A sustained low oil price environment is a challenging one, with 'survival of the fittest' being an undeniable reality of the sector. Upstream exploration and production (E&P) operators, in the past two years, have scurried to re-evaluate their operational Business as Usual (BAU) practices…
Wood Group has secured a five-year contract to continue providing engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Co. (HMDC). The…
Chevron is setting its sights for mid-2017 for first liquefied natural gas (LNG) from its giant Wheatstone project in Australia, according partner Woodside Petroleum said. Illustration of Wheatstone…
Mexico’s National Hydrocarbons Commission (CNH) has approved Italian giant Eni to drill a well in the shallow waters of the Gulf of Mexico, according to news reports. Image from Eni. Drilling…
FMC Technologies is moving forward with its aggressive tactics to make more job cuts in Q4 2016, as the company reported a 29% drop in revenue for Q3 2016. Illustration of FMC Houston offices, from FMC Flickr…
Quadrant Energy discovered natural gas at the Spartan-1A well, offshore Western Australia, according to partner Santos. Spartan-1A is 15km to the south-east of John Brookes, and is a potential future tie-back into existing infrastructure…
Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Aker Solutions entered into an agreement to buy 70% of Brazilian CSE Mecânica e Instrumentação Ltda, in which the deal comes with an option to purchase the remaining 30% of the company three years after the expected close of the transaction by the end of Q1 2017…
Verus Petroleum entered into a sale and purchase agreement with Maersk Oil North Sea UK for the acquisition of Maersk Oil’s 9.8% interest in the Boa oil field, increasing Verus’s interest in the Boa field to 11.35%. The deal also adds approximately 1800 boe/d to Verus’s daily production…
Hurricane Energy is looking to raise US$86 million (£70 million) of new capital to fund its Lancaster development, West of Shetland, offshore the UK. Image from Hurricane Energy. The…
Sea Trucks was awarded an inspection maintenance and repair contract for a major oil company in West Africa, expected to begin in Q4 2016. Sea Trucks will use its multipurpose support DP2 vessel, the Jascon 55, a construction barge and a spread of its own conventional vessels for the job…
Singapore’s Keppel is cutting more than 3000 jobs in its offshore and marine division (Keppel O&M) due to slow global growth and weak demand in the first nine months of the year, the company said today (20 October). Image from Keppel…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different floating production and storage offloading (FPSO) projects in Brazil. Modec has appointed Aqualis…
Certification and technical services firm ABS and South Korean shipbuilder Samsung Heavy Industries (SHI) has concluded a joint development project (JDP) for a new tension leg platform (TLP) design. The new TLP hull concept, the Samsung Enhanced hull for Tendon (SET) TLP…