M2 Subsea Secures Contract with Premier Oil

Global independent provider of ROV services, M2 Subsea, has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV). M2 Subsea, which has bases in Aberdeen and Houston, will carry out the 2018 inspection of the vessel’s hull, flowlines, umbilicals, risers and subsea template. The Balmoral is a purpose-built semisubmersible

Continue Reading →

Result of Arbitration Between Tullow Oil and Kosmos Energy

Tullow Oil PLC (LON:TLW) and Kosmos Energy Ltd (LON:KOS, NYSE:KOS) have announced the outcome of an arbitration process, which results in the latter avoiding a US$50.8mln bill. It comes after Tullow ended on the wrong side of a separate dispute, earlier this month with the English courts, which awarded in favour of rig contractor Seadrill. /6519473/Unruly_in_article_NA On July 3,

Continue Reading →

BP’s ETAP Hub Celebrates 20 Years of Production

ETAP, often regarded as one of the most ambitious and commercially complex developments in the North Sea, comprises multiple fields with varying ownership arrangements sharing a central processing facility (CPF). The Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child” for its Maximising Economic

Continue Reading →

Goldman Sachs says U.S. Political Policy Making Oil Volatile

U.S. political decisions are helping make volatility the new normal in the global oil market and muddying the outlook for prices, according to Goldman Sachs Group Inc. The potential release of crude from America’s emergency supplies, signs that Saudi Arabia is responding to increased pressure from President Donald Trump to pump more, and rising uncertainty

Continue Reading →

Exploration, Development Surging Offshore Norway, Report Finds

Twenty field development projects are under way offshore Norway at present, according to the Norwegian Petroleum Directorate’s (NPD) review of activity across the shelf during the first half of the year. So far this year the industry has drilled 86 new development wells on Norwegian fields, in line with the corresponding period in 2017. No new fields have

Continue Reading →

← Previous Page