Ecopetrol's fully-owned subsidiary, Hocol Petroleum, has formed a new company called Ecopetrol Costa Afuera Colombia, which will now be responsible for offshore exploration and production activities off Colombia. These activities are…
Samsung Heavy Industries Co. (SHI) has awarded Clough a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The scope of work includes the preparation and execution of offshore hook-up activities and assistance to commissioning…
Siemens has been awarded its first commercial offshore wind order from Finland. The company will supply, install and commission 10 wind turbines, each with a capacity of 4 MW and a rotor diameter of 130m, for the Tahkoluoto offshore wind farm in the Baltic Sea…
China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…
READ has launched a new micro-leak detection solution, which will deliver answers for on the spot well integrity management decisions, to help maximize operational safety and minimize downtime, the company said. The diagnostic solution…
Shell shareholders approved the US$70 billion takeover of BG Group in a landslide vote of 83.08% in favor of the mega merger today (27 January) in The Hague, The Netherlands. Shell CEO Ben van Beurden…
Kosmos Energy announced a “significant” natural gas discovery at its first exploration well offshore Senegal, in addition to memorandum of understanding (MOU) for the development of the cross-border Greater Tortue complex. The Atwood Achiever…
Anadarko Petroleum awarded McDermott International a subsea umbilical and flowline installation contract to support Anadarko’s Phase II development of the Caesar/Tonga field in the Gulf of Mexico. Lay…
Prosafe has taken delivery of Safe Zephyrus semisubmersible accommodation vessel on 27 January 2016. The final delivery installment of the Safe Zephyrus has been reduced by US$30 million, which represents a seller’s credit from Jurong Shipyard…
According to a recent study by the UK’s Technology Leadership Board, there are 210 “small pools” of hydrocarbons (those containing less than 15 MMboe). While recognized, these pools, containing 1.5 billion boe in total, remain undeveloped…
Ratings and investor service firm Moody's has lowered its price estimate for Brent crude in 2016 to US$33/bbl, from $43/bbl, and suggests crude 'will remain well below $50/bbl through 2018.' West Texas Intermediate has also been lowered to $33/bbl…
Semi-state owned Danish energy company DONG Energy has decided to keep its exploration and production business ahead of floating on the stock market. But, the firm said its exploration and production business will have to 'adapt to the significant decline in oil and gas prices…
German operator Wintershall has delayed a decision on concept selection for its Skarfjell project offshore Norway in order to slash 40% of the costs from the project. Wintershall said this will see a decision made in Q3-Q4 this year, rather than Q1 as expected…
OSBIT Power has secured additional facilities at the Port of Blyth to deliver its largest project yet to Helix Energy Solutions, a world leading company in well intervention projects. In an agreement with the Port, the company will utilize…
As part of the UK Government’s strategy to increase British exports to £1 trillion, Subsea UK is encouraging companies to set their sights on international expansion to sustain long-term growth. The industry body has widened its “Global Opportunities” program during Subsea Expo…
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