Norway-based geoscience firm Dolphin Geophysical has filed for bankruptcy just days after warning it had struggled to restructure its debt and capital structure. The firm, whose shares halved last Thursday after it warned it could have to file for insolvency…
The platform supply vessels Viking Lady and Viking Athene have been awarded a contract with Total E&P Norge for one well starting mid December 2015. The duration of this contract is estimated to 75 days. Viking Prince has also…
Ezra Holdings announced that it has received approval from shareholders for its proposed 50:50 subsea joint venture with Chiyoda Corp. At the company’s extraordinary general meeting (EGM) held today, 99.97% of shareholders voted in support…
Statoil has received consent for modifications at Kristin and Tyrihans in connection with tie-in of the Maria field. Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is the operator of the field, which has…
ExxonMobil has chosen Darren W. Woods to be president and a member of the company's board of directors, effective 1 January 2016. Woods is currently senior vice president of the corporation. Rex W. Tillerson will continue his roles of chairman of the board and CEO…
International oil spill player Aptomar has developed a new method for environmental monitoring, designed for the oil companies to have round the clock monitoring, detection and reporting on unintended oil spills. Image…
Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
Marcelo Odebrecht officially announced his resignation and is stepping down from several roles after spending six months in prison for charges of bribery and corruption, for his alleged role in state-run Petroleo Brasileiro SA (Petrobras) Lava Jato scandal…
The Steam Oil Production Co. has agreed a deal with EnQuest to acquire a 100% interest in License P1996, made up of blocks 28/2b and 28/3b, containing the Elke and Narwhal discoveries. The transfer of the interest and assumption of operatorship…
Statoil and Repsol have agreed deals covering acreage in Norway, UK, US and Brazil. Statoil is to farm down 15% in the Norwegian Gudrun field to Repsol, retaining operatorship and 36% interest. Pending Repsol partner approval, Statoil…
North West Shelf (NWS) operator Woodside Petroleum said project participants have approved the Greater Western Flank Phase 2 (GWF-2) development off the northwest coast of Australia. GWF-2 will develop 1.6 Tcf of raw gas from the combined Keast…
Total has brought on stream its ninth project since the start of this year, its Moho Phase 1b project, 75km off Pointe-Noire, Congo. The project, with 40,000 boe/d production capacity, sits in 750-1200m water depth and comprises 11 new…
ConocoPhillips is vastly reducing its 2016 capital budget by 55% to US$7.7 billion, compared to two years ago, that the Houston-based company says is due to the current environment, which remains challenging with low and volatile prices. Ekofisk area…
Chevron is planning a 24% reduction in its 2016 capital and exploratory investment program to US$26.6 billion, compared to 2015’s $35 billion. Chevron's Big Foot in the GoM. Image from Chevron…
Houston-based BOP Technologies announced a new approach to allow a BOP to work even if the drilling rig loses power or hydraulic pressure. The company calls it 'a huge step' toward making BOPs the last line of defense in case of a blowout…
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