Trinidad and Tobago-focused Trinity is undergoing a multi million dollar cost reduction program that will include a management shakeup. Image from Trinity. According to Trinity…
Vallourec delivered 14,000-tonne of premium tubes in the scope of a contract with Hess Corp. for the Stampede project in the US Gulf of Mexico. Stampede is a deepwater subsea development which is located in the Green Canyon Block area…
In this video, Magma Global shows an animation of the m-pipe intervention line. The Magma m-pipe has applications in IWOCS, downline and chemical injection systems, offering the benefit of lightweight, robust construction and deployment…
Statoil received consent from the PSA to drill a new production well from the Heimdal facility. The well is to be drilled using a modular drilling rig (MDR). An MDR is a modular mobile rig installed in the facility's drilling area. One has been used for permanent plugging of wells at Heimdal…
French oil major Total has scaled back its production target for 2017 after announcing further investment cuts and project delays. Total says it is executing its plan to reduce capital spending to US$23-24 billion in 2015, from the peak of $28 billion in 2013…
French seismic firm CGG has completed full processing of all four phases of its BandaSeis 2D BroadSeis multi-client program targeting the Banda Arc around East Indonesia and Timor Leste. The regional program, totaling more than 14,000km of broadband seismic data…
VNG Norge has started drilling on the Blink prospect in the Norwegian Sea offshore Norway. The well, 6406/12-5 S, is in license PL586, which also contains the recent significant Pil and Bue discoveries (announced in 2014), says partner Faroe Petroleum…
In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
FMC Technologies has received an award from Shell for its Appomattox deepwater development in the US Gulf of Mexico. FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls, a control system…
Technip and South Korea’s Samsung Heavy Industries (SHI) are teaming up to develop a joint design of a low motion semisubmersible production platform. Technip and SHI already work together under a consortium arrangement, the Technip Samsung Consortium…
Oil and gas services giant Halliburton will shell out nearly US$18.3 million to more than 1000 employees after an investigation by the US Department of Labor. Image from Halliburton Twitter. In…
Landmark, a Halliburton business line and provider of software for the upstream oil and gas industry, and Palantir Solutions, a provider of asset and corporate-level scenario planning software, have formed an alliance to develop a fully integrated economics…
Wood Group has acquired Automated Technology Group (ATG), an independent suppliers of control and power solutions for industrial automation. ATG will perform within Wood Group Mustang’s automation and control business unit, providing…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
OneSubsea has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia. The FEED study, which will be conducted by OneSubsea’s local team in Perth, will include…