Halliburton posted a 42% loss in its total revenue year-on-year for Q4 2015 that the company said is a result from the impact of reduced commodity prices creating widespread pricing pressure and activity reductions on a global basis. Image…
Lundin Malaysia completed, and will plug and abandon the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The well encountered approximately 15m of net logged reservoir pay with oil shows over three main reservoir…
Aker Solutions won a front-end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Åsgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Åsgard A…
Lundin Petroleum has started drilling exploration well 16/4-10 on the Fosen prospect, offshore Norway. The well is about 27km south of the Edvard Grieg field and 11km south of the Luno II discovery. It will explore the Fosen prospect…
Singapore-based Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International (GDI) of Qatar. It was completed on 21 January 2016, 10 days ahead of schedule…
Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…
Floating production specialist SBM Offshore has accepted an out of court settlement over allegations relating to the Petrobras corruption scandal - but says this doesn't amount to an admission of guilt. The allegations were made in December…
Oilfield services giant Schlumberger has inked its second floating LNG-related deal within a space of days - this time taking a stake in a development project. After inking a memorandum of understanding with LNG carrier and floating LNG firm Golar LNG late last week…
Despite the already difficult North Sea market and painfully high cost levels, a new research report published today by DNV GL reveals that more short-term cost cuts are expected in 2016. Sixty-five percent of UK respondents think mistakes made in previous downturns are being repeated…
Mexico’s federal government has entered into an exclusive agreement with Platts to utilize its oil and natural gas price data in the nation’s pricing formulas as part of its energy reform policy. Image…
Sky-Futures, the provider of drone inspection services for the global oil and gas industry, completed the first ever oil and gas inspection by drone in the Gulf of Mexico last week for a global oil and gas service and drilling company. Drone…
Golar LNG signed a memorandum of understanding (MOU) with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the MOU, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners…
Petrobras stopped production from its P-31 floating production, storage and offloading (FPSO) unit offshore Rio de Janeiro for the second time this month, after gas and oil leaks occurred earlier this week, according to the Sindipetro Norte Fluminense union…
Oil services giant Schlumberger posted more than a US$1 billion loss in its Q4 and full year 2015 results, in addition to a further 10,000 job cuts, bringing its workforce reduction to some 30,000 for the year. Kibsgaard…
Woodside Energy and partner Daewoo International have started drilling their latest exploration well offshore Myanmar just weeks after announcing a gas discovery in the region. The latest well, the Thalin-1 well in Block AD-7, was spudded 20 January…
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