Due to the low oil prices heard around the world, Mexico’s Pemex is cutting its budget by a massive US$5.52 billion ($100 billion pesos) to help meets its financial goal by deferring and dropping less-urgent projects. Undersecretary…
Noble Corp. has announced the resignation of James A. MacLennan, senior vice president, chief financial officer (CFO), and treasurer, effective 26 February 2016. Dennis L. Lubojacky, vice president and controller, will serve as interim CFO until a permanent replacement can be found…
Harkand, an inspection, repair, maintenance (IRM) and light construction company, has been chosen to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea. The project…
National Ocean Industries Association (NOIA) president Randall Luthi, issued the following statement supporting the Atlantic Offshore Energy Caucus’s call for the Department of the Interior's retention of proposed Atlantic lease sale: “I…
Petrobras entered into a US$10 billion financing deal with China Development Bank (CDB) that includes a trade agreement for the Brazilian giant to supply oil to Chinese companies. Image from Petrobras…
Malaysia’s Petronas is pumping the breaks on its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due to the low oil price environment. Image of the PFLNG 1…
Former Shell senior executive, Ann Pickard has been appointed as Woodside's non-executive director. Pickard retired from Shell in February, where she held numerous positions during her 15-year tenure with the company. She served as executive vice president…
Sixteen new licenses for oil and gas exploration in the Danish sector of the North Sea have been granted under Denmark's 7th Licensing Round, pending parliament approval. The move will see several new foreign operators enter the Danish sector…
Italian geotechnical firm GAS has been appointed to perform survey and positioning support activities for the Chirag oil project offshore Azerbaijan. The work scope covers the laying of 8.33km of the 18in water injection pipeline and…
Wintershall is due to start drilling its latest exploration well on production license 248 in the North Sea, starting in March. The firm has been given consent to drill two wells, 35/8-6S and 35/8-6A, taking around 85 days, depending on whether a discovery is made…
DeepOcean welcomed its advanced cable installation vessel Maersk Connector to North East England for the mobilization of specialist cable handling equipment for projects in the offshore renewables and subsea interconnector sectors. The vessel…
ScottishPower Renewables has made a final investment decision on the East Anglia ONE offshore wind farm, which is set to be one of the largest wind parks in the world. The 714 MW, £2.5 billion (US$3.47 billion) project offshore East Anglia…
China's CNOOC has laid claim to the the country's first ultra-deepwater gas discovery in the northwestern part of the South China Sea. The Lingshui 18-1-1 exploration was drilled in 1688m (5538ft) water depth and has been certified as a discovery by the Ministry of Land & Resources…
Tracerco, an oil and gas service company part of Johnson Matthey, has brought its technology to the Australasia region, permanently basing their equipment at their Western Australia facility in Perth. OTC Spotlight on New Technology 2015 winner…
Private equity funded Black Platinum Energy will move ahead with its plans for appraisal and development activities to prove up its shallow gas plays in East Natuna, offshore Indonesia, despite current industry conditions. Plans include drilling one exploration well…
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