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

OE Daily: 2016 / March

Thursday, 31 March 2016 14:22

Petrobras cuts jobs by additional 13%

Brazilian giant Petrobras is expecting to reduce its annual costs by an additional US$500 million with a reorganizational plan that will cut jobs by 43%,…
Some 100 job cuts are being made at Maersk Oil as the company struggles with improving returns on its unsanctioned Chissonga project in Angola that…
Thursday, 31 March 2016 08:32

Delek in Leviathan solution discussions

The Delek Group is moving forward to advance the Leviathan development plan with an accelerated plan for first gas to flow in 2019, as the…
Wednesday, 30 March 2016 10:38

Byron abandons GoM well, moves to next

Byron Energy’s attempt to drill a sidetrack well to SM 6#2 after a drill pipe became stuck has turned out to be unsuccessful in the…
Wednesday, 30 March 2016 09:37

BP layoffs to hit Houston in June

UK giant BP is set to layoff some 500 workers in Houston come June, as part of the company’s plan to cut about 4000 from…
Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7…
Mexico’s Ministry of Economy has opted to set a low local content requirement for the upcoming deepwater bid round in December. The new rule, announced…
DONG Energy's flagship high-pressure, high-temperature Hejre field development is in a state of limbo after operator DONG Energy said it was terminating a contract for…
Monday, 28 March 2016 13:57

ONGC to invest US$5 billion in deepwater

India’s Oil and Natural Gas Corp. (ONGC) has received approval from its board of directors for the development of its proposed US$5.1 billion deepwater oil…
Sunday, 27 March 2016 22:32

Leviathan faces new delay

Noble Energy says a new ruling by Israel's Supreme Court could further delay the Leviathan offshore mega-project in the Levantine Basin in the Mediterranean Sea.…
The Chinese Ministry of Commerce (MOFCOM) has cleared Schlumberger and Cameron's proposed US$14.8 billion merger without any conditions. This approval from China's antitrust regulator, MOFCOM,…
Thursday, 24 March 2016 11:27

INPEX weighs Abadi FLNG rejection

Japan's INPEX said it is trying to confirm the facts following a news report stating that Indonesian President Joko Widodo has rejected a proposal to…
Wednesday, 23 March 2016 13:29

Mixed result for GoM lease sales

The US Bureau of Ocean Energy Management (BOEM) held two lease sales today (23 March) in New Orleans, amid loud protests from environmental groups. One…
Wednesday, 23 March 2016 08:36

Woodside, partners shelve Browse FLNG

Woodside Petroleum and partners have scrapped its plans for the struggling Browse floating liquefied natural gas (FLNG) mega project offshore Western Australia, as a result…
Tuesday, 22 March 2016 09:10

Petrobras takes biggest fall

Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column…
The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the…
Friday, 18 March 2016 11:06

Eni in US$7.9 billion asset disposal

In an effort to restructure and transform, Eni’s 2016-2019 strategic plan is aimed for a competitive cost structure, which includes a total of US$7.9 billion…
Thursday, 17 March 2016 09:24

PSA to investigate Statoil Visund halt

Norway’s Petroleum Safety Authority (PSA) has begun an investigation of a well control incident on the Visund field on 17 March 2016 that caused Statoil…
Thursday, 17 March 2016 05:09

EnQuest shaves costs off Kraken

UK-based independent has now cut US$425 million off its North Sea Kraken heavy oil development budget as it looks to continue reining in costs.  After…
Thursday, 17 March 2016 04:58

Blockage causes Erskine hiccup

Chevron's North Sea Erskine field production has been temporarily suspended during maintenance work to remove a pipeline blockage, according to partner Serica Energy.  Erskine. Image…
Wednesday, 16 March 2016 09:12

Statoil must improve at Gudrun

The Petroleum Safety Authority of Norway (PSA) has given orders to Statoil to make improvements at the Gudrun platform in the North Sea, following an…
Wednesday, 16 March 2016 08:10

Taxes halved for North Sea operators

North Sea producers have been given a tax break in the UK Government's 2016 Budget, announced today.  Amid falling oil prices, high costs and falling…
Kosmos Energy says its Greater Tortue Complex offshore Mautitania has the potential to create a new "world-scale" LNG development, following the results of its latest…
Tuesday, 15 March 2016 13:32

Obama bans Atlantic coast drilling

The Obama Administration has decided to rescind a proposal to drill off the US Atlantic Coast in 13 areas, due to current market dynamics, strong…
Tuesday, 15 March 2016 10:35

Tullow in Jubilee force majeure

Tullow Oil has declared force majeure on two cargoes from its Jubilee development, offshore Ghana, after issues with a turret bearing on the Kwame Nkrumah…
Transocean will lay off about 80 jobs that were part of the Transocean Discoverer Americas ultra deepwater unit, which Statoil canceled in December. The Discoverer…
UK-based explorer Cairn Energy has increased its resource estimate on the major SNE discovery offshore Senegal by 20%, with potential for it to increase further,…
Tuesday, 15 March 2016 04:27

Songa refinances as delays bite

Songa Offshore is looking to raise US$150 million in cash to help it deliver the fourth and final Cat D new build rig, the Songa…
Monday, 14 March 2016 10:46

Aker axes 600 more subsea jobs

Aker Solutions is reducing its Norwegian workforce by as many as 600 positions as the company takes necessary measures to strengthen the organization and boost…
Monday, 14 March 2016 10:00

COSL to cut 230 jobs after dropped deal

COSL Drilling Europe will cut to some 230 jobs from its workforce, as a direct result of Norwegian giant Statoil terminating its contract for the…
Page 1 of 2