Exclusive: Hurricane Energy hires Transocean for West of Shetland bid
Hurricane Energy has booked the Transocean rig Paul B Loyd, Jr for work West of Shetland next year and in 2019.
Jeremy Cresswell: Reasons to be cheerful … subsea!
Trundling around this year’s Offshore Europe has, believe it or not, put me in a reasonably positive mood. The fact that the foundations for the European Wind Deployment Centre are now being installed offshore just a few miles up the coast from the AECC serves as valuable reinforcement.
BP … making the North Sea work in a $50 oil barrel world
At last November’s Oil & Gas UK share, BP stated clearly that it could do business in UK waters at $50 a barrel, significantly boost production and hit the exploration trail. Six months later, that strategy holds firm, as the major’s North Sea president, Mark Thomas, explained to Jeremy Cresswell.
Jeremy Cresswell: ABZ – it’s transition time!
As I write this, parliamentary candidates of all hues are going hammer and tongs at one another in what has become a vicious battle for political supremacy in the UK.
Expro’s investors: “They’re in this for the long haul”
It may be HQ’d in Reading and internationally owned, but many regard Expro Group as an Aberdeen company and one of the town’s bellwether offshore businesses. Jeremy Cresswell checks out the current state of play with its CEO Mike Jardon.
INTERVIEW: Shell’s North Sea changing of the guard
Last month, it emerged that there’s a handover of the helm underway at Shell’s UK Continental Shelf and Ireland business based out of Aberdeen.
Exclusive: Sonamatic’s North Sea expansion generates up to 200 new jobs
Energy industries advanced inspection and asset integrity service company Sonomatic has built a new £4million North Sea HQ in Aberdeen and says its expansion drive could generate as many as 200 more jobs.
Jeremy Cresswell: Getting it right with North Sea projects is tough call
Aross literally decades we at the P&J have time and again revisited the relationships between operators, main contractors and the rest of the supply chain.
Subsea A-team love it that ROV plan came together
It was during the 2016 Offshore Technology Conference in Houston that Energy broke the news that M2 Subsea was being put together to compete in the ROV (remotely operated vehicle) and related services marketplace.
Crisis-hit Oceanteam gains respite from firm’s bondholders
Norwegian company Oceanteam has reached an understanding with its bondholders on the main terms of the bond loan.
Jeremy Cresswell: Global finds fall off cliff
Mid-January saw Norwegian analyst Rystad Energy publish a commentary about the collapse in the volumes of hydrocarbons discovered of late.
Big upstream up-cycle ahead, says Schlumberger CEO
Schlumberger’s chairman and CEO, Paal Kibsgaard, is predicting a “multi-year” up-cycle starting this year and warns that spare production capacity is now wafer thin.
Squeezing assets harder can deliver opportunity
As UKCS capital investment continues to collapse – the 2017 forecast is £5.7billion – and backlogs evaporate, pressure on the subsea community remains intense. Jeremy Cresswell caught up with Subsea UK’s CEO Neil Gordon.
Jeremy Cresswell: Industry was lucky to have Opito’s David Doig
He was one of the most dynamic and positive people I have ever met in the upstream oil & gas industry.
North Sea: From the brutally tough to a hint of optimism
Make no mistake, the North Sea isn’t out of the woods yet. However, Oil & Gas UK’s CEO Deirdre Michie is quietly optimistic that the tide of adversity is turning for our offshore industry.
Jeremy Cresswell: A matter of reputation and disgust in Big Oil
Make no mistake, the public do not like Big Oil. It is in the eyes of most, a rapacious machine that will trample over anyone and anything to get what it wants.
Transocean primary cause for offshore rig “glut”, says analyst
Transocean is the primary cause of the ongoing offshore drilling rig “glut” according to a Wall Street analyst.
Exclusive: Hurricane – the UK’s basement pioneer
No-one has put as much effort into the basement play on the UK Atlantic Frontier as Dr Robert Trice. And he explains why to Jeremy Cresswell
Siccar Point….building a differentiated UK junior independent
On November 8, we broke the news that Siccar Point Energy was buying the UK assets of Austrian company OMV.
Jeremy Cresswell: Bête noire Big Oil’s dilemma
As 2016 draws to a close, I find myself reflecting on what the future holds for us all and how increasingly urgent it is that we must adapt if, as a species, we are to remain viable.
Shell Brent: Heroic is the only adjective to describe it
I’m old enough to remember the amazing Brent advertising in the Sunday colour supplements of the mid-1970s that likened the challenge of developing this first generation North Sea oil giant to Nasa’s moon shots.
Exclusive: Siccar Point buying OMV’s UK assets for undisclosed sum
UK oil & gas independent Siccar Point Energy is buying the UK assets of Austrian company OMV for an undisclosed sum, it was today confirmed.
Shell Brent: All set for topsides lift come the spring
As things stand today, what is the schedule for removal of the first topsides looking like?
Shell Brent: Decommissioning is the name of the game
Energy Voice has teamed up with Shell to celebrate 40 years of Brent. This promoted series will examine the people, milestones and technology that helped make this historic North Sea find possible. It will also analyse what lies ahead for the breakthrough discovery. Happy 40th Brent!
Jeremy Cresswell: Oh for some green shoots of recovery
As a song from the memorable show and movie Cabaret reminds us: “Money makes the world go round” and it is certainly crucial for the future health of the UK North Sea.