Gryphon FPSO payout could leap to £640m
Insurance payouts on a North Sea floating production vessel which broke loose in a storm have already reached £193million and could rise to £640million.
floating production vessel
Skarv start-up delayed to Q4 2012
BP's Scarv development in the Norwegian Sea has been delayed again, due to weather.
Ithaca to benefit from boost to tax allowance
Aberdeen oil explorer Ithaca Energy said yesterday it would benefit from a tax boost as it announced it had been given the go-ahead for its £630million Greater Stella development.
Shell pushing on with Fram
Shell is pushing ahead with a North Sea development it put a questionmark over following the UK Government's unexpected tax grab last year.
CNR would like to do more
Oil and gas firm Canadian Natural Resources (CNR) said today it saw record global activity in 2011 but its UK business suffered after last year's Budget.
Orkney engineers make oil-pollution breakthrough
Orkney engineers are reported to have made a breakthrough in "green" oilfield technology which has revolutionised international clean-sea standards.
BW Athena heads for North Sea
Oil and gas firm Ithaca Energy said today the floating production vessel for its Athena field has set off for the North Sea.
Hess deal boosts Dana’s stake in North Sea field
North Sea oil firm Dana Petroleum has added to its share of the Bittern field after a multimillion-pound deal with Hess.
Evolutionary move for Taqa and Fairfield
North Sea independent Fairfield Energy has signed-up Taqa Bratani to help it develop what has been described as one of the biggest recent developments in the North Sea.
Stork picks up £10m inspection deal in Africa
Energy service firm Stork Technical Services said yesterday it had won a £10million contract offshore west Africa.
£22.6m Bøyla job for Aker
Aker Solutions has picked up a £22.6million contract with Marathon Oil for a subsea production system for the Bøyla project on the Norwegian continental shelf.
Endeavour fuels growth with North Sea acquisition
il and gas firm Endeavour International said today a £200million-plus deal to buy a chunk of North Sea production would help it become one of the larger independents in the basin.
DEO on track with Perth project
ABERDEEN oil firm DEO Petroleum said yesterday it was on track to start production in the North Sea Perth field in 2014.
Wood Group launches Angolan JV with BP contract
Aberdeen energy service giant Wood Group announced its first contract for a new joint-venture in Angola today.
Aker picks up £77m Brynhild project
Aker Solutions has signed a £77million contract with Lundin for subsea work on its Brynhild project on the Norwegian continental shelf.
Investigation launched into diver death
A joint investigation has been launched by police and the Health and Safety Executive following the death of a diver who had been working on an oil platform in the North Sea.
Production delay at Skarv dents Statoil shares
Shares in Norwegian oil firm Statoil fell 1.9% today after it was announced there would be a further delay to the Skarv field coming online.
Aberdeen firm targets first oil from Perth in 2014
ABERDEEN oil firm DEO Petroleum said yesterday it had submitted a field-development plan (FDP) for the Perth licence area in the central North Sea.
Nautical Petroleum says Kraken field commercially viable
North Sea energy company Nautical Petroleum said today its Kraken field was commercially viable after "exceptional" test results.
Falkland Islands on brink of new era as an oil producer
The Falkland Islands are poised to become a new centre for energy production after UK-listed Rockhopper Exploration said yesterday it was to invest £1.27billion in the area and would start pumping oil there in 2016.
Costs of UK North Sea project soar again
TROUBLED Norwegian floating production specialist Sevan Marine said yesterday costs had increased again on a project for E.On Ruhrgas in the UK North Sea.
FPSO transfer first for Offshore Solutions
OFFSHORE Solutions, a joint venture between Amec and Cofely Nederland, said yesterday it had completed a world first for transferring offshore workers on to floating production, storage and offloading (FPSO) vessels.
Xcite submits development plan for North Sea field
Aberdeen-based oil and gas explorer Xcite Energy submitted its development plan yesterday for its UK North Sea Bentley field to the Department of Energy and Climate Change.
Tax grab casts doubt on Shell’s North Sea field plan
THE UK Government's £10billion tax raid on North Sea operators has cast doubt on the future of another significant discovery.
EnQuest rewards supply vessel’s crew
THE crew of a North Sea offshore-supply vessel were treated to a sit-down lunch on the deck of their ship to mark a safety record milestone yesterday.