The first well drilled using the new build jackup giant Maersk Interceptor (pictured) have reaped successful results for operator Det norske, the firm said this morning. The new unit, operating in the Norwegian sector of the North Sea…
A consortium of three companies has joined forces to bring enhanced oil spill detection and search and rescue capability to the UK North Sea. Using technology developed in Norway, Aptomar, working with Aberdeen's Briggs Environmental Services…
Colombia yet again made another push this year at IHS CERAWeek in Houston to alert the oil and gas industry that not only is the South American country open for business, like that of its northern competitor Mexico, but that it is willing…
NOV's senior vice president and chief financial officer, Jeremy D. Thigpen, has left the company effective immediately to become president and CEO of rig owner Transocean. Thigpen succeeds Ian C. Strachan who was appointed interim CEO…
For the first time in decades, Mexico’s upstream business is accessible to foreign companies. A panel of experts discussed the implications at this week's CERAWeek conference in Houston and found that, with three bidding rounds planned and data rooms open for scrutinizing…
Statoil’s CEO Eldar Sætre made the case for simplicity, industrialization, and standardization as a way for the industry to get through the current downturn at IHS CERAWeek in Houston Tuesday afternoon. Sætre opened with a joke about the downturn saying…
After four months of preliminary work alongside, FPSO Petrojarl I moved on 16 April 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull. In all, the vessel will spend a year at DSR before heading off to the South Atlantic…
AziNor Catalyst completed the 100% acquisition of license P1946, covering Block 15/12a in the UK North Sea from Stavanger Petroleum. The terms of the agreement will require AziNor to undertake all technical work commitments on the license…
Texas A&M Corpus Christi’s Harte Research Institute (HRI) discusses the state of the Gulf of Mexico five years after the BP Deepwater Horizon spill. In this video, the HRI scientists say that the Gulf of Mexico remains resilient after the second largest oil disaster in world history…
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will team up to collaborate on solving operational tasks tied to exploration in the Barents Sea. Image from Statoil. The project…
Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…
AGR has been awarded a well engineering and operational support services contract with DEA Norge. The contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continental shelf (NCS)…
This week commemorates the fifth anniversary of one of the worst oil spills in US history. On 20 April 2010, 11 lives were lost when BP’s Macondo well blew out, spilling millions of barrels of oil, igniting not just a fire, but change within the oil and gas industry…
The global oil and gas industry, and US companies in particular, will require four key changes to expedite recovery from the current slowdown in activity, said Ryan Lance, chairman and chief executive of ConocoPhillips. Ryan made his comments…
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…