Houston's Vaalco Energy is back online at the South Tchibala 2-H well after utilizing a hydraulic workover unit to replace a failed electrical submersible pump (ESP) system, offshore Gabon. Image from Vaalco…
A new decommissioning action plan launched today by the Scottish government’s economic development agencies hopes to help Scotland’s oil and gas sector take advantage of the estimated £17.6 billion forecast by Oil & Gas UK to be spent on…
Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in the Santos Basin. Image from Total. The licenses are the BMS-11 license…
Cameron, a Schlumberger (SLB) company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than US$350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico…
The government of Cyprus has selected companies, which include ExxonMobil, Eni, and Total, to negotiate exploration drilling terms for three blocks in the exclusive economic zone (EEZ) of Cyprus. Image of the 3rd licensing round map…
Saipem has successfully completed sea trials of its new remotely operated vehicles (ROVs), the Innovator 2.0, and has obtained a declaration of compliance with Norsok U102 standards, as well as DNV GL certification. Innovator 2.0, a…
Siemens has entered the offshore wind market in Belgium with a first order for the 309MW Rentel wind project. The customer is Rentel, part of the Otary partnership, a conglomerate of specialists from the Belgian renewable energy industry including investment and development companies…
Seatools, a Dutch subsea technology company, introduced their new subsea hydraulic compensator range: the Advanced series. This subsea compensator range, based on the preceding Hyco range, is designed for improved robustness, durability, and standardization…
Malaysia's Petronas will voluntarily make some adjustments to its crude oil production beginning in January 2017, a decision that stems from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers made earlier this month…
Australia’s Karoon Gas is going back to court to defend its deal with Petróleo Brasileiro (Petrobras) for stake in two fields, following a rejection to lift the injunction made by the Brazilian state-owned company in the federal court of Sergipe…
Statoil has completed its internal investigation on a fire at the Statfjord A platform on 16 October, an incident that was part of a string of hazardous events, leading the Norwegian giant on a safety mission. Image…
Terje Søviknes (Progress Party) has been appointed Minister of Petroleum and Energy in Norwegian Prime Minister Erna Solberg's cabinet. Søviknes replaces Tord Lien, who was Minister of Petroleum and Energy from 16 of October 2013 until yesterday…
In September 2016, privately owned Norwegian contractor Imenco launched a new division Imenco Corrosion Technology to concentrate on the promotion of its field proven anode systems globally to the offshore renewable energy sector and into late life assets in the oil and gas industry…
ROV services company Rovco has secured Innovate UK funding, which will enable the firm to carry out extensive research and development activity and perform a full feasibility study into the advancement of underwater 3D modelling technology…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…
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