Seadrill Limited sells the semi-submersible rigs West Leo and West Sirius to Seadrill Partners LLC
Dec 4, 2013
Seadrill Limited has entered into an agreement with Seadrill Partners (Seadrill Partners) pursuant to which the Company will sell to (i) Seadrill Operating LP, the Company's 70% owned subsidiary (Seadrill Operating),

Minesto wins international ‘industry pioneer’ tidal energy award
Dec 3, 2013
Minesto has won the Industry Pioneer Award at the International Tidal Energy Summit in London. Minesto was awarded the prize for having proved that it is possible to harvest electricity from low

EV Launches Innovative New Video Technology
Dec 2, 2013
EV, a specialist in downhole video technology, has launched its Optis HD Electric line camera to the well intervention market, which can provide vital well diagnosis saving time and reducing risk.

MacGregor subsea crane package ordered for Canadian construction project
Nov 29, 2013
MacGregor, part of Cargotec, has secured a new subsea crane contract that will see the load handling specialist deliver a package of three cranes to a new offshore accommodation & construction vessel being built at Chantier Davie Canada.

Schlumberger Introduces new generation surface multiphase Flowmeter
Nov 28, 2013
Schlumberger has released the Vx Spectra surface multiphase flowmeter, which is the latest generation of multiphase flowmeters for offshore and land applications. The new multiphase flowmeter enables operators to obtain

EU domestic shale gas production could add a million jobs, new study shows
Nov 27, 2013
The development of shale gas in Europe could add as many as one million jobs to the economy, make industry more competitive and decrease the region’s dependence on energy imports, according to a new study released today.

Aker Solutions sells well-intervention services business to EQT
Nov 26, 2013
Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion.The agreement includes an earn-out provision where Aker Solutions will receive 25 percent

Prosafe signs $98 million contract with BP
Nov 25, 2013
Prosafe has signed a contract with BP Exploration Operating Company Limited ('BP') for the Safe Caledonia to provide accommodation support at the Eastern Trough Area Project (ETAP) in the UK sector of the North Sea.

First loan to the Government of Bangladesh to support more efficient electricity generation
Nov 22, 2013
The European Investment Bank (EIB) has agreed to provide EUR 82 million to the Government of Bangladesh (People’s Republic of Bangladesh) to support more efficient power generation in the country and reductions in emissions.

SBM and MSTS/Falck Safety Services Malaysia announced winners at global safety awards
Nov 21, 2013
The winners of OPITO’s annual global oil and gas workforce safety awards have been announced in the presence of Suhail Mohamed Al Mazrouei, the Minister of Energy for the United Arad Emirates.

FoundOcean leads latest wind-industry development off the northeast coast of the UK
Nov 20, 2013
FoundOcean has started work on a ground-breaking offshore wind farm off the northeast coast of the UK. The wind farm is using the latest design in

DONG Energy to build Gode Wind 1 and 2 offshore wind farms in Germany
Nov 19, 2013
DONG Energy has decided to build the offshore wind farms Gode Wind 1 and 2 in the German part of the North Sea. The construction will represent a total investment of approximately EUR 2.2 billion [DKK 16.4 billion]. Gode Wind 1 (330 MW) and 2 (252 MW) will consist of 97 turbines from Siemens Wind Power

Innovation award for Damen-built Yacht Support vessel, GARÇON
Nov 18, 2013
The Damen-built 67m Fast Yacht Support vessel, GARÇON, has won the ISS Awards of Distinction for Innovation at the International Superyacht Society Awards Gala in Fort Lauderdale.GARÇON came out top of an industry-led voting process that assessed five shortlisted entries in the competitive

Latest PGS multiClient acquisition offshore Ireland combines Towed Streamer EM with 2D seismic
Nov 15, 2013
Petroleum Geo-Services (PGS) has completed the first ever full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer® seismic. The first datasets for this MultiClient acquisition will be available late Q2 2014. The program, which was undertaken with industry support, consisted of approximately 3,000 line km of seismic

Platts Survey: OPEC Pumps 29.9 Million Barrels of Crude Oil Per Day in October
Nov 14, 2013
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released Platts survey of OPEC and oil industry officials

Breakthrough for marine energy with 'underwater kite'
Nov 13, 2013
The Deep Green ‘underwater kite’ marine power plant is now producing electricity in the waters off Northern Ireland. This is the first time ever a marine power plant designed for low velocity currents produces electricity at sea, anywhere in the world,

Sureclean announces £2million equipment investment
Nov 12, 2013
International industrial cleaning contractor Sureclean has invested £2million in equipment during 2013, increasing its fleet by around 10% which has allowed the company to significantly expand its global service offering. Aberdeen and Alness-based Sureclean has made substantial investment into vacuum transfer technologies, increasing

Statoil announces exciting exploration plans for the NCS in 2014
Nov 11, 2013
Statoil is pleased to announce an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years. Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated.

CGG To Acquire Large Pemex Survey in Gulf of Mexico
Nov 8, 2013
CGG has been selected to acquire a large high-end seismic acquisition survey in the Mexican waters of the Gulf of Mexico on behalf of Pemex. The survey is phase 5 in Pemex’s Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide.

Qatargas and Centrica sign a Four and a Half Year Sales and Purchase Agreement
Nov 7, 2013
Qatar Liquefied Gas Company Limited (4) (Qatargas 4) and Centrica LNG Company Limited signed a flexible SPA for four and a half years starting in June 2014 and covering a volume of up to 3 million tonnes of LNG per year. The LNG will come from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell,

Statoil farms down exploration licences to OMV
Nov 6, 2013
Statoil has signed an agreement to farm down in five exploration licences in the Faroe Islands and two in Norway to the Austrian oil and gas company OMV. This agreement is a result of the larger OMV transaction, announced in August,

CIS Group Introduces Subsea Piiling Services & Remotely-operated Subsea Piling System
Nov 5, 2013
Conductor Installation Services Ltd (CIS), an Acteon company, has launched a new service line: Subsea Piling Services. The announcement coincides with the introduction of the new CIS Subsea Piling System, a remotely-operated system that the company developed to drive piles

Schlumberger Releases Wireless Downhole Reservoir Testing System
Nov 4, 2013
Schlumberger has released the Quartet downhole reservoir testing system enabled by Muzic wireless telemetry, which provides data in real time for validation so that critical information is available to meet the well test objectives.

Shell moves ahead with 80,000 barrel per day Carmon Creek project
Nov 1, 2013
Royal Dutch Shell plc announced its decision to proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day. Carmon Creek is a thermal in situ project that is 100 per cent Shell owned and will be part of the