US-based Freeport McMoRan is cutting nearly 30% from its oil and gas division, and a total of 29% from its July 2015 estimates. Image from Freeport McMoRan. The natural resources…
Shell, the operator of the BC-10 field, has awarded a contract to Helix Energy Solutions Group’s robotics subsidiary, Canyon Offshore, to trench and bury over 40km of pipe in 1675m of water in the Campos basin offshore Brazil. The work…
Malaysia-based Bumi Armada Berhad saw a 22% decline in its revenue in 2Q 2015, but an increase in its EBITDA. Image from Bumi. The offshore oilfield service provider's revenue decreased by 22% to US$109 million (459…
Houston-based McDermott received its largest single award in the history of its Middle East operations today (27 August) by Saudi Aramco for brownfield work off Saudi Arabia. Signing the LTA. Image from McDermott…
Australian oil and gas explorer Tap Oil announced its entry into Myanmar to explore reserves in the shallow water areas in the Moattama basin. Tap, along with its joint venture partners, will explore the 13,000sq km Block M-7 located 160km east of the 6…
Amec Foster Wheeler has been awarded a three-year integrated services contract (ISC) by Maersk Oil covering its North Sea assets. The value of the contract has not been announced. The integrated services will start in September 2015 and will run for three years…
Shell has contracted Norwegian accommodation vessel operator Prosafe's Regalia unit to support work on the Brent C platform in the UK sector of the North Sea. Brent C is one of four platforms on the Brent field which Shell is working towards decommissioning…
CGG's E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Repository, is now in production and accessible to all members of the Diskos group. The Diskos implementation…
Danos has been selected by Shell to fabricate three boarding valve skid assemblies for its deepwater Appomattox project. The project, which will engage five Danos divisions – coatings, fabrication, instrumentation and electrical, project management and procurement – will begin immediately…
Maersk Oil says it is planning to shut its Janice floating production unit (FPU) next year and change its offshore rotation system as it looks to reduce costs amid the falling oil price. About 200 onshore and offshore jobs could be lost as a result of the move…
Oil services giant Schlumberger (SLB) entered into a deal to acquire Cameron International in a US$14.8 billion stock and cash deal that will offer the industry’s first complete drilling and productions systems. Image from Schlumberger…
Trelleborg Sealing Solutions has produced a new innovative seal for a 'ground-breaking' valve designed by Schoolhill Hydraulic Engineering for BP’s Shah Deniz field. The high-flow, high-integrity, safety critical subsea quick exhaust valve (QEV)…
Shell has started drilling on the Portrush exploration well 6407/10-5 in the Norwegian Sea. The Portrush prospect is in license PL793 about 10km southeast of the producing Statoil-operated Njord field and 20km west of the Shell-operated Draugen field…
Elaine Lisenbe has been appointed to the position of chief financial officer (CFO) and will join Wood Group Mustang’s executive leadership team. Lisenbe joined Wood Group Mustang as financial controller in 2011 and served most recently as vice president of finance for the Americas…
Wood Group Intetech (WGI), an asset integrity specialist, has been awarded US$1 million worth of work in the form of 11 new contracts from new and existing clients. The agreements span the Americas, Europe and the Middle East, and include…
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