UK-based exploration minnow Cluff Natural Resources (CLNR) has entered into a further memorandum of understanding (MOU) with Halliburton. The move will see the pair to collaborate on the development of CLNR's southern UK North Sea gas…
Wood Group PSN says it is to reduce rates paid to about a third of its UK-based contractors by about 9% 'in response to continuing cost and efficiency challenges affecting the UK North Sea oil and gas sector.' Wood Group, which already…
PGS is to start a 8200sq km survey of the Nordland Ridge area of the Norwegian Sea, starting May and to be completed during 2016. The survey is a prefunded GeoStreamer project and extends the existing PGS library coverage of the Halten Terrace to provide a regional dataset of over 29…
Don Wallette, Jr., currently ConocoPhillips executive vice president, commercial, business development and corporate planning, has been named executive vice president, finance, commercial and chief financial officer (CFO), after the announcement of the retirement of Jeff Sheets…
Rolls-Royce signed an US$11.5 million (£8 million) contract to supply the mooring system for the world’s largest semisubmersible crane vessel (SSCV), Sleipnir. An illustration of the Sleipnir vessel…
UK-based Centrica plans to reduce its workforce by 3000 by year-end, and a total of 6000 by 2020 in a move that will save the company more than US$1.1 billion (£750 million). Image of Iain Conn…
Oil production in the US Gulf of Mexico (GoM) will reach record high levels in 2017, due to some 14 projects starting up during 2015-17, despite low oil prices. Anadarko's Heidelberg. Image from Anadarko…
Noble Energy is implementing an aggressive plan to decrease its capital program by 50% in 2016, as the company moves forward with several development projects planned for the year that include Israel and the Gulf of Mexico. Image from Noble…
Petrobras has discovered 'good quality oil' in a new well in the giant Libra field, in the pre-salt Santos basin, offshore Brazil. Map of the Libra field, from Petrobras. Well 3-BRSA-1305A-RJS…
MacGregor signed a contract to supply its Pusnes technology to the COSCO Shipyard Group in China. Upon the terms of the agreement, MacGregor will design, manufacture, deliver and commission complete Pusnes loading systems for two cargo transfer vessels (CTVs)…
Tullow Oil is reducing how much its Jubilee floating production, storage and offloading (FPSO) vessel can rotate after discovering an issue with the vessel's turret bearing. The Kwame Nkrumah FPSO vessel, which started production from the field…
Norway-based Harding was awarded contracts to deliver lifeboats and davits to the Culzean offshore gas complex, that will be constructed for Maersk Oil UK by Sembcorp Marine subsidiary SMOE Pte. Image from Harding…
Wärtsilä entered into a contract with Shanghai Bestway Marine Engineering Design Co. last month to design a new type of deepwater dive support vessel (DSV) for China state-owned company Shanghai Salvage Bureau (SSB). Image from Wärtsilä…
Chevron awarded Ensco a contract for its Ensco 8504 semisubmersible rig, offshore Indonesia. The rig is mobilizing to Indonesia, and is expected to begin operations in late March. The contract is set to end in early July with a dayrate of about US$270…
Barakah Offshore Petroleum Berhad’s subsidiary, PBJV Group Sdn Bhd. won a US$4.6 million subcontract agreement for the Petronas Floating LNG 1 (PFLNG 1). The work is for the provision of offshore engineering, procurement, installation and related activities…