Oil services giant Schlumberger posted more than a US$1 billion loss in its Q4 and full year 2015 results, in addition to a further 10,000 job cuts, bringing its workforce reduction to some 30,000 for the year. Kibsgaard…
Woodside Energy and partner Daewoo International have started drilling their latest exploration well offshore Myanmar just weeks after announcing a gas discovery in the region. The latest well, the Thalin-1 well in Block AD-7, was spudded 20 January…
JX Nippon E&P is gearing up to drill an exploration well on the Loanan prospect west of Shetland. The Japanese exploration firm has awarded Norway's Odfjell Drilling a contract to use the semisubmersible Deepsea Stavanger for the well…
The BW Athena floating production, storage and offloading (FPSO) vessel is to be demobilized from the Athena field in the UK North Sea next month. The move, which had been expected, will the see BW Athena leave the field Athena and Anglia fields…
Global offshore deepwater drilling services provider Ocean Rig UDW received a termination notice from Italian giant Eni for the Ocean Rig Olympia deepwater drillship. According to Ocean Rig, “due to the dramatic fall of the crude oil price and the volatile market context…
PGS has completed the acquisition of the 7300sq km CearáBasin “Fortaleza” MultiClient 3D survey on the Equatorial Margin of Brazil. The survey has significant industry pre-funding and marks the first use of a Ramform Titan-class vessel, the Ramform Atlas…
Equatorial Guineas’ Ministry of Mines, Industry and Energy, on behalf of the government of Equatorial Guinea signed a production sharing contract (PSC) with ExxonMobil E&P Equatorial Guinea (Offshore) and GEPetrol for Block EG-06, offshore Bioko Island…
Ampelmann, provider in motion compensation access solutions, opened an office in central Aberdeen as the next step in the continued expansion of the company. Ampelmann has an extensive track record in supporting walk to work campaigns in the North Sea…
Wood Group has established a collaborative agreement with international engineering consultancy, Magma Products to extend its existing commissioning service. Headquartered in Aberdeen and specializing in the field of commissioning and start-up…
Germany’s Hansa Heavy Lift has appointed Mark Preece as its new senior advisor to help the company grow its presence in the global offshore industry. Preece. Image from Hansa Heavy Lift. Preece…
Heerema Fabrication Group (HFG) says Marathon's Alba B3 topside and jacket have now been installed offshore Equatorial Guinea. The 2000-ton, four-legged jacket, built at HFG's Vlissingen yard in the Netherlands, supports the 4500-ton B3 compression platform…
Trelleborg Sealing Solutions has opened a dedicated climate-controlled swivel stack seal inspection facility for the validation of custom seals for floating production storage and offloading (FPSO) operators. The facility, located in Barendrecht…
Anglo-Australian multinational mining, metals and petroleum company BHP Billiton plans to have a capital expenditure of US$1.5 billion in 2016 for its offshore projects, and to remain focused on high-return infill drilling opportunities in the Gulf of Mexico and Western Australia…
Castex Energy is set to fabricate and install a platform jacket over the Main Pass Block 270 #3 BP 1 well on its Hummer exploration prospect, in the Gulf of Mexico, according to partner Petsec Energy. The well is located about 50mi southeast of Venice…
Shell’s full year 2015 results are expected to record a significant drop of about 54% compared to 2014, in addition to a reduction of some 10,000 positions across BG Group and Shell in an effort to streamline and integrate the two companies…
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