• Chrysaor will acquire all of ConocoPhillips’ UK assets

    April 18, 2019

    Chrysaor has reached a deal to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. Chrysaor is a private company established in 2007 focussing on generating superior equity returns by developing and commercialising oil and gas incremental resources. This acquisition supports Chrysaor’s goal of becoming ‘one of Europe’s leading independent, full cycle exploration and production companies’. The assets being acquired produced approximately 72,000 barrels of oil equivalent per day in 2018. Read more…
  • Hurricane Energy spuds Warwick Deep well

    April 17, 2019

    Hurricane Energy, the UK-based explorer focused on naturally fractured basement reservoirs, has announced that its 205/26b-C well – also known as Warwick Deep – was spudded on 16 April 2019 using the Transocean Leader rig. Warwick Deep is the first in a three-well programme on Hurricane’s Lincoln and Warwick assets in the Greater Warwick Area. Hurricane has a 50% interest in the area following Spirit Energy’s farm-in to the P1368 South and P2294 licences in September 2018. Read more…  
  • Rever Offshore adds subsea expert to board

    April 12, 2019

    Subsea services provider Rever Offshore has announced the appointment of Bob Bryce to the newly created role of operations director. Bryce joins the executive team to oversee operations, assets & services and QHSE functions, and brings experience from a 40-year career in the oil and gas industry. He joins as the company announces a board re-structure, reflecting its commitment to strengthen operational execution and focus upon growth opportunities. Rever says that an increase in flexibility and responsive decision-making will allow it to reinforce client relationships and exceed expectations. Read more…  
  • Ensco and Rowan complete merger

    April 12, 2019

    Drilling contractors Ensco and Rowan have confirmed the completion of their previously announced merger. The newly formed EnscoRowan will maintain its headquarters in London, UK, and a significant presence in Houston, Texas. The company says it now operates the world’s largest offshore drilling fleet, with executives stating that the merger offers increased scale, diversification and financial strength in drilling across all water depths. Read more…  
  • Tendeka’s North Sea projects experience major growth

    April 11, 2019

    Tendeka, a global specialist in advanced completions and production solutions for the oil and gas industry, has more than doubled its work in the UK offshore sector over the past year. This growth has led the company to make a substantial capital investment in manufacturing facilities, expanding their use of local supply chain and in-house capabilities. Read more…
  • Kongsberg debuts new GeoPulse USV

    April 11, 2019

    Kongsberg Maritime has launched its latest unmanned surface vehicle (USV) at an event in Southhampton. The GeoPulse USV includes the company’s latest lightweight sub-bottom profiler, allowing the vehicle to map environments beyond the limits of conventional platforms – either autonomously or remote-controlled – up to a range of 2km. The GeoPulse USV’s electric motors provide six hours’ endurance at a survey speed of six knots, with an interchangeable battery pack. Its compact form factor and agility enables coverage of areas inaccessible by more conventional launches, while adaptable digital processing and waveform selection technology (2-18Khz) ensures that the optimal power signature, pulse ...
  • Well-Safe buys dedicated P&A asset

    April 9, 2019

    Well-Safe Solutions has agreed to acquire the Ocean Guardian semi-submersible drilling rig from current owner Diamond Offshore, with a view to converting the asset into a bespoke plug and abandonment (P&A) unit. Upon delivery, Well-Safe intends to begin work immediately to upgrade the rig, renaming it the ‘Well-Safe Guardian’. This will see around $100 million invested in upgrades, including the installation of a dive system and the capability to deploy a subsea intervention lubricator (SIL) – technology which is nearing completion of the design and engineering phase, supported by the Oil and Gas Technology Centre (OGTC). Well-Safe is already progressing conversations to ...
  • Decipher delivers first oil from Orlando Field

    April 8, 2019

    North Sea-focused development and production operator, Decipher Production, has announced the commencement of production from the Orlando Field. Drilled and completed in June 2018, Orlando development well 3/3b-13Y showed good porosity and excellent oil saturation, and was able to deliver anticipated peak production rates of over 10,000 barrels of oil per day. The field has since been tied back to the Ninian Central Platform via an 11km pipeline, and will then be transported through the Ninian Pipeline System to the Sullom Voe Terminal for processing and offtake. Decipher has said it is also maturing the potential high-value Senna and Mansell discoveries, and ...
  • Kishorn Port secures Waste Management Licence and further investment

    April 5, 2019

    Kishorn Port Ltd (KPL) has secured a Waste Management Licence (WML) from the Scottish Environment Protection Agency (SEPA) for the decommissioning of offshore oil and gas assets at Kishorn Yard and dry dock. KPL recently completed a further programme of investment on the site, assisted by a grant from the latest round of the Scottish Government’s Decommissioning Challenge Fund (DCF). This included consultancy work for licence applications, additional upgrades and repairs to the dry dock and the provision of a drainage development plan. KPL has also been awarded £550,000 from Highland and Islands Enterprise (HIE) towards the purchase of two dry dock ...
  • Dräger secures £1 million of North Sea safety contracts

    April 4, 2019

    Dräger Marine & Offshore will supply equipment which detects and protects workers from hazardous gases to 23 platforms across the North Sea, under three new contracts worth more than £1 million. The deals involve provision of portable gas detection equipment to three major operators over five years, including more than 1,700 personal gas monitors designed to warn personnel of potential dangers. Dräger designs and manufactures the sensors, which have a five-year warranty, to lower operational costs without compromise to safety. Read more…