Falkland Islands expert Gavin Farquhar, a partner in law firm Pinsent Masons, said the announcement of a Noble Energy farm-in underlined the growing international interest in potential south Atlantic oil reserves.
In just a few weeks, a remarkable new Fugro trenching system will start its first offshore deployment, working for Centrica on the 270MW, 75-turbine Lincs offshore windfarm.
A $350million injection from private equity business Riverstone has given Fairfield Energy just the boost it needs - and the timing couldn't have been better, its boss tells reporter Elaine Maslin.
Offshore catering and service firm Entier said yesterday it expected to double its workforce in the next five years after securing £5million of funding.
In the UK, nine of the 37 mobile units in the sector remain active on E&A wells, the same number as last reported. There have now been 23 well spuds in 2012 comprising 11 exploration and 12 appraisal wells, with five of these having been sidetracked.
Despite the turmoil of world markets in reaction to the ongoing debt crisis in Europe, the oil and gas recruitment markets have, for the most part, remained positive and there is a shortage of suitable, experienced personnel for the North Sea.
On July 25, the UK Government announced its decision to follow Scotland's lead and set its own onshore wind band at 0.9 ROCS. This decision is to be welcomed, but I am concerned at London's decision to only set this band for one year, until 2014, and immediately review it, risking yet more uncertainty for the industry and potentially discouraging investors.
Energy services company Senergy has said it expected improved performance in the current financial year thanks to rising exploration and production spend worldwide.
It appears that an elephant has been slumbering off the southern Irish coast, but may be about to be awakened thanks to the persistence of Providence Resources.
Since its launch in 2006 in Beijing, World Heavy Oil Congress has gained the reputation as the strongest platform for international and national oil companies, governments, service companies and international experts to navigate challenges and opportunities related to unlocking heavy oil around the globe.
Securing approval for decommissioning programmes in the North Sea has apparently become more transparent, quicker and less costly thanks to a new standard template devised by a group of industry experts.
Subsea 7's new flagship is the marine equivalent of the famed Swiss Army Knife. There is no other way to describe it. It lifts the bar to a new level in terms of what has been packed into what is a very beamy, 42m x 182m long hull.
Technip has been awarded a large subsea installation contract by Shell for the Prelude FLNG (floating liquefied natural gas facility to be moored in 240m of water, 200km off the north-west coast of Australia, in the Browse Basin.
Oslo-listed Prospector Offshore Drilling has confirmed a contract with Total covering the use of its first jack-up rig, Prospector I, in the North Sea.
Delays and budget overruns on much-needed capital projects for the oil and gas and utility industries could cost companies in those industries trillions of dollars in lost investments, Accenture has warned.
Aker Oilfield Services has bagged a $250million minimum, long-term contract with Total to provide subsea intervention services using its purpose-built intervention vessel, Skandi Aker.
ExxonMobil is now tendering for equipment and services to drill the giant Dunquin gas prospect out to the west of Ireland next year. The call is listed on the Irish public tender system.
Ireland is setting a Petroleum Safety Framework in place that will be recognisable to companies in the UK, but will have a tougher edge, according to John Morgan of GL Noble Denton, which has the contract with the Irish Commission for Energy Regulation (CER) support detailed development of the new regime.