Technip wins $380m Boyla contract
Marathon Oil has awarded Technip an engineering, procurement, installation, and commissioning contract, worth some $381.5million, for the Boyla subsea field development in the Norwegian sector of the North Sea.
Marathon Oil has awarded Technip an engineering, procurement, installation, and commissioning contract, worth some $381.5million, for the Boyla subsea field development in the Norwegian sector of the North Sea.
Dong Energy has acquired Norwegian oil company Front Exploration. The acquisition includes office buildings, seven oil and gas licenses - including in the Barents Sea, and 20 employees.
Total has signed a production sharing contract with the Kenyan government for 100% interest and operation of a deepwater exploration block offshore the Lamu Archipelago in waters ranging 2,000-3,500m depth.
Global plant, lifting and tool-rental specialist ATR Group said yesterday it had made its first acquisition since completing a £20million-plus equity and debt financing deal.
Design and engineering business PD&MS Energy said yesterday it had appointed its first operations director.
Energy service business Wood Group said yesterday it expected to deliver growth this year but the unit it created after buying PSN still faced delays on a major Middle East project.
Offshore survey specialist Utec officially opened its new regional headquarters in Aberdeen yesterday after a near £1million investment.
Aberdeen-based oil explorer Faroe Petroleum said today its Clapton well off Norway would be plugged and abandoned after disappointing results.
Irish oil and gas explorer Providence Resources said today it is suspending work on a development well on its UK onshore Singleton oil field after hitting technical issues.
A controversial method of extracting oil and gas can be managed effectively in the UK with the right regulation, according to two engineering bodies.
Scotland generated record levels of electricity from renewables in 2011 - nearly double the amount in 2006 - according to figures released today.
The owners of Aberdeen company Expro are unlikely to be in any hurry to get rid of it, one of its bosses said yesterday.
Oil and gas engineering consultant Magma Products said yesterday it had landed North Sea projects with a potential value of £15million.
Leaner, meaner technology and common global practices are crucial for the future sustainability of the subsea industry, according to one north-east boss.
The role of natural gas in the UK's energy mix is the focus of an Oil and Gas UK breakfast briefing in London on Thursday, July 12.
French utility GDF Suez's exploration and production arm is to build its first production hub as an operator in the North Sea after getting the go-ahead from regulators today.
A director at ITF, the industry technology facilitator for the global oil and gas business, has stepped down after more than five years with the organisation.
Maersk Oil will drill an exploration well in the Maja licence area in the Danish sector of the North Sea.
Norway will not intervene in a strike by the country's oil workers unless the conflict escalates significantly, labour minister Hanne Bjurstroem said today.
Drilling giant Ensco has announced a raft of senior management changes including a new head at its European business.
Bridge Energy has farmed down a 15% stake in two production licences containing the Geite prospect off Norway to Agora Oil and Gas.
The Highlands and islands could become a new hub for energy jobs and projects if firms in the area seize opportunities at home and abroad, according to an industry leader.
Oil giant BP said yesterday it was selling minority stakes in two UK North Sea fields for £179million as it concentrates on large developments in the area.
Survival Craft Inspectorate (SCI) said yesterday it had recruited two new apprentices and planned to take on four more in the next six months after a flood of applications.
Aberdeen marine-technology company Nautronix said yesterday it had won contracts worth more than half a million pounds for work on two drilling rigs in south-east Asia.