Maersk Oil may shut down production at Denmark’s largest gas field, should an economically viable solution for continued operations not be reached by this year. Platforms at Tyra East. Image from Maersk…
Kvaerner has signed a framework agreement with Statoil, on behalf of partners, for upgrading of the Njord A semisubmersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of US$14…
Oil Services giant Schlumberger has completed its US$14.8 billion merger with rival Cameron International, less than a year after the deal was proposed. Schlumberger CEO Paal Kobsgaard, image from Schlumberger…
All eyes will be on the current and future potential of Mexico’s oil and gas industry at the 22nd annual Petroleum Exhibition & Conference of Mexico (PECOM),taking place 5-7 April in Villahermosa, Tabasco. PECOM 2015 exhibit floor…
Backlogs for subsea equipment manufacturers have been historically high in recent years – following record levels of subsea tree orders posted in 2013-2014. The process of working through these backlogs has thus-far cushioned the market against the decline in order activity seen in 2015…
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway will be the subcontractor of Kværner to provide engineering services for upgrading the semisubmersible platform at the Statoil-operated Njord A oilfield. The…
Wood Group has been awarded a two-year contract extending its service provision for TAQA in the North Sea. Under the contract, which has the option of three, one year extensions, Wood Group PSN will continue to deliver engineering, construction…
Statoil has awarded contracts to DNV GL for verification of all four topsides, the three bridges, three of four jackets, topside installation by use of the Allseas single lift vessel Pioneering Spirit and extended site assessment for the jackup…
BP Canada is putting its Nova Scotia exploration drilling activity on the back burner until 2018, as it waits out the economic slump the entire industry has been enduring. Map of BP's Scotian basin exploration drilling project…
BP Trinidad and Tobago (BPTT) has received delivery of all five subsea trees required for the Juniper project offshore Trinidad and Tobago. Image of Juniper's subsea tree, from BPTT. Juniper…
Petronas, through Malaysia Petroleum Management (MPM), has decided to open an area of Malaysian offshore waters to the multi-client model for the first time, according to PGS. A consortium comprising of PGS, TGS and Schlumberger WesternGeco…
Overcome with financial woes, Petrobras is taking another stumble as the company announced a voluntary termination program in hopes to reduce its workforce by 12,000 to save more than US$9 billion (33 billion BRL) in the coming years. Image…
Santos has appointed Excom as its new executive team, which will report to company CEO Kevin Gallagher. Gallagher said the appointment of Excom is a key step in establishing a new operating model for Santos that is focused on both lifting…
Xodus Group’s Intelligent Monitoring service is being used by Australian oil and gas company Woodside to create surveillance tools for its North West Shelf assets. Accurate monitoring of oil and gas production is an increasingly valuable tool for operators and surveillance engineers but…
Nearly six years after the BP oil spill in the Gulf of Mexico, Hollywood is taking its shot at recounting the tragedy with a film due this fall aiming to tell the story on the fatal blowout and its aftermath. The oil spill, one of the largest environmental disasters in global history…
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