Offshore Energy

Will You Make the Most of North Sea Decommissioning?

Recent reports indicate that the scale of opportunity arising from North Sea decommissioning is growing, with industry set to spend at least $56.16billion by 2040.

Jee Joins Lineup at Subsea Integrity Conference

Jee technical director and courses specialist to join industry experts to deliver critical subsea integrity insight at the first Subsea Integrity Conference North Sea.

BMT Names New Offshore O&G Sales Manager

BMT Group Ltd (BMT) has appointed Ray McGlynn as Sales Manager for Offshore Oil and Gas. McGlynn will be responsible for European and African regional sales support and assisting Louise Ledgard,

Shell: "Substantial" Gabon Gas Find

Shell has announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir.

Oil Above $86, Recovery Holds

U.S. crude stocks rise less than expected - API. Oil edged further above $86 a barrel on Wednesday after an industry report showed a smaller-than-expected rise in U.

Total Names Pouyanne, Desmarest to C-Suite Slots

French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman. The

Wind Could be 20 pct of Global Power by 2030

Installed wind capacity totalled 318 GW at end of 2013; could surge by 530 pct to 2,000 GW by 2030. Installed wind power capacity could swell by 530 percent to 2,

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

French Prosecutors Open Probe into Total's CEO Death

Paris prosecutors opened a manslaughter investigation following the death of Christophe de Margerie, the head of French oil group Total, in a plane crash in Russia,

Finances Delay Norway Oil Projects

Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead,

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

Ocean Power Technologies to Deploy PB40 PowerBuoy Off New Jersey

Ocean Power Technologies, Inc., announced today that the PB40 PowerBuoy(R) fabricated for the WavePort Project has shipped from Santander, Spain to Bayonne, NJ

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Changing Direction of Pipeline Flow

Most pipelines only flow in one direction, usually from an oil or gas source to a market hub. But what happens if contingencies change, with source and hub effectively

Somalia Aims to Get Oil Flowing by 2020

Call for oil majors to lift force majeure Petroleum ministry talking with regional governments Improved offshore security should enable exploration Somalia

Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas

Turkish research vessel, frigate south of Cyprus coast Cypriot govt says research attempt violates sovereignty Turkey doesn't recognise Greek Cypriot

Rocksource Soars on Arctic Securities Bid

Norwegian brokerage Arctic Securities has been mandated by a financial investor to buy at least 20 percent of oil and gas explorer Rocksource at an 80 percent premium,

Songa Offshore Rig Suffers Engine Failure

Norwegian offshore driller Songa Offshore suffered an engine failures on its Songa Dee rig during a yard stay and the vessel will not leave the yard until Nov. 7,

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