The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
Henry Woo is to head up the Asia-Pacific (APAC) division at Hansa Heavy Lift, taking over from Joerg Roehl. Woo, who will be based at the shipping line’s Asia headquarters in Singapore, has two decades of experience in the supply chain and shipping industry…
Malaysia-based Petronas has hit a milestone with its PFLNG SATU last week, as the unit produced its first drop of liquefied natural gas (LNG) from the Kanowit gas field, offshore Sarawak. The PFLNG SATU…
Independent Oil and Gas (IOG) has extended the licenses for Blocks 48/22b and 48/23a in the Southern North Sea (SNS) containing the Blythe gas discovery (P1736) until 31 December 2017, following discussions with the UK Oil & Gas Authority…
Zilift, a developer of permanent magnet technologies for innovative artificial lift applications for the energy sector, has successfully achieved the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP)…
Global Marine Systems secured a contract from Tampnet. The contract is designed to further enhance inter oil-field communication networks in the North Sea. Work will be undertaken in 2018 by one of the company’s key installation vessels…
Polarcus received two letters of intent from two undisclosed clients for two additional marine seismic projects offshore South America. The projects, one 3D using Polarcus' RightBAND technique for broadband data acquisition and one 4D monitoring survey…
AzEire has been awarded licensing options over multiple blocks and part-blocks in the North Celtic Sea and Fastnet Basins offshore Ireland. The combined area of these awards totals around 3163sq km and will be held under a petroleum prospecting license for the duration of the licensing option…
Norway’s Petroleum Safety Authority (PSA) has granted Faroe Petroleum Norge consent to takeover operatorship from DONG E&P Norge of the Oselvar and Trym fields in the North Sea. Earlier this week, Faroe completed the acquisition deal…
Manila’s Asian Development Bank (ADB) is investing US$1 billion in the expansion of the BP-led Shah Deniz II project, offshore Azerbaijan in the Caspian Sea. Welding of Shah Deniz II jackets being fabricated at BDJF…
Swiss multinational commodity trading group Glencore has confirmed it is in the final stages of negotiations over buying a 19.5% stake in state-owned Russian oil firm Rosneft. The acquisition would be as part of a consortium with the…
More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday. Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…
Magseis has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic acquisition survey in the North Sea using the company’s proprietary MASS system. Magseis will mobilize what will be its second, ROV-based crew for the project…
Houston’s Ardent completed the removal of the Troll Solution jackup in the Bay of Campeche, off Mexico, that the company is calling the largest wreck removal in 2016. Ardent deployed assets from several countries…
Mitra Energy has changed its name to Jadestone Energy, effective immediately. 'We are moving in a new direction and we want to be defined by our actions in the years ahead rather than by the past,” said Paul Blakeley, executive chairman…