Area 4 is the jewel in Italian explorer Eni’s African crown. Meg Chesshyre reports on the company’s plans to get its large gas discoveries off Mozambique to market. Map of Mozambique. From EIA. Mozambique’s…
There can be little doubt – either for us as energy professionals in the sector, or anyone who has picked up a paper over the last few months – that the UK oil and gas industry is facing a serious challenge. Mike Tholen…
Kuwait Petroleum Corp.'s (KPC) CEO today said the company would be increasing output, a move he says will put pressure on deepwater projects as well as the likes of onshore oil sands and expensive unconventional projects. Nizar Al-Adsani said the market…
Oil and gas industry sentiment in the UK plunged dramatically in Q4 2014, according to the results of a survey published today. Oil & Gas UK’s Business Sentiment Survey says optimism in the oil and gas industry fell 16 points to -23 points on a -50/+50 scale…
Private equity group Epi-V has taken on Talisman Sinopec Energy UK CEO Geoff Holmes to lead its FourPhase portfolio company CEO as it looks to grow its global portfolio. it has also taken on Expro director Tony Kitchener, as Chairman…
Andy Samuel, Chief Executive of the UK's new offshore industry regulatory body, the Oil and Gas Authority, has made his first senior appointments to the nascent body. Samuel has appointed the first three of six directors to his leadership team: Simon Toole…
Wintershall Norge received consent from the Petroleum Safety Authority Norway (PSA) to use the facilities on the Vega field in the North Sea. Wintershall took over operatorship of Vega from Norway’s Statoil in September 2014. According to the PSA…
Electromagnetic Geoservices (EMGS) entered into a US$2.5 million data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. EMGS's multi-client data library in Norway now covers 44…
GE has launched GE Marine, a new organization focusing on the merchant, offshore and naval industries, to be led by Tim Schweikert, VP, GE Marine. This new organization brings together GE’s commercial and technological expertise in the…
Technip's president and chief operating officer (COO) is joining Netherlands-based floating production specialists SBM Offshore as COO. Philippe Barril (pictured) will start on 1 March. Barril had joined Technip five years ago and had been named president and COO in January last year…
Wintershall Norge awarded DNV GL a US$3.95 million contract to be the sole supplier for the combined role of independent verification body (IVB) and third party design verification scope for the subsea, umbilicals, risers and flowlines (SURF) part of the Maria field development project…
Austria's OMV says it is to delay projects, setting back its production targets, due to the 'rapid fall' in oil prices. CEO Gerhard Roiss said the fall in Brent oil prices by 58% since a high in mid-2014 represented a 'seismic shift' for the industry…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to survey and geotechnical services firm Fugro. The Dutch shipyard was responsible for the design, engineering and manufacturing of…
Super major Shell is curtailing its spending by more than US$15 billion over the next three years and has futher options to reduce spending, the supermajor announced this morning, citing the dramatic, nearly 60% drop in oil prices over the past six months…