VNG Norge has started drilling on the Blink prospect in the Norwegian Sea offshore Norway. The well, 6406/12-5 S, is in license PL586, which also contains the recent significant Pil and Bue discoveries (announced in 2014), says partner Faroe Petroleum…
In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
FMC Technologies has received an award from Shell for its Appomattox deepwater development in the US Gulf of Mexico. FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls, a control system…
Technip and South Korea’s Samsung Heavy Industries (SHI) are teaming up to develop a joint design of a low motion semisubmersible production platform. Technip and SHI already work together under a consortium arrangement, the Technip Samsung Consortium…
Oil and gas services giant Halliburton will shell out nearly US$18.3 million to more than 1000 employees after an investigation by the US Department of Labor. Image from Halliburton Twitter. In…
Landmark, a Halliburton business line and provider of software for the upstream oil and gas industry, and Palantir Solutions, a provider of asset and corporate-level scenario planning software, have formed an alliance to develop a fully integrated economics…
Wood Group has acquired Automated Technology Group (ATG), an independent suppliers of control and power solutions for industrial automation. ATG will perform within Wood Group Mustang’s automation and control business unit, providing…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
OneSubsea has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia. The FEED study, which will be conducted by OneSubsea’s local team in Perth, will include…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Husky Oil Operations Ltd. pulled the plug on its drilling contract with Seadrill for the West Mira vessel one week after Seadrill canceled the newbuild’s order with Hyundai Heavy Industries (HHI). West Mira illustration…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland. According to partner, Ireland-based Europa Oil & Gas, Kosmos has withdrawn from the joint operating agreements…
Claxton has installed a high-pressure drilling riser system as part of a multimillion-dollar contract for the Catcher area field development in the central North Sea. “Claxton was the only company to offer Premier Oil a fully-forged…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
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