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Safer Than Other Industries

11 hours ago

The oil and gas industry’s relentless focus on safety is paying off. Earlier this week, the American Petroleum Institute (API) released its Workplace Safety Report, which revealed occupational injuries and illness for the oil and gas industry occur at a substantially lower rate than for comparable industries in the U.S. private sector.For example, the oil and gas industry’s 2017 rate of job-related nonfatal injuries and illnesses was 1…

Wild Well Control Expands in the UK

Jan 17, 2019

Well control and engineering services company Wild Well Control announced it is expanding its Montrose facility at South Ferryden, U.K.Wild Well, a Superior Energy Services company, maintains its WellCONTAINED subsea containment system at Montrose Port…

Woodside Boosts Spending for Next Leg of Growth

Jan 17, 2019

Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…

Woodside Awards Scarborough FEED Contracts

Jan 16, 2019

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia.Each contract was…

Ocean Infinity to Conduct AUV Surveys for Petrobras

Jan 16, 2019

U.S. based seabed survey and ocean exploration company Ocean Infinity announced Wednesday that its Brazilian partner has been awarded a contract to provide high-resolution hydrographic mapping services to Brazilian national oil company Petrobras…

Orsted Loses Political Support for Divestment

Jan 14, 2019

Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longer political support for the divestment of its power business.The world's largest offshore wind…

Premier Oil Eyes North Sea Deals

Jan 14, 2019

Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields.The company's shares fell as much as 12…

Three Nominated to Petrobras Board

Jan 14, 2019

Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.The nominees are Eduardo Bacellar Ferreira…

Wellit Partners with Norvestor

Jan 11, 2019

The owners of software company Wellit have decided to sell 60 percent of company shares to private equity company Norvestor.Wellit develops logistics solutions for the global oil and gas industry. Its software, WELS, is a cloud-based multi-tenant platform tailored to the oil and gas industry…

Equinor Wraps Up Rosebank Acquisition

Jan 11, 2019

Norway's Equinor said on Friday it has completed its acquisition of Chevron’s 40 percent operated interest in the Rosebank project in the West of Shetland region of the U.K. continental shelf.The transaction was announced in October 2018.The…

DNO Clinches Faroe Petroleum

Jan 09, 2019

Norwegian oil company DNO has secured control of Faroe Petroleum, a day after raising its hostile bid for the British company to 641.7 million pounds ($819 million).The move effectively ends a bitter battle that started around nine months ago when DNO bought a stake in the British firm…

Italy to Block Exploration Permits

Jan 09, 2019

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil…

Gardline Names Vermeijden CEO

Jan 09, 2019

Marine survey company Gardline has appointed Christiaan Vermeijden as Chief Executive Officer, effective immediately. Vermeijden will replace Gardline's current interim CEO, Gerben Eggink.Vermeijden joins the U.K. based Royal Boskalis Westminster N…

World's First Floating Wind Turbine Gets New Life

Jan 09, 2019

The world's first industrial-scale floating wind prototype, Hywind 1, installed in 2009 off the west coast of Norway, will be reborn as an infrastructure for research and technology projects in Metcentre at Karmøy.Unitech Offshore, which manufactures and distributes subsea connector assemblies…

ExxonMobil, IBM Partner on Quantum Computing

Jan 08, 2019

Oil supermajor ExxonMobil announced Tuesday it has signed a partnership agreement with technology giant IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies.The agreement sees…

Current News

Fugro to Mobilize Edda Sun for IRM Work

Fugro to Mobilize Edda Sun for IRM Work

Saipem Wins EPIC Work from Saudi Aramco

Saipem Wins EPIC Work from Saudi Aramco

Schlumberger to Manage Equinor Project in Brazil

Schlumberger to Manage Equinor Project in Brazil

BP Goes Global with Seismic Tech

BP Goes Global with Seismic Tech

Shell to Pick Either Onesubsea or TFMC for Ormen Lange Phase 3

Shell to Pick Either Onesubsea or TFMC for Ormen Lange Phase 3

Safer Than Other Industries

Safer Than Other Industries

Schlumberger Sees International Growth in 2019

Schlumberger Sees International Growth in 2019

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