Stay up to date with the latest news and updates from the oil industry.
Technip was awarded by Nexen Petroleum U.K. Limited a lump sum contract, worth approximately €135 million, for the Golden Eagle development located 110 km North-east of Aberdeen in 115 m of water. This contract is the largest ever awarded to Technip for a project in the UK Continental Shelf.
Scientists in London argue that fracking is unlikely to cause an earthquake greater than 3.3 on the Richter scale.
Mitsubishi Heavy Industries Compressor Corporation (MCO has received orders for three compressor trains and a power generation system to be used at Shell’s FLNG facility to the Prelude field located off the northwest coast of Australia.
Despite a tax increases and a murky economic outlook, a report by Wood Mackenzie reveals that capital investment in the UK oil industry hit a record breaking £7.5 billion last year.
FMC Technologies has signed an agreement with Anadarko Petroleum Corporation to continue providing subsea systems support.
US Treasury Secretary Timothy Geithner has met leaders in Beijing to discuss the possibility of Chinese support for sanctions on Iranian oil.
Statoil ASA together with its partners Eni Norge AS and Petoro AS have made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents Sea.
RenewableUK praises National Grid’s successful management of high levels of wind output as wind farms reach a high of 12.2% of the UK’s electricity demand.
FMC Technologies, Inc. has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately US$ 150 million.
Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea.
Total has signed two exploration licenses with the Mauritanian government that gives it, as operator, a 90% interest in Block C 9 in ultra deep offshore and Block Ta 29 onshore in the Taoudeni basin.
Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator's Bøyla project on the Norwegian continental shelf.