Offshore Energy

Sub-Atlantic Scores ROV Hat Trick

Three international contracts with a combined value of over £3.5 million have been awarded to Sub-Atlantic for the manufacture of three specialist remotely operated vehicles (ROVs),

Britain Weighs North Sea Tax Breaks

Britain is considering reducing the tax bill for oil explorers in the North Sea, including a proposal from the industry to halve rates, to help revive an area already

Statoil Reports Small North Sea Discovery

Norwegian energy firm Statoil has made a small oil discovery in the northern part of the North Sea, the Norwegian Petroleum Directorate said on Monday. The well,

Oil Falls Towards $61 on Supply Outlook

Saudi's Naimi says kingdom could increase output; technical support seen as low as $40, resistance around $70. Oil fell towards $61 a barrel on Monday, reversing

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

API Publishes RP forr Structual Integrity Management

The American Petroleum Institute (API) has published a new recommended practice for structural integrity management. The new guidelines emphasise the importance

Maven Invests $6.65m in MBO of Fathom Systems

Maven Capital Partners (Maven) has led the management buy-out of subsea technology firm, Fathom Systems Limited. The $6.65million investment by Maven in the

Statoil Awards Mariner Contract to Schlumberger

Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

DNB Bank: Loan Book Risk is Manageable

Norway's DNB bank, one of the lenders most exposed to the energy sector, has tested its loan book against big oil price falls and expects losses to remain below their usual levels next year,

Schlumberger Wins Statoil Mariner Services Contract

Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf

Norway's PSA Denies BP Platform Use

Norway's oil safety watchdog, the PSA, has denied BP's request to extend the lifetime of the QP platform at the Valhall field, which provides living quarters for workers,

Petrobras Graft Involves at Least 28 Politicians

At least 28 Brazilian politicians, including government ministers, governors and congressional leaders, allegedly received money from a corruption scheme that diverted

Oil Price Bloodbath will Fuel Sector M&A Activity

Cash-rich majors the most likely buyers; M&A flurry expected once oil prices stabilize. Large oil companies flush with cash are expected to seize on the recent

Oil Rallies to $60, but Headed for 4th Weekly Decline

Saudi oil minister says crude's price slump is temporary; Oil firms need to cut 2015 spending by $170 bln - Wood Mackenzie Brent crude oil rose to around $60 a barrel on Friday,

EnBW Buys Albatros Offshore Wind Project

German utility EnBW has bought Albatros, an offshore wind power project owned by Strabag and Norderland-Gruppe, for an undisclosed sum, the company said on Friday.

Norway Delays New Oil & Gas Licensing Until 2015

Norway has delayed the launch of its 23rd oil and gas licensing round until next year, the oil ministry said on Friday. The ministry did not give a reason for

Nordic Yards Delivers 'Wind Server'

  Nordic Yards officially handed over the offshore service vessel to the Danish company DBB Jack-Up Services A/S. During the handover ceremony, the ship was named ‘WIND SERVER’.

Reports on Rosneft Arctic Projects

On December 18, Member of Rosneft Board of Directors, special representative of President of the Russian Federation on international cooperation in the Arctic

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