The SNE oil field offshore Senegal contains more oil than initially estimated, according to a new report commissioned by field partner FAR Ltd. FAR's previous estimates for so-called 2C contingent resources in the Cairn Energy operated field were 330 MMbbl…
Subsea services company Acteon has launched a new service offering to directly address the demands and changing conditions of the global oil and gas industry. Acteon Field Life Service (FLS) offers a “joined-up” approach to the capex…
BW Offshore is a step closer to recovering the Cidade de São Mateus floating production vessel to shore for repairs more than a year after it was damaged in a fire. The fire, on 11 February 2015, offshore Brazil, saw nine of the 74 crew die and 26 require medical attention…
Murphy Oil Corp. has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean, which owns and operates the unit, says it will be compensated…
First gas from Total’s Laggan and Tormore gas and condensate subsea-to-shore development has finally been achieved. Originally due on stream at the end of 2014, the Laggan-Tormore development, has suffered delays, resulting in massive costs for onshore contractor Petrofac…
Wood Mackenzie's latest global oil production analysis* indicates that 3.4 MMbbl/d of oil production is cash negative at a Brent oil price of US$35. Since the dramatic drop in prices from late 2014, there have been few halts in production – with around 100…
Faroe Petroleum’s exploration drilling program for the year will see the UK-based explorer begin drilling at its operated Brasse prospect in the North Sea this summer using the Transocean Arctic rig. Map of Oseberg…
The Petroleum Safety Authority Norway (PSA) has granted ConocoPhillips consent to use the Rowan Norway mobile drilling facility for plugging and abandonment of wells at Ekofisk 2/4 B. Ekofisk is an oil field lying in 70-75m of water in the southern North Sea…
BG Group ended the year on top with its total earnings coming in at US$2.3 billion, a significant improvement from a $1.1 million loss in 2014. However, the UK giant did report a loss of $29 million in Q4 2015. BG's QCLNG pipeline…
Almost 7000 visits were made to this week's Subsea Expo - Europe’s largest subsea event, held in Aberdeen, despite the industry facing its toughest year ever. The exhibition and conference, organized by Subsea UK, attracted just under 5000 individual delegates…
Schlumberger has received approval from the European Commission (EU) for the US$14.8 billion takeover of Cameron International, after the EU concluded that the proposed acquisition would raise no competition concerns. Schlumberger…
The University of Aberdeen has taken delivery of rock mechanics equipment that could play a major role in maximizing oil and gas recovery in the North Sea and West of Shetland area. The high-pressure, high-temperature rock deformation apparatus…
Statoil awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the world's first floating wind farm, following a successful demo facilitated by Nexans' cables which has been in operation since 2009…
Fabricom Offshore Services has been contracted for brownfield modification work on GDF Suez's recently installed Cygnus installation in the southern North Sea. As part of the work, it will use AVEVA's LFM Server and AVEVA Laser Model Interface…
Noble Corp. will retire two offshore drilling units, jackup Noble Charles Copeland and former Shell Arctic drillship, Noble Discoverer, the company announced this week. The retirements bring Noble’s full fleet to 30 units. The Noble Discoverer contract…
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