Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions…
In Repsol's 2016-2020 Strategic Plan, unveiled today, the company vowed to cut spending by 38% and divest US$7.1 billion (€6.2 billion) in non-strategic assets. The company said it expected to make half of those divestments in the next two years…
Statoil has, on behalf of the Johan Sverdrup partners, awarded Aibel in Norway the contract for construction of the converter station at Haugsneset and required construction site work for land-based power supply to the field. The contract covers engineering…
The Institute of Marine Engineering Science and Technology (IMarEST) will be offering free student membership to all students (undergraduate and postgraduate), cadets and apprentices for the duration of their studies or training. This…
Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The Brazilian national said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir…
Technavio has published a new report on the global drill bits in oil and gas industry, which is expected to grow at a CAGR of more than 4% from 2015-2019. The company says that the persistent decline in prices during the forecast period…
KNOT Offshore Partners announced that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Ingrid Knutsen for an aggregate purchase price of $115.0 million. KNOT has financed the purchase price with cash in hand…
Genel Energy has announced the retirement of Mehmet Sepil, president of Genel, effective immediately. Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became president. “[Sepil’s]…
Technip USA, Inc., an affiliate of Technip SA of France and 3D at Depth, a global technology provider of advanced subsea LiDAR systems and solutions, announced that they have signed a joint development agreement to expand and commercialize the LiDAR technology for subsea metrology…
Archer (UK) announced the award of a three-year contract with two, two-year extension options, for the provision of platform drilling services for Talisman Sinopec Energy UK. The contract, which is scheduled to commence on 1 November 2015…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
Image: Kaombo Ultra-Deep Offshore Project/Optical Metrology Services Optical Metrology Services (OMS) completed a series of pipe measurement surveys for the Kaombo Ultra-Deep Offshore…
E.ON is divesting 100% of its Norwegian exploration and production (E&P) business in a US$1.6 billion deal with Germany’s DEA Deutsche Erdoel AG. Image from E.ON. Upon the terms of the contract…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Det norske oljeselskap has entered into an agreement to acquire Svenska Petroleum Exploration for US$75 million on a cash free, debt free basis. Svenska has 15 employees in Norway, of which all will be transferred to Det norske. Svenska holds 13 licenses in Norway…