Crude Oil News

 

The state of independents

Apr 01, 2012

The crucial role played by the independents in the energy mix and the slightly precarious position in which they find themselves was highlighted by Talisman Energy president and CEO John Manzoni at the Energy Institute's recent three-day gathering in London…

Offshore drilling management: time to raise the game

Apr 01, 2012

In the aftermath of Macondo, the E&P industry is preparing to invest heavily in upgraded BOP equipment. For some drilling professionals, including Fraser Offshore’s Douglas Nunn, this is a questionable use of resources. ‘Hardware upgrades and…

Robust market and frontier locations boost salaries

Apr 01, 2012

Salaries for oil & gas industry engineers shot up over the past year, rising an average 6.1% across several professional disciplines, according to a new survey released by recruitment firm Hays.The average permanent salary across the survey's sample of 144…

Gas leak at Elgin 'ongoing'

Mar 29, 2012

Total has confirmed that gas continues to leak from its Elgin well head platform in the UK North Sea as of 29 March 2012, four days after the incident occurred. In a statement, Total said the site is currently stable and that a gas cloud in the area is heading away from Elgin facilities…

Handling the heat

Mar 03, 2012

The recently launched Pelagic CLEO high temperature subsea control fluid is hailed as breakthrough technology by its developer Niche Products. Developed to bridge the technology gap between water-based fluids and the extreme offshore HP/HT developments anticipated in future…

Straight-through hot stab

Mar 03, 2012

Subsea connector specialist SECC Oil & Gas reports that a full-bore, straightthrough, pressure-balanced hot stab – hailed as an industry first – based on its patented technology is being specified for a series of subsea injection and pumping projects in the Gulf of Mexico…

Aker Solutions

Mar 03, 2012

Aker Solutions is strengthening its presence in northern Norway with the acquisition of Sandnessjøen Engineering, which has for 20 years supplied engineering and project management services to the oil & gas and construction industries in the Sandnessjøen area…

Weir Group

Mar 03, 2012

Scotland’s Weir Group has acquired Novatech, a Dallas, Texas-based and family-owned manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million.

Bill Stobaugh

Mar 03, 2012

Bill Stobaugh (pictured) has been promoted to EVP corporate planning & business development at Murphy Oil Corporation. He will continue to report to president and CEO David Wood. Tom Mireles moves up to VP in Stobaugh’s team.

Claudi Santiago

Mar 03, 2012

Claudi Santiago, former president and CEO of GE Oil & Gas has joined First Reserve as MD and COO, based in the energy investment firm’s London office.

Jeffrey Soine

Mar 03, 2012

Jeffrey Soine is CEO and president of Houston-based Renaissance Offshore, recently started up with a $300 million equity commitment from Quantum Energy Partners to acquire and redevelop legacy oil producing properties in the shallow water Gulf of Mexico…

José Miranda Formigli Filho

Mar 03, 2012

José Miranda Formigli Filho (pictured) is the new head of E&P at Petrobras, replacing Guilherme de Oliveira Estrella. Formigli, a civil engineer, has served the Brazilian state oil company in E&P roles for 29 years, latterly as Pre-salt E&P executive manager…

Stephane Constant

Mar 03, 2012

Stephane Constant (pictured) has taken up the newly created, full-time post of CTO to lead the Xodus Group’s integration of surface and subsurface services. Constant worked as a reservoir engineer for Elf and Agip in the UK and Premier Oil…

Bromwich disputes drilling backlog

Mar 02, 2012

BOEMRE director Michael Bromwich vows that deepwater drilling will return to the US Gulf of Mexico in the coming months, marking a return of exploration all but shut down after the Deepwater Horizon disaster. But the oil & gas industry remains skeptical…

Arctic aspirations

Mar 02, 2012

In a world where two things are certain – death and taxes – Arctic exploration does offer a certain amount of certainty: just a little bit of information can completely alter the way the industry views a specific Arctic area. Industry leaders…

Current News

Shell Accelerating Renewables Push in Germany

Shell Accelerating Renewables Push in Germany

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

Borr Drilling Expects Demand for Modern Jack-Up Rigs to Grow

Borr Drilling Expects Demand for Modern Jack-Up Rigs to Grow

Eni Officially Enters Giant Offshore Wind Project in UK

Eni Officially Enters Giant Offshore Wind Project in UK

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