Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…
Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.6 billion and potential resources of 1.49 billion boe, according to an independent assessment by ERC Equipoise (ERCE). Map from Europa…
ExxonMobil awarded Ocean Installer its first call-off contract for subsea well tie-back, engineering, IRM (inspection, maintenance and repair), ROV and associated services at the Balder field. The Normand Mermaid…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
Wintershall’s unmanned mini-platform L6-B started the production of natural gas off the Dutch North Sea coast in a restricted military zone. The L6-B unmanned platform. From Wintershall…
Subsea challenges are in focus at this week’s Underwater Technology Conference (UTC) in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In a three-part series, Elaine Maslin looks at three past papers from UTC Bergen’s…
The last few years have seen significant advances in reservoir modeling technology, aiming at removing some of the critical bottlenecks in underlying work processes. Ingrid Aarnes. Given…
Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it the largest ever retirement cycle in the history of offshore drilling. Research shows that this…
J2 Subsea opened a new subsea tooling facility at sister Acteon company, Seatronics’, subsea electronics location in Houston. The new facility marks the next stage in J2 Subsea’s global expansion plan. North American customers can…
AFGlobal Corp. appointed Curtis Samford as the company’s new president and chief executive officer. Samford joined the company in 2012 as president - oil and gas and was later promoted to chief operating officer in July 2013. Samford…
Energean Oil & Gas announced that it is to conduct a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala, northeastern Greece. The 3D survey will cover an area of 400sq km and will last approximately three weeks…
Following its acquisition of Abu Dhabi-based Totus Energy, in October 2012, Dron & Dickson has announced strategic plans to continue growth in the Middle East. Previously Totus Energy, the Middle East operation will now trade under the Dron & Dickson name…
The Sparrows Group has boosted its senior management team with the appointment of Steve Bertone, to head up its operations across the Americas. In his new role, Bertone will be based in Houston and will oversee all of Sparrows Group’s operations in the US…
The Petroleum Safety Authority Norway (PSA) granted an extension to ExxonMobil to use the Jotun A floating production storage offloading (FPSO) vessel and Jotun B wellhead platform beyond their original expected lifetimes in the North Sea…
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