Marathon Oil Corp. announced that CEO, Clarence Cazalot Jr., will retire at the end of this year and will be replaced by Exxon Mobil Corp. executive, Lee Tillman. Cazalot will continue to serve as executive chairman until December 31…
Russia's Rosneft and North American supermajor ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide…
FloaTEC (S)Pte Ltd successfully completed the mating operation of the topsides and hull of Petrobras P-61, Brazil’s first Tension Leg Wellhead Platform (TLWP) near shore to BrasFELS yard in Angra Dos Reis, Brazil. The P-61 TLWP, which uses FloaTEC’s ETLP proprietary design…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
As the 25th anniversary of the UK North Sea Piper Alpha disaster approaches, GL Noble Denton looks at regulatory best practice. The 25-year anniversary of the Piper Alpha disaster provides an important opportunity to stop and reflect…
ThoughtStream: Opinion Rosneft is the largest subsoil licenseholder in the Russian offshore. Total estimated recoverable resources under these licenses exceed 275 billion boe. The exploration program includes drilling 96 wells. I hope that the representatives of Halliburton…
COLLOQUY: Editor's Column Beginning this month, we recognize the 25th anniversary of the Piper Alpha disaster. The Piper Alpha production platform was operated by Occidental Petroleum (Caledonia) Ltd. in the UK sector of the North Sea…
CNR International is preparing to invest US $470 million to extend the life of one of Ninian Field—one of the oldest fields in the North Sea after the UK government approved an application for a Brownfield Allowance for the ambitious project…
Electromagnetic Geoservices ASA (EMGS) received a Letter of Intent (LOI) for an extension to the ongoing USD $35 million contract in Asia. The value of the contract extension is at least USD $15 million, which brings the total contract value to a minimum of USD $50 million…
Halliburton announced the opening of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The center provides the setting for collaboration as…
On June 5, Houston-based Atwood Oceanics Inc. announced a new drilling services contract with Eni S.p.A. for the Atwood Beacon. The independent leg cantilever jackup rig is currently working offshore Israel but will finish by July 2013. The…
Maersk launched a new computer game called Quest for Oil, which the company designed to open the oil business to everyone. Quest for Oil is the first game of its kind and with the convergence of forces, innovation and technology. Maersk…
Precision Polymer Engineering (PPE), opened its new Houston facility on May 30th. The facility is located on the Sam Houston Tollway, northwest of downtown. Brett Finley, VP of Fluid & Metering Technologies and PPE’s Managing Director Paul Gillyon…
Forum Energy Technologies, Inc. and Quantum Energy Partners have entered into a definitive agreement to jointly acquire Dayton, Texas based Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors…
Christophe Barnini has been appointed as Senior Vice President, group communications for CGG. Barnini will report to Jean-Georges Malcor, CEO of CGG, and has become a permanent member of CGG’s management committee. This appointment took effect on 15th May 2013…