Energy logistics provider Peterson announced Monday it has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources U.K.The contract sees Repsol Sinopec transitioning their marine and quayside operations to Aberdeen from Peterhead with integrated supply base…
French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick Pouyanne said on Monday.Total is one of the strongest players in the African oil sector…
Norway's Equinor has put on hold the drilling of a key exploration well in the Barents Sea after a well incident last week, the company said on Monday.The incident occurred when Seadrill's rig West Hercules was drilling the Gjoekaasen well offshore Norway…
Italian services company Saipem announced Friday it has been awarded two engineering, procurement, installation and construction EPIC contracts from Saudi Arabian national oil company Saudi Aramco as part of the long term agreement for offshore activities in Saudi Arabia…
Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be…
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.The software used in the Gulf, based on an algorithm created by Xukai Shen…
Shell will develop the third phase of its giant Norwegian gas field Ormen Lange with a subsea compression system, the oil major said in a statement on Friday.The company will either choose Schlumberger's Onesubsea or TechnipFMC to do the work…
The oil and gas industry’s relentless focus on safety is paying off. Earlier this week, the American Petroleum Institute (API) released its Workplace Safety Report, which revealed occupational injuries and illness for the oil and gas industry…
Aker BP on Wednesday said it has begun operating the permanently manned North Sea platform Ivar Aasen from an onshore control room in Trondheim, Norway.The Ivar Aasen platform was constructed with two identical control rooms – one on the platform…
Neptune Energy has awarded certification agency Bureau Veritas a four-year contract to provide second- and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.The Fenja field in the Norwegian Sea is estimated to hold 100 million barrels of oil…
London-based Tullow Oil has unveiled plans to drill for oil and gas in Ghana's offshore Tweneboa Enyenra Ntomme (TEN) oil fields in the deepwater Tano Block as the company embarks on a work program that could see it increase its production in West Africa by 10% in 2019…
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…
Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.The result of a 2016 merger between the Norwegian operations…
Exxon Mobil subsidiary Esso Australia Pty Ltd. awarded integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance, which comprises OneSubsea, a Schlumberger company…
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…