Energy Voice | How the wild west can be won

The west of Shetland region may have challenging deep waters, 40m waves and fierce gales but with increasing activity levels and access to infrastructure in place, current and future fields are being brought within easier reach. Production of oil and gas from fields west of Shetland has been taking place for more than two decades […]

Energy Voice | Norway oil lobby predicts 16% investment jump in 2019

Norway’s oil lobby raised its forecast for investments in the country’s petroleum industry as cost cuts during a three-year downturn made projects more profitable and able to withstand even the recent slump in crude prices. Oil and gas companies operating in Norway will invest 184.5 billion kroner ($21.5 billion) in 2019, the Norwegian Oil and […]

Energy Voice | Spirit Energy gets green light for Oda development

North Sea explorer Spirit Energy has been given the green light from regulators to start up its first operated development in Norway. The Norwegian Petroleum Directorate (NPD) has given its approval for the Oda field with estimated reserves of 32.7million barrels of oil equivalent. Total investment in the project is 5.5bn NOK (£504.7m), said the […]

Energy Voice | Agiletek announce £1m in contracts over bumper year

London-based subsea consultancy firm Agiletek has announced a bumper year increase in sales and clients, inking £1 million in new deals in 2018. Increasing business by 165% last year, the firm said the growth was part increasing its “presence in Aberdeen, the Middle East and the Far East, including Malaysia and Taiwan”. The firm also announced […]

Energy Voice | Peterson to set up base at Port of Lowestoft

Logistics and energy service firm Peterson UK will set up a new base at the Port of Lowestoft in Suffolk after signing a long-term agreement. Peterson will offer warehousing, cargo and logistics services from the port, including fuel bunkering for the oil and gas and renewable energy sectors. The port is expanding its services, with […]

Energy Voice | BP said to be planning sale of North Sea Shearwater stake

BP is considering selling its stake in the Shearwater assets in the North Sea as it focuses on new projects in the area and expands in U.S. shale, according to people familiar with the matter. The British company has contacted potential buyers, the people said. It doesn’t want to pump money into the project, in […]

C-Kore Monitors Umbilical Setup on Shell’s Nelson Field

C-Kore Systems has recently deployed its Cable Monitor subsea testing units in the North Sea to monitor the installation of a new umbilical in Shell’s Nelson field. According to the company, the health of the umbilical was constantly monitored and data-logged during the entire installation process from load-out to lay. This gave […]

Energy Voice | Down-manning forces cancellation of North Sea strike vote

A strike ballot on one of the UK’s largest offshore gas projects has been forced to be cancelled. The result had been expected today of an industrial action ballot by Unite the Union for Wood and Bilfinger Salamis contractors on the Culzean project, in a dispute over a pay bonus scheme. However, large down-manning by […]

PGS Multi-Client Activity Drops, Contract Seismic Remains Same

Norwegian seismic player, Petroleum Geo-Services (PGS), has released vessel activity report for the fourth quarter of 2018. In the Q4, the vessel utilization on the contracted basis has remained the same as in the corresponding period in 2017. On the contracted basis the vessel utilization was 23 percent. On the multi-client seismic basis, […]