Kosmos Energy announced a “significant” natural gas discovery at its first exploration well offshore Senegal, in addition to memorandum of understanding (MOU) for the development of the cross-border Greater Tortue complex. The Atwood Achiever…
Anadarko Petroleum awarded McDermott International a subsea umbilical and flowline installation contract to support Anadarko’s Phase II development of the Caesar/Tonga field in the Gulf of Mexico. Lay…
Prosafe has taken delivery of Safe Zephyrus semisubmersible accommodation vessel on 27 January 2016. The final delivery installment of the Safe Zephyrus has been reduced by US$30 million, which represents a seller’s credit from Jurong Shipyard…
According to a recent study by the UK’s Technology Leadership Board, there are 210 “small pools” of hydrocarbons (those containing less than 15 MMboe). While recognized, these pools, containing 1.5 billion boe in total, remain undeveloped…
Ratings and investor service firm Moody's has lowered its price estimate for Brent crude in 2016 to US$33/bbl, from $43/bbl, and suggests crude 'will remain well below $50/bbl through 2018.' West Texas Intermediate has also been lowered to $33/bbl…
Semi-state owned Danish energy company DONG Energy has decided to keep its exploration and production business ahead of floating on the stock market. But, the firm said its exploration and production business will have to 'adapt to the significant decline in oil and gas prices…
German operator Wintershall has delayed a decision on concept selection for its Skarfjell project offshore Norway in order to slash 40% of the costs from the project. Wintershall said this will see a decision made in Q3-Q4 this year, rather than Q1 as expected…
OSBIT Power has secured additional facilities at the Port of Blyth to deliver its largest project yet to Helix Energy Solutions, a world leading company in well intervention projects. In an agreement with the Port, the company will utilize…
As part of the UK Government’s strategy to increase British exports to £1 trillion, Subsea UK is encouraging companies to set their sights on international expansion to sustain long-term growth. The industry body has widened its “Global Opportunities” program during Subsea Expo…
Dutch offshore access firm Ampelmann has won its first contract with Petra Resources, for end client Petronas, to supply offshore access services offshore Malaysia during the monsoon period. Stretching from October to February, the monsoon period is renowned for its harsh weather conditions…
AziNam, the offshore Namibia focused exploration company, has announced that it has completed a 3D seismic survey on PEL 34, the Guy Block, offshore Namibia. The survey is located in the Walvis basin and was conducted by PGS Geophysical…
Two elastomers developed by Trelleborg Sealing Solutions , Isolast XploRTM J9523 perfluoroelastomer (FFKM) and XploRTM V9T82 fluoroelastomer (FKM), have now met the ISO 23936 standard as well as revision three of NORSOK M-710. FFKM and FKM…
Aberdeen headquartered QTEC Energy Services and Calgary headquartered Performance Fluid Management (PFM), both companies specializing in the management of drilling fluids on drilling installations, are merging to create a new company, FOCUS…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…