Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Co. to manage the engineering, procurement and construction of a new gas and condensate pipeline. The…
As of 4 July, the business formerly known as Talisman Sinopec Energy UK has been renamed as Repsol Sinopec Resources UK. This follows the acquisition, in 2015, by Repsol of the global assets of the former Talisman Energy, including a 51% stake in the UK North Sea joint venture with Sinopec…
Centrifugal pump firm Amarinth has secured an order for bespoke utility and fresh water pumps from Hyundai Heavy Industries (HHI) for a platform being built for ADMA-OPCO to operate in the Nasr oil field, offshore of Abu Dhabi. Amarinth…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
Royal IHC and Tompkins UK are strengthening their strategic cooperation with IHC’s acquisition of a majority stake in Tompkins, the parent company of Modus Seabed Intervention and a partner in the TI Geosciences joint venture (that IHC and Tompkins created in 2015)…
Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay US$130 billion worth of debt – nearly $24 billion will mature by 2017. Efforts to sell non-core assets (pipelines, power plants, bonds etc.) have been slow…
Per Harald Kongelf (56) has been appointed new SVP Improvement for Norway's Det norske oljeselskap. He joins Det norske from Aker Solutions Norge, where he has served as the regional head of Norway. He will take up the new role on 15 September 2016…
The Industry Technology Facilitator (ITF) has launched a call for proposals to improve or offer alternative approaches to cement plugs which are currently deployed in plugging and abandonment (P&A) operations in wells. The invitation is open to qualified organizations…
A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the US now holds more recoverable oil reserves than both Saudi Arabia and Russia. For US, more than 50% of remaining oil reserves is unconventional shale oil…
A feasibility study report says full-scale carbon capture, transport and storage (CCS) in Norway could be achieved by 2022. The study, by Norway's Ministry of Petroleum and Energy, sets out to identify at least one technically feasible CCS chain with corresponding cost estimates…
MEO Australia has reached an agreement to assign its 50% interest in the WA-454-P exploration permit, in the Bonaparte Gulf, offshore northern Australia to Origin Energy Resources. MEO had actively sought an additional partner for WA…
Aminex has increased gas production from the Kiliwani North-1 well, offshore Tanzania. The well, drilled on the Kwiliwani North field from Songo Songo Island island, was brought on stream in April. It reached 30 MMcf/d boe at the weekend…
Northeast Scotland surface preparation and protective coatings Davidsons Blast Services (DBS) has completed a five-figure project on a unique well intervention system. DBS, which provides blast cleaning and application of protective coatings to the oil and gas…
Aberdeen-based floating production services firm Amplus Energy, has concluded a multi million pound deal to buy Aberdeen-based survey company Andrews Survey, from the administrators of the Harkand Group, which went into administration at the beginning of May…
Eni Congo has awarded Italian firm Rana an extensive underwater inspection, maintenance and repair campaign covering some 17 platforms. Rana has chartered the dive support vessel Toisa Paladin, which is now mobilizing in Ravenna, Italy…