Eni subsidiary Saipem is implementing a turnaround and US$1.4 million (€1.3 million) cost-cutting program from 2015-2017 that will downsize the company’s Brazilian and Canadian operations, vessels, and implement job cuts. The program also…
aeSolutions has announced the release of aeShield V4.0 with aeFacilitator, the latest version of their Safety Lifecycle Management platform. aeShield paired with aeFacilitator provides maximum value to customers by enabling different personnel/groups…
Peak Well Systems, a specialist in the design and development of advanced downhole tools for well intervention, has announced the launch of the FlexiDrift – an adjustable tool to confirm the minimum diameter specification of well bore tubing with the ability to cover a range of tubing sizes…
The Yolla-6 development well at the BassGas project offshore Australia has been successfully tied-in to export facilities on the Yolla platform and production from that well has commenced, according to partner AWE Ltd. Image from Origin…
OSBIT Power (OP), a leading Northeast England offshore and subsea engineering company, has successfully delivered two well intervention equipment projects, totaling several million pounds, to Helix Well Ops UK for installation on the Q7000…
Russia’s Rosneft and US-based ExxonMobil filed joint bids to participate in Mozambique’s fifth licensing round scheduled to close today (30 July). Map of the Angoche, Zambezi basins. From Mozambique National Petroleum Institute…
Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…
Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse floating liquefied natural gas (FLNG) development, offshore Western Australia. Wood Group Kenny (WGK)…
Petronas subsidiary PSE Seven Heads has started drilling on the Midleton prospect offshore Ireland, according to partner Landsdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy is using Diamond Offshore Drilling's…
Subsea 7 has won a contract worth about US$500 million from BP for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt's West Nile Delta project where field development will be at depths of approximately 800m…
Global upstream oil and gas deal activity, including capital markets and mergers and acquisitions (M&A), totaled US$19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015…
Fluid Components International’s (FCI) new model ST100L air/gas in-line thermal mass flow meter features an all-welded, no-thread flow element connection to provide flow measurement in demanding high-pressure industrial operating environments…
Image: Jascon 31/Sea Truck Group Sea Trucks Group has won a charter for the Jascon 31 in the Gulf of Mexico. The DP3 accommodation construction vessel will start sailing soon from West Africa to the Gulf of Mexico…
US-based Chevron is cutting 1500 employees in its attempt to slash costs by US$1 billion, with Houston employees getting the majority of the job cuts. Chevron's Big Foot has seen delays this quarter…
Air Energi launched a dedicated division for permanent workforce solutions and appointed Donna Chapman as vice president to lead the new service stream. Air Energi has been delivering permanent workforce services for several years…