Energy Voice | Pair of North Sea producers agree merger – report

North Sea oil producers Oranje-Nassau Energie (ONE) and Dyas have agreed to merge, according to a report from Reuters. The Netherlands-based firms have interests in a range of UK assets between them, including the largest producing field in the North Sea, Nexen’s Buzzard development. Citing industry sources, the news agency said the privately-owned companies have […]

Energy Voice | Mega-rig to christen redeveloped Kishorn dry dock

A huge refurbished dry dock in the Highlands has landed its first major contract, playing host to the world’s largest semi-submersible offshore drilling rig. Diamond Offshore’s  Ocean GreatWhite rig is on a five-month journey from Singapore to Kishorn Port, which was last in use in the 1990s. Bosses at Kishorn Port Limited (KPL), a company […]

Energy Voice | Flagship event to focus on North Sea ‘balance’ with climate change

Oil and Gas UK has revealed its 2019 flagship event will focus on striking a “balance” between maximising North Sea recovery and meeting climate change targets. The “Industry in Transition” conference will focus on diversification needed for the North Sea to “unlock growth” as it continues to emerge from the recent oil downturn. It will […]

Energy Voice | BP signs pact for world-class petrochemicals plant in Turkey

BP has signed an agreement with Socar Turkey for the potential creation of a “world-class” petrochemicals complex. The facility would be constructed under a joint venture in the western region of Aliaga, and would be the biggest complex of its kind in the Western Hemisphere if taken forward. The complex would be capable of producing 1.25milion […]

Energy Voice | Opec’s new deal will struggle to live up to 2016 version

OPEC’s bold strategy to revive oil markets proved a surprise success last year, but the sequel they’ve unveiled for 2019 is getting a cooler reception. Oil prices have slumped in the two weeks since the cartel and its allies announced they will cut production to prevent a surplus, in contrast to the rally that greeted […]

Saipem Lands $1.2 Billion Zohr Deal

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for EPCI activities in relation to the “Ramp Up to Plateau” phase of the ‘supergiant’ Zohr field development project in the Mediterranean Sea off Egypt. The current addendum to the work includes the installation of a second 30-inch […]

MacArtney Preps ROTV System for APL

MacArtney Underwater Technology said that the FOCUS 3 ROTV system will soon be leaving its headquarters in Esbjerg, Denmark for the Applied Physics Laboratory (APL) at the University of Washington. The FOCUS 3 represents the 3rd generation of FOCUS vehicles in the MacArtney ROTV family, all designed, developed and manufactured by the […]

Energy Voice | Brent sinks south of $55 as demand concerns worsen

Oil dipped below $55 a barrel in London after the U.S. Federal Reserve raised interest rates, stoking fears over economic growth at a time when investors face a supply glut. Brent crude futures slid as much as 4.5 percent to the lowest since September 2017. Traders are avoiding risk assets as Chairman Jerome Powell failed […]

Lamprell Jackets for Moray East OWF

Lamprell has been selected by GeoSea, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project. Lamprell will fabricate 45 out of approximately 100 jacket foundations required for the wind farm, plus three jackets for the offshore substations also being […]