Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras says collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price…
Maersk Supply Services has confirmed that two of its vessels have sunk off the coast of France today (22 December), while being towed to a Turkish shipyard for recycling. Image of one of the vessels that sunk off the coast of France…
Petrobras received nearly US$61 million ($204 million BRL) on Friday (18 November) in recovered funds stemming from the Lava Jato corruption scandal, with Petrobras President Pedro Parente expecting to win back a total of $1.6 billion ($5…
Petrobras completed the first well in the Santos Basin’s Libra pre-salt field last week, with the anticipation of starting production next year, connected to the Pioneiro de Libra floating production and storage offloading (FPSO) unit. The West Carina…
The Shah Deniz Stage 2 platforms sailed away from the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) for offshore installation for the BP-led project offshore Azerbaijan. Shah Deniz 2 jacket…
FMC Technologies will reduce its Norwegian operations by 700 jobs in coming months, after taking a number of efforts to adjust to the low oil price environment, the company told OE. Image from FMC…
Petrobras has discovered 'good quality oil' in a new well in the giant Libra field, in the pre-salt Santos basin, offshore Brazil. Map of the Libra field, from Petrobras. Well 3-BRSA-1305A-RJS…
UTEC NCS Survey, part of UTEC (an Acteon company), has announced the award of a multi-year rig move and positioning framework contract with Total. Total recently awarded the three-year contract with the opportunity to provide positioning…
You’ve found the oil. Now drill into significant cost savings.Having the resources is only the start. It’s knowing how to maximise the potential as cost-efficiently as possible is the key. Based on knowledge gained over 500 global drilling operations…
Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five years valued at as much as NOK 3.2 billion. It also…
Marine and subsea firm Inspection Monitoring Engineering Solutions (IMES) has invested US$75,481 (£50,000) in new technology, expanding its existing service offering for clients in the oil and gas industry. The Aberdeen-based company…
Galp Energia entered into an agreement with the Government of São Tomé and Príncipe, and Kosmos Energy for the award of Block 6 offshore São Tomé and Príncipe, offshore Africa. Galp Energia will be the operator of the block with 45% interest…
Cortland Co. delivered a precision lifting solution for the successful installation of a topsides module offshore in the UK North Sea Cortland worked with Seaway Heavy Lifting who were contracted for the transportation and installation of the module…
Schaeffler, a precision bearing manufacturer, will supply more than 240 ELGES spherical plain bearings with outside diameters ranging from 400mm to 1060mm, for the topsides lift system (TLS) on the Pioneering Spirit, a purpose-built ship…
After months of build-up and a frenzy of activity at Aberdeen Exhibition and Conference Centre this past week, Europe's biggest oil show is less than 24 hours from opening. To help you get the most out of the show, each week we have been posting tips on how to survive the oil show…
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