ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Aberdeen’s oil industry has pioneered global offshore harsh environment exploration, but it will need to “innovate its socks off” to maximize the North Sea’s remaining potential and remain competitive globally, a special SPE event in the Scottish city heard last night…
Irish oil and gas exploration firm Providence Resources agreed to contract with Polarcus MC Ltd. and Seabird Exploration for the provision of the 2500sq km of the 2D data in the Newgrange area, which lies in 1000m water depth in the Goban Spur basin…
J2 Subsea opened a new facility in New Iberia, Louisiana. This facility, which includes a new hydraulic workshop for tool preparation, servicing and support, will provide torque tools, analysers, Webtool cutters, intensifiers, grinders…
Lundin's CEO has slated Shell and FPSO operator Bluewater for delays on the Brynhild project startup. Brynhild, which sits in the Norwegian sector of the North Sea, will be a four-well subsea tieback to Bluewater’s Haewene Brim, which produces the Shell-operated Pierce field…
Statoil has said its three-well exploration campaign in the Hoop area of the Barents Sea has failed to make a commercial discovery after completing its final wildcat well on the Mercury prospect. Well 7324/9-1 on the Mercury prospect was in license 614 in the Barents Sea offshore Norway…
France's Dassault Systèmes announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a Dutch supply chain planning software firm, for approximately US$335 million (€250 million) on 23 July. Completion…
SKF has been selected to deliver Nautilus bearings for Dongfang Electric New Energy Equipment (Hangzhou) Co Ltd.’s first order of wind turbines outside China. Dongfang Electric New Energy Equipment is a leading manufacturer of wind turbines to a broad range of customers in China…
Proserv appoints two vice presidents to its senior management team. Paul Douglas has been promoted to the role of VP operations with Bruce Stuart joining Proserv as VP sales and business development for Europe and West Africa (EWA) from FMC Technologies…
Royal Dutch Shell plc has named Harry Brekelmans as Projects & Technology Director, effective 1 October 2014. Brekelmans is currently Executive Vice President Operated, Upstream International. He joined Shell in 1990 and has held a variety of international management positions in Geosciences…
Oil & Gas UK's Q2 2014 Business Sentiment Index has revealed that industry optimism has fallen for the fifth consecutive quarter, but remains positive, just, at two points above zero on the -50 to +50 index. The industry body described…
Lundin Petroleum has announced a successful initial appraisal campaign offshore Malaysia and the start of drilling on a new exploration well in the Barents Sea. The Barents well is exploration well 7220/11-1 in PL609 in the Norwegian sector of the Barents Sea…
Left: Martin Wilson; Right: Dr. Mark Burton The Aberdeenshire-headquartered STATS Group opened a new intervention engineering and technical support hub and recruited two pipeline intervention services team members…
Norwegian drilling technology specialist Tomax released a video from an internal research program with recordings of the actual pressure impact from the drill-bit nozzles. The video gives an insight to a “blind-zone” that is often critical for pressure-sensitive deepwater operations.