UK explorer Independent Oil and Gas (IOG) has completed the acquisition of 100% of the shares of Oyster Petroleum, a subsidiary of Verus Petroleum. Oyster holds southern North Sea licenses containing the Vulcan East, Vulcan North West and Vulcan South fields…
TGS is expanding its North West Atlantic Margin (NWAAM) multi-client library in the Mauritania, Senegal, Guinea-Bissau and Conarky Basin (MSGBC). It has plans to acquire more than 11,500km of long-offset broadband 2D seismic data as well as magnetic and gravity data…
ConocoPhillips reported a US$1 billion loss in Q3 2016, along with plans to reduce its capital expenditures. ConocoPhillips headquarters, from ConocoPhillips. Although the Q3 loss for ConocoPhillips was big…
Husky Energy President and CEO Asim Ghosh will retire, with Rob Peabody, Husky's chief operating officer will take over for Ghosh, effective 5 December. 'For the past seven years Asim has brought his extensive business experience and…
The Lake Erie Energy Development Corp. (LEEDCo) in Cleveland, Ohio has appointed Offshore Design Engineering Ltd. (ODE), an engineering and operations support services contractor that is part of the DORIS Group located in the UK, as the engineering representative for Icebreaker Wind…
ExxonMobil’s newest discovery offshore Nigeria could possibly hold up to 1 billion bbl, the supermajor said today (27 October). Image from Exxon. Exxon said a “significant discovery”…
Hurricane Energy is suspending the Lancaster sidetrack well offshore the UK to develop as a future producer and moving on to its Lincoln well. Technip today also confirmed a win for its subsea joint venture with FMC Technologies, Forsys Subsea…
Ongoing low oil prices and reduced spending by oil majors are continuing to hurt the oil industry, with a new round of layoffs in full swing. But, some, at least, are seeing the possibility of light at the end of the tunnel. The gloom…
Statoil has started work planning a well on the Verbier prospect in the UK North Sea, according to partner Jersey Oil & Gas (JOG). The Fugro Galaxy survey vessel has arrived in the Verbier license under contract to Statoil, ahead of a potential exploration drilling program…
Mekers Offshore launched its first in a series of liftboats at Dajin Heavy Industries yard in Jiangsu, China. The self-elevating liftboat is a four-legged, DP2, self-propelled vessel with a working depth of 70m. It can house up to 250…
Tidal energy developer Atlantis Resources is on track to first power from its MeyGen project offshore Scotland by the end of the year completing foundation installation work. All four turbine foundations were installed at the project site in the Pentland Firth…
Danish utility and oil firm DONG Energy is laid claim to being the first company worldwide to have installed 1000 offshore wind turbines. Its offshore wind turbine number 1000 was commissioned at the German offshore wind farm Gode Wind 2…
Norwegian oil services investment firm Akastor has agreed to sell Fjords Processing to National Oilwell Varco for US$145.7 million on a debt- and cash-free basis. Fjords is a leader in complete process support systems for gas, oil and water…
Aker Solutions has secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated oil and gas fields globally. The first five-year contract covers engineering…
BP Trinidad and Tobago (bpTT) started drilling at Amherstia, offshore Trinidad, using the newest addition to its fleet, the Joe Douglas 240C jackup, with expectations to drill up to four new wells. The Joe Douglas…