Offshore news

Minor oil discovery north-west of the Gjøa Field in the North Sea – 35/9-13, 35/9-14 and 35/9-14 A

A leading energy economist has predicted that total field expenditures in the North Sea could amount to £268 billion over the next three decades.

The LJ43 design has been selected as the bases for a new building programme of drilling jack-ups which are to be built at the new IMI yard in Ras Al Khair, eastern Saudi Arabia.

Byron Energy Limited has announced that production has commenced at its flagship South Marsh Island Block 71 (SM71) oil development, in the shallow water of the Gulf of Mexico.

OKEA has announced that Chrysaor, the leading oil & gas independent, has through its Norwegian subsidiary Chrysaor Norge A.S. entered into an agreement with OKEA to acquire a 15% interest in the PL038D license, covering the Grevling oil discovery in the Norwegian North Sea.

Following an independent assessment of Rovco’s quality management systems, the Bristol-based company received the internationally recognised ISO certification to the latest 2015 standard.

Compared to 2016, the company’s North Sea business grew an unprecedented 60% – far exceeding the regional target for the period.

SBM Offshore has announced that the first steel cut for the hull of its standardised Fast4Ward FPSO took place at the SWS yard in Shanghai, China on Friday March 23, 2018.

The Oil & Gas Innovation Centre (OGIC) has invested more than £300 000 into three new projects which have the potential to cut operational costs and improve efficiency in the oil and gas industry.

Collaboration is key to unlocking stranded five million bbl North Sea oilfield.