Danish giant AP Møller-Mærsk is dividing its company into two, after reviewing strategic and structural options for months that will also see its CEO, Jakob Thomasen, make his exit. Image from Maersk Flickr…
Petronas entered into a deal to license a part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. The deal was reached through Schlumberger and Petronas subsidiary, Petronas (E&P) Overseas Ventures…
Vard Holdings secured a contract worth about US$40 million for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123m by 16.5m, are sister…
Petrofac Training Services has been awarded a contract for training and emergency response services with Statoil to support its UKCS operations. In the new five-year training partnership, Petrofac Training Services is appointed as Statoil’s…
Aasta Hansteen is the world's largest Spar-platform, and will be the first in Norway. The substructure is 200m-long, 50m in diameter and will weigh about 45,000-tonne. This summer the final mega block weighing 4500-tonne was installed and the substructure reached its full shape…
The Baltim South West field offshore Egypt has the potential to hold 1 Tcf of gas in place, according to Eni. Image from Eni. The Italian giant, along with 50:50 partner BP, upgraded…
China's CNOOC has started production from the Enping 18-1 oilfield in the Pearl River Mouth Basin of the South China Sea. In addition to fully utilize the existing facilities of Enping 24-2 oilfield, the project teamed up with Enping 23-1…
CGG says final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multiclient survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available. Phase 2 is due to complete by Q4…
Santos and its partners have decided to go ahead with the Sampang Sustainability Project (SPP), a project to extend the life of the Sampang area fields, off East Java, Indonesia, to at least 2020. The project will involve switching the…
Norwegian geoscience firm Spectrum has started a 1800sq km multi client 3D seismic survey offshore Norway in the Western Barents Sea. The new survey, designed based on interest from industry will tie and complement Spectrum's existing 3D surveys in the area…
Shell Canada is moving on to its next prospect in the Shelburne basin, offshore Nova Scotia, after failing to find commercial hydrocarbons at its first exploration well in the program. Map of the Shelburne basin exploration project…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
US private investment firm Clayton, Dubilier & Rice (CD&R) has appointed former Statoil and BG Group boss Helge Lund as an operating advisor to CD&R's funds. Lund. Image from BG Group/Shell. Lund…
Germany's NKT Cables is acquiring ABB’s global high-voltage cable system business with a total enterprise value of US$934 million. The business is part of ABB’s Power Grids division, which is currently undergoing a strategic review. The sale includes ABB's new cable laying vessel…
Geoscience firm Spectrum is to carry out a long-offset Broadband 2D multi-client seismic survey covering the southern Rovuma and north-eastern Zambezi Basins, offshore Mozambique. The survey will be a variable grid with lines spaced from 10km to 20km…
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