Independent Oil and Gas (IOG), the North Sea focused oil and gas company, will delay the Skipper appraisal well until there is greater stability and clarity in the oil market. This follows recent oil price movements and bad weather in the North Sea…
Ezion Holdings Ltd. has secured an agreement to jointly market two service rigs being built by a Chinese state owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector, announced Ezion Holdings board of directors…
Earthjustice, on behalf of eight conservation groups, filed to intervene in a case before the Interior Board of Land Appeals to defend the Department of Interior’s (DOI) decision to deny Shell’s request for an extension of the terms of its oil drilling leases in the Arctic Ocean…
The 22nd annual Petroleum Exhibition & Conference of Mexico (PECOM) will feature several keynote speakers this year, and kicks off on Tuesday, 5 April in Villahermosa, Tabasco. Exhibit floor at PECOM 2015…
Amarinth has delivered four sodium hypochlorite dosing pumps manufactured in titanium alloy to ADMA-OPCO for use on the Umm Lulu Development Project offshore of Abu Dhabi. Amarinth were approached by Cumberland to tender for the pumps on a tight 24 week delivery for the Umm Lulu platform…
CGG launched a US$378.8 million (€350 million) rights offering to existing shareholders to fund its “transformational plan” to convert CGG from a seismic acquisition company into an integrated geosciences group. The CGG Oceanic Vega…
Tullow Oil's TEN project is now 80% complete, with first oil scheduled for between July and August this year, the firm said this morning. Sailaway of the TEN FPSO from Singapore to Ghana is expected late January, with arrival in Ghana in early March…
The first major contract on Premier Oil’s Sea Lion field offshore the Falkland Islands has been awarded following completion of pre-front end engineering and design (FEED) on the project. Netherlands headquartered floating production…
Subsea UK today urged the industry to turn talk into action now to safeguard the future of the UK’s £9 billion subsea sector. The call was issued as Subsea UK announced the final speaker line-up and program for its eleventh annual conference and exhibition…
Ophir Energy has appointed Dr John Bell to the position of director – Asia and Dr Oliver Quinn to the position of director – Africa and Global New Ventures. Both Bell and Quinn start their new roles with immediate effect, reporting directly to COO Dr Bill Higgs…
Embattled Brazilian state owned firm Petrobras has made deeper cuts to its previously announced 2015-2019 business plan, with the company announcing a 25% drop in capex today (12 January). Petrobras will drop its planned capital expenses by US$32 billion in its 2015-2019 business plan…
The European Commission (EC) has authorized Italy’s Eni to sale 12.5% of its stake in its subsidiary Saipem to Fondo Strategico Italiano (FSI). Image from Saipem. According to the Italian giant…
Fugro entered into a sale and leaseback agreement with Icon Investments for two of its geotechnical vessels, the Fugro Scout and the Fugro Voyager. The Fugro Scout. Image courtesy of Fugro. The…
Statoil awarded IKM Ocean Design a contract worth an estimated US$22.5 million (NOK 200 million) for the Johan Castberg subsea integration pre-FEED and FEED project. Image of the contract signing in Oslo of Peder Hoås and Geir Paulsen…
UK oil giant BP plans to cut approximately 4000 jobs across its global upstream sector in the next two years to simplify its business, improve efficiency, and reduce costs. Image from BP. BP…