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…
Level and flow instrumentation manufacturer Magnetrol International launched the Pulsar Model R96 non-contact radar transmitter for level control in process applications. The two-wire, loop-powered, 6 GHz radar transmitter measures a variety…
National Ocean Industries Association (NOIA) president, Randall Luthi, issued the following statement ahead of President Obama’s budget request: “The [US] is the global leader in oil and gas production and American consumers are enjoying the lowest gasoline prices in a decade…
Cathelco’s agent in New Orleans, Green Marine and Industrial Equipment Co., has won an order to supply a ballast water treatment (BWT) system for a new offshore vessel built by Eastern Shipbuilding Group, for Harvey Gulf International Marine…
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration, a subsidiary of Chevron Corp., to acquire a 30% participating interest from Chevron’s 75% share in three deepwater offshore leases in the Kingdom of Morocco: Cap Rhir Deep…
Another deadly accident has struck the Abkatún complex in the Bay of Campeche, offshore Mexico. Three workers have died and six more have been injured following a new fire yesterday at the Abkatún complex, Mexico’s state oil company, Pemex…
Non-destructive testing (NDT) company Sonomatic is investing US$5.7 million (£4 million) in building a brand new multi-disciplined facility that will allow the company to cover the entire range of NDT inspections in Aberdeen. Rendering…
Diamond Offshore Drilling and GE Oil & Gas entered into the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for blowout preventer (BOP) performance to GE Oil & Gas. In this Pressure Control by the Hour model…
Major oil price volatility, collapsing valuations and a growing mountain of debt left 80% of Britain’s oil and gas companies floundering in the red at the end of 2015, warns Begbies Traynor, a UK-based independent insolvency firm. According…
The SNE oil field offshore Senegal contains more oil than initially estimated, according to a new report commissioned by field partner FAR Ltd. FAR's previous estimates for so-called 2C contingent resources in the Cairn Energy operated field were 330 MMbbl…
Subsea services company Acteon has launched a new service offering to directly address the demands and changing conditions of the global oil and gas industry. Acteon Field Life Service (FLS) offers a “joined-up” approach to the capex…
BW Offshore is a step closer to recovering the Cidade de São Mateus floating production vessel to shore for repairs more than a year after it was damaged in a fire. The fire, on 11 February 2015, offshore Brazil, saw nine of the 74 crew die and 26 require medical attention…
Murphy Oil Corp. has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean, which owns and operates the unit, says it will be compensated…