Denmark's DONG Energy will take over an offshore New Jersey wind lease previously held by RES Americas Developments that had been awarded to RES in an auction held by the US Bureau of Ocean Energy Management (BOEM) in November 2015. The New Jersey lease encompasses 160…
American Gilsonite Co. (AGC) appointed David G. Gallagher as its president and chief executive officer, effective immediately. Image of Gallagher, from AGC. Gallagher has more…
In the International Energy Agency’s (IEA) oil market report for February 2016, signs of a demand slowdown surface, with higher OPEC output only partly offsetting non-OPEC decline. Having peaked, at a five-year high of 1.6 MMb/d in 2015…
Maersk Training has launched an offshore crane operator program designed to grant crane operators and their companies access to offshore lifting operations worldwide. The training program targets crane operators at all levels and consists of three stages…
Fugro and technology partner Areté Associates have successfully delivered near real-time, synoptic, surface current data to characterize loop current and loop current eddy conditions in the US Gulf of Mexico during a period of intense current conditions…
ExxonMobil is seeking a permit to plug 22 wells at its Jotun field in the North Sea, with start-up planned for April, according to news reports. The Jotun vessel. Image from ExxonMobil. The…
Aibel, along with other companies, is working on a C study for the second phase of Statoil’s Johan Sverdrup development. The study is managed from Aibel's Oslo office. Image from Aibel. Aibel's…
Blow out preventer (BOP) related issues have hit Songa Offshore with low earnings on two of its new Cat D semisubmersible drilling rigs. The Songa Endurance, the second of the firm's four new Cat D rigs, had just 11% operational and earnings efficiency while working for Statoil in Norway…
London-based explorer SOCO has started drilling the Baobab Marine-1 (BABM-1) well on the Mer Profonde Sud Block, in the Lower Congo Basin, offshore Congo. The BABM-1 well, to be drilled on the RR Prospect, is targeting stacked early Miocene…
New oilfield services company Ardyne has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition. Headquartered in Aberdeen, Ardyne will specialize in the provision of downhole products and…
Offshore trade unions have teamed up to form a co-ordinated 'fightback' against cuts and changes effecting workers in the UK's oil industry. The newly formed Offshore Co-ordinating Group (OCG) has representatives from Units, the RMT, the British Airline Pilots’ Association (BALPA) the GMB…
Technip has been awarded a lump sum contract by Deep Gulf Energy III for the development of the deepwater Southe Santa Cruz and Barataria fields, in 200m water depth in the Mississippi Canyon, Gulf of Mexico. The contract consists of: Project management and engineering services…
Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit…
Mexican President Enrique Peña Nieto has fired Emilio Lozoya Austin as CEO at the country's state-owned oil company, Pemex. Lozoya will be replaced by José Antonio González Anaya (pictured), the country’s current director of the Social Security Institute (IMSS)…
The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow…