faces up to the oil price crisis. The funding will be paid over the next five to 10 years to improve infrastructure and attract jobs.
The UK government has finally unveiled a package of measures to help the country’s ailing offshore industry which it says will encourage more than £4bn of additional investment over the next five years.
After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea.
The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.
Hansa Hydrocarbons has taken its first steps into the Danish offshore sector with the provisional award of two new licences in the country’s seventh licensing round.
Statoil has been awarded six licensing options in Ireland’s 2015 Atlantic Margin Licensing Round. Statoil will operate four of the licensing options and partner in two operated by Exxon Mobil.
Ending a saga worthy of a James Joyce novel, Shell has finally brought the Corrib Field offshore Ireland onstream, more than 15 years after project consents were first issued.
The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.
Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen.
A new centre for well innovation (CWI) could make its way here.