Norway-based geoscience firm Dolphin Geophysical has filed for bankruptcy just days after warning it had struggled to restructure its debt and capital structure. The firm, whose shares halved last Thursday after it warned it could have to file for insolvency…
The platform supply vessels Viking Lady and Viking Athene have been awarded a contract with Total E&P Norge for one well starting mid December 2015. The duration of this contract is estimated to 75 days. Viking Prince has also…
Statoil has received consent for modifications at Kristin and Tyrihans in connection with tie-in of the Maria field. Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is the operator of the field, which has…
ExxonMobil has chosen Darren W. Woods to be president and a member of the company's board of directors, effective 1 January 2016. Woods is currently senior vice president of the corporation. Rex W. Tillerson will continue his roles of chairman of the board and CEO…
Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
Marcelo Odebrecht officially announced his resignation and is stepping down from several roles after spending six months in prison for charges of bribery and corruption, for his alleged role in state-run Petroleo Brasileiro SA (Petrobras) Lava Jato scandal…
The Steam Oil Production Co. has agreed a deal with EnQuest to acquire a 100% interest in License P1996, made up of blocks 28/2b and 28/3b, containing the Elke and Narwhal discoveries. The transfer of the interest and assumption of operatorship…
Statoil and Repsol have agreed deals covering acreage in Norway, UK, US and Brazil. Statoil is to farm down 15% in the Norwegian Gudrun field to Repsol, retaining operatorship and 36% interest. Pending Repsol partner approval, Statoil…
Chevron is planning a 24% reduction in its 2016 capital and exploratory investment program to US$26.6 billion, compared to 2015’s $35 billion. Chevron's Big Foot in the GoM. Image from Chevron…
Houston-based BOP Technologies announced a new approach to allow a BOP to work even if the drilling rig loses power or hydraulic pressure. The company calls it 'a huge step' toward making BOPs the last line of defense in case of a blowout…
BP has reached a major milestone with its Quad 204 redevelopment project 175km west of Shetland. The firm's new floating production, storage and offloading (FPSO) vessel, the Glen Lyon, has left Hyundai Heavy Industries' yard in South Korea and started sea trials…
Offshore rope manufacturer Lankhorst Euronete Brasil (LEB) has been awarded a contract by OOGTK Libra GmbH & Co KG to supply the polyester mooring ropes for a floating production, storage and offloading (FPSO) unit in the Libra oil field…
Swedish heat transfer and centrifugal separation and fluid handling firm Alfa Laval has won an order to supply Framo pumping systems to an oil platform in the UK North Sea. The order is worth about SEK 100 million and delivery is scheduled for 2016…
Germany's Wintershall has made a minor oil discovery on the Syrah exploration well in the Norwegian sector of the North Sea. The operation, in production license 248, included wild cat well 35/11-18, targeting Middle Jurassic rocks in the Brent group…
Independent Oil and Gas has executed a well management contract with AGR Well Management for the drilling of the North Sea appraisal well on Skipper, which is on track to spud in late January or early February 2016. As part of its payment…