Oil rig news

Steve Gordon, Managing Director of Clarksons Research, said that offshore investment and activity levels are increasing in the region, with project Final Investment Decisions totalling US$23 billion reported in the year to date.

Safe and continual performance of lifting equipment crucially depends on minimising risk through improved resilience to failure

The company’s latest research reveals that the West of Shetland (WoS) area retains the attention of major exploration and production (E&P) players in the region.

This new position has been created to focus on bringing DCT’s highly anticipated casing cement breaker (CCB) tool to market.

Following completion of the latest work for i3 Energy, the Borgland Dolphin will go straight to the Knarr field on the Norwegian Continental Shelf.

Lundin Norway is the operator of the Edvard Grieg platform with a 65% working interest and the partners are OMV Norge and Wintershall DEA with 20 and 15% working interests respectively.

The INSITE Programme between offshore industries and researchers is designed to give marine scientists access to valuable industry-acquired ecological data.

The agreement entails a new GustoMSC drilling jack-up design which will utilise the modern manufacturing capabilities currently planned for at IMI.

The total number of registrants is a record for bids in the production sharing regime, surpassing the 16 qualified for the 4th Production Sharing Round, held last year.

Based on preliminary estimation, the recoverable resources of the Shrek discovery are in the range of between 19 and 38 million boe, as confirmed by the Norwegian Oil Directorate (NPD).