Less than eight months after its discovery, BP and the Egyptian government signed a heads of agreement to rapidly progress the development of the Atoll deepwater field offshore Egypt as early as 2018. BP's…
French geoscience firm CGG is to cut 950 jobs, or 13% of its staff, and reduce its vessel fleet amid the ongoing, prolonged oil price drop. CGG has already been implementing a fleet reduction program, since announcing its “Transformation Plan” at the end of 2013…
Lundin is on track to start up tohe Edward Grieg field this month after Norway's Petroleum Safety have the firm the green light for start-up and operation. The Edvard Grieg field is 35km of the Grane and Balder fields in 110m water depth…
Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…
Fugro has taken delivery of the new ROV support vessel (RSV) Fugro Aquarius. The new DP-2 diesel-electric vessel is 83m is length with a deck area of 520sq m and accommodation for 60 people…
Image from Oil and Gas Authority. Patrick Brown, chairman of the Oil and Gas Authority (OGA), has confirmed the appointment of three non-executive directors to the OGA board. Mary Hardy…
SapuraKencana Energy (SKE) secured the approval from Petronas for the field development plan (FDP) for the SK310 B15 gas field development project, offshore East Malaysia. The B15 field, which was discovered in December 2010, is located…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…
Amid being the center of a major, worldwide bribery and corruption scandal, Brazil state-run oil company Petróleo Brasileiro’s (Petrobras) operations are being affected by the oil workers’ unions strike, and at the same time, the company received the resignation of one of its board members…
Seatronics has formed a new partnership with Norwegian subsea tooling firm LateraL, which specializes in improving offshore performance through its product range. The LateraL FlexiCal ROV mounted caliper…
Master Marine’s subsidiary Jacktel signed a US$178 million contract with Statoil and the Johan Sverdrup license partners to provide jackup accommodation services on the Johan Sverdrup field, offshore Norway. Image of the Haven jackup…
Singapore-based Sembcorp Marine reported a 17% year-on-year decline in revenue from US$3.1 billion (S$4.4 billion) to $2.57 billion (S$3.6 billion) for the nine months to September 2015, due to lower revenue recognition for rig building projects and ship repair…
Italian giant Eni is set to net US$507.8 million (€463 million) from the Saipem stake sale to Fondo Strategico Italiano (FSI). Descalzi. Image from Eni. The price for each Saipem share has been valued at $9…
Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…
Image: Eni Goliat illustration overview/Eni Lankhorst Ropes Offshore has overseen the installation of the mooring ropes for the Goliat FPSO (floating production storage and offloading) for Eni Norge…
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