Houston-based oilfield services provider Halliburton has selected its current president, Jeff Miller, to succeed CEO Dave Lesar, effective 1 June 2017. Miller will serve as both president and CEO. Image of Miller…
Ophir Energy has reached a final investment decision (FID) for the fourth phase of its Bualuang oil field in the Gulf of Thailand, with first oil set for next year. Operations in the Gulf of Thailand…
Wood Group has signed a 10-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations…
UK-based, Calgary-listed Sterling Resources has completed a deal to sell its UK business to Amsterdam-based Oranje‐Nassau Energie for US$113.8, including settling a debt, and now plans to wind up the business. Sterling Resources'…
Italian offshore contractor Saipem has offered a glimpse of its remote operated vehicle (ROV)/ autonomous underwater vehicle (AUV) hybrid HyDrone. The technology, developed by Saipem's Sonsub business, has been developed to be part of…
Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s Culzean high-pressure, high-temperature gas field in the UK sector of the North Sea. The production units for Culzean, which is 240km east of Aberdeen, are due to arrive from Singapore in the summer of 2018…
The Oil and Gas Climate Initiative (OGCI) has appointed Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments (OGCI CI). Before joining OGCI CI, Rangarajan was the general…
Accurate 3-D visualization in the OGAVC will aid subsurface oil and gas extraction and carbon storage opportunities. Image from Heriot-Watt University. A major funding package from…
Norway’s Petroleum Safety Authority (PSA) has approved Faroe Petroleum to drill two exploration wells at the Brasse prospect in the North Sea, starting next month. Brasse (well 31/7-1) is some 97km west of Øygarden in Hordaland county in production license 740…
Oceaneering International will support the design, fabrication and installation of ancillary flowline hardware at Royal Dutch Shell’s Appomattox development in the Gulf of Mexico. Under the contract, Oceaneering will procure and install pre-lay and post-lay crossing mattresses…
Image of Koos-Jan van Brouwershaven, CEO, Heerema Fabrication Group; and Martijn Smit, general manager, South Atlantic Holding, signing the contract. Image from Heerema. Heerema…
Atlantic Petroleum has completed the sale of its 25% interest of UK license P.1606 Orlando to Decipher Energy. The Orlando project is a planned subsea tieback to the Ninian platform, operated by CNR International. Atlantic will get…
Gulf Marine Services is close to putting its new cantilever system on its GMS Evolution self propelled jackup barge into system. The cantilever system will enable the firm to compete for well workover and intervention work that was previously…
A recent Wood Mackenzie survey finds that 80% of oil and gas operators expect oil prices to reach the US$50-$60/bbl range this year. Despite optimism over oil prices, survey respondents remain very cautious right now, with little appetite for risk…
LQT Industries has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, construction, and refurbishment projects. LQT is providing aluminum accommodation packages for major oil and gas operators on two separate offshore platforms…