NERA Announces Funding for Subsea Equipment Reliability Project Feb 16, 2018
National Energy Resources Australia (NERA) is supporting the Transforming Australia Subsea Equipment Reliability (TASER) project, led by Wood and in collaboration with Chevron, Shell and Woodside, by providing AUD 145,000 of funding over 2 years.

North Sea Exploration Success for BP Feb 1, 2018
BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.

Total Reinforces Its Position In Deepwater Gulf of Mexico by Entering the Anchor Discovery Jan 25, 2018
Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico...

OSRL Launches Offset Installation Equipment for SWIS Members Jan 17, 2018
Oil Spill Response Limited (OSRL) has announced that its latest development in subsea well capping technology is now available to its members.

Subsea Variable Speed Drive Completes Successful Shallow Water Test Dec 15, 2017
The first full scale prototype of a subsea variable speed drive (VSD) has been successfully tested in a sheltered harbour in Vaasa, Finland, taking the vision of an all-electric subsea processing facility one step closer to reality.

Ashtead Teams Up with Newton Labs to Deliver Underwater Inspection for Subsea 7 Dec 14, 2017
Global subsea equipment specialist, Ashtead Technology has successfully delivered an advanced subsea laser scanning project for Subsea 7 on Chevron’s Captain field located in the UK North Sea.

The Azerbaijan Government and Co-Venturers Sign Amended and Restated Azeri-Chirag-Deepwater Gunashli PSA Sep 15, 2017
The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh have signed the amended and restated agreement...

Small Gas Discovery on the Korpfjell Prospect in the Southeastern Barents Sea Aug 29, 2017
Lundin Petroleum AB has announced that Statoil AS has completed the Korpfjell exploration well 7435/12-1 in PL859 in the southeastern Barents Sea. The well proved a small, non-commercial gas discovery.

Software Specialist Arnlea Lands Contracts with Operators Aug 25, 2017
Arnlea, an established oil and gas asset management software business, has secured contracts with two operators.

Second Small Gas Discovery in the Barents Aug 7, 2017
Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil.

Decommissioning Debate to Take Centre Stage at SPE Offshore Europe 2017 Aug 1, 2017
Decommissioning will be a special focus at SPE Offshore Europe 2017 with a range of expert speakers announced as part of the plenary and new Decommissioning Zone technical programme.

Proserv Secures Series of Decommissioning Contracts in Asia Pacific Jul 26, 2017
Energy services company Proserv has been awarded a series of contracts worth around USD 4 million for its well severance, platform and FPSO decommissioning services in the Asia Pacific region.

Ensco plc Announces Three Drillship Contracts Jul 12, 2017
Ensco plc has announced that it has been awarded three drillship contracts offshore West Africa, representing an aggregate 3 years of contracted term and more than 6 additional years of options.

BP Celebrates 40 Years of Production at Prudhoe Bay Jun 21, 2017
The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine...

Wood Group Signs Global Master Services Agreement with Chevron May 18, 2017
Wood Group has signed a 10-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple location...