Shell Malaysia announced it will lay off 1300 out of 6500 positions in its upstream division over the next two years. Gumusut-Kakap. Image from Shell. It is part of the company’s…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Rex International (RII) entered into a subscription agreement with Lime Petroleum Norway (LPN) for about US$11.72 million (NOK 100 million) as capital injection for Lime’s drilling program obligations. Image from Rex…
Weatherford International announced the commercial release of JetStream Radio Frequency Identification (RFID) circulation sub at the 2015 Annual Technical Conference and Exhibition. Poor wellbore integrity can cause events such as stuck pipe…
Hibiscus Petroleum is experiencing further delays at Sea Lion prospect offshore Australia due to weather delays, according to partner 3D Oil Ltd.'s (TDO). The drilling of the Sea Lion-1 exploration well has been further delayed due to continuing…
Electromagnetic Geoservices ASA (EMGS) is extending its cost reduction plans by removing another vessel from its fleet, and reducing staffing levels in a move that will reduce operation costs by up to US$35 million annually, and $70 million for 2015…
Ezra Holdings Ltd., announced its Subsea Services division EMAS AMC has successfully completed the first two of three Noble Energy-operated subsea tieback projects in the US Gulf of Mexico. Image…
Gulf Marine Services' GMS Scirocco newbuild has been completed ahead of schedule and under budget and has been awarded its first contract. The vessel will commence a four-month contract (three months firm with a one-month option) in October for an engineering…
The last pipe in Statoil’s Polarled pipeline has been laid this week in the Norwegian Sea, with the project coming in at 32% under budget. The pipeline was laid by the world's largest pipelaying vessel: Solitaire from Allseas…
Brazil’s Petróleo Brasileiro (Petrobras) discovered high-quality light oil potential at the third well in the Carcará pre-salt discovery area offshore São Paulo. Carcará map. From Petrobras. The third well…
VBMS, a strategic joint venture of VolkerWessels and Boskalis, successfully completed the offshore installation of an 18.5km control umbilical for Wintershall Noordzee B.V. The umbilical connects platform RAVN to A6A, located in the Danish and German sectors of the North Sea…
UTEC provided a positioning solution for the installation of a monopod liquid natural gas platform and 30km 10in LNG pipeline for a major operation located in Alaska’s Cook Inlet. A total of 24 field personnel were mobilized and engaged…
A midstream merger that will see Energy Transfer Equity (ETE) acquire The Williams Cos. (WMB) in a US$37.7 billion deal is linked to offshore operations in the US Gulf of Mexico. The Gulfstar spar…
Baker Hughes announced the commercial release of its DeclineShift mature asset solution. “As wells and fields age, operating costs tend to rise as production declines. Operators have generally tried to meet this challenge by lowering cost per barrel…
Newpark Drilling Fluids announced the appointment of Tim Armand as vice president of US Offshore Operations. Armand began his career in the energy industry with Tetra nearly 30 years ago. He has since gained invaluable experience…
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