Newly formed Norwegian exploration firm Origo Exploration has given a boost to its exploration portfolio by signing three farm-in transactions involving four licenses: two on the UK Continental Shelf, and two on the Norwegian Continental Shelf…
More than half (56%) of global oil and gas executives are ready to do deals in the next 12 months according to accountants and business advisors EY’s 12th biannual Oil & Gas Global Capital Confidence Barometer. The global survey of 112…
UK trade union GMB has agreed to hold a strike ballot after talks over a dispute over changes to terms for UK offshore workers stalled. The GMB is taking action of what it describes as unilateral changes to working conditions for workers…
The Energy Technologies Institute (ETI) has selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to deliver a project to identify offshore CO2 storage sites. Specifically, it is looking to progress sites deep under…
Petróleo Brasileiro (Petrobras) confirms that it signed a US multi-billion dollar cooperation agreement with China Development Bank Corp. (CDB). Funding will be for years 2015 and 2016, which includes US$3.5 billion, already disbursed…
SacOil terminated its joint venture with Nigeria’s Nigdel United Oil Co. that includes its participation in the oil production license 233, offshore Nigeria. Image from SacOil. The…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
FEI and Weatherford Laboratories entered into a joint agreement to offer advanced reservoir characterization services to the oil and gas industry. The two companies will work together to create new workflows that integrate Weatherford’s traditional core analysis an FEI’s digital rock imaging…
UTEC Survey announced the merger of NCS Survey, with its Aberdeen-based operations UTEC Survey Construction to form one organization in EMEA – UTEC NCS Survey. UTEC and NCS are both part of the Acteon group of companies which specializes in subsea services…
Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…
Global Marine Systems acquired the Q1000 Jet Trencher, a jet trenching remotely operated vehicle (ROV). The new submersible compliments the existing burial equipment portfolio and is designed for pre and post-lay trenching as well…
Sky-Futures, a provider of drone inspection services for the oil and gas industry, has raised US$3.9 million (£2.5 million) from venture capital fund, MMC Ventures, the largest investment into drone technology in Europe. The Series…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Asia Pacific focused AziPac acquired 50% interest in the North Madura production sharing contract (PSC) located offshore Java Sea, Indonesia. AziPac, through its subsidiary Azipac North Madura, acquired 25% interest from Mitra Energy…
Delta SubSea entered into an agreement with Olympic Shipping for the Olympic Delta, a newly built multipurpose subsea support and construction vessel. Image of the Olympic Delta. From Delta SubSea…
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