The Gulf of Mexico’s offshore oil industry appears to be climbing out of the latest downturn.Based on rig counts, well numbers, permitting data and information about sanctioned and expected projects, IHS Markit’s Bob Fryklund, vice president for upstream energy…
Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent for the first nine months of 2018.The world’s largest wind farm operator, formerly known as Dong Energy…
Technology and training organization 3T Energy Group has acquired Aberdeen-based Survivex, an offshore oil and gas training specialist.Global technology and training organisation said in a press release that it has become the UK’s largest energy sector training provider after acquiring Survivex…
Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter…
The future of oil and gas exploration in Australia looks bright after new offshore petroleum exploration permits were awarded by the Government that could see more than $530 million invested over the next six years.Minister for Resources and…
Halliburton Company has released Cerebro in-bit sensor package, a new technology that obtains performance data directly from the drill bit and analyzes it to optimize cutter engagement, reduce uncertainty and increase drilling efficiency.According to a company press release…
Remote robotics software developer Olis Robotics announed it has hired of Dr. Blaine Levedahl to lead the company's U.S. Government programs.Don Pickering, CEO of Olis Robotics, said, “Dr. Levedahl’s depth of knowledge and experience leading…
Houston based E&P company ConocoPhillips announced it has realigned its executive leadership team following news that its executive vice president, Production, Drilling and Projects Al Hirshberg will retire.Effective January 1, 2019, Matt Fox…
Subsea 7 has been awarded a second construction contract for the Vito development located approximately 150 miles south of New Orleans in the U.S. Gulf of Mexico, with water depths up to 4,000 feet.The contract was awarded by Enbridge Offshore Facilities…
Mexico's state-run Pemex is expected to start operating in April the largest offshore oil platform built in the country in a decade, which was constructed by McDermott International, an executive of the engineering firm said on Thursday.Pemex…
Jack-up drilling rig Maersk Invincible has completed a plug and abandonment (P&A) program of wells at the Valhall field center in the Norwegian sector of the North Sea ahead of schedule, operator Aker BP announced.The average time per well has…
Emerson's upgraded reservoir engineering suite offering takes automation a step further, slashing cycle times with more accurate forecasts.Emerson has unveiled its latest integrated reservoir engineering suite offering tools for advanced reservoir management and flow simulation…
Brazil's Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company's debt reduction drive…
Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…
Danish energy group Orsted posted third-quarter profit well above analyst expectations on Thursday and lifted its outlook for the year, in part thanks to the contribution from new offshore wind projects.Orsted now expects EBITDA for the year…
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