Petrofac has secured a duty holder contract for two assets in the southern North Sea, following their acquisition by Faroe Petroleum. Petrofac will continue to provide operations and facilities management to the Schooner and Ketch platforms…
JDR is to design and manufacture a hybrid power steel umbilical for Wintershall Noordzee's Ravn field development in the Danish sector of the North Sea. JDR’s will deliver an 18.2km-long umbilical which will provide power and control…
US-based Endeavour International is seeking bankruptcy protection after agreeing a restructuring agreement with some creditors. The company’s debt totals about US$1.2 billion, according to Chapter 11 papers filed in US Bankruptcy Court in Wilmington…
Petrel Resources and Clontarf Energy have confirmed that an agreement has been reached with the Ghanaian authorities on the specific revised co-ordinates of the signed Petroleum Agreement on a license Block in the Tano area of Ghana. The…
A plan to develop the Ruche fields in the Duffafu license offshore Gabon using a floating production, storage and offloading vessel has been approved by the country’s authorities. The project, operated by Harvest Natural Resources, will see the Ruche A (formally Ruche)…
Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion. Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…
An international arbitration panel has awarded ExxonMobil US$1.6 billion for Venezuelan assets seized in 2007. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) decided unanimously that Venezuela has to pay damages to oil company ExxonMobil totaling $1…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
Solar power generation gained some more strength using devices made with polymers. This solar cell consists of a new polymer, called PID2, which was developed in the laboratory of Luping Yu. From Andrew Nelles…
A small scale “hydrogen generator” uses light and a two-dimensional graphene platform to boost production of the hard-to-make element. The research also unveiled a previously unknown property of graphene where the two-dimensional chain of carbon atoms not only gives and receives electrons…
Oil and gas companies are now able to enhance worker training and demonstrate technical concepts and techniques via stronger 3D animation and imagery. FuelFX's Oliver Diaz. Part creative content provider and part technologist…
TGS-NOPEC Geophysical Co. AS has commenced a new seismic survey —Declaration— in the Central Gulf of Mexico, expanding its Constitution group of WAZ 3D projects. The Declaration survey will cover 6061sq km (260 OCS blocks) in the Mississippi Canyon and Viosca Knoll areas…
Refinery safety remains paramount as production continues its upward swing as equipment and people end up pressed to increase a facility’s capabilities. It is no secret with new technologies for fracking and drilling that are giving a…
Other than the idea of keeping operators safe, Formula One racing has quite a bit in common with the manufacturing automation industry. As an automaker first focused on Formula One and now on other industries like energy, health and wellness…
According to officials, the offshore drilling industry needs to develop a comprehensive public database to help improve safety and prevent spills in federal waters. “Currently individual operators are collecting a lot of the data we need to properly assess risk…
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