Join OEdigital on Facebook Join OEdigital on LinkedIn Join OEdigital on Twitter
 

OE Daily: 2016 / April

Fugro will further reduce its workforce by an additional 600 jobs this year, as the company reported a 23% decline in revenue in Q1, and…
Friday, 29 April 2016 08:39

Helicopter crash kills 13, Norway

UPDATE: According to Reuters, Statoil restarted production at Gullfaks B, as of 2 May, following a helicopter crash that killed 13 people. Read the latest…
Friday, 29 April 2016 08:31

Chevron takes big loss in Q1

US supermajor Chevron has taken a big fall in Q1 2016, reporting a loss of US$725 million, compared to earnings of $2.6 billion in the…
Friday, 29 April 2016 04:36

Conoco cuts deepwater GOM drilling plans

ConocoPhillips said its participation in the non-operated Gibson will be its last deepwater exploration well in the Gulf of Mexico, as it looks to cut…
Key activities for the Ivar Aasen project are progressing according to plan and budget with first oil scheduled for Q4 2016, Det Norske said this…
Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations…
Thursday, 28 April 2016 05:37

Technip beats profits expectations

Paris-headquartered subsea and engineering house Technip has come out of Q1 2016 with a better than expected profit, but its CEO expects front end market…
Wednesday, 27 April 2016 13:20

Hess takes loss, drops 34% in revenue

Hess Corp. recorded a US$509 million loss in Q1, in addition to a 34% drop in its revenue. Image from Hess. The loss is much…
Wednesday, 27 April 2016 11:05

Mubadala hits twice at Manora

Mubadala Petroleum encountered oil at two wells in the Manora field, offshore Thailand. Map from Mubadala. The Atwood Orca jackup drilled wells MNA-15 and MNA-16…
Norway-based accommodation vessel provider Prosafe is to scrap three of its oldest vessels and start cold stacking others, the firm said this morning, citing a…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago,…
Tuesday, 26 April 2016 03:34

Tullow eyes next Mauritanian move

Tullow Oil is eying exploration leads offshore Mauritania in order to fulfill a minimum work obligation of one well on the block before the second…
Monday, 25 April 2016 11:28

Ocean Rig buys Cerrado drillship

Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following…
Halliburton has cut more than 6000 positions during Q1 2016, bringing its workforce down by one-third since late-2014, in addition to a decreased revenue of…
Monday, 25 April 2016 02:23

Apache moves on Callater investment

Apache is moving ahead with its Callater development in the Beryl area despite spending cut backs in its North Sea business. The firm has awarded…
Oil services giant Schlumberger has laid off 2000 employees as the company reports one of its steepest revenue declines since the downturn began, citing global…
Friday, 22 April 2016 03:04

Deepwater India drilling on cards

Transocean has listed one rig as held for sale and inked three new contracts, including a new contract for its Dhirubhai Deepwater KG2 ultra deepwater drillship,…
Woodside Energy has been served by Bumi Armada Berhad with a US$283.5 million legal claim, after the Australian company terminated a floating production storage and…
Wednesday, 20 April 2016 09:01

Byron hits at GoM SM 71 well

Byron Energy has encountered three discrete hydrocarbon bearing intervals at its latest exploration development in the South Marsh Island block in the Gulf of Mexico.…
Statoil has launched Cap-X, a new subsea development concept designed to reduce cost and increase efficiency.  The Norwegian oil giant, more than half of whose…
Tuesday, 19 April 2016 09:45

Sequa drops Gina Krog, Ivar Aasen deals

Sequa Petroleum is dropping out of two deals to acquire stake in the Gina Krog and Ivar Aasen projects in the North Sea due to…
ExxonMobil has started oil production at its US$4 billion Julia oil field in the Gulf of Mexico with the first production well currently online, and…
Monday, 18 April 2016 09:27

Respol hits at Gávea well

Repsol Sinopec Brazil has discovered hydrocarbon pay at the Gávea A1 well in the ultra deepwater pre-salt Campos basin, offshore Brazil.  Map of Campos basin,…
Noble Corp.’s fleet report has revealed a two-year extension with supermajor Shell, dayrate adjustments, and the addition of another semisubmersible drilling rig to the cold…
Friday, 15 April 2016 11:06

Ezra to divest its largest FPSO

Singapore-based Ezra Holdings is set to divest its largest floating production and storage offloading (FPSO) unit, the Lewek EMAS, in efforts to step away from…
Friday, 15 April 2016 04:05

IEA: Early shut downs adding up

Some 65 MMboe will be left untapped offshore Norway due to the early shut down of fields and the failure of the Vette project to…
Thursday, 14 April 2016 14:04

US releases final well control rules

Nearly six years after the Deepwater Horizon disaster, the US Department of the Interior (DOI) and the Bureau of Safety and Environmental Enforcement (BSEE) has…
Wednesday, 13 April 2016 14:37

Mexico moves to strengthen Pemex

Mexico’s federal government is taking measures to strengthen Petroleos Mexicanos’s (Pemex) financial position by providing a total liquidity of some US$4.2 billion (73.5 billion MXN),…
Wednesday, 13 April 2016 09:19

Culzean wellhead jacket sets sail

The wellhead jacket and the access deck have set sail from the Netherlands and are headed for Maersk Oil’s ultra high pressure, high temperature Culzean…
The "world-class" SNE oil field offshore Senegal contains at least 560 MMbbl, justifying "a significant commercial development," according to a partner on the deepwater project.…
Page 1 of 2