Former Statoil CEO Helge Lund has officially started his new role as CEO and executive director at BG Group - a month ahead of his planned start date. Andrew Gould, who has been serving as interim Executive Chairman of BG Group since April 2014…
Petrobras officially named Aldemir Bendine, current CEO of Brazilian bank Banco do Brasil, the successor to its outgoing CEO Maria das Gracas Silva Foster, the Brazilian operator announced on 6 February 2015. Earlier this week, Gracas…
Dolphin Geophysical was awarded a 3D seismic contract including fast track data processing by an undisclosed major oil company for a three to four month project offshore Africa. A Dolphin high-capacity 3D vessel will begin operations during 2Q 2015.
JGC Corp awarded ABB a US$50 million contract to supply the electrical system for one of the world’s first commercial floating liquefied natural gas (FLNG) facilities, and the second to be owned by Malaysian oil and gas company Petronas, the PFLNG2…
The North Caspian Operating Co. (NCOC) awarded Saipem a US$1.8 billion engineering and construction contract to build two pipelines for the Kashagan field project, offshore Kazakhstan. Image from NCOC…
North-east England subsea vehicle specialists Specialist Machine Developments (SMD) is to be taken over by a Chinese corporation. Zhuzhou CSR Times Electric Co., which specializes in mass transit electric drive converter and control systems…
Ikon Science has inked the first sale of its Joint Impedance and Facies Inversion product (Ji-Fi) to US-based independent operator Murphy Exploration and Production Company (Murphy Oil), two months after the launch of the software in December 2014…
Norway-based seismic acquisition firm Spectrum has started a 12,000km multi-client 2D seismic survey offshore Brazil's Pelotas Basin. The new acquisition program will infill both Spectrums' new 7500km survey acquired in 2013 and 12,000km of data reprocessed in 2014…
The southern North Sea Crosgan appraisal well is to be plugged and abandoned after encountering gas bearing sands. The Crosgan appraisal well 42/15b-3 was drilled in the Greater Breagh Area, in Quad 42. The well has reached a total depth…
Lundin Petroleum has made a gas discovery on the Zulu well, close to the giant Johan Sverdrup discovery, offshore Norway. Wildcat well 26/10-1, which is the first well in production license 74BS, hit an estimated 36m gas column in very good reservoir quality Utsira Formation sands…
The US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) will offer 41.2 million acres for oil and gas exploration and development in the Gulf of Mexico under lease sale 235, which will be held on 18 March 2015 in New Orleans…
Rod Starr joins Polarcus as its next chief executive officer (CEO) effective 5 February. Starr has more than 30 years industry experience, starting his career with Unocal where he spent 16 years in various planning and financial roles…
InterMoor, an Acteon company, named Cohen Guidry regional manager for West Africa. Guidry will report to Tom Fulton, InterMoor’s global president. Fulton said, “Cohen’s dedication, initiative and knowledge of the West Africa region will…
Construction on Seanic Ocean Systems’ new, state-of-the-art facility will soon be underway in west Houston. The company’s relocation and expansion will provide extensive space for manufacturing of subsea hardware and tooling, equipment storage and client collaboration…
US oilfield services giant Weatherford has joined its big three competitors in announcing a headcount reduction amounting to thousands as the industry faces cut backs into 2015. Weatherford says it is targeting a 5000 cut in staff, more than 85% of which will be in the Western Hemisphere…